Business Accounts. Sole Proprietorship Partnership LLC C-Corp S-Corp Association* If incorporated, must be incorporated in the State of Florida.

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2 Business Accounts Florida Telco Credit Union is proud to offer our members Business Accounts. This Business Account package is designed to give you a brief insight on what Florida Telco has to offer you. Detailed account and service descriptions and conditions are stated in the Welcome Package given with new accounts, available at any Florida Telco branch or by visiting us online at www. floridatelco.org. $5.00 to open a Business Account Occupational or Professional License Picture Identification Federal Tax Identification Number (TIN) Employer ID Number (EIN) if business has employees Fictitious Name Certificate (If applicable) Partnership Agreement designating names of all partners Filed Articles of Incorporation Corporate Resolution Being a member of Florida Telco Credit Union offers you many NO- COST services and lifetime benefits. We are glad to be able to extend these membership benefits for your business needs. Simply stop by any of the ten conveniently located Florida Telco branches to open your Business Account and/or Checking Account today. Please remember to bring the following information and forms in order for us to efficiently process your new Business Account: Sole Proprietorship Partnership LLC C-Corp S-Corp Association* If incorporated, must be incorporated in the State of Florida. *Associations must also include a copy of the organization s minutes of their meetings. Florida Telco will also require you and other Authorized Signers to sign a Business Resolution Form and New Account Signature card(s). 1

3 Checking Accounts Once you open a Florida Telco Business Savings Account, you can then open a Business Checking Account that provides these wonderful benefits: No per check charge (unlimited check writing) No minimum balance required to open account Visa Debit Card Free Internet Banking with Private PC Online bill paying with BillPayer Free estatements Free Audio Response Telephone banking with Private Line Up to 100 Deposit Items per month free There are more than 73,000 Surcharge-free ATMs worldwide: *Fee Schedule: Up to 100 Deposit Items Per Month No Charge $ $ $ $60 NO FEES! Florida Telco offers surcharge-free ATMs nationwide and Visa Debit cards to approved Business Account owners. Our surcharge-free ATM networks include CU-24, Co-Op, Visa, Interlink and Plus. ATM LOCATOR brochures are available online and at all branch locations and on the web at > Other Services > ATMs 2

4 Deposit Services Term Share Certificates (CD s) Highly competitive yields with dividends compounded and paid monthly Low minimum deposit requirements Flexible terms ranging from 3 to 60 months Automatic renewals Tiered certificates have yields for higher balances and the security of NCUA insurance. Visit our website at and click on Deposit Accounts for current rates and yields on saving and certificates. Money Market Highly competitive yields with dividends compounded and paid monthly based on the daily account balance for the month. Transfer excess funds into the Money Market account, in person, online through Private PC, or via Private Line to earn a higher dividend rate as soon as you make the transfer. Visit and click on Deposit Accounts for current rates and yields on our Money Market accounts. 3

5 Business Lending Florida Telco offers a variety of flexible credit solutions for qualified* business members. The following list is certainly not all-inclusive, but represents the most common loan types. Commercial Mortgage Loans A Commercial Mortgage Loan is used for the purchase or refinance of commercial property. We offer financing up to $1,000,000 at terms up to 360 months on property that is owner occupied. Other options are also available for non-owner occupied commercial properties. The interest rate may be fixed or variable as determined by market conditions and Florida Telco Credit Union. Other fees, conditions and restrictions may apply. Term Business Loans A Term Business Loan is used for legitimate business purposes such as purchase of capital assets (i.e. equipment, etc.), remodeling or expansion. Financing is available up to $500,000. The interest rate may be fixed or variable as determined by market conditions and Florida Telco Credit Union. Other fees, conditions and restrictions may apply. Lines of Credit A Line of Credit Loan may be used for any general business purpose. The interest rate is variable and is determined by market conditions and Florida Telco Credit Union. Other fees, conditions and restrictions may apply. 4

6 A Variety of Solutions Particular to Business Needs Visa Credit Card Manage your business expenses, save money and grow your business with a Visa Credit Card from Florida Telco. There is no application or annual fee and you can access your credit card information, view account activity and pay your bill online. Cash is conveniently accessible via Florida Telco branches, 675,000+ ATMs, and other financial institutions world-wide. Vehicle Loans Florida Telco has a unique business vehicle lending program for requests up to $50,000 in aggregate loan balances. Processing and loan issuance are generally faster than on a standard term loan. There is no loan fee, and the interest rate will match that of a comparable consumer vehicle loan (using the guarantor's credit as the point of reference for pricing). Business vehicle loans are available for aggregate loan balances over $50,000, but may price differently and require additional documentation. *To qualify for a Business Loan, a business should be at least three years old. Other creditworthiness criteria apply. Acceptable collateral may be required. Personal guaranty of all principals is required. 5

7 Merchant Services Increase Your Profitability If you currently accept credit card payments, our trusted partner Processing Solutions will provide a free cost analysis. This will determine how much money your business can save by taking advantage of Processing Solution s superior products and services which include: Visa/MasterCard ATM/Debit American Express Discover JBC Government & Corporate Cards Hardware Software Online Reporting Dependable Support If you are not currently accepting credit card payments, with quick merchant account approvals, your business will be up and running smoothly in no time. Merchant Processing POS Pre-paid Products Check Guarantee Gift & Loyalty Programs Full Service Marketing 6

8 Payroll Services Our trusted business partner, PayChex, can provide virtually any business with a time-saving and cost-efficient payroll solution. Their services can be as narrowly focused or as comprehensive as you need. PayChex can assist your business with any and all aspects of payroll calculations and distributions and can even offer broader human resource and tax functions like state unemployment administration and workers compensation insurance. No company is too big or too small for their services. Save precious time. How long do you spend every pay period taking care of tedious bookkeeping and tax-related chores? How much more productive could your business be if you dedicated that time to serving your customers instead? Decrease your liability. Nobody knows your business like you do. But take a moment to think about your comfort level with payroll tax, unemployment and workers compensation issues. How would you respond if challenged by the government on one of these items? PayChex can help prevent problems before they start and will provide a safety net of expertise and support should a question ever arise. Call Florida Telco today and we ll work with your local PayChex representative to start saving you time, money and frustration! 7

9 Financial Services Increase Value Without Increasing Cost As a valued business partner, we wanted to make you aware of another service available, the MEMBERS Financial Services Program. The financial professional located at Florida Telco Credit Union, can assist you in implementing efficient financial strategies for you and your business. An experienced financial professional with the backing and support of hundreds of experts in insurance and financial management can help you and your employees plan for their retirement, build an education fund, or work to achieve other personal financial goals. In addition, the Member Representative is also available to conduct workshops on such topics as Retirement Planning, Education Funding, Tax Reduction Strategies, Investment Planning. Whether your business has one or a thousand employees, the MEMBERS Financial Services Program can assist you with a 401(k), SEP, Profit-Sharing, or other retirement plans for your business. Individual Planning Services ~ Retirement savings consulting ~ Comprehensive financial planning ~ Life insurance planning ~ Long-term care planning 8

10 Protecting Your Business, Your Family, and Your Financial Security, Employee Education ~ Finanial education seminars ~ Professionally prepared marketing materials ~ Access to online educational and planning tools Specialty Services for Executives ~ Sophisticated and comprehensive financial services ~ Personalized wealth management services ~ Life insurance and long-term care strategies ~ Estate planning and trust services The services at the MEMBERS Financial Services Center are available to you at no cost or obligation to you. Call today for more information or to schedule an appointment at (904) Call today for more details: Local Ext Toll free Representatives are registered through, and securities are sold through, CUNA Brokerage Services, Inc. (CBSI), member NASD/SIPC, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (866) Insurance sold through licensed CUNA Mutual Life Insurance Company Representatives, and in New York, licensed insurance representatives of other companies. Non-deposit investment products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the Credit Union. *Representative is not a tax advisor. For information regarding your specific tax situation, please consult a tax professional. 9

11 Special Services Auto Advisor Need help in buying or leasing a company vehicle or fleet? Our Auto Advisor can help! Just call the Auto Advisor at , Ext No-fee service with pre-approved loans Determine the value of your trade or other used vehicles Local Dealer Referrals for Pre-negotiated Prices on new vehicles Quicken Quicken Web Connect allows you to use Florida Telco's Private PC home banking to view account balances and download this data into Quicken's financial software. Go to and select Other Services then Internet Services for details about Quicken. EFTPS Pay your taxes online using the Electronic Federal Tax Payment System (EFTPS) and have the funds taken from your Telco Checking Account via ACH. Simply go to for information and instructions to enroll. Audio Response Telephone Banking Use any phone to call Private Line to do the following: (Voice or touchtone recognition.) Get Account History Check Balances Transfer Funds Inquire on Check Status Request Withdrawals Make Inquiries Stop Payments Make Loan Payments 10

12 Internet Banking All you need to use Private PC is: Your account number, your Authorization Code (PIN) and Internet access. If you have any questions, there is a question/answer button on the log-in page to help you with proper settings. View Account History Check Balances Transfer Funds Request Withdrawals Make Inquiries Reorder Checks Stop Payments View Check Images Change Address Inquire on Check Status Make Loan Payments Change Contact Information BillPayer BillPayer is an optional service available with Private PC which allows you to pay bills (such as electric, phone, water, etc.) online. BillPayer is free for Business Account members with no limit on the number of transactions! To use BillPayer, you must have Private PC and a checking account with Florida Telco. 11

13 An Employee Benefit That Doesn t Cost Your Business a Dime A Select Employee Group (SEG) is an employer who has a special relationship with Florida Telco. When your company becomes a SEG of Florida Telco, our Business Development Department will work with you to kick off the new credit union benefit to your employees! Why become a SEG? With the cost of employee benefits these days, isn t it good to know that you can add credit union membership to your employee benefit package without it costing your company a dime? This is a benefit that employees and their families will be able to enjoy for a lifetime. Once a member, always a member. Why are SEGs special? Select Employee groups enjoy exceptional service and perks for their employees. As a standard perk, SEG employees do not pay a membership fee when joining, among other special perks. We are available to come to your business to conduct an initial credit union orientation for your employees, at a time that is best for you. As ongoing support, we also offer to conduct regular enrollments or Credit Union Day events at your convenience. SEGs are provided with credit union enrollment packets to keep on hand at all times. These make joining the credit union convenient, as we include a postage-paid envelope with each packet. They are also great for inclusion in your benefits package that new-hires receive. Want to provide valuable financial information to your employees on a variety of topics? Our SEGs are eligible to request FREE onsite financial seminars through MEMBERS Financial Services! These are just a few of the perks you can expect as a Select Employee Group! To apply for SEG status, please contact our Business Development office for an application or for more information. The process is simple, and approval is usually the same day! 12

14 The Credit Union Difference Can Save Your Employees Money When you partner with Florida Telco Credit Union, the following benefits are exclusive Partner Perks available for your employees and their families: Free Membership (regular membership fee waived when joining) No monthly fees Free Check cashing Free box of checks annually (with checking and direct deposit from SEG payroll) No-Fee Visa Traveler s Checks (Up to $ purchase) No-Fee Cashier s Checks (limit 3 per month) As well as these other perks that all members enjoy: Unlimited check writing Overdraft protection Free Visa Extras Rewards Program Unlimited Visa Check Card transactions Unlimited Teller Visits Free online banking Free Visa Check Card Free Private Line, our automated telephone banking service Other perks available to you from Florida Telco s partners: FREE Onsite CU at Work events held at your location open new accounts right at work! FREE Financial Seminars FREE members only gifts each time we visit your business Advanced notice of our special car sales and other events FREE Auto Advisor Service to assist you in the car-buying process FREE Financial Coaching & Education Program Call the Business Development Office for more details: Local Ext Toll free

15 Our History Your Benefit Established in 1935, Florida Telco Credit Union is proud to offer financial services for life: from savings and checking to investments, business accounts and services, to all types of loans at competitive rates. We also offer the latest in financial service technology like Internet Banking e-statements and check images (viewing and printing of cleared checks FREE online). Members: over 40,000 Assets: over $354 million Locations: Ten branches (and growing) in the Greater Jacksonville area. Accounts insured by NCUA, up to $100,000 If you live or work in the Florida counties of Duval, Clay, Nassau, Baker or St. Johns, you and your family are eligible to join. Also eligible without geographical limitations are employees in the telecommunications field. Why Choose a Credit Union over a Bank? Credit unions are cooperatives not-for-profit financial institutions chartered by the state or federal government. They are owned and controlled by their members, and organized to promote thrift and provide credit to their members. Credit unions only serve members in the fields of membership - usually associations, employee groups, or communities named in their charters. As not-for-profit financial services cooperatives, credit unions return earnings to their members in higher savings rates, better services, and lower borrowing rates, while the Boards of Directors are volunteers elected by members. Banks (or Savings and Loans) are financial institutions chartered by the state or federal government, which accept deposits and makes loans for a profit. They are owned by groups of stockholders whose main interest is to earn a healthy return on their investments. In contrast, credit unions exist to serve their member-owners, the people who save and borrow there. 14

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17 FINANCIAL SOLUTIONS FOR YOUR BUSINESS When you consider how many benefits we offer, we are confident you will agree Florida Telco provides the financial solutions you will need to manage your business. Call today for more details: Local Toll free Visit us online at loridatelco.org