Credit Union / Bank Recommendation

[Si V]

Hey!

I'm wondering if people have recommendations for local banks or credit unions for business banking? Ideally a bank that supports international transfers (eg. has their own swift code).

Thanks,

Si

[Adam Maloon]

The DC Credit Union has good practices, but I’m not sure how good their user interface is.

 

If you are a member of Douglass CLT you are eligible for membership in DCFCU.

 

Links:

DC Credit Union

Douglass CLT Membership info

 

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[Ajowa Ifateyo]

Whatever you do, don't mess with City First, which used to be a pretty decent community bank.  They don't even answer the phone, they don't keep their word and won't respond to email communication.  They recently merged with a LA bank and they went straight down the tubes.

Ajowa Nzinga Ifateyo 

 

(she/her/hers)

202-538-0007

   www.supportellabakerday.com 

In every true culture there is a note which belongs to all ages; a rhythm that belong to all races; and a color that fits all environments.

-- Torkom Saraydarian

If we surrendered to Earth's intelligence, we could rise up, rooted like trees.

     -- Rainer Maria Rilke

Grassroots Economic Organizing

http://www.geo.coop

[Jordan Oeste]

We've been using Lafayette Federal Credit Union for over a decade, and their customer service is great. 

That said, I'm actually also on the hunt for a credit union or small/less-evil bank that offers Zelle business. Does anyone know if such a thing exists? 

To view this discussion on the web visit https://groups.google.com/d/msgid/coopdc/CAP4LpWfBuL8SZ1J4%3Dr92QVicbNDddGmnuuQt%2B4fD4JLAmZyd0Q%40mail.gmail.com.

[Justin Franks]

Hi all,

I was mentioning to Paul Hazen my frustration with DC Credit Union (and likely many other CUs) having a very low remote deposit limit (eg. $1,000 per check) and long check holds that are probably losing them a lot of business. If I have a paycheck that is more than $1k I literally can't give them my money unless I go in person.

He said National Cooperative Bank offers small business banking, and Amalgamated Bank offers international wires (@Si) and looks like they support Zelle (@Jordan) too, so worth checking either of those options.

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[Jordan Oeste]

Thanks for the info! I checked into Amalgamated a while back and was hopeful, but unfortunately they only offer regular/personal Zelle, they don't actually offer the option to accept business payments through Zelle :/ I will look into National Cooperative. 

To view this discussion on the web visit https://groups.google.com/d/msgid/coopdc/CAJCtYL_js2vHmCLHTDRyXAK5aCYa7i_ckUzpZO4Cuz38CM3%2B7w%40mail.gmail.com.

[Ajowa Ifateyo]

Good to know, Justin.  Last I checked with NCB you had to have big bucks to deal with them (but that was like 20 years ago!) so never thought of them as a possibility for a smaller business.

Ajowa Nzinga Ifateyo 

 

(she/her/hers)

202-538-0007

   www.supportellabakerday.com 

In every true culture there is a note which belongs to all ages; a rhythm that belong to all races; and a color that fits all environments.

-- Torkom Saraydarian

If we surrendered to Earth's intelligence, we could rise up, rooted like trees.

     -- Rainer Maria Rilke

Grassroots Economic Organizing

http://www.geo.coop

To view this discussion on the web visit https://groups.google.com/d/msgid/coopdc/CAJCtYL_js2vHmCLHTDRyXAK5aCYa7i_ckUzpZO4Cuz38CM3%2B7w%40mail.gmail.com.