Welcome to True North Business Services! You’ve come to enjoy the benefits of credit union member-ownership and now your business can benefit as well!
Current Business Account Rate & Fee Sheet
Business Services Offered:
Business Share/Savings (S8)
True North Federal Credit Union offers a Business Share (savings) program to qualified persons that establishes membership and entitles them to apply for other products and services offered by the Credit Union.
Business Share Draft/Checking (S81)
This account is tailor-made for businesses or organizations. Features include a flat monthly fee which is waived for IRS approved non-profit organizations. This account charges a minimal per transaction fee after the first 250 debit and credit transactions, has a low minimum deposit and an opportunity to earn dividends. The free Business Visa Check Card provides you with the convenience of a VISA card for easy access to your funds. Cards are issued in the business name and user’s name.
Business Money Market (S80)
If you’re looking for a combination of the best rate you can receive coupled with easy access to your funds, a Money Market account may be the right account for you. The liquidity of a Money Market account means you can withdraw funds without penalty, unlike a term deposit account. Plus, your investment earns a competitive rate, which is tiered to provide a greater rate of return dependent upon your balance.
All business accounts include options for overdraft protection, free E-statements, free Home Banking, and Check printing services.
Sweep Account Services
True North offers Sweep Processing that allows a funds transfer by setting up minimum or maximum balance requirements as an efficient means of cash-flow control for multiple accounts.
Transfer funds between financial institutions.
Home Banking/Bill Pay Services
Your 24/7 credit union! Manage your accounts online from the comfort of home or office, pay bills, transfer between accounts, print statements and more! (Improved Bill Pay service coming soon!)
Simplified Employee Pension Plans (SEPS)
A low cost retirement savings plan employers can offer to their eligible employees.
True North Federal Credit Union offers business members Merchant Services through TermNet for the purpose of accepting major Credit Cards as forms of payment. Also available through TermNet is Check Verification, Guarantee & Electronic Check Conversion, as well as Gift & Loyalty Card Programs. For a referral form please click here. You can return the form to your local branch or can fax it directly to TermNet at the fax number on the form. File opens with Adobe Acrobat Reader.