CU Business Group CEO Larry Middleman shares his advice on serving business members.
It may be hard to imagine but 55% of the nation’s 27 million small businesses do not accept credit cards, according to an Intuit Inc. GoPayment survey. Those denials can be costly – as much as $100 billion in sales each year, the data showed.
It’s been nearly two months since Paul Sheahan was hired to oversee the business lending department at Anheuser-Busch Employees’ Credit Union and its division, American Eagle Credit Union.
It’s been nearly two years since the passage of the Dodd-Frank Wall Street Reform Act, which for the first time since the Great Depression allows interest to be paid on business checking accounts.
While Sound Credit Union's business services program has been in place since July 2007, a litany of bank mergers and closures in the area has helped propel its business deposit portfolio over the last year.