Benefits of Choosing a Credit Union for Your Small Business

Deciding where to bank for your small business is a significant decision. While big banks are often the first choice, credit unions, like Provident, offer some great advantages, especially for small businesses. Let's explore five reasons why going with a credit union could be a smart move for your small business.

1. Local and Personalized Service: Credit unions like Provident are committed to serving our local community and prioritize our members, including small businesses. We take the time to understand your business and offer tailored solutions. With 21 branches and hundreds of local employees, we're part of the communities where you do business. This is why we're dedicated to providing excellent service and supporting local causes.
2. Lower Fees: Credit unions are not-for-profit financial institutions owned by their members, not big investors. This allows credit unions, like Provident, to offer lower fees and better rates on accounts and loans. For small businesses, especially in places like California where costs can be high, these savings can really add up.
3. Competitive Rates: Credit unions like Provident offer competitive interest rates on loans, business credit cards, and savings accounts. This allows businesses to access financing at favorable terms and earn higher returns on their deposits, contributing to improved financial stability and growth.
4. Financial Resources:Credit unions care about ensuring that their members, including small businesses, understand how to manage their money. Many, like Provident, offer free resources and financial coaching to assist with this. Our expert financial advisors can provide advice on cash flow management and other financial intricacies, which are helpful for small businesses.
5. Business Solutions: Beyond traditional banking services, credit unions like Provident provide specialized services for small businesses. From merchant services to remote check deposits and Zelle^® for Business, these offerings streamline daily operations, allowing you to focus on core business activities and achieve smoother business operations.

Business banking is crucial for small business owners, providing the necessary tools to manage finances, protect assets, and foster success. Consider opening a business account with a credit union like Provident for personalized service, lower fees, and better rates. Join us to support local growth and prosperity while fulfilling your business banking needs.