Microbusiness Shares Accounts

Microbusiness Shares Accounts

Looking for a safe and reliable place to save the money from your business? Open an account at LCCU. Regulated financial institutions are the safest way to keep and manage your money. By separating the money of your business with that of your household you can better manage your budget and control expenses in a more organized way.

With our basic share account, you can also gain a competitive interest on your money so you are not only keeping it safe (since your deposits are insured up to a maximum of $250,000, through the National Credit Union Administration (NCUA), a U.S. government agency) but you are also letting it grow.
 
In addition, after establishing membership with your shares account, you will have access to all our other financial services including checking account, money markets CDs, and micro business loans as well as access to the largest ATM network in North Carolina, the Cash Points network.
What do I need to open a Shares Account?
 
To use Latino Credit Union’s services you must first become a member.
 
If you are already a member, and you want to open an account for your business, we recommend you open a Micro Business Checking Account for convenience and maximizing the benefits you can get from your accounts. To open any deposit account when you are already a member, you just need to bring a personal ID and the proper documentation of the business (whether that is the EIN, a proof of your taxes, or any other legal document that provides evidence that the business is in existence and that you are the owner or one of the partners)
 
Is there a charge or fee?
 
No, as long as you keep the minimum balance.
 
Can I take out my money whenever I want?
 
The savings account allows you to deposit, withdraw or close the account at any time.
 
How can I access my account?
 
You can access the account in person by visiting a branch, by phone with Latino Direct, online with Latino DirectoNet or using an ATM from the following networks:
 

 
All accounts are federally insured up to $250,000 through the National Credit Union Administration (NCUA)