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.
