Lending

Propel your business forward with a business loan from Financial Plus. Our competitive rates and terms, and staff of commercial lending experts are ready to help you reach your business goals.

We offer a variety of commercial lending options for:

1. Commercial real estate.
2. Accounts receivable/inventory.
3. SBA 7(a) and 504 programs.
4. Equipment (Rates now as low as 3.24% APR!)*
5. Additional needs - contact our Commercial Lending Department at (800) 748-0451 or clending@myfpcu.com for more information.

New Equipment Financing Example**	(3.24% APR at 36 Payments)
Loan Amount (The amount of credit provided to you)	$100,000.00
Monthly Payment (The amount you will pay monthly)	$2,918.71
Total Interest (The dollar amount the credit will cost you)	$5,074.00
Total Cost of Loan	$105,074.00

Click here to view Business Rates

*APR = Annual Percentage Rate. Equal Opportunity Lender. Rates, terms, and conditions are subject to change and may vary based on creditworthiness. Minimum loan amount $15,000. Maximum loan amount $250,000. Special rate valid until 12/31/19.
**New Financial Plus Credit Union equipment loans only. Existing Financial Plus loans do not qualify for the special offer. Some restrictions and Financial Plus Credit Union standards apply. See Credit Union for full details. (800) 748-0451

NOTICE TO MEMBERS/CONSUMERS: Use of the above email address is not protected or encrypted. Please use the email address for general inquiry purposes only. DO NOT INCLUDE non-public, private information in any email communication sent via this email address (info@financialplusfcu.org) or to any individual employee email address of Financial Plus Credit Union. For identification purposes, and so that we may contact you, please include your name and phone number and a general description of the issue or service you are inquiring about.

Business Checking Accounts

 

	Free Business Checking	Premier Business Checking
Minimum Opening Deposit	$25 Checking; $25 Savings	$500 Checking; $25 Savings
Minimum Average Monthly Balance	$0 Checking; $25 Savings	$10,000 Checking; $25 Savings
Monthly Service Fee*	FREE with e-statements, otherwise $10.00	Free if minimum average monthly balance above is maintained otherwise $25.00
Transaction Fee**	$0.25 each                                                     $0.25 each (First 100 per month are FREE)                      (First 200 per month are FREE)  FEE WAIVED FOR Electronic Transactions!    Electronic transactions are items such as ACH debits/credits, Point-Of-Sale  (POS) ATM/Debit Card purchases, online banking & telephone audio response  transfers, and online bill payments.
Dividends	None	Tiered rate for balances above $1,500 (see checking rates below)
Automated Phone Banking (telephone audio response system)	FREE	FREE
Online Banking	FREE	FREE
E-statements (access monthly statements online and more)	FREE (Required to waive service fee)	Optional/FREE
BillPay** (online bill payment)	FREE***	FREE***
Debit Card	FREE (Nominal replacement free for lost/damaged cards. See Business Fee Schedule.)	FREE (Nominal replacement free for lost/damaged cards. See Business Fee Schedule.)

*Service fee waived when minimum requirement is met.
**Transaction Fee waived for electronic transactions (ACH debits/credits, POS & debit card purchases, Online Banking & Phone Banking transfers, and BillPay Plus payments). Other items such as ATM transactions and paper checks written from an account are counted as a transaction that could trigger a fee if the account is over the monthly transaction limit.
***Other fees such as expedited payments may be applicable. Please refer to the fee schedule.

Business Savings Account

 

The cornerstone of your membership at Financial Plus. Our team of experts are dedicated to help make your business banking experience simple and stress free.

Enjoy these features with a Business Savings Account:

• Tiered dividend rates based on daily account balances.*
• Online Banking
• Automated Phone Banking
• Mobile Banking 
• Mobile Check Deposit^
• BillPay (Enjoy paying your bills online at your convenience with
  our 24-hour online access.)

Click here to view Business Rates


*Daily balances less than $1,500 do not earn interest.
^ Must meet requirements for Mobile Check Deposit.

Business Hi-Yield Money Market Account*

The cornerstone of your membership at Financial Plus. Our team of experts are dedicated to help make your business banking experience simple and stress free. 

 

Enjoy these benefits with a Business Hi-Yield Money Market Account:

• Higher tiered dividend rates than a business savings account.
• Dividends paid monthly.
• Funds remain liquid
• Online Banking
• Automated Phone Banking
• Mobile Banking
• Mobile Check Deposit^
• BillPay (Enjoy paying your bills online at your convenience with our 24-hour online access.)

Click here to view Business Rates

*Business member must have a regular business savings account with a minimum of $25 opening deposit.
^Must meet requirements for Mobile Check Deposit.

Business Certificates of Deposit*

Our Business Share Certificates are as unique as your business’ financial needs. Put your extra capital to work for you with a Financial Plus Certificate of Deposit.

• Terms as short as 90 days and as long as 60 months.
• Fixed dividend rates.
• Click here for our current rates.

*Business member must have a regular business share account with a minimum of $25 opening deposit.

Meet our Commercial Lenders

 Jacquie Ochs provides commercial business services to the market areas of Genesee, Oakland, Saginaw, Shiawassee, and northern Livingston Counties. Ochs brings 23 years of financial service experience, 10 of those years being in commercial lending. Ochs has a thorough understanding of the client’s business needs, and placing them into the best loan product. She stated, “I appreciate every business is different and I sincerely enjoy becoming acquainted with each business and the owners. Together, we create a lending plan customized for them as one size does not fit all.” Ochs provides commercial business services to the market areas of Genesee, Oakland, Saginaw, Shiawassee, and northern Livingston Counties.

Matt Schroeder will provides commercial business services to the market area of Lapeer, Imlay City, Davison, Lake Orion and Oxford cities along with Macomb and Lapeer Counties. Schroeder brings 10 years of extensive commercial business experience to Financial Plus, and is a highly knowledgeable lender. Schroeder enjoys partnering with business owners. He remarked, “I provided financing for a business several years into their new endeavor, and then later provided financing for a move to a new location to allow for further business expansion.”

Schroeder is involved in many community organizations and events such as: Imlay City Rotary, Premier Night Fundraisers, and various Chambers of Commerce.