Business
The success of your business is important to us and that’s why we’ve created valuable banking solutions that are good for your business. We’re With You! Simply contact us today to begin taking advantage of checking accounts, credit cards and loans to help meet your company’s growing needs. Meet our Commercial Banking Team.
Paycheck Protection Program (PPP)
Scott Credit Union has teamed up with Kabbage/KServicing for your PPP funding request. Please click here for more information.
Business Checking
We have checking accounts built for businesses no matter how big or small. Find the business checking account that’s best suited for you at Scott Credit Union. Contact our Commercial Banking Department today by email at [email protected].
Plus, you can now get the exclusive St. Louis Blues debit card with your Business Checking account at Scott Credit Union.
Business Accounts
Account | How to Waive Monthly Fee | Monthly Fee | Monthly Transaction Threshold | Fee Per Transaction Over Threshold | Returned Deposit Item | Balance Threshold to Earn Interest | Interest Rates | Other Services |
---|---|---|---|---|---|---|---|---|
Business Essentials Checking | E-Statements | $5 | 2501 | $0.15 | $4.50 | N/A | N/A | Online access with unlimited bill pay |
Business Growth Checking | $25,000 minimum daily balance | $25 | 5001 | $0.15 | $4.50 | $0.01 | 0.75% APY2 | Online access with unlimited bill pay |
Business Money Market | $10,000 Minimum Daily Balance | $15 | Unlimited deposits; 6 withdraws per month | $10 per withdraw over 6 per month | $4.50 | $2,500 | Mirrors Consumer Money Market Rates | Online access with unlimited bill pay |
Special Business Accounts
Account | How to Waive Monthly Fee | Monthly Fee | Monthly Transaction Threshold | Fee Per Transaction Over Threshold | Returned Deposit Item | Balance Threshold to Earn Interest | Interest Rates | Other Services |
---|---|---|---|---|---|---|---|---|
Community Checking | N/A | $0 | N/A | N/A | $4.50 | $10,000 | 0.25% APY2 | Online access with unlimited bill pay |
Estate Checking | N/A | $0 | N/A | N/A | $4.50 | $10,000 | 0.25% APY2 | Online access with unlimited bill pay |
Get Started and Open a Business Account
Scott Credit Union wants to see you and your business succeed. Contact our Commercial Banking Department today by email at [email protected].
- Proof of Federal TAX ID number in the business name
- ID (Driver’s License of all authorized signers on the account
- Documents verifying information about the business and who is authorized to act on behalf of the business. These documents will vary depending on the business/organization type, see below.
- Illinois Business
- Assumed Name Certificate issued by the County where the Business is located
- Missouri Business
- Fictitious Name Filing issued by the Secretary of State of Missouri
- Illinois Business
- Assumed Name Certificate issued by the County, if applicable
- Partnership Agreement
- Missouri Business
- Fictious Name Filing issued by the Secretary of State of Missouri, if applicable
- Partnership Agreement
- Articles of Incorporation
- Corporate Bylaws
- Additional Items may be required per the Bylaws
- Articles of Organization
- Operating Agreement
- Additional Items may be required per the Operating Agreement
- Articles of Incorporation
- Corporate Bylaws
- Board Resolution
- 501(c)3 Paperwork
- Additional Items may be required per the Operating Agreement
- Letter on Organization’s Letterhead requesting Membership
- Organization Account Resolution (provided by the CU)
1Deposits count as 1 item, regardless of the number of items in a deposit.
2APY=Annual Percentage Yield.
Commercial Loans
Commercial Loans

We offer business loans to help you meet all of your company’s growing needs.
- Commercial Real Estate Loans
- Business Vehicle Loans
- Capital Improvement Loans
- Business Lines of Credit
- Equipment Loans
- Working Capital Lines
Features and Benefits:
- Competitive Loan Rates
- Low Fees
- Local Decisions
- Quick Response Times
Visa® Business Credit Card
Visa Business Credit Card
Scott Credit Union Visa Business Credit Cards now offer you a way to control expenses and meet the needs of your growing business. Get a business rewards credit card that lets you earn points on everyday purchases with no point limits and no redemption fees.
Our Visa Business Credit Cards offer the following features:
- Non-variable interest rates from 10.99% APR to 15.99% APR1
- No Annual Fee
- Low Balance Transfer Fee
- Rewards Program – Redeem points for gift cards, cash, and travel2
- Earn 1 point for every $1.00 in credit card purchases
- No additional cost for employee cards while earning points with their purchases
Scott Credit Union wants to see you and your business succeed. Contact our Commercial Banking Department today by email at [email protected].
1APR=Annual Percentage Rate. Rates based on certain credit-worthiness criteria.
2Please review account agreement for benefit details and conditions.
SBA Loans
When you have big dreams for your small business, we’re here for you!
At Scott Credit Union, we’re all about helping your business grow to its full potential. Ask us today about financing with as little as 10% down! We can provide financing with a competitive rate to small business for commercial real estate, equipment, and more.
What are SBA loans?
The U.S. Small Business Administration is a federal agency committed to furthering the growth and development of small businesses. One of the ways it does this is by guaranteeing loans to small businesses made through lending partners. The SBA does not make loans directly to small businesses. Rather, it sets the guidelines for loans, which are made by its lending partners. The SBA guarantees a percentage of loans, minimizing the risk to its lending partners and increasing the possibility that small businesses will receive the funds they need.
Types of SBA loans we offer:
- 504
- 7(a)
- Express Lines of Credit
Advantages of SBA loans:
- Up to 90% financing
- Terms up to 25 years
- Fixed and variable rate options
- No balloon payments
- Most for-profit small businesses are eligible
There’s an SBA loan for almost any business need.
- Commercial real estate purchases
- Business acquisition or expansion
- Equipment, inventory or working capital
- Debt refinancing
Scott Credit Union wants to see you and your business succeed. Contact Commercial Banking today for more information. Contact our Commercial Banking Department today by email at [email protected].