Business Account Services
Our Business Account Services are designed to support organizations of all sizes with reliable, efficient, and flexible financial solutions. Whether you’re a small enterprise, a growing company, or an established institution, our business checking and savings accounts give you the tools you need to manage daily operations with ease. From secure transactions to organized cash flow management, we provide a solid financial foundation to help your business operate confidently and efficiently.
Beyond basic banking, we offer payroll processing and thrift fund management to streamline your administrative responsibilities. Our payroll services ensure accuracy, timeliness, and compliance, while our thrift fund solutions promote structured employee savings and long-term financial well-being. With Community First Co-operative Credit Union, your business gains a trusted partner dedicated to strengthening your organization’s financial stability and growth.
Group Medical Health Plan
- Cover medical bills
- 80% hospitalization
- Laboratory services
- Prescription drugs
Group Health – Renewal Rates and Benefits
Active Employees Under Age 65
| Benefits | Single | Couple | Family |
|---|---|---|---|
| Medical | 305.43 | 576.58 | 787.79 |
| Dental | 24.45 | 46.41 | 63.52 |
| Vision | 16.94 | 32.14 | 43.99 |
| Total | 346.82 | 655.13 | 895.30 |
Active Employees Age 65 and Over & Retirees
| Benefits | Single | Couple | Family |
|---|---|---|---|
| Medical | 427.63 | 812.54 | 1111.88 |
| Dental | 34.20 | 65.01 | 88.97 |
| Vision | 23.75 | 45.10 | 61.71 |
| Total | 485.58 | 922.65 | 1262.56 |
Please contact the Operations Department at telephone # 481-3986/50 for more information.
Night Deposit Service
This service costs only E.C. $150 yearly, per deposit bag. By having your own night deposit bag, you are able to make deposits to your account even after the Credit Union has closed. You will be provided with a deposit bag and a key. Put your deposit into the bag and insert it into the deposit box located on the western side of the building, and lock it with your key. The money will be deposited to your account the next business day.
Family Indemnity plan
The Family Indemnity Plan offers financial comfort during difficult times, providing a cash benefit to be used to cover funeral costs for yourself and eligible family members.
The Family Indemnity Plan covers up to 6 immediate family members, including:
The member
Member’s spouse
Children aged 1-25
Members parents/step-parents/in-laws before 76yrs
Significant others/fiancé(e)
Members need to provide documents that can establish the link between themselves and their dependents. Birth certificates to show link between parents and children, marriage certificates for spouses/step-parents, IDs and proof of address (no older than 3 months) for everyone over 17 yrs.
Plan Premiums and Benefits
| Period | Premium | Benefit |
|---|---|---|
| Plan A | $26.40 monthly | $5,000 |
| Plan B | $39.60 monthly | $7,500 |
| Plan C | $52.80 monthly | $10,000 |
| Plan D | $79.20 monthly | $15,000 |
| Plan E | $105.60 monthly | $20,000 |
| Plan F | $132.00 monthly | $25,000 |
| Plan G | $158.40 monthly | $30,000 |
Advantages:
No medical examinations or questions
Lifetime insurance coverage
Payments for claims are made within 3 business days.
Please note that there is a 6 month waiting period before full coverage begins.
For more information please call 481-3986.
Chequing account
- Chequing account applications can be completed at either our Townhouse Branch or Old Parham Road Headquarters.
- Documents needed to apply for a chequing account are: Passport and another Valid Photo ID, Job Letter/Business License, current proof of address (Bank Statement or Utility Bill) and two Bank/Credit Union reference letters.
- The minimum checking account balance is E.C $100.00
- Special conditions apply
ATM Services
- ATM cards are available to all members free of cost.
- In order to receive an ATM card, fill out the ATM application form.
- These forms can be collected from our customer service representatives.
- ATM cards are ready within 48hrs of the application process.
- ATM cards provides 24hr access to your account
- Withdrawals with the ATM card however are restricted to your deposit account.
Seven ATM locations: CFCCU Headquarters -Old Parham Road (Two ATM’s), CFCCU Branch Office- Townhouse Plaza, Vendors Mall, Epicurean-Friar’s Hill Road, Epicurean- Jolly Harbour, The Covent Garden- Dockyard Drive (English Harbour) and Perry Bay Supermarket -Perry Bay.
Global Internet Access (GIA)
- Provides 24hr access to your credit union account
- Allow members to perform balance inquires on their accounts
- Obtain statement for one or all accounts
- Transfer funds between accounts
- Conduct member to member transfers
- Request statements
- Complete Loan Projections
To apply for GIA, you can print the form online or collect it at our Old Parham Road or Townhouse Office. Once the form is completed, you are provided with a password and instructions within one business day. You use this information to log into your GIA. For more information please call 481-3950/481-4000.
Credgo (Mobile App)
- Provides 24hr access to your credit union account using your phone
- Perform balance inquiries on your account.
- Make Online Bill payments.
- Transfer funds within your account.
- Transfer funds to other credit union members accounts.
- Request statements and more.
CREDGO can be downloaded from App Store and Google Play for Free.
If you experience any difficulties installing CREDGO please visit our offices at Old Parham Road or Townhouse for assistance.
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Are you interested in being a member? Fill out one of our application forms today!
