Carolina Collegiate Federal Credit Union

Business Accounts

Owning a small business can be stressful. Banking shouldn't be. That's why we offer small business owners an alternative to the traditional impersonal banking experience. At Carolina Collegiate your business has access to the same great products and services that you do personally. Enjoy Stress Free Business Banking with your dedicated Stress Free Business Banking professional, Stacy Peake. Stacy comes to Carolina Collegiate Federal Credit Union with over 20 years of experience in the area of retail and commercial lending and is ready to serve your business.

Below is an overview of the services we can provide to your small business. For more information, email Stacy at or call his office directly at 803.227.5501 or via his cell phone 803.414.7510.

Business Checking Accounts

  • $5,000.00 to open
  • If balance falls below $5,000.00, a monthly service fee of $15.00 will be charged
  • Free interactive online account service
  • Free 24/7 member service call center
  • Free E-Statements
  • Free E-Notices
  • Free bill payment service
  • Two free check cards/debit cards ($10.00 for each additional card)
  • Free nationwide surcharge free ATM network
  • Free automatic transfers
  • Free transfer from overdraft protection
  • Unlimited ATM usage
  • $5.00 safe deposit box discount
  • $5.00 wire transfer discount
  • .25% discount on business loan rates (exclusions may apply) 
  • Identity theft restoration service
  • All Benefits Plus national and local benefits
  • $25 monthly membership fee
  • Up to 800 deposit items each month at no cost (.25 there-after)


  • $1,000.00 minimum daily balance
  • If balance falls below $1,000.00, a monthly service fee of $15.00 will be charged
  • No per check charges
  • Up to 350 deposit items each month at no cost ($0.25 thereafter)
  • One free debit card ($10.00 for each additional card)
  • No monthly service charge fees
  • Unlimited use of any Carolina Collegiate ATM


  • No minimum balance required
  • $100.00 to open
  • No per check charges
  • Up to 150 deposit items each month at no cost ($.25 each thereafter)
  • One free debit card ($10.00 for each add’l card)
  • No monthly service charge fees
  • Unlimited use of any Carolina Collegiate ATM

Business Investment Plus
The Business Investment Plus savings is the primary account a business must have in order to open other business accounts and establish membership. As with personal accounts, a minimum of $25.00 is required. This is an interest-bearing account, and the interest is the same as that of our investment plus savings account.

Business Share Certificates

A share certificate pays a higher rate than the Business Investment Plus Savings Account. There is a $500.00 minimum to open a Business Share Certificate, and the rates and terms are the same as that of our regular personal share certificates.

Business Services
There are no additional fees for using this service. Frequency may be daily, weekly, monthly, bimonthly, etc. Must be scheduled for a specific amount.

An ACH transfer gives a business the ability to transfer funds electronically in or out of the credit union to a third party financial institution. Certain fees and limits may apply.

Depository bags are for the purpose of making deposits after the credit union is closed and on weekends. A key is required to access the depository, which is located at the 4480 Rosewood Drive branch. There is a $25.00 charge for replacement depository keys. Branches will maintain a supply of plastic deposit bags, which business members will be able to purchase at our branches for a charge of $0.10 per bag.

Businesses are required to make quarterly tax payments to the IRS. While Carolina Collegiate cannot accept tax payments at the counter, the electronic payment option is a convenient, safe and secure method for paying taxes. Taxes can be paid via an electronic funds withdrawal, a credit card, or by enrolling in the U.S. Treasury’s Electronic Federal Tax Payment System at Likewise, South Carolina sales taxes can be paid online at

Business Loans and Lines of Credit

A thriving business depends on a continuous flow of resources.  Securing those vital resources at competitive rates can be a challenge, particularly for small companies. Carolina Collegiate fortifies the foundation of any enterprise with a variety of funding options, including Business VISA, lines of credit, term loans and commercial real estate loans.

Online Services

  • No fee online services
  • No fee bill pay (Classic Level)
  • Electronic payroll services
  • Transfers- scheduled or manual
  • Multiple users profiles
  • E-Statements
  • Currency and coin ordering
  • Multi-factor authentication

Merchant Services

Customer convenience is a priority for any business and the Carolina Collegiate Federal Credit Union is helping you accommodate your customers through our Merchant Services Program. Our preferred partner, Electronic Merchant Systems lets you offer convenient, electronic payment methods to your customers while reducing the costs associated with credit card acceptance.

Not only will you realize the savings EMS offers on items like rates and fees, you can also take advantage of loyalty and gift card products developed to help you increase sales and improve customer relationships, giving you a competitive edge.

How will this benefit your business?

You already know that you offer the best products or service to your customers, right? Why not give them choices of how they pay? With our help, you can provide the simple convenience customers have come to expect when paying for your wares with their credit card. It’s easy, efficient and most importantly, will help you grow and manage your business. 

The EMS difference

EMS works hard to bring you the best merchant services solutions available by providing a wide variety of products, services and expertise. All of this, supported by customer care available to you 24 hours a day, 7 days a week, means accepting credit cards has never been easier! Best of all, because you’re a Carolina Collegiate Federal Credit Union member, you get the benefits of low rates and additional savings. 

New to credit card processing or want to learn more? 

EMS will take extra time to help educate you about the basics, so that you can make the best decision for your business. 

Are you tired of paying multiple bills on fees and hardware? 

Do you wish that you only had to pay one bill every month? EMS has taken the steps necessary to make your life a little easier by offering you package solutions. We will help you find the perfect fit for your business. 

More Than Just Credit Card Processing: 

- Check Services – Check Verification & Guarantee Services

- Web Solutions 

- Customized Loyalty and Gift Card Programs

- Wireless Processing

- Retail Point-of-Sale Equipment

- Merchant Funding

- Mobile Processing

- And more




NCUAEqual Housing LenderVerified by Visa
Copyright 2015 Carolina Collegiate Federal Credit Union
Carolina Collegiate Federal Credit Union
Phone: 803.227.5555 • Toll Free: 800.476.5861 • Fax: 803.227.5566
Locations | Office Hours | NMLS ID# 472468
Carolina Collegiate Federal Credit Union is a BBB Accredited Credit Union in Columbia, SC