Member Advantage Business Services
Member Advantage Business Services is a financial services cooperative that combines the member business lending power of the credit union industry with the expertise of a growing number of established small business financial services providers. This convergence of small business-focused financial services provides business owners with a source of solutions to the most important issues that face small business, including:
- Competitively priced business loans and lines of credit from local institutions
- Business credit and debit cards
- Payroll processing and tax management services
- Merchant credit card processing services
- On-line bill payment services
- Property and casualty insurance products
- Financial management training for business owners
- Investment and trust services
More than 26 million small business enterprises provide the products, services, and jobs that are the central nervous system of the American economy. Historically, small business owners have had to rely exclusively on the commercial banking system for short and long term financing needs and deposit services. Most large commercial banks, however, focus their resources on middle-market and multi-national businesses. They rely on automated systems to serve small business owners. As a result, the majority of America’s small businesses are underserved by large financial institutions.
For more than 100 years credit unions have provided competitively priced financial services to underserved American consumers. Credit unions are non-profit, member owned financial institutions that historically pay higher rates on deposits and charge lower rates on loans than other financial institutions. Today, nearly one in every four Americans is a member of a credit union and now America’s credit unions are a small business owner’s alternative to institutionalized lenders and finance companies. Most small businesses are eligible for credit union membership.
Member Advantage Business Services provides portal through which small business owners can find personalized service and financial solutions from a cooperative network of credit unions and financial services providers.
Come inside and take a look around. If you’re a small business owner you can apply for a business loan or credit card, see how you can save valuable time and money managing your payroll, learn about our merchant processing services, sign up for one of our on-line business owner financial management training courses, view our partners’ insurance and investment products and services, and much more.
If you’re a credit union, you’ll see how you can join the Member Advantage Business Services cooperative and begin to serve your member business owners competitively and profitably. You’ll see how we support our credit union partners by providing local underwriting, automated loan documentation preparation, loan servicing, loan participation management, and on-line credit training.