Business Banking Services
*APY is Annual Percentage Yield. Minimum $25,000 new money to Cornerstone CFCU required. Fees may reduce earnings on account. The current tiers and ongoing rates on Business Premium Money Market account as of June 1, 2023 are $25,000-$249,000 4.000% APY, $250,000 – $999,999.99 4.000% APY, $1,000,000 – $2,999,999.99 4.000% APY, $3,000,000 and + 4.000% APY. Minimum to open Business Premium Money Market account is $25,000. Advertised rates are available on new Business Premium Money Market accounts only. The advertised rate may not be applied to funds from another Cornerstone CFCU account. Cornerstone Community FCU reserves the right to modify or cancel this offer at any time without notice. Membership eligibility required. Other restrictions may apply.
Let Cornerstone Be Your Partner in Business
Small businesses are the cornerstone of Niagara and Erie County. That’s why we at Cornerstone offer a full line of business banking services, including deposit and business lending products with highly competitive rates.
Become a Business Member
It’s easy to become a member of Cornerstone Community Federal Credit Union. Contact our Business Development Partner, Martin Murphy at MMurphy@ccfcu.org or 716.589.1235 to get started. Or, click on the Become Member link below.
Download our Business Application Forms
Business Debt Schedule
Business Loan Application
Personal Financial Statement
Schedule of Real Estate Owned
Save Big with a Cornerstone VISA® Business Credit Card!
With rates as low as 9.90% APR*, you can’t go wrong when you choose Cornerstone as your business’ trusted financial partner. We don’t just offer great rates either, with Cornerstone you get access to SPEND | Track for free!
Contact us at BusinessLending@ccfcu.org to get started today.
What is SPEND|Track?
SPEND|Track is an easy-to-use, scalable online application that allows businesses to consolidate administrative activities and tasks like:
-
- making payments
- viewing transactions
- requesting a card
- submitting/viewing/approving expense reports
- opening/managing employee accounts
- managing credit lines
- creating management reports
*APR=Annual Percentage Rate: Membership eligibility required. Subject to credit approval. Must be 18 years of age or older to apply. APRs shown are as of April 30, 2023 and are subject to change at any time without notice. APRs range from 9 .90% APR to 13.90% APR. APR will be determined by creditworthiness. Late payment may result in penalty fees and increased rate. Cash advance fee is 3% and foreign transaction fee is 2% of each transaction
amount in US dollars. Other rates and fees apply.
Choose the checking account that works for you!
With FIT Free Business Checking, our business members enjoy up to 150 free transactions per month with no monthly fee or minimum balance is required! Looking to support your growing business? Try our FLEX Business Checking account with 500 free transactions, quarterly interest on balances over $1,000, and for balances over $10,000, we’ll waive the monthly maintenance fee. Contact us at 716.434.2290 and become a Business Member today!
Liberty Line of Credit
The smart choice when looking to gain access to short-term funding.
Ideal for small businesses to better manage cashflow
Lines available up to $50,000*
Commercial Term Loan
Invest in your business with a Commercial Term Loan.
Equipment Purchases
Debt Refinancing
Expansions
Property Purchase
Commercial Real Estate
Grow your business with a Commercial Real Estate loan.
Purchase or Renovate
Commercial Property
Meet the Cornerstone Business Lending Team!
Jeff Sentiff
SVP, Director of Retail and
Commercial Development
Doug Nelson
VP, Lending Manager;
Product, Pricing, Development
Conner Brooks
Commercial Analytics
Manager
Elizabeth Perri
Business Relationship
Specialist
Martin Murphy
Business and Real Estate
Development Partner
Lucas Brammer
Commercial Risk
Manager
Contact our team at BusinessLending@ccfcu.org for more information on our Business Lending Solutions.
Cornerstone’s Latest Rates
Loan rates are subject to fluctuation as different factors change from day to day.
Check out the current business deposit rates for share certificates, money marketing accounts, and more to find how to earn more with Cornerstone as your partner in business.
Share Certificate Dividend Rates and Annual Percentage Yield*
| TERM | CERTIFICATE TYPE | DIVIDEND RATE | APY |
| 91 day* | Business | 0.499% | 0.500% |
| 6 month* | Business | 0.995% | 1.000% |
| 1 year** | Business | 5.117% | 5.250% |
| 18 month** | Business | 5.117% | 5.250% |
| 2 year* | Business | 0.200% | 0.200% |
| 3 year* | Business | 0.250% | 0.250% |
| 4 year* | Personal | 0.300% | 0.300% |
| 5 year* | Personal | 0.349% | 0.350% |
| + Effective September 14, 2023–APY represents Annual Percentage Yield | ||||||||
| Disclaimer: *Minimum balance to open certificate and earn Annual Percentage Yield is $500 or $50 for members under 18. Not responsible for typographical errors. Fees may reduce earnings. Rates are subject to change at any time. Early withdrawal penalties may apply. Personal and IRA certificates excluded from the above certificate rates. | ||||||||
| ** The 1 year and 18-month member certificate special, including the stated Annual Percentage Yield (APY*), are a limited time offer. Cornerstone Community FCU reserves the right to modify or cancel these offers at any time without notice. Once the promotional rate is applied to a purchased certificate, it will remain in effect for the length of the product term. Penalties apply for early withdrawals from certificates. Personal and IRA certificates excluded from the above certificate rates. Membership eligibility required. Other restrictions may apply. |
Share Dividend Rates and Annual Percentage Yield*
| Product Type | Minimum Balance to Earn Dividends | Dividend Rate | APY |
| Business Money Market* | $2,500 – $49,999.99 | 2.96% | 3.00% |
| Business Money Market* | $50,000 – $249,999.99 | 2.96% | 3.00% |
| Business Money Market* | $250,000 – $999,999.99 | 2.96% | 3.00% |
| Business Money Market* | $1,000,000 – $2,999,999.99 | 2.96% | 3.00% |
| Business Money Market* | $3,000,000 and more | 2.96% | 3.00% |
| Business Premium Money Market** | $25,000 – $249,999.99 | 3.92% | 4.00% |
| Business Premium Money Market** | $250,000 – $999,999.99 | 3.92% | 4.00% |
| Business Premium Money Market** | $1,000,000 – $3,000,000 | 3.92% | 4.00% |
| *Rates effective as of May 31, 2023 |
| **All Annual Percentage Yields (APY) are variable rates and may change without notice. Opening deposits for all premium money market accounts must be new money not already on deposit with Cornerstone of at least $25,000. There is a limit of four withdrawals per month with a minimum of $1,000 per withdrawal. If the account balance falls below $25,000, then dividends will not be issued. Dividends will be paid monthly based on the average daily balance in the account at each tier level. Rates effective for month: May 31, 2023. |
| Product Type | APR | APY | Minimum Balance to Open | Minimum Average Daily Balance to Earn APY |
| Business Regular Shares & Sub Accounts* | 0.010% | 0.010% | $5 | $50 |
| Flex Business Checking* | 0.010% | 0.010% | $5 | $1,000 |
| *Mininum deposit to open CCFCU Business share Account is $5.00. Rates effective quarter ending June 30, 2023. |