Pension plans, health savings accounts, financial education – we offer it all.
Introduction
Running a business is more than just taking in money and materials. You may need to learn about business credit, offer perks to your employees, and handle plenty of other details. Maybe it would be great to offer your employees incentives for their loyalty, like pensions or a matching contribution to retirement accounts.
We can help you with all of it.
How can we help you?
SEPs - Simple Pensions
Our Simplified Employee Pension plans (SEPs) let you make tax-deductible contributions to your employees' Individual Retirement Accounts. It's a great employee benefit that builds loyalty. And loyal employees are more productive employees.
SEPs let employers like you take advantage of much greater contribution limits than are available with regular IRAs. And there's no extensive record-keeping, government filing, or legal work required.
For details and eligibility requirements, visit any Visions branch office and request a SEP starter kit. Or contact our Deposit Services/IRA Specialist at 800.242.2120, ext. 10542.
HSAs – Health Savings Accounts
Medical expenses can be stressful. Having a Heath Savings Account (HSA) can help.
This tax-advantaged account is designed specifically to help pay for medical expenses for people who have a high-deductible healthcare plan (HDHP). If you have employees who are members of Visions and have an HDHP, here's why an HSA could be a great benefit for your team:
- Account holders and employers can make contributions
- Balances earn tax-exempt dividends
- Funds can be withdrawn at any time
- Accounts can be monitored in digital banking
Plus, our HSAs have no monthly fees and all balances roll over from year-to-year or plan-to-plan!
To start investing in your staff's wellness and financial well-being, email BusinessDevelopment@visionsfcu.org.
Free Financial Counseling and Education
Understanding credit can be challenging, but it doesn't have to be!
Our certified Financial Wellness Officers can provide free financial counseling and education for business owners as well as employees, whether you're a Visions member or not. Topics like business credit, budgeting, or mortgages can be discussed in a confidential, one-on-one setting or taught as a group seminar. We offer educational resources online, too!
To get started, you can contact our Financial Wellness Team at education@visionsfcu.org. Learn more.
...and more to support your business!
Visions Federal Credit Union cannot open accounts for local governments or businesses/organizations that deposit public and/or municipal funds.
Business Articles
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Beginner's Guide to POS and Payment Processing
To accept online, mobile, and in-person card payments, your business will need to find solutions for payment processing and point of sale (POS). These essential technologies impact businesses both in terms of day-to-day processes and long-term scalability. When approaching POS and processing solutions, consider: Industry Compatibility, Software and Hardware Comparisons, Bundles, Processing Fees, Deposit Time, and more.
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Resources for Business Owners
Believe it or not - we don’t have all the answers. Sure, we’re an excellent resource for financial knowledge, products, and services, but there’s a lot more to running a business. Here are a few other resources and opportunities, unaffiliated with Visions, that you may want to consider for your small business goals.
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Shop Around to Avoid Fees
Are you being charged per transaction? As a business owner, you have enough to worry about. You work hard for your money and shouldn’t be paying any extra or unnecessary costs. Instead, save yourself the expense and the hassle by finding a financial institution that has little to no fees.
