Business Products and Services
Business Loans
Running a business, making it grow and succeed requires financing. MAFCU Business Loans can help finance your specific business needs which might include working capital, inventory, expansion, equipment purchase or commercial real estate. Along with competitive rates and terms, we have friendly, qualified staff to answer all your questions and concerns. Loans up to $250,000 are available.
Business Term Loans
MAFCU’s Business Term Loans help finance long-term, strategic investments such as capital equipment or expansion, that can help grow your business.
Business Visa Line of Credit (LOC) Card
MAFCU’s Business Visa Line of Credit is a cost-efficient, convenient way to finance your business' short-term operating expenses.
Visa Credit Card
MAFCU’s Business Visa Credit Card lets you manage your expenses with convenience and control. MAFCU’s Business Visa features low, fixed rates; low annual percentage rate (APR); no annual fee; 25-day grace period; and added security with Verified by Visa for online purchases. Click here to download application and disclosure information.
Business Savings Accounts
With a $25 minimum balance, this account entitles you to all the benefits of Credit Union membership.
Business Money Market
You get flexibility and higher dividends with this account. With a required $5,000 minimum balance, businesses get three free withdrawals per month, and tiered dividend rates.
Business Term Certificates
This is a great way to maximize your investment for the term you choose. There is a $2,500 minimum balance required, and we offer a variety of terms. In addition, deposits of $100,000 and above earn higher interest .
Business Checking Accounts/Business Debit Cards
MAFCU offers two business checking accounts: Business Value Plan and Business Value Plus. ATM/Debit Card is available for both accounts with no annual fee.
Value Plan
There are no minimum balance requirements, no monthly fees, unlimited check writing, and unlimited withdrawals at MAFCU-owned ATMs, plus four free transactions at all other ATMs, with this plan.
Value Plan Plus
With a $10,000 minimum balance, businesses earn monthly dividends (there is a $15 maintenance fee if balance falls below $10,000). Businesses also get unlimited check writing, unlimited withdrawals at MAFCU-owned ATMs, and eight free transactions at all other ATMs.
For more information on MAFCU Business Services, contact Joe Kopnisky, Business Relationship Manager, at 617-278-5638 or jkopnisky@mafcucreditunion.org.
