Start and Grow Your Business with GHS
GHS Federal Credit Union has your business covered with convenient checking, savings, and lending options, plus payment processing solutions for any business size.
Your business and GHS Federal Credit Union share the common goal of investing in our great community - that is why we believe we are the best fit for your business banking needs. For over 80 years - and counting, GHS Federal Credit Union has played a key role in keeping our local economy vibrant and thriving.
As an SBA participating lender, we work with all business sizes to provide you with the tools you need to succeed. Learn about the perks and products GHS has to offer your business and contact your local business partner to get started today!
Contact your business lenderBusiness Accounts
GHS is your business’ all-inclusive financial partner. Choose the account option that works for your business. Each product is designed to help our business members grow their businesses without extra fees.
Business Checking
Whatever your business, no matter the size, GHS provides you with convenient, flexible checking options to help you manage your finances easily and economically. Choose from our Absolutely Free Account with no minimum balance or fees or our Premier Yield Business Checking to earn dividends on your funds. All GHS checking account options offer the same great benefits, such as:
Online/Mobile Banking featuring Bill Pay and eDeposits
FREE debit card, FREE guest WIFI, and UNLIMITED check writing
24-hour FREE ATMs and night drop convenience at our locations in Binghamton, NY, and Norwich, NY
Overdraft protection and identity theft protection
FREE monthly e-Statements to make balancing your books a breeze
And more
Contact UsBusiness Money Market Plus
Grow your funds faster with a Business Money Market Plus Account. Maximize your savings with competitive monthly dividends on your account while maintaining access to your money when you need it.
View our RatesBusiness Lending
GHS Federal Credit Union understands that as your business grows, your needs may change. With lending choices to meet your needs and in-house decision-making and support, you can be confident that GHS will help you get the funding you need fast and at competitive, low rates.
Learn about our lending options or see your business partner today to choose the option that is best for your business. The information is listed below.
Personalized Qualifying
Quick Funding
Customized Solutions
SBA Participating Lender
Business Credit Card
The GHS Business Visa Platinum Credit Card eases the management of your business finances. This card is available to you with a Business Savings and/or Checking Account. Advantages of the Business Visa Platinum Card include:
Rates as low as 7.90% APR*
No Annual Fee
e-Statements
Online Payment Options
FREE ATMs nationwide
*Visa rates may vary depending on creditworthiness and underwriting factors. Rates and terms are subject to change.Contact Your Business Lender
Business Term Loans
Business Expansion or Acquisition
Equipment Purchases or Vehicle Purchases
Permanent Working Capital
Contact Your Business LenderBusiness Lines of Credit
With our Lines of Credit, you can create access to funds that are there to support your business when you need them (supplies, equipment, cover cash flow & payroll needs, and more).
Short-Term Working Capital
Inventory Purchases
Meet Seasonal Needs
Contact your business lenderCommercial Mortgage
Investment Properties
Owner-Occupied Commercial Building
Term Up to 15 Years
No Commitment Fee
No Prepayment Penalty
Refinance, Purchase, or Renovate Property
Contact your business lender
Equipment Lines of Credit
Purchase Equipment or Vehicles
Simplified Funding
Effective Way to Manage Capital Expenditures
Contact your business lenderMerchant Services From Paysafe
Your customers may prefer a wide range of payment methods. We can provide the technology to keep up.
GHS FCU has partnered with Paysafe to provide our business partners with the industry’s premier merchant services provider. Paysafe customizes terminal, gateway, and POS solutions to meet the needs of ALL business sizes, enabling merchants to accept payments the way customers want to pay. With over 20 years of experience, Paysafe puts your business and your customers first with personalized support and training 24/7/365 from a team of merchant professionals.
With Paysafe, your business will have payment acceptance wherever your customers are:
Card Present
eCommerce
Mobile
Virtual Terminal
Omni-Channel
GET STARTED TODAY!
Meet your business partner!
Maire Lowery, Director of Business Development, is your local partner in making your business successful. GHS cares about your business as much as you do - let us prove it!
mlowery@ghsfcu.com
(607) 472-2899
Business Accounts FAQ
How do I know if I'm eligible to open a business account?
Whether you own a business or a non-profit, we can provide you with business banking products and services if you live, work, worship, attend school, or volunteer in Chenango, Tioga, or Broome County.
We're here to help you optimize your daily operations – without the burden of expensive fees.
Do I need to pay a fee to use GHS business services?
There's no fee to access our business services. You simply need to make a $1 opening deposit into your chosen account. This is the first step to becoming a member of the credit union.
After you've opened your initial account, you may need to pay a one-time or monthly fee, depending on which business products you choose to use. Some products, like our FREE Business Checking Account, do not have any application or recurring fees.
Should I choose a business term loan or business line of credit?
Our business lending options are best used for these purposes:
- Choose an installment loan if you need cash upfront to expand or improve your business, to purchase equipment, or if you need funds for working permanent capital.
- Choose a line of credit for short-term funding such as pending accounts receivable, payroll, or to purchase inventory and supplies.
Which payment processing methods can GHS accommodate?
Thanks to our partnership with Paysafe, we have solutions to cover:
- Transactions when the card is present
- eCommerce solutions to accept online shopping payments
- Mobile payment methods like Digital Wallet
- Virtual terminals
- Mobile, wireless, or PC-integrated terminals
- Omni-Channel solutions for a seamless experience
- Credit card processing for Visa®, Mastercard®, Discover® Network, American Express®, Diners Club® and JCB®
- PIN and signature-based debit cards
- Gift cards to bring in new customers
★★★★★
"I have worked with Maire on a number of occasions, and [she] is always responsive and helpful throughout the application process. She is easy to work with, knowledgeable, and explains things in detail. GHS wasn’t institutionalized like other banks and credit unions."
– Jay V., owner of Vandermark Paving, LLC
“Maire goes above and beyond to make sure all the details are complete. Our small business survived COVID, and she was a powerful denominator!”
— Mike M.
“Maire and the GHS FCU team have been amazing to work with over the last few years. Whether it’s a phone call or an email, her quick response with the correct answer is always appreciated. Maire and the entire team at GHS have the knowledge and expertise to help any person or business owner with any banking needs one may have. GHS is a wonderful entity to bank at, where the people actually know the customer’s name and go above and beyond to make sure all their banking needs are met. I would highly recommend GHS FCU to anyone who is looking for the personalized banking experience that our grandparents used to talk about with such reverence.”
— Matthew C., owner of Conlon Associates