Business Banking

Small Business Owners – We Thank You

According to the US Small Business Administration, a small business is defined as any business with 500 or less employees. In 2018, there were approximately 30.2 million small businesses employing 58.9 million workers. As you walk down the street of your hometown, many of the products and services you purchase are from local businesses – your local car mechanic, your … Continue reading
Florist standing with arms crossed

Business Succession Planning

We’ve all been guilty of putting off important responsibilities because they are time-consuming or stressful.  For many business owners, transitioning their business can be a daunting task.  However, having a valid blueprint for transitioning a business is vital to the success of a long term plan.  According to a 2015 survey conducted by U.S. Trust, some of the main reasons … Continue reading
Man looking at glass wall with data

Benefits of Banking Locally

Communities thrive because of the people in them and the businesses who help them live their lives conveniently and on their terms. Having a trusted partner in your community to help you with your financial needs keeps money moving in the local economy and provides jobs. According to Stacy Mitchell, “Small businesses, which create the majority of new jobs, depend … Continue reading
Coffee shop worker on tablet

Regulation Changes for Business Accounts

At Allegacy Federal Credit Union we believe in always doing the right thing for your wellbeing and this includes making sure we are always in compliance with legal regulations concerning your accounts. Since the 9/11 tragedy, identity regulations, especially for financial institutions, have become more and more stringent. Beginning May 11, 2018, Allegacy, like all other financial institutions, will be … Continue reading

Dreaming of Becoming a Business Owner

You had a dream. You turned your passion into your life’s work. There’s an old saying, “Do what you love and you’ll never work a day in your life.” That’s only partially true. Little did you know that actually running a business is, in fact, work. So what does it take for a business to be successful? A great product … Continue reading
Dreaming of Becoming a Business Owner