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1st MidAmerica Credit Union Exceeding Member Expectations
1st MidAmerica Credit Union

Business Accounts

Whether your business is a Sole Proprietorship, Not-for-Profit or a large Corporation, 1st MidAmerica offers competitive, flexible products and services to meet your business needs.

 

Business Checking

We can provide service to, the nearby small organizations and clubs, large and small Not-for-Profits organizations, churches, corporations, and sole proprietorships.

We offer three types of business checking accounts:

Community Checking
Basic Business Checking
Elite Business Checking

Community Checking

  • Not-for-Profit Organizations
  • Small Organizations & Clubs
  • Church Clubs

Dividend Earning:
Rate is the same as what is offered on our share draft checking accounts.
Monthly Service Fee:
No monthly service fee is charged on this account.
Per Item Charge:
First 100 items per month are free. A per item charge of $0.30 is applied after the first 100.


Basic Business Checking

  • Sole Proprietorships
  • Small Businesses
  • Church Operating Accounts

Dividend Earning:
Rate is the same as what we offer on our share draft checking accounts.
Monthly Service Fee:
$7.00. This fee is waived if the average monthly balance exceeds $1,000.
Per Item Charge:
First 150 items per month are free. A per item charge of $0.25 is applied after the first 150.


Elite Business Checking

  • Corporations

Dividend Earning:
Tiered interest rates are competitively priced, with a minimum rate that matches our share draft checking accounts.
Monthly Service Fee:
$12.00
Per Item Charge:
A charge of $0.25 is applied per item.

Deposit Options

We realize that every business’s deposit and investment needs can vary. We’ve designed our account structures to simplify your business life and at the same time eliminate the majority of fees that you may have encountered at competing institutions.

Our Financial Service Representatives will be happy to provide information and account detail on the following deposit services. Let them show you how 1st MidAmerica can not only save you money, but also the frustrations of onerous service charges.

Business Checking

We can provide service to, the nearby small organizations and clubs, large and small Not for Profit organizations, churches, corporations, and sole proprietorships

Business Share/Savings

  • Dividend Earning with Quick Access

Business Money Markets

  • High Dividends and Convenient Access

Business Shares Certificates

  • Competitive Rates for up to 5 Years

 

To open a business account contact us at (618) 258-3168 or visit one of our branches today.

Loan Options

Business Loans at 1st MidAmerica are available to finance the continuing operation or expansion of your business. We pride ourselves in structuring each loan to fit the individual member business borrower’s needs. From an array of lending options to a variety of competitive rates and terms, we’re able to put together the perfect lending package for you. Noted below is a listing of the business loans that we make available to meet your business borrowing needs.

  • Commercial Real Estate
  • Rental Property
  • Construction & Development
  • Land & Commercial Lots
  • Commercial Vehicles
  • Equipment & Machinery
  • Inventory & Accounts Receivable
  • Lines & Letters of Credit
  • Visa Business Credit Cards

For further information on Business Loans or to start your application today, stop by any branch or call (618) 258-3168.

Convenient Access

Spot Pay
• Accept fast and secure card transactions, anytime and anywhere, using SpotPay™. With superior support and no sensitive customer data stored on your mobile device, your business has everything to gain and nothing to lose. Learn more here!

Merchant Bankcard Services
• Visa, MasterCard, Discover & American Express

Night Depository Services
• Available at All Locations

Online Banking
• Available 24/7

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Your savings federally insured to at least $250,000 by the National Credit Union Administration. An additional $250,000 is privately insured by ESI.
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