First Community Credit Union business checking accounts carry none of the overhead that commercial banks attach to small and mid-size business relationships. Free transactions, no surprise fees, and treasury tools that scale alongside your operation — all inside a member-owned institution where business members receive the same profit-sharing benefits as personal members.
Whether you're a sole proprietor running 40 transactions a month or a multi-location retailer processing thousands, First Community Credit Union has a business checking tier structured for your volume — with ACH origination, positive pay fraud protection, and electronic deposit processing available across the board.
First Community Credit Union offers three distinct business checking tiers: Free Business Checking (0–300 transactions/month at no cost), Premium Business Checking for high-volume operations, and Nonprofit Checking for 501(c)(3) organizations. All accounts include online and mobile banking, bill pay, debit card access, and real-time account alerts. Business members hold the same ownership interest as personal members — dividends returned through the credit union's not-for-profit structure flow back to the business membership as well. NMLS #489352. Deposits federally insured by NCUA.
Three structures covering startups, high-volume businesses, and tax-exempt organizations — each with transparent pricing and no hidden fees.
| Feature | Free Business Checking | Premium Business Checking | Nonprofit Checking |
|---|---|---|---|
| Monthly Fee | $0 | $18 (waived w/ $2,500 avg. balance) | $0 |
| Free Transactions/Month | 300 | 600 | Unlimited |
| Excess Transaction Fee | $0.25 each | $0.15 each | N/A |
| Opening Deposit | $100 | $500 | $25 |
| Positive Pay | Not included | Included | Add-on available |
| ACH Origination | Add-on available | Included | Add-on available |
| Electronic Deposit Processing | Included | Included | Included |
| Online & Mobile Banking | Included | Included | Included |
| Business Debit Card | Included | Included | Included |
| Wire Transfers | $15 domestic outgoing | $10 domestic outgoing | $15 domestic outgoing |
Rates and fees subject to change. See current fee schedule at any branch or call (800) 342-8575.
Core features that come standard — no upselling required to access the basics.
Deposit checks remotely using First Community Credit Union's mobile capture platform or desktop scanner. Funds are typically credited same day for deposits made before 3:00 PM local time, subject to standard holds on new accounts.
Premium accounts upload a daily issued-check file. Any check presented that doesn't match your file gets flagged before payment — protecting against check washing, forgery, and unauthorized alterations. Exceptions can be approved or returned via online banking.
Send payroll direct deposits and collect recurring customer payments through the Federal Reserve's ACH network. First Community Credit Union supports NACHA-formatted file uploads, same-day ACH for qualifying transactions, and individual debit/credit entry origination through online business banking.
Multi-user access with configurable permission levels lets owners, bookkeepers, and accountants each see exactly what they need — and nothing more. Real-time balance monitoring, statement download, and ACH file management are all available 24/7.
At First Community Credit Union, the cooperative structure extends to every business account holder.
Commercial banks treat business accounts as revenue centers — they charge higher fees, offer lower interest on deposits, and route profits to shareholders. First Community Credit Union works differently. Business members hold an ownership stake, established through a $5 Business Share Savings account. That membership stake means every dollar of net income the credit union generates gets returned through competitive rates, reduced service fees, and improved products.
A business carrying $50,000 in operating reserves in a First Community Credit Union money market account earns meaningfully more than the same balance parked in a bank's business savings product. That differential, compounded across checking fees not paid, interest earned on balances, and discounted lending rates, represents real money that stays in your business rather than funding a bank's shareholder dividend.
The Small Business Administration publishes research on the cost advantages of credit union business banking — see SBA.gov's business finance management resources for further context on evaluating business banking costs.
Running a 501(c)(3) involves enough administrative complexity without adding banking friction. First Community Credit Union's Nonprofit Checking account removes the obstacles that trip up mission-driven organizations at commercial institutions:
Qualifying organizations include 501(c)(3) public charities, private foundations, religious institutions, homeowners associations, civic leagues, and other tax-exempt entities under IRS classification. Documentation required at account opening includes IRS determination letter, EIN verification, articles of incorporation or organization, and a board resolution authorizing account signatories.
Call (800) 342-8575 or visit a branch to speak with a business banking specialist. Account opening typically takes 20–30 minutes with the right documentation in hand.
Open a Business AccountThe Free Business Checking account at First Community Credit Union includes up to 300 free transactions per month. This covers checks written, ACH debits and credits, debit card purchases, and teller transactions. Transactions beyond 300 are charged at $0.25 each. Businesses with higher volume should consider the Premium Business Checking account, which increases the free transaction threshold to 600 and reduces the excess transaction fee to $0.15.
Yes. First Community Credit Union maintains a dedicated Nonprofit Checking account designed for 501(c)(3) organizations, churches, civic groups, and other tax-exempt entities. This account carries no monthly service fee, no minimum balance requirement, and includes unlimited transactions. Organizations must provide IRS determination letter documentation and articles of incorporation to qualify. Multiple signatories and treasurer access levels are supported.
Positive Pay is a fraud prevention service included with Premium Business Checking at First Community Credit Union. Each business day, you upload a file listing checks you've issued — including check number, dollar amount, and payee. When a check is presented for payment, First Community Credit Union matches it against your file. Any check that doesn't match is flagged as an exception item for your review before payment is approved or returned. This significantly reduces exposure to check washing, counterfeiting, and altered-check fraud.
Yes. ACH origination is available to business members with qualifying checking accounts at First Community Credit Union. This service lets you send payroll direct deposits, collect recurring payments from customers, pay vendors electronically, and manage intercompany transfers. ACH origination requires a separate agreement and may require a security deposit depending on average ACH exposure. Same-day ACH processing is available for qualifying transactions submitted before the daily cutoff.
The Free Business Checking account requires a $100 opening deposit with no ongoing minimum balance. The Premium Business Checking account requires a $2,500 average daily balance to waive the $18 monthly service fee. Nonprofit Checking has no minimum balance requirement at any time. All business members must maintain a $5 Business Share Savings account, which establishes ownership in the credit union and activates full membership benefits.
Everything your business needs, in one member-owned institution.
Business share savings, money market accounts, escrow accounts, and business certificates — all earning competitive dividends.
Commercial term loans, lines of credit, CRE financing, and equipment loans underwritten locally by First Community Credit Union.
SBA 7(a), SBA 504, SBA Express, and Microloan programs with local processing and competitive guaranteed rates.
POS processing, e-commerce gateway, mobile card readers, virtual terminal, and next-day funding for business members.
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