Business Accounts & Services
There is nothing small about running a business, and that’s why we’ll do the hard work for you. We’ll give you the tools you need to succeed, and we’ll stand by you every step of the way. Find the business account and solutions that best fit your needs and allows you to spend more time growing your business.
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FREEDOM Business CHECKING
Embark on your business journey hassle-free with our zero-to low-fee, unlimited check deposit account. Perfectly tailored for startups and established businesses.
- NO minimum deposit requirement
- NO monthly maintenance fee
- NO processing fee for (non-electronic) items
BUSINESS ACCOUNT FEATURES
With our help, you can achieve your goals and reach your full potential.
- Unlimited Signers
- Labor CU Business Debit Card
- Online Banking with BillPay
- Free night drop services
- Wire Transfers
- Newtek One® Merchant Terminal*
Business Account Solutions
Labor Credit Union is proud to partner with Newtek One® to provide our business account members with enhanced capabilities and resources to support their operations. Newtek One® is an all-in-one platform designed to simplify and streamline your business operations. Let us help you simplify the process and get organized
- Merchant Processing
- Payroll & Benefits
- Insurance
- E-commerce and much more
Required Documents
Personal Identification:
Two primary forms of ID (1 primary + 1 secondary)
- Primary ID: Driver’s license, passport, state/city-issued ID, military ID, etc.
- Secondary ID: US Visa, paystub, rental agreement, utility bill, etc.
Owner/Signer Information:
- Full legal name
- Address
- Date of birth
- Country of citizenship
- Country of residence
- % of ownership (for owners)
- Social Security/ ITIN
Business Documentation – Varies by business type:
- Corporation: Certificate/ Article of Incorporation
- Sole Proprietor: OBA or Business Certificate
- LLC: Limited Liability Agreement
- Non-Profit: Articles of Incorporation
- Partnership: General Partnership
- Unincorporated Associations: Membership Agreements
More information about business in your state:
For additional details about Business Account & Service options, email, visit a branch, or call a Labor CU Financial Wellness Advisor at (202) 789-2901.
*Newtek One® is a registered trademark of Newtek Business Services, Inc