Business Online Banking is now available. Contact Member Services for more details.

Nonprofit Banking at OC Federal Credit Union

NONPROFIT ORGANIZATIONS

LET’S MAKE AN IMPACT TOGETHER

Since 1954, OC Federal Credit Union has served the banking needs of the nonprofit communities across Northeast Ohio and throughout the state. We are proud to be the trusted credit union used by parishes, schools and faith-based nonprofits for both everyday banking and lending needs.

Ask Member Services about our New Online Banking for Business!

Enroll and receive enhanced features with greater functionality.

Call (888) 696-4462 or message Member Services through online banking for details.

NON PROFIT

Certificate 3 Month Term

4.35% APY¹

NON PROFIT

High Yield Checking

3.50% APY²

NON PROFIT

MONEY MARKET $1M+

3.25% APY³

SEE ALL RATES

¹APY = Annual Percentage Yield. Subject to OC Federal’s standard deposit policies and membership eligibility. Rate is fixed for the term of the investment. Deposits cannot be made during the term of the account. Certificate will renew at disclosed rate as of the date of maturity. Minimum deposit of $500 required. All stated minimum deposits to open are in addition to the purchase of one $5.00 membership share required to be maintained in your share savings account. Subject to penalty for early withdrawal. Fees could reduce earnings. Rates subject to change without notice. Insured by the NCUA.

²estatements required. $100 minimum opening deposit required; Other fees may apply, see schedule of fees for details. Credit Union rules and regulation apply. Please see an OC Federal Credit Union representative for full details. Insured by NCUA. OC Federal may discontinue or modify this offer without notice.

³Variable tiered-rate product; annual percentage yields (APY’s) Top tier rate of 3.25% APY is for balances greater than $1,000,000; thereafter APY is subject to change at credit union’s discretion. No Minimum balance to open and minimum balance to earn interest is $1,000. Fees could reduce earnings. Rates shown are anticipated, paid monthly. Your interest rate may change at any time and without notice. OC Federal may discontinue or modify this offer without notice. NCUA Insured.

OC Federal Credit Union OCFCU Business NonProfits Priest Mass

NONPROFIT ORGANIZATION BANKING

OC Federal Credit Union offers a full suite of business banking products, from operational accounts to business savings and money market accounts. Plus enjoy convenient local banking with night deposit drops at every branch location. Call our Business Finance Team at (888) 696-4462 or email us at BusinessServices@ocfederal.com to learn more about special rates and perks available to Catholic and nonprofit organizations.

NONPROFIT ORGANIZATION LENDING

Parishes, schools and faith-based nonprofits can take advantage of our many business lending products, from credits cards to cover everyday purchases to securing a major real estate loan. Call our Business Finance Team at (888) 696-4462 or email us at BusinessServices@ocfederal.com to learn more about special rates and perks available to nonprofit organizations.

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GETTING YOUR BUSINESS ACCOUNT

To make opening your business account simple, please make sure to provide the following:

NONPROFIT HIGH YIELD CHECKING

Community High Yield Checking is the unicorn of business checking products. Not only is there no monthly fee, minimum balance requirement, transaction cap or currency restriction but it also pays a premium interest rate on balances between $5,000 – $75,000. In addition, you get free Online Banking and our OC Federal mobile app – plus local support from our business finance team – to manage your money efficiently and conveniently. And you can rest easy knowing your funds are federally insured by the NCUA up to $250,000.

Earn a premium interest rate on balances $5,000 – 75,000
No minimum balance requirement
No monthly service fee
FREE unlimited transactions per month
No currency restrictions
Positive Pay is available
24/7 online and mobile banking access

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COMPLETELY FREE NONPROFIT CHECKING

Believe your eyes! It does say Completely FREE Nonprofit Checking. That’s because you work too hard to have your profits drained by ridiculous banking fees. You pay nothing in monthly service charges, nothing for unlimited transactions each month, and nothing for eStatements. In return, you get free Online Banking and our OC Federal mobile app – plus local support from our business finance team – to manage your money efficiently and conveniently. And you can rest easy knowing your funds are federally insured by the NCUA up to $250,000.

Open your account with a minimum $100.00 deposit
No minimum balance requirement
No monthly service fee
FREE unlimited transactions per month
No currency restrictions
24/7 online and mobile banking access

GET STARTED NOW

NONPROFIT MONEY MARKET

With a Nonprofit Money Market account, you have a safe place to deposit excess capital for long-term savings. Then watch it grow with tiered interest rates that increase as your deposits increase. You can reap the benefits of market growth without risking your initial investment, since your deposits are insured by the NCUA up to $250,000. Plus our money markets (unlike certificates) offer all the flexibility of a regular savings account. You’ll have quick access to your account through Online Banking and the OC Federal mobile app so you can easily see what liquid assets you have available.

Open your account with as little as $5.00
Earn dividends on balances of $100.00+
No minimum balance fees
24/7 online and mobile account access

GET STARTED NOW

NONPROFIT SAVINGS

Start your business relationship with OC Federal Credit Union by opening your Nonprofit Savings account.

Get quick access to your account through Online Banking and the OC Federal mobile app so you can efficiently manage your funds. Use our convenient, secure night deposit service at any local branch. And watch your money grow with competitive dividend rates – while knowing it’s federally insured by the NCUA up to $250,000.

Open your account with as little as $5.00
Earn dividends on balances of $100.00+
No minimum balance fees
24/7 online and mobile account access

GET STARTED NOW

NONPROFIT CERTIFICATES

Start a nonprofit share certificate with OC Federal Credit Union to earn more on your savings you don’t need immediate access to. You’ll earn dividends (interest) over certificate terms from 3 to 84 months with only a minimum deposit of $500. And you can rest easy knowing your deposits are insured up to $250,000 by the NCUA.

NONPROFIT CORPORATION

Articles of Incorporation filed with Ohio Secretary of State
Employer Identification Number letter from the IRS; Federal Tax Return and/or W-9 form from the IRS
Articles of Incorporation, By-laws, Code of Regulations, Charters and/or Constitutions (stating who has authority to manage financial deposit accounts)
Valid identification on all signers

Additional documents may be requested

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MERCHANT SERVICES

Cash-only might work these days for a lemonade stand. But you need more options for the nonprofit you run today. Your customers expect to be able to use a variety of payment methods when they’re ready to make a purchase – and if you can’t help them, they’ll go somewhere else. Make it easy for customers to pay you with electronic point-of-sale payment systems, secure transaction processing and more. OC Federal Credit Union partners with MerchantE to offer flexible and affordable payment processing solutions for your nonprofit.

GET STARTED NOW