What’s Different for Centers / Businesses
For Membership:
- A different Member Account Card
- A Corporate Resolution and other organizational documents
For Deposit Accounts:
- Retirement savings such as IRAs are not available
For Loan Products:
- We can lend directly up to a maximum of $50,000;
- We can partner with a Credit Union Service Organization (CUSO) to originate participation loans greater than $50,000. We have used this unique service to help Centers purchase a building, or refinance their mortgages.
- Once you’ve submitted an application, our loan officers will usually require more in-depth financials including cash-flow projections.
