Business Services

Giving Thanks With a Great Rate

During this time of year, we're reminded of how grateful we are for the opportunity to make a positive difference in our members' lives. By providing valuable financial products and services to our members, our goal is to be there when you need us. We are your lifetime financial partner.

Earn 2.85% APY* with a 15-Month Giving Thanks Certificate

Take advantage of this limited time offer, open your Giving Thanks Certificate today!

*APY = Annual Percentage Yield. Fees may reduce earnings on the account. Dividends are paid from earnings after transfers to reserves. A penalty may be imposed for early withdrawal. Rates are current as of 11/19/2018 and subject to change without notice. Minimum $25,000 balance to open a Giving Thanks certificate, with a maximum combined balance per member of $1 million in all/any Giving Thanks certificates. Giving Thanks certificate must be opened Online, in Online Banking or in a Northwest Federal Credit Union branch to be eligible for 2.85% APY. No bump rate eligible for Giving Thanks certificate. Not eligible for IRA, ESA, Roth, SEP, and Add-on Certificates. At renewal, certificate will auto-renew into current 12-month certificate rate unless otherwise designated. Click here to view full disclosure.
 

Helping Your Business Grow

Northwest Federal offers a comprehensive suite of products and services to help your business succeed.

Contact our Business Services representatives to learn how your business can benefit:


New Rules for Beneficial Ownership for Businesses 
The U.S. Government has passed new regulations, effective May 11, 2018, impacting all legal entities opening or maintaining accounts at any financial institution. Learn More

As a Business Owner, You Can Take Advantage of These Products and Services

We’ll walk you through the documentation needed to open your business account. Depending on your company’s legal structure, you may be asked to complete:   

Corporations, Limited Liability Companies, Partnerships and Sole Proprietorships will need to provide: 

  • Tax Identification Number
  • Social Security Number (for each authorized signer)
  • Valid picture identification for all signers (Driver’s License, Passport)
  • Certificate of Incorporation, Organization, or Partnership Agreement
  • Corporate Resolution

To open your business account, contact a Business Services representative at 703-709-8900 (844-709-8900 toll-free)

Manage your day-to-day transactions without costly per-item charges with your choice of Basic or Dividend Business Checking.

Our business savings plans include:

  • Savings Accounts
  • Money Market Accounts
  • Certificates

To open an account, complete our Business Account Application. If you already have a business account with us, simply check “update” and your account choice(s) on the application, sign and return. 

Our business lending solutions include:

  • Term loans
  • Lines of credit
  • Auto loans
  • Credit cards
  • Real Estate loans
  • SBA Loans 

Speak with a Business Services representative to decide which loan option works best for your business. 

Apply today for a business auto loan or business credit card. 
Apply today for a business term loan, line of credit, real estate loan or SBA loan. 

Enjoy fast, secure and convenient credit card acceptance with our merchant services, featuring PCI compliant point-of-sale equipment and virtual terminals for mail and telephone processing.

Contact a Business Services representative to learn how you can streamline your cash flow and provide your customers a better way to pay you. 

Save time and money with our accurate, affordable and personalized payroll services:

  • Payroll designed for you – multiple input and processing options; ability to report payroll by phone, fax or Internet
  • Enhanced employee benefits – choose from HR and Benefits Administration Services for Section 125

To learn more, contact a Business Services representative at 703-709-8900 (844-709-8900 toll-free).

With our remote deposit web application, you can deposit checks to your Northwest Federal business checking account without leaving your office!  Simply scan your checks and the deposit is recorded to your account.

Remote Deposit offers

  • Convenience - deposits made from your desktop, when you want, evenings, weekends and holidays too
  • Improved efficiencies - eliminates the loss of valuable time spent preparing large deposits, easy access to trace deposits and individual checks with images available up to 90 days
  • Improved cash flow - checks are deposited quicker and certain deposits may qualify for funds available sooner

There is no monthly service fee, no per item check fee and no restrictions on the amount of checks you can deposit per month. 

Effective July 21, 2017 -- Update Remote Deposit Scanner Instructions

For information on system requirements and other details, contact our Business Banking Representatives at 703-709-8900 (844-709-8900 toll-free)

Our subsidiary, NW Insurance Agency, can help evaluate your business insurance needs for:

  • Commercial General Liability Coverage
  • Commercial Property/Casualty Insurance
  • Life, health, disability and long-term care insurance for your employees

To learn more, schedule an appointment for a complimentary, no-obligation consultation.

Professional tax preparation, offered through Northwest Tax Group, is available for:

  • Tax preparation and planning
  • Federal and State tax returns

For more details, schedule an appointment with our experienced tax specialists.

Insurance products and services are offered through NW Insurance Agency, a subsidiary of NW Capital Management (a wholly owned subsidiary of Northwest Federal Credit Union). At this time NWIA, together with its network of licensed insurance associates, provides Auto & Home insurance to residents of: AZ, AR, CA, CO, DC, GA, HI, IN, KS, LA, MD, MI, MS, MO, NJ, NM, NY, NC, OH, OK, OR, PA, RI, SC, TN, TX, VA, WV. Coverage and discounts are subject to individual qualifications, state availability and the insuring company's underwriting guidelines. Insurance is not underwritten, issued or guaranteed by NCUA or any other federal government agency.

Northwest Tax Group is a subsidiary of Northwest Federal Credit Union. Tax services are offered in partnership with DeLeon & Stang, CPAs.