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Business
MembershipBuilding Your Business, Together
We know that as a business owner, you need banking that’s convenient, not complicated. That’s why we’re here to give you the tools you need for your business to thrive, like competitive rates, fewer fees, personal service and financing with favorable terms. It’s business banking that saves you money and works for you. When was the last time a business decision was this easy?
To open a Business Account, stop by a Grow store near you or contact our dedicated Business Solutions team today.
Why Choose a Credit Union for Small Business Banking?
As a not-for-profit financial cooperative, we work for the benefit of our members, not the pocketbooks of corporate stockholders. What difference does that make? Every day, our members are at the heart of what we do, and member service is what we’re all about. We are:
- Owned by our members
- Focused on relationships and service
- Involved in the local community
- Saving our members money
- Insured by the NCUA
What does that mean for you? You’ll get better rates on savings and loans, pay fewer fees and enjoy personal service. At one of the big banks, you might never talk to the same person twice or get shuffled around a corporate call center, explaining your situation again and again to different people. Not here. When you’re a business member at Grow, you’ll be connected to our Business Solutions team. They’ll get to know you and serve as your dedicated point of contact to answer your questions, help when you need a loan and walk you through the process each step of the way. That’s what we mean when we say that we make banking personal. Meet our Commercial Loan Officers.
What Our Members Are Saying
“Everyone we dealt with was quick to assist us: questions answered, forms delivered, emails sent immediately and follow up to make sure all was well. A positive and professional experience!”
“Grow has handled my business account for over 10 years now. I have always been very satisfied with their services.”
“The entire Grow team was terrific in handling my PPP loan application. I was so impressed I moved my previous business account over to Grow and am primarily doing all business transactions with Grow.”
Opening a Business Account
We’ll need some information about you and your business when you’re ready to open an account. We know that gathering paperwork is no one’s favorite pastime, so we do our best to make it simple. Select your state below for a list of what you need.
You can also view the Business Account Agreement.
Based in Florida? Here’s What We Need
Depending on the type of business or association you run in Florida, there are a few things you’ll need to show us when you apply — actually, it’s kind of a legal thing.
Sole proprietorship without a fictitious Name
- SSN and driver’s license for all signers
Sole proprietorship with a fictitious Name
- SSN and driver’s license for all signers
- Fictitious name filing with Sunbiz
- IRS SS-4 letter (if using EIN)
Partnership
- SSN and driver’s license for all signers and beneficial owners
- Business registered and active with Sunbiz
- Partnership Agreement/meeting minutes if signer is not listed as an officer on Sunbiz
- IRS SS-4 letter
Not-for-profit (organizations/associations)
- SSN and driver’s license for all signers
- Copy of meeting minutes listing officers
- IRS SS-4 letter
Corporation (S-Corp, C-Corp, LLC)
- SSN and driver’s license for all signers and beneficial owners
- Business registered and active with Sunbiz
- Articles of Organization/Incorporation or meeting minutes if signer is not listed as an officer on Sunbiz
- IRS SS-4 letter
Based in South Carolina? Here’s What We Need
Depending on the type of business or association you run in South Carolina, there are a few things you’ll need to show us when you apply. Yes, it’s a legal thing.
Sole proprietorship without a fictitious name
- SSN and driver’s license for all signers
Sole proprietorship with a fictitious name
- SSN and driver’s license for all signers
- Copy of Business License
- IRS SS-4 letter (if using EIN)
Partnership
- SSN and driver’s license for all signers and beneficial owners
- Copy of Business License
- Partnership Agreement listing officers
- IRS SS-4 letter
Not-for-profit (organizations/associations)
- SSN and driver’s license for all signers
- Copy of meeting minutes listing officers
- IRS SS-4 letter
Corporation (S-Corp, C-Corp, LLC)
- SSN and driver’s license for all signers and beneficial owners
- Business registered and active with SC Secretary of State
- Articles of Organization/Incorporation or meeting minutes if signer is not listed as an officer on SC Secretary of State
- IRS SS-4 letter
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What does this mean for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
How to Find Your Routing & Account Numbers
When you make a payment online, by phone or on a mobile device, you may be asked for our routing number and your checking account number. Credit unions and banks use these numbers to identify accounts and make sure money gets where it’s supposed to be. You’ll also need to provide your routing and checking account numbers for:
- Direct deposits
- Electronic checks
- Military allotments
- Wire transfers
Where to Find Your Routing & Checking Account Numbers
Your personal checks include both our routing number and your account number, as shown on the Grow check example below.
Don’t have a Grow check? No worries.
Visit any Grow store and ask for a Direct Deposit Form. It lists both your routing number and checking account number.
Making a Loan Payment
When it comes to making payments, we try to make it as painless as possible to pay your loan every month. We have several different ways to pay, including convenient online options.
Pay Online
You have two ways to pay online by transferring funds from another bank or credit union.
- Grow Online Banking (Preferred payment method for any loan)
This is the simplest way to pay your loan. You can make one-time payments or set up automatic recurring payments in Grow Online Banking. Once you log in, select “Transfer/Payments” from the menu. If you’re not enrolled in Grow Online Banking yet, you can set up your account in just a few minutes.
Log In
- Debit Card or ACH (Available for auto, personal loans and HELOCs)
Note: ACH and debit card payments are not available for credit cards or most mortgages, except HELOCs.
We accept ACH payments with no additional fees or Mastercard® and Visa® debit cards with a convenience fee of $4.95. To get started with an online ACH or debit card payment, select Pay Now below.
Pay Now
Pay by Mail
You can also pay any Grow loan by check through the mail. Please remember to include your account number and Grow loan number on the check. (For credit card payments, please do not write your 16-digit credit card number on the check, which can cause a delay in processing the payment.)
Address for auto, credit card, personal loan and HELOC payments:
Grow Financial Federal Credit Union
P.O. Box 75466
Chicago, IL 60675-5466Address for personal first or second mortgages and home equity payments:
Grow Financial Federal Credit Union
P.O. Box 11733
Newark, NJ 07101-4733You Are About To Leave GrowFinancial.org
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