Community Financial for Michigan Businesses
How We Do Business
Business Accounts Business Loans Payroll Services HCM Services Business Services Team
It’s no secret that we like local. We love it, in fact — so much that it’s practically our first name.
For the past 70 years, we’ve been supporting dreams of vibrant new lunch spots and local mechanics who do things right. Hard work and big dreams are what a thriving community is made of, and they’re what make Michigan great. Your business Belongs here, and we see your vision.
Whether you’re turning a side-hustle into a full-time or expanding your business to new heights, we have the tools and expertise to support that growth: accounts that fit your business model, loans to gear you up for a boost in profit, and services that take the headache out of the day-to-day so you can spend more time on what really matters.
Business Accounts
From covering everyday expenses to growing your funds for an upcoming expansion, we offer a business account for all your needs.
Setup is as simple as gathering the documents from our Business Account Opening Checklist, then contacting one of our expert Business Team members for personalized help setting up for success!
To open a business account, please contact:
Jeff Kuehls
Director/Business Deposit Development
(734) 582-8748
jkuehls@cfcu.org
Rebecca Vargo
Director/Business Deposit Development
(734) 656-8691
rvargo@cfcu.org
Accounts that match your needs:
Free Business Checking
- $5 to open
- No minimum balance
- No monthly maintenance fee
- 200 free deposit items
- $0.25 after
- Unlimited free ACH deposits
- 20 free checks paid per month
- $0.30 after
- Overdraft protection available from savings, Mastercard, or HELOC
- No withdrawal limits
- Monthly statements
- NCUA Federally insured only up to $250,000
- Additional Excess Share Insurance (free of charge) only up to $100,000
Business Checking
- $5 to open
- No minimum balance required
- Up to $9 monthly maintenance fee
- Monthly fee waives with $5,000 daily average balance
- 100 free deposit items
- $0.15 after
- Unlimited free ACH deposits
- Dividends compounded and paid monthly
- Overdraft protection available from savings, Mastercard, or HELOC
- No withdrawal limits
- Monthly statements
- NCUA Federally insured only up to $250,000
- Additional Excess Share Insurance (free of charge) only up to $100,000
Business Savings
- $5 to open
- $300 minimum balance to earn dividends
- Up to $3 monthly maintenance fee
- Monthly fee waived with $300 daily average balance
- Dividends compounded and paid monthly
- Can be used as overdraft protection
- Monthly statements with e-activity, quarterly otherwise
- NCUA Federally insured only up to $250,000
- Additional Excess Share Insurance (free of charge) only up to $100,000
Business Money Market
- $5 to open
- $10,000 minimum balance to earn dividends
- No monthly maintenance fee
- Dividends compounded daily and paid monthly
- Monthly statements with e-activity, quarterly otherwise
- NCUA Federally insured only up to $250,000
- Additional Excess Share Insurance (free of charge) only up to $100,000
Call our Business Experience Team today to open your business account — and don’t forget to have our Business Account Opening Checklist ready!
Edgy. Chic. Poised for Prosperity.
Roberto “Bob” finds belonging with tools built for business.
If you’re a Mogul in the making, you Belong here. Because we’re here to build you up with a Business account that’s specially designed for your company’s everyday needs and beyond.
Business Loans
It takes money to make money! We offer different loans for all types of situations, businesses, and amounts.
To get started with your business loan contact our Business Experience Team!
Loans that give you an edge
- Commercial Real Estate Mortgages
- Commercial Auto Loans
- Equipment Loans
- Business Lines of Credit
- Business Mastercard® with Easy Savings
Business Services
No one ever said running a business was easy, but there are plenty of ways to manage the hecticness. Manage your accounts on the go, save money with ACH, simplify payroll, and a whole lot more with services designed to give you your time back.
For more information on implementing any of these services for your business, contact our Business Experience Team!
- ACH Payments
- Consumer to Business Payment Services
- Corporate Business-to-Business Payment Services
- Lockbox Services
- Online & Mobile Banking
- Remote Deposit Capture
Payroll Services
From first time payroll setup to your existing processes, we want to help simplify things and improve your efficiency.
- Full State and Federal Tax Filing and Deposit Service
- New Hire Reporting
- Direct Deposit
- Child Support and Garnishment Support
- General Ledger Integrations or Custom GL Reports
- Year End W-2 Reporting
HCM Services
HR automations keep your business compliant, running at full-force, and give you more time in the day to focus on the big picture.
- Applicant Tracking
- Onboarding
- Benefit Administration
- Timekeeping
- Learning Management
- Expense Management
- Performance Review Features
For Payroll or HCM Services, please contact our Payroll & HCM Broker, Carrie Falk, at (608) 669-5576 or cfalk@themarketpayroll.com.
Meet the Team
Our Business Experience Team has a wealth of experience bringing dreams like yours to life. We’re dedicated to serving our community, which means we’re dedicated to seeing your business succeed. For guidance, services, and support that’s right down the street, send an email or give us a call today!
It’s Not Wall Street, it’s South Harvey Street:
Mike Erfourth
VP of Business Sales
(734) 582-8579
merfourth@cfcu.org
Jeff Kuehls
Director/Business Deposit Development
(734) 582-8748
jkuehls@cfcu.org
Rebecca Vargo
Director/Business Deposit Development
(734) 656-8691
rvargo@cfcu.org
