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Business

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Business Savings Account


Our Business Savings Account is ideal for smaller businesses that need to move funds often and require a low minimum balance. If you are looking for higher yields, the Business Preferred Share Account is a good choice.


Business Savings Account

A Business Savings Account is required to access any other business services. A minimum deposit of $5.00 is required to open this account. The account features:

  • Minimum deposit of $5.00 to establish an account

  • Interest earned on daily balances equal to or greater than $250.00

  • Interest compounded monthly and credited quarterly

  • No monthly service charge

  • This account is required to access all other business services


Business Preferred Share Account

If you can maintain larger balances in your account, you’ll want to take advantage of this account as the interest rates are higher. With this account you can expect:

  • Minimum deposit of $2,500.00 to establish this account and to earn interest

  • Minimum daily balance of $2,500.00 required to avoid a $25.00 monthly service charge

  • Interest compounded and credited monthly

  • Subject to FRB Regulation D transaction withdrawal rule (3/6) per month (see fee schedule for rule)

Once you’ve opened your Business Savings or Business Preferred Share Account, don’t forget to also set up a Business Checking Account to help with your day to day business transactions!

If you’re looking for additional ways to save for your business, check out our Business Share Certificates, which also offer higher interest rates on account minimums of $2,500.00 or more.

Business Checking Account

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We offer two checking accounts to meet your needs — Business Advantage Interest Checking and Business Premier Interest Checking. Business Advantage Interest Checking is a simple, efficient solution for small businesses that have fewer than 100 transactions monthly. Business Premier Interest Checking is designed for businesses that process more than 300 transactions a month and generally maintain a higher balance. Ask a member service representative to help you determine which account is right for you.

Business Advantage Interest Checking

  • Minimum deposit of $50.00 to establish this account

  • Minimum daily balance of $100.00 to earn interest

  • Minimum daily balance of $500.00 to avoid a $15.00 monthly service charge

  • Interest compounded and credited monthly using the daily balance method

  • Free On-Line Banking, Bill Payment, Telephone Banking, E-Statements, Cash and Coin Service

  • Free Notary and Signature Guarantee service

  • VISA Debit/Check Card available with no monthly fee

  • First 100 items processed monthly are free then $.20 per item thereafter

  • Direct Deposit available

  • First order of checks free up to $50.00; 25% discount on future orders

Business Premier Interest Checking

  • Minimum of $50.00 to establish this account

  • Interest paid on daily balance in account, compounded and credited monthly

  • Minimum daily balance of $2,500.00 to avoid a $25.00 service charge

  • All of the features of the Business Advantage Interest Checking Account above – Plus

  • First 300 transactions processed monthly are free and then $.20 thereafter

  • First order of checks are free up to $100.00; 25% discount on future orders

Business Share Certificates

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A Business Share Certificate offers your business additional interest income on your deposits with a low minimum deposit‚ flexible terms and interest withdrawals without penalty. Business Share Certificates feature the following:

  • Minimum deposit of $2,500.00 to establish this account and earn interest

  • Interest compounded and credited monthly

  • No monthly service charge

  • Interest income available for withdrawal without penalty

  • Monthly interest transferrable into any business account of choice

Business Loans

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Louviers FCU offers business-purpose loans up to $50,000.00 to help you grow or manage your business. For loans over $50,000.00 and up to $2 million, we have partnered with Member Business Financial Services, LLC.

For more information, contact us or visit one of our branches and ask for a Member Service Representative.

Business Rates

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Business Savings Rates

Account Type Rate APY*
Business Savings 0.10% 0.10%
Business Preferred Share 0.35% 0.35%

*Annual Percentage Yield. Rates are subject to change. Monthly Fees may reduce the disclosed APY.


Business Checking Rates

Account Type Rate APY*
Advantage 0.05% 0.05%
Premier 0.05% 0.05%
Non-Profit 0.05% 0.05%

*Annual Percentage Yield. Rates are subject to change. Monthly Fees may reduce the disclosed APY.


Business Share Certificate Rates

Certificates Minimum Balance Rate APY*
12 Months $2,500 1.65% 1.66%
18 Months $2,500 1.75% 1.76%
24 Months $2,500 1.90% 1.92%
30 Months $2,500 2.10% 2.12%
48 Months $2,500 2.35% 2.38%
60 Months $2,500 3.00% 3.04%

Rates are subject to change. Please check with the Credit Union for current rates. Penalty for early withdrawal.


Business Deposit Account Fee Schedule

Effective 7-1-09 the following fees may apply to your Business Deposit Accounts:

Service Fee
Account Reconcilement (minimum charge 1 hour) $20
Account Research (minimum charge 1 hour) $20 plus copies
Activity printout $5
Card Replacement - Debit or ATM $5
Card Replacement – Rush replacement or Special Handling $30
Check Order: Business Advantage Interest Checking First order FREE up to $50
Check Order: Business Premier Interest Checking First order FREE up to $100
Both Accounts – 25% Discount on future orders
Check or Deposit Slip photocopies $2 each
Collection Items $25 plus our cost
Dormant Charge $15 per month
E-Statements FREE
Excess Transaction Fee (applies to Business Money Market Account) $9.99 per item
(The number of third-party payment transactions or transfers via telephone, online or ACH is limited to six per statement period as permitted by Federal regulations. Of these six, only three may be made by check, debit card or POS.)
Missing or Incorrect Taxpayer Identification Number $50
Notary Fee FREE
Online Banking FREE
Online Billpay FREE
Paid Item Fee (Each ACH, POS, or check paid while overdrawn) $35
Records Retrieval $15 per box
Returned Item Fee (Each ACH, ATM and POS rejection, and Check returned unpaid) $35
Returned Deposit Item Charge $5 per item
Returned Mail – Incorrect Address $3 per item
Safe Deposit Box (Standard Rates Apply For Each Size – Ask for Rates)
Stop Payment $20 per request
Statement Copy $5 per month copied
Telephone Account Access FREE
Travelers Checks Please ask for current rates
Wire Transfers - Incoming Domestic $10
Wire Transfers - Outgoing Domestic $25
Wire Transfers - Incoming International $10
Wire Transfers - Outgoing International $30
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