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POWER OF FREE - BUSINESS MEMBERS
SFCU's basic business account has some amazing attributes.
It's a simple account that offers your business the "Power of Free".
SFCU makes business banking simple and frees your time & money
to grow your business. Stop in a branch today, or call to speak to
a representative to find out more.
SMART BUSINESS SOLUTIONS
Economical Business Deposit & Loan Services
If you're looking for an alternative source for your business management support, look to SFCU. We can provide you with affordable financial services, quality and the personal touch that we bring to all our member relationships.
- Free monthly account maintenance
- No minimum checking account balance
- Free phone account access
- Free online acount access & bill payment
- Up to $40 off first order of checks
- Free business VISA Check Card
- No per transaction fee... and more!
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MERCHANT SERVICES - When It Comes To Payment Options, You Hold The Cards
To stay ahead in today's dynamic market place, you need high quality support from your credit card provider. By adhering to your high standards, Merchant Services has become one of the most dependable and reliable payment processors in the nation. By providing access to high performance products and services offering the latest in technology and support. Merchant Services can help increase customer satisfaction, and ultimately, revenue. For more information please call 1-877-535-5353.
 BUSINESS DEPOSIT PRODUCTS
Dividend Bearing Savings Account
Establish a regular Share Savings Account and receive the same dividend yield as regular personal accounts. A low minimum balance of just $5 gives you access to a host of other financial products and services.
Economical Business Checking Accounts
We offer two types of Business Checking Accounts. Neither one has a required minimum balance nor a minimum initial deposit. Also, ATM/Debit card access is available with both accounts. And, automatic overdraft protection is provided from savings on both.
Basic Business Checking Accounts
Unlimited check writing, no monthly fees, and no per check fees. And, up to a $40 credit towards your 1st order of checks!
Deluxe Business Checking Accounts
Clear up to 75 checks per month at no charge and pay just .20 per item in excess. Interest is calculated on a daily basis when a $5,000 balance is maintained. There is a monthly service charge of $15. Suffolk FCU will give you up to a $40 credit towards your 1st order of checks.
Insured Money Market Accounts
Earn market rate returns on excess funds while having the liquidity to access them when necessary.
Insured Certificates
Terms of six months to five years are available on SFCU Insured Business Certificates, giving you flexibility in structuring your business investments. Dividends are paid on these accounts at the same rates offered on personal accounts. All investment account transactions appear in one consolidated statement that is provided at the end of each month.
SBA LOANS NOW AVAILABLE FOR SMALL BUSINESSES
SFCU is proud to announce that it has been approved to participate in the U.S. Small Business Administration loan guarantee program. With this new program, SFCU will be able to help borrowers establish new businesses or to assist in the operation, acquisition, or expansion of an existing business. The SBA loan guarantee program can be utilized to provide for such items as:
- Purchase Equipment
- Refinance existing business loans which are not structured with reasonable terms & conditions
- Purchase an existing business
- Short term working capital such as seasonal financing or contract performance
- Long term working capital such as purchase of inventory
- Repayment ability from the cash flow of the business is a primary consideration in the SBA loan decision process but good character, management capability, collateral, and owner's equity contributions are also important considerations.
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Call Suffolk FCU's Business Loan Director:
Joseph Ancona
Director of Commercial Lending
Suffolk Federal Credit Union
631.924.8000 x8783
BUSINESS LOAN PRODUCTS
Line of Credit
Maintain liquidity for your operation and growth. Establish a line of credit and access your funds conveniently through MTS (Member Telephone Service) and Online Banking.
Fixed Term Loans
Structured with rates, terms and conditions modified to meet your exact requirements. Borrow up to $1 million for a term of up to 7 years and have payments automatically deducted from your choice of investment accounts.
Commercial Mortgages
Whether its for new construction, purchasing a building, acquiring investment property, or refinancing an existing building, we can help you with flexible terms, convenient payment methods, extremely competitive rates, and fast turn-around. A full range of real estate loans are available.
Internet Banking
Get a look at your accounts right on your computer screen by using our Online Banking service. You can also arrange for payment of bills, 24 hours a day. This service is free!
VISA Debit Card
This product is a combination of an ATM card and a VISA merchant tool. All purchases made with this card are charged to your SFCU Checking Account, not charged to a line of credit like a credit card. The card and service are free!
Joseph Ancona
Director of Commercial Lending
Suffolk Federal Credit Union
631.924.8000 x8783
ELECTRONICALLY PAYING BILLS
SFCU members have the benefit of electronically paying taxes for their business accounts. It's fast and easy and can be conducted from home or office using the phone or computer.
Federal Tax Deposits / Payments
Using Electronic Federal Tax Payment System (EFTPS), tax deposits can be transferred directly from your credit union account to the US Treasury. Members can process payments 24/7 and up to 30 days before the deposit is due. Funds are transferred from your account directly to the US Treasury on the date you specify.
NYS Tax Deposits / Payments
Members also have the ability of paying any NY State taxes electronically. Once registration forms are submitted, allow 4 to 6 weeks before submitting deposits/payments for electronic debits. To register you must call the PrompTax Customer Service Center at 800-338-0054.
When registering for these services, please note the following information is required:
SFCU Routing #: 221481181
Member Number: Example: 123450 (Use only your member number)
Make Your Company's Tax Deposits / Payments...
To process Federal Tax Deposits/Payments you will need an EIN (Employee Identification Number)
Click here to apply for your EIN or call 800-829-4933.
If you already have an EIN, click here to register online for EFTPS.  
If you already have a registered Access Code & Password, you may follow these instructions:
Visit NYS Tax & Finance
Below Business Tax, click PrompTax eServices, then Web Filing.
TELEPHONE SERVICES
Member Telephone Service (MTS) This service is free!
MTS is an audio response system that enables you to access your accounts by telephone 24/7. You can transfer funds between accounts, make payments on your SFCU loans, inquire about checks paid (you could reconcile your Checking Account daily) and get balances on your investment and loan accounts.
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