Alliance Business Services

NEW! Alliance Business Services - The Credit Union Difference, Working for Your Business.

Ready access to capital and financial services are the lifeline of small business. Unfortunately, affordable, personalized services haven't always been forthcoming from the larger institutions that dominate the financial services industry these days.

That's where First Alliance comes in. With our new line of high-value business services, we're able to offer your business the same low rates when you borrow and high rates when you save as we've offered our members for the past 75 years. And with the same great service you'd expect from a cooperatively owned financial institution.

Business Deposits

Checking and Interest Bearing Deposit Accounts
A business checking account provides you with a simple, cost-effective way to manage your cash flow and process your daily cash receipts and disbursements.  We offer three types of business checking accounts:

Alliance Basic Checking
(Non-Profit Organizations & Associations)

  • $100.00 minimum balance to avoid $5.00 monthly fee
  • $1,000 minimum balance to earn interest (tiered)
  • No activity restrictions

Alliance Business Checking

  • $100.00 minimum balance to avoid $5.00 monthly fee
  • $1,000 minimum balance to earn interest
  • 100 deposit and withdrawal items free
  • 101 or more withdrawal and deposit items ($10.00 fee)

Alliance Premium Business Checking

  • $2,500 minimum balance to avoid $10.00 monthly fee
  • $5,000 minimum balance to earn interest (tiered)
  • 300 deposit and withdrawal items free
  • 301 or more deposit and withdrawal items ($25.00 fee)

Business Tax Payments

As part of our deposit services package, we offer simple and easy options to pay your business taxes. We can help you get set up to electronically file and pay your tax due, all within your control from your place of business.

Automated Information and Transaction Services

Business members can take advantage of CU Connect On-line Banking at no charge. This system is available via a secure login on the Internet, and provides the following capabilities:

  • Review deposit and loan balances and transaction information
  • Transfer funds or take an advance on a line of credit
  • Reorder checks, place stop payments, etc.

We also offer 24 hour telephone services that are easy to use and get you the information you need, when you need it, from any location...Just give us a call!

Automated Clearing House (ACH) Transactions

ACH transactions are a very cost-effective method of paying or receiving money. Typical uses of ACH include payroll direct deposit and receiving regular automatic payments. ACH can save you time and money compared to writing checks or wiring funds.

Additional Services

In addition to the services listed above, First Alliance offers a wide range of services for businesses and their employees:

  • Night depository
  • On-line Banking & Bill Pay
  • 24 hour telephone banking
  • Complete internet banking services
  • Personal Lines of Credit
  • Direct Deposit/Payroll Deduction
  • Health Savings Accounts
  • Certificates of Deposit/IRAs
  • Money Market Accounts
  • Auto, Home and Personal Loans
  • Free Notary Service
  • and much more

Business Loans

Lines of Credit
A Line of Credit will allow you to borrow only as much as  you need, precisely when you need it. You may borrow a set amount and pay it down repeatedly, balancing your cash flow needs with this ready source of short-term funds. A Line of Credit is simple and easy to use and is a great tool to:

  • Cover short-term cash needs
  • Take advantage of supplier discounts
  • Cover seasonal working capital needs

Term Loans

Term loans are used to finance the acquisition or modernization of the company's productive assets. Term loans are commonly used for:

  • Purchases of machinery, equipment, furniture, fixtures, and to make leasehold improvements
  • A supplement to working capital
  • Expansion or  modernization of facilities
  • Vehicles or other business transportation

Commercial Real Estate

We offer very competitive financing for commercial real estate, including the purchase of existing buildings or refinancing current loans. These loans use the property as the required collateral, and are often used for:

  • Commercial properties, both owner-and non-owner occupied
  • Rental housing/apartment complexes
  • Combination business/rental properties

For more information, or to speak to an Alliance Business Services Representative, contact us at (507) 288-0330 or via e-mail: business@firstalliancecu.com

Business Loan Applications-Below are three documents for business loan applications:

1. The Loan Application
2. Individual Financial Statement
3. Member Business Loan Checklist