Business Lending Services

Small Business Resources

Business Services

Rates

Applications

Frequently Asked Questions

Business Services

The Santa Cruz Community Credit Union offers our Business Members the following services:

• A full range of business loan services
  • SBA loans
  • Commercial real estate loans
  • Vehicle and equipment loans
  • Business lines of credit
  • and more...
• Merchant teller window - FOR FASTER SERVICE
• Business Community Visa accounts--designed for our business members
• Night Deposit
• Payroll Tax Deposits (IRS)

For a more detailed description of these services, please scroll down below Business Loans section.

Business Loans

• Term Loan - fully amortized variable and fixed rates, terms up to 72 months
• Line of Credit - revolving line of credit, renewable annually.
• Business Community Visa - a socially responsible, low APR credit card that donates to local nonprofits every time you use it. Additional cards are available for employees at no extra charge and there is no annual fee. Our credit card gives money back to our community!
• New Business Venture Loan - term loans and lines of credit for new businesses or new business acquisitions.
• Quick Cash - application only line of credit up to $25,000 for existing businesses. Renewable annually.
• SBA - loans and lines of credit under SBA and other Government Guaranteed loan programs.

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Merchant Teller

For your convenience, a Merchant Teller is available at both our Santa Cruz and Watsonville offices.

In Santa Cruz, hours are: Monday through Thursday, 10 A.M. - 4 P.M., Friday, 10 A.M. - 5 P.M or by appointment.

In Watsonville, Merchant Teller services are available during regular business hours including Saturday, 10-3 P.M. or by appointment.

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Night Deposit

Both offices have outdoor deposit boxes available 24 hours a day.

• Deposits received by 10 a.m., Monday through Friday, are processed the same day.
• Deposit envelopes are available at the outdoor deposit box.

Recommended for cash deposits:

• Night Deposit drop key
• Lock and key deposit bags

Other deposit supplies available: (please call for fee information)

• Zipper bags
• Endorsement stamps

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IRS Payroll Tax Deposits

Electronic payments are the quickest and easiest method to make same-day payroll tax. To do so, complete IRS Form 9779 and follow the directions to make same-day payments.

Note: To avoid late penalty fees, your quarterly tax deposit must be made at the credit union the business day PRIOR to the date that it is due to the IRS.

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ATM Access

A Business Checking Account allows unlimited use of our Credit Union's ATM for deposits, transfers and withdrawals around the clock. Deposits to the ATM by 2 p.m., Monday through Friday, are processed the same day. An ATM/Visa Check Card card also allows you to access your Credit Union accounts from thousands of ATM machines around the world exhibiting Plus, Star, Coop, Cuig, Discover, and American Express logos. You may also use it wherever you see the Visa logo. You receive four free non-SCCCU ATM transactions per month. For more information, see the VISA Check Cards FAQ.

Additionally, you receive unlimited point-of-sale usage available at most stores as another convenient way to get cash. You can always get quick cash using your ATM, at no extra charge from the Credit Union.

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Ernestine - 24-Hour Touchtone Teller

By using Ernestine you can substantially cut down on your banking time and receive valuable account, loan and Visa information 24-hours a day. Move funds between your Credit Union accounts, find out which checks have cleared, or make loan payments - all by phone! All you have to do is visit or call Member Service at one of our branch locations, and one of our representatives will sign you up for this FREE service. For more information, see the Ernestine FAQ.

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Coin And Currency

Rolls of coin and currency are available in various denominations with a limit of $2,000 per day. (24-hour notice is helpful). For higher amounts, three day notice is required. All cash requests are handled with the Merchant Teller.

Business Checking Accounts - fees listed below are waived with a $2500 minimum daily balance.

• Economy - $8 monthly fee, write 74 checks at no charge, 50 cent charge for each check over 74.
• Standard - $15 monthly fee, write 150 checks at no charge, 50-cent charge for each check over 150.
• Super - $20 monthly fee, write more than 150 checks at no charge.

Business Checking Accounts Including Check Copy Services:
For the following fees, you can receive copies of your checks each month. Fees listed below are waived with a $2500 minimum daily balance.

• Economy - $11 monthly fee
• Standard - $20 monthly fee
• Super - $27.50 monthly fee

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For more information about business accounts and business lending, see the Business FAQ.