Business Solutions

The success of your business is important to us and that’s why we’ve created valuable banking solutions that are good for your business.  We’re With You!  Simply contact us today to begin taking advantage of checking accounts, credit cards and loans to help meet your company’s growing needs.

Deposit Solutions

We have checking accounts built for businesses no matter how big or small. Find the business checking account that’s best suited for you at Scott Credit Union. Contact our Business Solutions Department today by email.

Plus, you can now get the exclusive St. Louis Blues debit card with your Business Checking account at Scott Credit Union.

Business Accounts

Business Essentials Checking
Businesses with minimal transaction needs that want a simple, straight-forward account.
Business Growth Checking
Small to medium size businesses that require more options to manage cash flow at a great value.
Business Money Market
Available to businesses that want to grow excess capital at higher dividend rates than those offered with traditional business savings accounts without locking the funds up for months or years at a time.

 

Get Started and Open a Business Account

Scott Credit Union wants to see you and your business succeed. Contact our Business Solutions Department today by email.

What Documentation to Have Ready
  • Proof of Federal TAX ID number in the business name
  • ID (Valid identification for all signers on the account)
  • Documents verifying information about the business and who is authorized to act on behalf of the business. These documents will vary depending on the business/organization type, see below.
Sole Proprietorship
  • Illinois Business
    • Assumed Name Certificate issued by the County where the Business is located
  • Missouri Business
    • Fictitious Name Filing issued by the Secretary of State of Missouri
Partnership
  • Illinois Business
    • Assumed Name Certificate issued by the County, if applicable
    • Partnership Agreement
  • Missouri Business
    • Fictious Name Filing issued by the Secretary of State of Missouri, if applicable
    • Partnership Agreement
Corporation
  • Articles of Incorporation
  • Corporate Bylaws
    • Additional Items may be required per the Bylaws
Limited Liability Company
  • Articles of Organization
  • Operating Agreement
    • Additional Items may be required per the Operating Agreement
Non-Profit
  • Articles of Incorporation
  • Corporate Bylaws
  • Board Resolution
  • 501(c)3 Paperwork
    • Additional Items may be required per the Operating Agreement
Organization
  • Letter on Organization’s Letterhead requesting Membership
  • Organization Account Resolution (provided by the CU)

1Deposits count as 1 item, regardless of the number of items in a deposit.

2APY=Annual Percentage Yield.

Lending Solutions

Lending Solutions

  • Single Family Rental Properties
  • Multi-Family Rental Properties
  • Apartment Buildings
  • Commercial Office Buildings
  • Commercial Vehicles – Titled Vehicles, Trailers, UTVs
  • Machinery & Equipment
  • Office and Medical Equipment
  • Business Property Construction Loans
  • Business Lines of Credit
  • SBA Loan Programs – 7a & 504 Loan Programs

Card and Merchant Solutions

Visa® Business Credit Card

Scott Credit Union Visa Business Credit Cards now offer you a way to control expenses and meet the needs of your growing business. Get a business rewards credit card that lets you earn points on everyday purchases with no point limits and no redemption fees.

Our Visa Business Credit Cards offer the following features:

  • Non-variable interest rates from 10.99% APR to 15.99% APR1
  • No Annual Fee
  • Low Balance Transfer Fee
  • Rewards Program – Redeem points for gift cards, cash, and travel2
  • Earn 1 point for every $1.00 in credit card purchases
  • No additional cost for employee cards while earning points with their purchases

Elavon

Scott Credit Union has partnered with Elavon, a leading global payments provider, to offer you payment processing solutions. Elavon offers the latest in payment technology, so you can give your customers the choice to pay however they want. Whether you accept payments online, in person, in-app or over the phone, Elavon and Scott Credit Union have you covered.

  • Fast funding options – same day funding, next day availability
  • Ability to accept all payment types – chip cards, pin/debit cards, mobile payments and more
  • Latest in payment technology including smart terminals, in-person, online and tablet-based solutions
  • 24/7/365 customer service and a dedicated Customer Account Manager
  • Solutions to help protect your business from credit card fraud
  • Loyalty programs to grow, retain and market your business
  • Solutions tailored to your business provided by a merchant services professional

Scott Credit Union wants to see you and your business succeed. Contact our Business Solutions Department today by email.

1APR=Annual Percentage Rate. Rates based on certain credit-worthiness criteria.

2Please review account agreement for benefit details and conditions.