At a variety of scheduled events with local chambers of commerce during the month of October, DFCU Financial formerly announced its the launch of Business Banking. Developed to service small businesses with annual revenues of $5 million or less and shaped in collaboration with Michigan entrepreneurs, DFCU Financial Business Banking offers simplified products, best-in-class technology, and financial education and guidance tailored to the specific needs of small business owners.
“After listening carefully to Michigan small business owners over a nine-month period of focus meetings and extensive market research, DFCU Financial has developed a simplified, consultative approach to business banking to help our business members meet the unique needs of their firms,” said Mark Shobe, president and CEO, DFCU Financial. “Our Business Banking team is highly specialized, and our simplified portfolio of small business-centric products and educational resources offers support, guidance and convenience to small business owners statewide.”
DFCU Financial Business Banking minimizes transaction and loan turnaround times with best-in-class technology, offering a more personal approach than national banks. DFCU Financial’s consultative approach and local experts throughout the state of Michigan expedite loan decisions, and the organization’s online banking platform streamlines payment, payroll and transactional processes.
To better guide small business owners to the right products and services for their needs, DFCU Financial’s highly trained Business Banking experts are qualified to empower small business owners to use current and future financial assets to their advantage.
Educational guidance is available to small business owners and their employees through one-on-one consultations and ongoing educational seminars at branch locations across metro Detroit, Ann Arbor, Grand Rapids and Lansing.
“The ‘DFCU DNA’ is truly ingrained in our Business Banking practice,” said Lesli Matukaitis, senior vice president, Corporate Banking, DFCU Financial. “We listened carefully to small business owners as we developed our solution and educational offerings, and remain committed to helping our clients take the guesswork out of important financial decisions, helping them attain short- and long-term financing.”
In January 2015, DFCU Financial paid a record-breaking $24 million CASH BACK loyalty reward to its members, the largest payout by any financial institution in Michigan. The largest individual payout was $18,000. Members adding Business Banking to their portfolios may be eligible to receive up to one-half percent (0.50%) CASH BACK on their average yearly business loans and deposit balances from the prior year.
About DFCU Financial
DFCU Financial issues to its clients the largest CASH BACK reward of all credit unions, with more than $181 million issued since 2006. A strong community partner, DFCU Financial continually reinvests in its membership with new branches and financial literacy education for all ages. DFCU Financial currently operates 25 full-service branches in Detroit, Ann Arbor, Grand Rapids and Lansing. For more information, call 888.336.2700 or visit dfcufinancial.com.