Business Accounts
Business Services & Loans
At First Digital Credit Union, we work making changes hard to understand the needs of Northwest businesses. We’ve put together a value-packed portfolio of business services specifically designed to meet those needs. Our services can help your business grow, attract quality employees and provide your company with a long-term financial partner!
Click here for a business membership package.
Business Savings
Establish your membership and eligibility for all Business Services at First Digital with your savings account. Features include:
- $5 opening deposit
- Free mobile and online banking
- No monthly service fee
Business Checking
Both of our business checking accounts include unlimited deposits, a free debit card, and free Online and Mobile Banking. Choose the account that fits your business’ needs.
Biz-e Free Business Checking
Ideal for the business owner looking for the speed and convenience of electronic banking partnered with the personalized service that you’ve come to expect from Pacific NW Federal Credit Union.
- 10 checks cleared per month at no charge
- 20 FREE online bill payments
- No minimum balance requirement
- No monthly service fee
- FREE E-statements (required)
Premium Business Checking
Perfect for your small business, this account focuses on the basics to ensure your account activity flows as smoothly as possible. At First Digital, we believe your business checking account should provide convenient and flexible options that don’t complicate your business.
- 99 checks cleared per month at no charge
- No service fee when a $3,000 average daily balance is maintained in your account
- $10.00 monthly service fee if the average balance requirement is not met
SEP and IRA Plans
Plan for future financial security with our retirement accounts. Our IRA and SEP accounts are insured separately up to $250,000 by the NCUA.
Would you like to talk with a specialist about 401(k) plans for you and your employees? Review our financial planning resources for more information.
Business Loans
| Vehicles | Equipment | Business | |
|---|---|---|---|
| Use | Business purposes, transportation | Transportation/freight, medical/dental, manufacturing, construction equipment | General business expenses – long term working capital, marketing, software |
| Pre-approval | Yes | Yes | No |
| Term | Up to 84 months* | Up to 84 months* | Up to 60 months* |
| Collateral | Vehicle | Equipment | None required |
| Time in Business | 2 Years | 2 Years | 2 Years |
| Down Payment | 0-10%* | 10%* | N/A |
Commercial Real Estate
Choose local for your next commercial real estate purchase or refinance.
| Property Type | Owner occupied, investment |
|---|---|
| Pre-approval | Yes |
| Term | Up to 15 Years* |
| Amortization | Up to 25 Years* |
| Equity/Down Payment | 25%* |
*Terms subject to underwriting of a complete loan application package.
Business Visa
Cash Awards Visa for Business
Businesses can enjoy ultra-low rates, 1% cash back and no annual fee with our Cash Awards Visa. You can use it anywhere Visa is accepted and earn 1% cash back on your purchases. The cash will automatically be deposited into your business savings account on the 15th day (or next business day) of each new quarter: January, April, July & October. Review our Application and Solicitation Disclosure and Credit Card Agreement.
ApplyMerchant Card Processing
By accepting credit and debit cards you can improve customer convenience and satisfaction, and increase sales. First Digital offers merchant card processing through Total Merchant Concepts, a local bankcard processor. Our equipment is priced very competitively and deposits are made via ACH to your business checking account at the credit union, generally within 48 hours of your batch closing. Benefits of partnering with TMC for your merchant card processing include:
- Month-to-month service agreements
- 24/7 customer service
- No hidden fees
- Create your own gift card program
- Easy to read monthly statements
- Ongoing contact and annual reviews