by Doug Williams
Financial Services that Stand out to Small Businesses
Business Checking Accounts--
Additional Business and Merchant Services—To really set your credit union apart, try becoming an all-in-one resource for small businesses. Beyond basic merchant services like payment processing, your credit union can offer small business ATM services and rewards programs for their customers. You can even take these services to the next level with a whole business management system that includes:
· reporting services
· sales and inventory tracking
If merchant services or other similar business services are beyond your credit union’s current bandwidth you might consider working with a partner to provide easy access to these important services.
Opportunities for Small Business Growth
A great way to connect with small businesses and empower their success is by providing resources that help them grow. Offering training workshops on business planning, accounting, marketing, and other success topics positions your credit union as a strong small business partner. Your credit union can even become a small business networking hub by offering networking events and referrals among businesses and professionals seeking additional services like legal advice.
If you’re looking to distinguish your credit union as a top credit union for small businesses, then offering services that support a small business’s financial health, successful operations, and advancement are vital. They help attract the attention and loyalty of small businesses while helping advance the community you both serve.
At Envisant, we know that designing and implementing a successful small business service strategy can be a challenge. That’s why we’re here to help you achieve your vision for serving small businesses. To learn more, please reach out to Doug Williams at [email protected].
Originally published on CuInsight