Business Services

Simple - Business - Banking

Tiffany

"I recently opened a commercial account and have had a hard time getting access to it (linking it to my personal and joint account). Tiffany worked magic then walked me thru the process and now all my accounts are at my fingertips! She was patient with me (today nothing wanted to work! LOL) and helped me out. This was my 2nd time trying to get this resolved. I really appreciated her help and professionalism and great attitude!"

~Liz L. from Richardson, TX

At FreeStar Financial, we understand that growing your business is your primary focus. That’s why we want to simplify your banking to alleviate worries about maintaining monthly balances or being hit with unexpected fees. We offer perks to your employees, too, which can help retain staff. It’s time to switch and bank with a credit union. Experience the friendly, personalized service your business deserves.

Business Checking

Free ATM network, over 1,600 in Michigan
Free online banking and bill pay
After hours deposit
Merchant services provided by International Bancard
Personal member service

Business Lending

A variety of business loan options to help grow your business:

Vehicle loans for titled vehicles
Business line of credit up to $15,000
Business credit card up to $10,000
Commercial real estate loans available
Partners with Michigan Business Connection for large business loans and SBA products

Employee Perks

As a FreeStar Financial Credit Union business account holder, your employees are eligible for the following additional benefits:

Boomerang Rewards Checking Account paying 2%*
Free credit union membership
Free educational seminars
High-interest CD options
All the benefits and conveniences of credit union membership!

*See Boomerang Checking page for details.

Business Investments

We have a variety of money management accounts and CD options available.

Money Management Accounts allow the flexibility of earning more while having access to your money.
Short-term Certificates of Deposit are another great alternative to earn more on your money without a long-term commitment.
Want to earn even more? Consider a Bump Rate CD where you lock in a rate for 3 years or 5 years and if the rate goes up, you can request a bump to the higher rate.

Money Management Accounts
Effective Date: June 01, 2018
Minimum Balance	Dividend Rate	APY*
$1,000 to $2,499.99	0.100%	0.100%
$2,500 to $4,999.99	0.200%	0.200%
$5,000 to $24,999.99	0.250%	0.250%
$25,000 to $149,999.99	0.300%	0.300%
$150,000 and up	0.350%	0.350%
*APY = Annual Percentage Yield. APY is the total amount of dividends paid on an account, based on the dividend rate and the frequency of monthly compounding for a 365-day period, and expressed as a percentage. Dividends paid monthly.

Money Management Account - Diamond Special
Effective Date: June 01, 2018
Minimum Balance	Dividend Rate	APY*
$75,000.00	0.747%	0.750%
*APY = Annual Percentage Yield. APY is the total amount of dividends paid on an account, based on the dividend rate and the frequency of monthly compounding for a 365-day period, and expressed as a percentage. Minimum amount to open is $75,000 new money only. If balance falls below $75,000 APY will be 0.00%. Dividends paid monthly.

Business Purpose Loans
Effective Date: June 01, 2018
Type	Term	APR*
New titled collateral up to $30,000	up to 60 months	prime + 2 = 6.50%
New titled collateral, over $30,000-$50,000	up to 84 months	prime + 3 = 7.50%
Used titled collateral up to $30,000	up to 60 month	prime + 3 = 7.50%
Used titled collateral, over $30,000-$50,000	up to 84 months	prime + 4 = 8.50%
New, non-titled collateral up to $30,000	up to 60 month	prime + 4 = 8.50%
New, non-titled collateral over $30,000-$50,000	up to 84 months	prime + 5 = 9.50%
Used, non-titled collateral up to $30,000	up to 60 months	prime + 5 = 9.50%
Used, non-titled collateral, over $30,000-$50,000	up to 84 months	prime + 6 = 10.50%
Fixed, unsecured (no collateral)	up to 36 months	prime + 6 = 10.50%
Revolving line of credit		prime + 8% = 12.50%
Visa credit card		12.90%
*APR=Annual Percentage Rate. Rate is as low as; and may change based on credit history, term and other determining factors. Payment example: A loan of $30,000.00 at 6.25% for 60 months would have a monthly payment of $585. Equal opportunity lender.

All business loans that are secured by real property are processed by our third-party vendor, Michigan Business Connection (MBC). The credit union still funds and holds your loan. We are your primary contact.

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