You may find out if you qualify by selecting the appropriate title below that best defines your business. Please note that the Credit Union is not able to offer business accounts to LLC’s or Corporations at this time.
Sole Proprietorship: an unincorporated business that is owned by one individual. The business has no existence apart from the owner. The liabilities are the owners personal liabilities which are the risks of the business for all assets owned whether used by the business or personally owned. All income and expenses of the business are included on the owner’s personal income tax return.
DBA: is a form of a fictitious business name that is filed for the sole purpose of opening bank accounts. You are officially declaring that you are conducting business operations using a different name than your own. This allows checks to be written out to this business and cashed by the individual owning the dba. This is done to separate your personal account from your business account.
Organizations: Entities that are established as non for profits. Such as any 501c group. Churches, Home Owners associations, Red Cross etc…
| Business Membership Shares |
| Minimum required |
$50 |
| Deposits |
Unlimited |
| Withdrawals |
6 per month free $5 for each withdrawal over 6 |
| Monthly Service Fee |
none |
| Fee if Balance Falls Below Minimum Balance |
$0 |
| Excess Debits and Credits |
$0 |
| Overdraft fee from Loan or Savings |
n/a |
| Dividends paid |
monthly |
| Basic Business Checking |
| Minimum required |
$100 |
| Deposits |
Up to 50 total debit and credit items per month |
| Withdrawals |
none |
| Monthly Service Fee |
none |
| Fee if Balance Falls Below Minimum Balance |
$10 |
| Excess Debits and Credits |
$0.30 over 50 items |
| Overdraft fee from Loan or Savings |
$0 |
| Dividends paid |
none |
| Business High Yield |
| Minimum required |
$2,500 |
| Deposits |
Unlimited |
| Withdrawals |
6 per month free $5 for each withdrawal over 6 |
| Monthly Service Fee |
none |
| Fee if Balance Falls Below Minimum Balance |
$10 |
| Excess Debits and Credits |
$0 |
| Overdraft fee from Loan or Savings |
n/a |
| Dividends paid |
tiered structure - monthly |
Contact NuVista @ 249-8813 or 888-261-7488