services for your business - alaska usa federal credit union › ... ›...

SERVICES FOR YOUR BUSINESS

Service, Value, and Convenience

It makes great business sense!

At Alaska USA, you’re not just a customer, you’re a member

and an owner. That means your business gets excellent

service, real value, and the convenience you need!

Take a look and you’ll find that Alaska USA has everything

your business needs, all in one place, making it the ideal

choice to be your single-source financial services provider.

1 Alaska USA Business & Commercial Services

To learn more about Business Checking

• Visit any branch

• Go to alaskausa.org

• Call 800-525-9094 available 24/7

Start with the basics – checking made better.

Checking plus dividends!With $1,000 or more on deposit, your account will earn monthly dividends. And the more you have in your account, the higher the dividend you will receive.

Pay less in account fees.

• Low monthly maintenance fee.

• Low checking activity fees – the first 100 checks are free.

• Low deposit adjustment, returned item, and cash service fees.

Open an insured investment account and watch your money grow.

• Certificate accounts – earn guaranteed dividends on your funds easily and conveniently.

• Money market accounts – tiered dividend rates in Super and Jumbo accounts allow for optimum earning potential.

Maximize your flexibility with a free Alaska USA Business Visa® Debit Card.

Purchases and transactions are simple.

• Make online purchases.

• Transfer funds to and from your checking account at any ATM.

• Use it for business trips.

• Keep track of your purchases with online transaction details.

Your employees can have cards, too.

Any employee who is an authorized signer on the account can get a debit card.

Minimize your fees!

• Alaska USA does not charge any fees when you use your card for a purchase.

• It’s surcharge-free when you use your card at any of the 55,000+ Alaska USA or Allpoint ATMs worldwide.

2Alaska USA Business & Commercial Services

To apply for the Alaska USA Business Visa Debit Card


• Download an application at alaskausa.org

• Mail in the application or drop it off at any branch

Online Account Access

With online account access for business, you choose the tools you need to manage all aspects of your business finances online.

• Payroll processing with ACH – Streamline your payroll by scheduling direct deposits for employee paychecks.

• Wires – Make electronic transfers to other U.S. financial institutions over the Fedwire® system.

• Entitlements – Customize access and share the workload. You can authorize access for other users, like a payroll processor or bookkeeper, and allow them varying levels of access.

• Tax payments using ACH – Access forms you need to make online payments to the IRS. Manage withholdings, schedule payments, and view reports.

• Consolidated login – Access multiple accounts with one easy login.

• Bill Pay – Schedule and pay bills from anywhere.

• More – Check balances, download checks at the end of each month and keep track of cancelled ones as they clear, reorder business checks, and transfer funds.

It’s easy to get started.

When you sign up for Online Account Access, you’ll receive a Personal Access Code (PAC), a Getting Started Guide, and be on your way.

Cash management just got easier.

Sign up for Bill Pay

Online Account Access offers businesses the flexible and convenient option of paying bills online. Checks can be prepared by a designated user, but they aren’t sent without the proper authorization.

Resources

The Getting Started Guide is a great resource for Online Account Access. In-depth help is available online, or you can call the Member Service Center.


To sign up for, or learn more about, Online Account Access



• Call 800-525-9094 available 24/7

In addition to streamlining your business operations, Remote Business Deposit offers:

• Added convenience of depositing checks on your schedule and from virtualy any place.

• Reduced trips to a branch and lower transportation costs.

• Ability to deposit into multiple accounts, under separate deposits.

• Online access to images, deposits, and customizable reports for 24 months.

• Ability to set up multi-level user permissions in order to delegate financial tasks.

Maximize the efficiency of your business operations.

Processing schedule: Deposits made before 5 pm Monday through Friday will be processed the same day. Any deposit made after 5 pm, or on weekends and holidays, will be processed the following business day. Any transaction that does not meet the criteria required by the Remote Business Deposit service will prompt a Member Business Specialist to contact your business to review and verify the deposit.

User support: In addition to a comprehensive user’s guide, a Member Business Specialist will be happy to assist you any time with questions and provide technical support. Just call Business and Commercial Services at 877-646-6670.

Remote Business Deposit

Remote Business Deposit provides eligible business members the ability to make check deposits at their convenience through a personal computer and scanning device, or a mobile device and the Alaska USA app. Checks are tallied and scanned, converted to electronic items, and transmitted to Alaska USA for review and credit to the account.

Make check deposits from anywhere.


Benefits for everyone

Retain employees. Give additional benefits. It’s easy.

Offer your employees a package of exclusive discounts when you process your payroll through UltraBranch Business Edition. When your employees have direct deposit into an Alaska USA checking account, they can take advantage of all the benefits of an Alaska USA checking account and...

• no annual fee on an Alaska USA Platinum Credit Card, when the cardholder has an Alaska USA account,

• great rates on consumer and mortgage loans,

• optional free coverage for accidental death and dismemberment ($2,000) and life insurance ($1,000),

• and more!

No need to sign up. As long as your business meets the requirements, your eligible employees will receive these benefits automatically.

Make your business more competitive with convenient credit card processing.

Convenient credit card processing is a big part of customer service. It needs to be reliable, accurate, and secure. Alaska USA will help you obtain credit and debit card processing services through Cornerstone Credit Services.

Cornerstone provides installation, training, 24-hour telephone support, and quick turnarounds on replacement equipment.

A business account benefits you, your employees, and your customers!

Give your customers more payment options by accepting Visa, MasterCard®, American Express®, and Discover® cards.


To learn more about credit card processing


• Call 800-525-9094 available 24/7

Business financingWhether it’s a loan, line of credit, or letter of credit, Alaska USA has options to finance your business needs.

The lending process.

The following information will be taken into account as Alaska USA matches your business with the right type of financing:

• Credit history of the borrower.

• Cash flow history and projections for the business.

• Collateral that is available to secure the loan.

• Credit application that includes business and personal financial statements.

• Income tax returns and a business plan.

Type of financing Used for Secured by Unsecured

available

Amount of financing available

Business LoanReal estate, inventory

and equipment, working capital needs

Real estate, business assets, savings/certificates

Yes $2,500 to $250,000

Business Line of Credit

Short-term working capital needs


Yes $2,500 to $250,000

Commercial LoanReal estate, inventory


Real estate, business assets, or savings/certificates

No Over $250,000

Commercial Line of Credit

Short-term working capital needs


No Over $250,000

Letter of Credit Guarantee vendor that vendor will get paid


No Over $2,500

SBA LoanReal estate, inventory



Yes $25,000 to $2,000,000

USDA Loan Real estate, inventory and equipment


No$5,000 to

$10 million


Line of credit.

A line of credit allows you to draw as much money as you need up to your credit limit – instantly!

Give yourself peace of mind; use your line of credit for overdraft protection.

Letter of credit.

A letter of credit from Alaska USA offers protection.

• The vendor is paid only when the specific terms and conditions stipulated in the letter are fulfilled.

• You don’t need to provide up cash up front.

• It allows you to negotiate for better terms and prices.

Easy payment options

Use your Alaska USA account to conveniently make your loan payment with autopay.

Rates and fees

Alaska USA offers competitive rates, which vary depending on the type of financing. Fees may include commitment fees, annual fees, late charges, overdraft protection advances, and third-party fees.


To learn more about, or apply for, a business loan


• Go to alaskausa.org and download an application

• Call the Member Service Center 24/7 at 800-525-9044

Q: Can any business become a member of Alaska USA?

A: Yes. It’s easy to qualify. Alaska USA serves thousands of member businesses located in Alaska, Arizona, California, and Washington. Businesses members can take advantage of a full array of services including business checking, lending, and depository services. Some services, like insurance, don’t even require membership.

Q: What types of fees are there on an Alaska USA business checking account?

A: Types of fees include monthly maintenance fees, check activity fees, and cash and currency fees. The fees on an Alaska USA business checking account are generally lower than banks with similar types of fees. For more details on the fees, please visit alaskausa.org or call the Member Service Center 24/7 at 800-525-9094.

Q: How do I reorder checks for my business?

A: The initial order can be done in any branch. To reorder, contact your check provider.

Q: Is overdraft protection available on a business checking account?

A: Yes, you may set up overdraft protection from an Alaska USA savings or money market account, or a business line of credit.

Q: What are the rates on business loans?

A: Alaska USA offers very competitive business loan rates, as well as minimal fees. For current rates, visit alaskausa.org or call Business and Commercial Services at 877-646-6670, Monday–Friday from 9:00 a.m. to 5:00 p.m. AKST. Alaska USA takes several factors into consideration (i.e., cash flow, collateral, and credit history) when pricing each business loan.

Q: Does Alaska USA have a special account for nonprofits?

A: No. But nonprofit organizations, corporations, and associations using an Alaska USA business checking account that have the IRS exempt status under 501(c) of the Internal Revenue Code will automatically have the $5 monthly maintenance fee waived, even if the account balance falls below $1,000 in a calendar month.

Frequently asked questions

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.



Notes

AKUSA 02813 B R 11/17 - AZ CA WA

Contact information Alaska USA Member Service 800-525-9094 or 907-563-4567 TTY/Hearing Impaired: 800-742-7084 Available 24 hours a day, 7 days a week alaskausa.org

Business & Commercial Services Arizona 844-563-0255 or 602-338-5821 alaskausa.org/biz

California 888-722-8923 or 760-810-7449 alaskausa.org/biz

Washington 855-869-9639 or 206-239-3706 alaskausa.org/biz

Branch Locations 800-525-9094 or 907-563-4567 alaskausa.org/branches

Write us P.O. Box 196615, Anchorage, AK 99519-6615

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