GHS Federal Credit Union has your business covered with convenient checking, savings, business loans, and payment processing. Manage your day to day finances and plan for growth with local support from a team that’s invested in our communities.

Serving eligible businesses across New York and Pennsylvania, with branches in Binghamton and Norwich.

Checking & Savings | Loans & Financing | Payment Processing | FAQ

Business Checking and Savings Accounts

Keep your business finances organized, manage everyday expenses, and put your savings to work.

Business Money Market Plus

Earn higher dividends than a regular savings account with Business Money Market Plus. Grow your business savings while keeping access to your money when you need it.

Business Lending

GHS Federal Credit Union understands that as your business grows, your needs may change. With lending choices to meet your needs and in-house decision-making and support, you can be confident that GHS will help you get the funding you need fast and at competitive, low rates.

Learn about our lending options or see your business partner today to choose the option that is best for your business. The information is listed below.

Business Credit Card

The GHS Business Visa Platinum Credit Card eases the management of your business finances. This card is available to you with a Business Savings and/or Checking Account. Advantages of the Business Visa Platinum Card include:

• Rates as low as 7.90% APR*

• No Annual Fee

• e-Statements

• Online Payment Options

• FREE ATMs nationwide

*Visa rates may vary depending on creditworthiness and underwriting factors. Rates and terms are subject to change.

Contact Your Business Lender

Business Term Loans

• Business Expansion or Acquisition

• Equipment Purchases or Vehicle Purchases

• Permanent Working Capital

Contact Your Business Lender

Business Lines of Credit

With our Lines of Credit, you can create access to funds that are there to support your business when you need them (supplies, equipment, cover cash flow & payroll needs, and more).

• Short-Term Working Capital

• Inventory Purchases

• Meet Seasonal Needs

Contact your business lender

Commercial Mortgage

• Investment Properties

• Owner-Occupied Commercial Building

• Term Up to 15 Years

• No Commitment Fee

• No Prepayment Penalty

• Refinance, Purchase, or Renovate Property

Contact your business lender

Equipment Lines of Credit

• Purchase Equipment or Vehicles

• Simplified Funding

• Effective Way to Manage Capital Expenditures

Contact your business lender

Merchant Services From Paysafe

Your customers may prefer a wide range of payment methods. We can provide the technology to keep up.

GHS FCU has partnered with Paysafe to provide our business partners with the industry’s premier merchant services provider. Paysafe customizes terminal, gateway, and POS solutions to meet the needs of ALL business sizes, enabling merchants to accept payments the way customers want to pay. With over 20 years of experience, Paysafe puts your business and your customers first with personalized support and training 24/7/365 from a team of merchant professionals.

With Paysafe, your business will have payment acceptance wherever your customers are:

Business Accounts FAQ

How do I know if I'm eligible to open a business account?

Whether you own a business or a non-profit, we can provide you with business banking products and services if you live, work, worship, attend school, or volunteer in Broome, Chemung, Chenango, Cortland, Delaware, Greene, Schoharie, Sullivan, Steuben, Tioga, and Tompkins Counties in New York, and Bradford, Susquehanna, and Tioga Counties in Pennsylvania.  

We're here to help you optimize your daily operations – without the burden of expensive fees.

Do I need to pay a fee to use GHS business services?

There's no fee to access our business services. You simply need to make a $1 opening deposit into your chosen account. This is the first step to becoming a member of the credit union. 

After you've opened your initial account, you may need to pay a one-time or monthly fee, depending on which business products you choose to use. Some products, like our FREE Business Checking Account, do not have any application or recurring fees.

Should I choose a business term loan or business line of credit?

Our business lending options are best used for these purposes:
- Choose an installment loan if you need cash upfront to expand or improve your business, to purchase equipment, or if you need funds for working permanent capital. 

- Choose a line of credit for short-term funding such as pending accounts receivable, payroll, or to purchase inventory and supplies.

Which payment processing methods can GHS accommodate?

Thanks to our partnership with Paysafe, we have solutions to cover:
- Transactions when the card is present
- eCommerce solutions to accept online shopping payments 
- Mobile payment methods like Digital Wallet
- Virtual terminals
- Mobile, wireless, or PC-integrated terminals 
- Omni-Channel solutions for a seamless experience
- Credit card processing for Visa®, Mastercard®, Discover® Network, American Express®, Diners Club® and JCB®
- PIN and signature-based debit cards
- Gift cards to bring in new customers

★★★★★

"I have worked with GHS on a number of occasions, and everyone is always responsive and helpful throughout the application process. They are easy to work with, knowledgeable, and explains things in detail. GHS wasn’t institutionalized like other banks and credit unions."
– Jay V., owner of Vandermark Paving, LLC

“GHS goes above and beyond to make sure all the details are complete. Our small business survived COVID, and they were a powerful denominator!”
— Mike M.

“The GHS FCU team have been amazing to work with over the last few years. Whether it’s a phone call or an email, quick responses with the correct answer is always appreciated. The entire team at GHS have the knowledge and expertise to help any person or business owner with any banking needs one may have. GHS is a wonderful entity to bank at, where the people actually know the customer’s name and go above and beyond to make sure all their banking needs are met. I would highly recommend GHS FCU to anyone who is looking for the personalized banking experience that our grandparents used to talk about with such reverence.”
— Matthew C., owner of Conlon Associates