business owner looking at computer

Business accounts & loans

Running a business takes focus. Your banking should support that, not slow you down. At HealthCare Associates Credit Union, we offer flexible business checking, savings and lending solutions to help you manage today and plan for what’s next.

Your business banking journey

From day-to-day operations to long-term growth, we’re here to support every stage of your business.

01

Start with your needs

02

Chat with the Care Team

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Choose the right
solutions

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Open your account

Chat with the Care Team

Business banking options

Business checking

A straightforward way to manage your day-to-day cash flow. Our Business Checking account gives you the flexibility to handle transactions, pay expenses and keep operations running smoothly, all with convenient access and tools that make managing your money simple.

Chat with the Care Team

 

Perks of an HACU business checking account:

Business savings

Build reserves and earn more on your balances with savings options that work for your business. Whether you’re planning ahead or setting aside extra funds, you’ll have flexible ways to grow your money while keeping it accessible when you need it.

Chat with the Care Team

 

HACU business savings options:

  • Basic savings accounts
  • Money market accounts offer higher earning potential
  • Tiered rates are available for higher balances
  • Certificate options are available starting at $500 for longer-term savings

Business credit cards

A credit card should be simple, flexible and built around your everyday needs. With competitive rates and helpful features, our credit cards make it easy to manage purchases, earn rewards and stay in control.

Chat with the Care Team

 

Perks of HACU business credit cards:

  • No annual fee
  • Reward points* with every purchase
  • Low fixed rate
  • No fees for cash advances or balance transfers
  • Access accounts anytime, anywhere with online and mobile banking

Business loans

Through our partnership with Cooperative Business Services, you’ll have access to lending options designed for small businesses, practices and professionals, along with guidance to help you choose the right path forward.

Whether you’re managing cash flow, expanding your space or investing in new equipment, we’re here to help you move forward with confidence.

Chat with the Care Team

 

HACU business loan options:

  • Commercial mortgages for investment properties
  • Term loans to acquire a business or buy out a partner
  • Equipment financing for purchases and upgrades
  • Working capital loans for short-term needs
  • Financing for commercial real estate acquisition, construction and renovations

What others are saying

View All Testimonials ❯
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Gaby went above and beyond helping me open my new account. She pointed out banking options I didn’t even know I needed and was so patient the whole time. Her knowledge is incredible, and she made everything easy to understand. Thank you so much, Gaby — I couldn’t have done it without you!

Lenore

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Jennifer went above and beyond helping me. She even followed up with me with a call back, explaining more saving options. Great service!

Kenny

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Gaby went above and beyond in helping me open a new account. She guided me through banking needs I didn’t even know about and was incredibly patient throughout the process. Her knowledge is truly impressive. Thank you so much, Gaby. I couldn’t have done it without you!

Lenore W.

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Bri was very helpful with our recent transaction. She was very kind. She is one of the reasons we continue to bank with HACU.

Jeffery L.

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I am a proud member and wouldn’t go anywhere else. As a longtime member, HACU has never disappointed me. I’m also glad that services can be done online— it’s a definite win!

Pamela S.

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Gwyn was so helpful and had all the answers! I’m getting a large pension check and had a lot of questions about things like money markets and rates. She made everything easy to understand and was super personable—even sharing her direct email at HACU to make things simple.

Kathleen G.

Business banking FAQs

Who is eligible to open a business account?

Business accounts are available to members with a business registered in the state of Illinois.

What types of business accounts do you offer?

We offer a range of solutions to support your business at every stage, including business checking and savings accounts, as well as financing options like lines of credit, equipment and term loans, and commercial real estate loans.

What documentation is required to open a business account?

Documentation varies based on your business structure. For a full list of requirements, please refer to our website or connect with a member of our Care Team—we’re happy to help guide you through it.

Do you offer business loans and lines of credit?

We offer business loans to help support your growth. Lines of credit are available through a partnership with Cooperative Business Services and are structured similarly to construction loans, with funds disbursed as needed.

Are merchant services available?

No, we do not currently offer merchant services.

Can I manage my business accounts online?

Yes. You can manage your business accounts through online banking, just like your personal accounts.

Are there transaction limits or monthly fees?

No, we do not charge monthly fees as long as you maintain a minimum balance of $1,000 in your checking account, $100 in your savings account or $2,000 in your money market account. We also do not enforce transaction limits on our business accounts.

Do you offer business credit cards?

Yes, we offer business credit cards to help you manage expenses and keep your operations running smoothly.

How do you support small and local businesses?

Supporting local businesses is part of our commitment to community well-being. We provide accessible financial solutions, personalized service and resources to help your business succeed.

Are business deposits insured?

Yes. Your deposits are insured up to $500,000. The first $250,000 is federally insured through the National Credit Union Administration (NCUA). An additional $250,000 is insured through Excess Share Insurance (ESI), a subsidiary of American Share Insurance, the nation’s largest private deposit insurer for credit unions.

Ready to get started?

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