Business

Granite State Credit Union offers a wide range of business services to local companies and organizations throughout New Hampshire.

Business Checking & Savings

GSCU offers all the tools you need to easily and affordably manage your finances. With Checking Accounts, Savings Accounts, and Certificates we're here to help with all of your business needs. 

Table data for Business Savings Rates
 Rates effective 12-12-2018
Deposit Required to Open Account Minimum Required to Earn APY Dividend Rate Annual Percentage Yield (APY) Alert Me
$10 $500 .05% .05%
Rate may change after the account is opened and is subject to change without notice. Dividends are compounded monthly and credited to your account monthly. Fees and other conditions could reduce the earnings on these accounts. Please refer to our Schedule of Fees and Truth in Savings disclosures for further information.

Table data for Business Advantage Plus Savings Rates
 Rates effective 12-12-2018
Deposit Required to Open Account Minimum Required to Earn APY Dividend Rate Annual Percentage Yield (APY) Alert Me
$50,000 $50,000 .45% .45%
Rate may change after the account is opened and is subject to change without notice. Dividends are compounded daily and credited to your account monthly. Fees and other conditions could reduce the earnings on these accounts. Please refer to our Schedule of Fees and Truth in Savings disclosures for further information.

Table data for Business Money Market Account Rates
 Rates effective 12-12-2018
Deposit Required to Open Account Minimum Required to Earn APY Dividend Rate Annual Percentage Yield (APY) Alert Me
$2,500 $2,500 .10% .10%
$2,500 $25,000 .15% .15%
$2,500 $50,000 .20% .20%
$2,500 $100,000 .85% .85%
$2,500 $250,000 1.09% 1.10%
Rate may change after the account is opened and is subject to change without notice. Dividends are compounded daily and credited to your account monthly. Fees and other conditions could reduce the earnings on these accounts. Please refer to our Schedule of Fees and Truth in Savings disclosures for further information.

Table data for Business Easy Money Market Account Rates
 Rates effective 12-12-2018
Deposit Required to Open Account Minimum Required to Earn APY Dividend Rate Annual Percentage Yield (APY) Alert Me
$10,000 $10,000 .30% .30%
Rate may change after the account is opened and is subject to change without notice. Dividends are compounded daily and credited to your account monthly. Fees and other conditions could reduce the earnings on these accounts. Please refer to our Schedule of Fees and Truth in Savings disclosures for further information.

Table data for Business Checking Account Rates
 Rates effective 12-12-2018
Deposit Required to Open Account Minimum Required to Earn APY Dividend Rate Annual Percentage Yield (APY) Alert Me
$10 N/A N/A N/A
Rate may change after the account is opened and is subject to change without notice. Dividends are compounded monthly and will be credited to your account monthly. Fees and other conditions could reduce the earnings on these accounts. Please refer to our Schedule of Fees and Truth in Savings disclosures for more information.

Table data for Business Certificate Rates
 Rates effective 12-12-2018
Term Deposit Required to Open Account Minimum Required to Earn APY Dividend Rate Annual Percentage Yield (APY) Alert Me
18 MONTH SPECIAL! $1,000 $500 2.10% 2.12%
25 MONTH SPECIAL! $1.000 $500 2.96% 3.00%
6 to 11 months $1.000 $500 .50% .50%
12 to 23 months $1.000 $500 .60% .60%
24 to 35 months $1.000 $500 1.00% 1.00%
36 to 47 months $1.000 $500 1.24% 1.25%
48 to 59 months $1.000 $500 1.54% 1.55%
60 to 71 months $1.000 $500 1.74% 1.75%
72 to 83 Months $1.000 $500 1.74% 1.75%
84 to 96 Months $1.000 $500 1.74% 1.75%
Certificate rates are subject to change at anytime; however the rate will remain in effect for the term of the certificate once opened. Dividends are compounded monthly and will be credited to your account monthly. Withdrawals or fees may reduce the earnings on these accounts. Penalties may be incurred for early withdrawals. Please refer to our Schedule of Fees and Truth in Savings disclosures for more information.

Business Loans

GSCU is here to help your business grow! Call us if you're interested in buying business property, refinancing existing property, or financing equipment!

We offer the following services:

Commercial Real Estate - for purchasing investment properties.

Business Occupied Real Estate - for financing an office building, retail property, or a condominium. 

Business Line-of-Credit - to assist with fluctuations in cash flow.

Business Term Loan - fixed-asset purchases, financing working capital, or consolidating debt.

Business Vehicle Loan - we can help get you the vehicle you need to operate your business.

Multi-Family Buildings - finance your rental property with us! Apply today! 

Partners-At-Work

Credit Union services are one of the most requested employee benefits within companies and GSCU is one of the most appreciated.

When your NH business becomes a Partner-At-Work your employees receive the benefits of GSCU membership. From deposit and loan services to mortgages and more, we offer a full range of financial services to complement the benefits your company already offers! 

A company officer or other authorized representative simple needs to contact us to receive more information or apply. 

Contact our Marketing Supervisor, Katie Blanchette, to learn more. 
Email at repinfo@gscu.org or call at 1-800-645-4728 ext. 3514

Applications are subject to approval. Companies must have a minimum of 25 employees and have the capability of setting up direct deposit.


(required)

(required)

(required)

(required)



(required)

(required)

(required)

(required)

(required)


(required)

(required)
Payroll Prepared
(required)
In-house
ADP
Other
 

(required)

(required)

(required)
Are you currently looking at other credit unions?
(required)
Yes
No
 

(required)
Security
  captcha code for visual authentication  letter S number 7 letter K number 4

Business Fee Schedule

Table data for Business Accounts Fee Schedule
 
Service Fee Alert Me
Below Minimum Balance - Business Checking (avg. daily balance below $10,000) $5 per month
Below Minimum Balance - Business Money Market (avg. daily balance below $2,500) $5 per month
Below Minimum Balance - Business Easy Money Market (avg. daily balance below $10,000) $5 per month
Account Research/Reconciliation $25 per hour
Bad Address $5 per month
Copies - per item $5
Deposited Items Returned - per item $10
Domestic Wire Transfer (Outgoing) - per item $20
Premium Overdraft Usage Fee* - per item $30
Insufficient Funds Fee* - per item $30
Equity and Mortgage Payoff Processing $25
Escheatment $50
Liens/Levies $50
Manual Property Tax Billing $3
Overdraft Transfer from Share Account - per item $5
Stop Payment - per item $25
Teller Checks (after one free per day) - per item $3
Service fees summarized above are subject to change. Please review this Fee Schedule in conjunction with our Terms and Conditions/Truth in Savings Disclosures. *The categories of transactions for which an overdraft fee may be imposed are those by any of the following means: share draft, in-person withdrawal, point of sale transactions, ATM withdrawal, ACH or other electronic means. No surcharge at participating CO-OP ® Network ATMs for GSCU cardholders.

Required Business Account Information

The following information list what documents are required to open a business account at GSCU. GSCU reserves the right to request additional documents if needed including but not limited to Operating Agreement, Partnership Agreement, and corporation by laws.

  • Account name must match exactly to which the EIN has been assigned
  • GSCU requires one owner, officer, or member be listed as a managing member for the purpose of authorizing changes to the account

Sole Proprietorship

  • Certificate of Registered Trade Name
  • Must be registered with the State of New Hampshire
  • IRS Letter of EIN (if applicable)

Limited Liability Company (LLC)

  • Certificate of Formation
  • Must be registered with the State of New Hampshire
  • IRS Letter of EIN (if applicable)

Limited Liability Partnership (LLP)

  • Certificate of Formation
  • Must be registered with the State of New Hampshire
  • IRS Letter of EIN

Corporation and/or Non-Profit Corporation

  • Articles of Incorporation
  • Must be registered with the State of New Hampshire
  • By-laws – outlining the internal operations and authority of the company
  • IRS Letter of EIN

GSCU does not open the following business account:

  • Money Servicing Business (MSB)
  • Marijuana Related Business (MRB)
  • Political Action Committees (PAC’s)
  • Internet Gambling Business
  • Business Trusts
  • Realty Trusts
  • IOLTA’s
  • Unincorporated Entities
    o Booster Clubs
    o Boy/Girl Scouts
    o Fundraisers

Pay Your Taxes with EFTPS

Take the labor out of filing federal taxes and replace your paper-based system with one that’s streamlined and simplified. The Electronic Federal Tax Payment System (EFTPS) is the easiest way to pay all your Federal taxes. EFTPS is offered free from the U.S. Department of the Treasury to help business owners conveniently pay all their federal taxes electronically.

Learn more about EFTPS 

Merchant Services

As a partner with Heartland Payment Systems, our business members have access to card processing of all major card brands, check management system, payroll services and gift card marketing programs.

Visit Heartland Payment Services

Live Chat