Becu Business, also known as Boeing Employees Credit Union Business, is a financial institution that provides a range of business banking services to its members. As a credit union, Becu Business is owned and controlled by its members, who are primarily employees of Boeing and their families. With over $20 billion in assets, Becu Business is one of the largest credit unions in the United States, offering a wide range of financial products and services to businesses of all sizes.
Business Banking Services
Becu Business offers a comprehensive suite of business banking services, including checking and savings accounts, loans, credit cards, and treasury management services. The credit union’s business checking accounts, for example, offer features such as online banking, mobile deposit, and bill pay, making it easy for businesses to manage their finances. Becu Business also offers a range of loan products, including lines of credit, term loans, and commercial mortgages, to help businesses finance their operations and growth.
Business Loan Options
Becu Business offers a variety of business loan options to meet the diverse needs of its members. The credit union’s business loan products include:
- Lines of Credit: Becu Business offers lines of credit up to 500,000, which can be used to finance working capital, equipment purchases, or other business expenses.</li> <li><strong>Term Loans</strong>: The credit union offers term loans up to 1 million, with repayment terms ranging from 5 to 20 years.
- Commercial Mortgages: Becu Business offers commercial mortgages up to $5 million, with repayment terms ranging from 10 to 25 years.
| Loan Product | Maximum Amount | Repayment Term |
|---|---|---|
| Line of Credit | $500,000 | Revolver |
| Term Loan | $1,000,000 | 5-20 years |
| Commercial Mortgage | $5,000,000 | 10-25 years |
Key Points
- Becu Business offers a comprehensive suite of business banking services, including checking and savings accounts, loans, credit cards, and treasury management services.
- The credit union's business loan products include lines of credit, term loans, and commercial mortgages, with maximum amounts ranging from $500,000 to $5 million.
- Becu Business offers online banking, mobile deposit, and bill pay, making it easy for businesses to manage their finances.
- The credit union's business banking services are designed to meet the diverse needs of its members, who are primarily employees of Boeing and their families.
- Becu Business has over $20 billion in assets, making it one of the largest credit unions in the United States.
Treasury Management Services
Becu Business offers a range of treasury management services to help businesses manage their cash flow, investments, and risk. The credit union’s treasury management services include online banking, mobile deposit, and bill pay, as well as more advanced services such as cash management, investment management, and risk management. Becu Business also offers a range of payment processing services, including credit card processing, debit card processing, and electronic funds transfer (EFT) processing.
Cash Management
Becu Business’s cash management services are designed to help businesses manage their cash flow more efficiently. The credit union’s cash management services include:
- Online Banking: Becu Business offers online banking, which allows businesses to view their account balances, transfer funds, and pay bills online.
- Mobile Deposit: The credit union offers mobile deposit, which allows businesses to deposit checks remotely using their mobile device.
- Bill Pay: Becu Business offers bill pay, which allows businesses to pay their bills online or by phone.
What types of business loans does Becu Business offer?
+Becu Business offers a range of business loan products, including lines of credit, term loans, and commercial mortgages.
What are the benefits of using Becu Business's treasury management services?
+The benefits of using Becu Business's treasury management services include improved cash flow management, reduced risk, and increased efficiency.
How do I apply for a business loan with Becu Business?
+To apply for a business loan with Becu Business, you can visit the credit union's website, call the credit union's business banking department, or visit a branch in person.
In conclusion, Becu Business is a financial institution that offers a range of business banking services, including checking and savings accounts, loans, credit cards, and treasury management services. The credit union’s business loan products are designed to meet the diverse needs of its members, who are primarily employees of Boeing and their families. With over $20 billion in assets, Becu Business is one of the largest credit unions in the United States, and its business banking services are designed to help businesses manage their finances more efficiently.
