The $98 million credit union in Largo, Md., will offer savings, checking and money market accounts, certificates and investments, lines of credits, debit and credit cards, remote deposit capture, online banking, merchant card services, payroll services and insurance.
Money One FCU said it was also recently approved to become an SBA preferred lender. The agency delegates the final credit decision and most servicing and liquidation authority and responsibility to these selected lenders.
"Every day I hear from a small business owner that they seem to have fallen through the cracks at their financial institution," said Brad May, vice president of business banking. New products and services will help the CU expand its reach to the small business sector, he added.