Why Small Businesses Thrive with Credit Unions

Small businesses are the lifeblood of our local economy. They bring innovation, vibrancy, and jobs to our communities—and they deserve a financial partner who’s just as invested in their success. That’s where First South Financial Credit Union comes in.

As a not-for-profit, member-owned financial institution, we offer personalized service, lower fees, and competitive rates that help small businesses grow and thrive. But we also do more than that. Our specialized business products are built with your unique needs, from daily operations to long-term expansion.

Here’s why more local businesses are choosing credit unions—and how First South Financial is helping them reach their goals.

Why Credit Unions Are the Smart Choice for Small Business Banking

Unlike traditional banks, credit unions like First South Financial exist to serve our members, not generate profits for shareholders. That difference shows up in powerful ways for small businesses:

• Lower fees and better rates: We offer business banking services with fewer fees and highly competitive interest rates, so your money stays where it belongs: in your business.
• Personalized service: You’ll never be just a number here. Our local business specialists get to know you and your goals so we can offer real guidance, not cookie-cutter solutions.
• Community investment: Every loan we fund and every account we open supports local jobs, families, and entrepreneurs. We're proud to reinvest in the places we live and work.

How First South Financial’s Business Products Power Your Growth

We know that small business owners wear a lot of hats. That’s why we’ve built a full suite of business banking products and services that make managing your finances easier—and help you plan for what’s next.

Business Checking and Savings Accounts

Our accounts are designed to simplify your financial management with low costs and powerful tools.

• Low or no monthly maintenance fees
• Free online and mobile banking access
• Business Boost Money Market Accounts with competitive tiered rates
• Savings options for emergency funds and long-term goals

Business Loans and Lines of Credit

Whether you’re upgrading equipment, expanding locations, or simply covering seasonal cash flow, we’ve got flexible funding options tailored to your needs.

• Term loans for equipment, vehicles, or renovations
• Lines of credit for working capital
• Commercial real estate loans to help you own your space

Merchant and Payroll Services

Save time and streamline your operations with tools that let you focus on customers, not administrative tasks.

• Accept debit and credit card payments with ease
• Set up online/mobile payment acceptance
• Access payroll and HR solutions with direct deposit capability

Digital Banking Tools That Keep You Connected

Manage your business from anywhere with secure, 24/7 access to your finances.

• Mobile check deposit and fund transfers
• Bill pay and custom alerts
• Comprehensive reporting and tracking

Local Relationships That Make a Difference

At First South Financial, we go beyond offering products—we build relationships. Our team is here to support you at every stage of your journey, from launching your first business to expanding into new markets. We listen, advise, and make local decisions quickly—because your time matters.

And as a credit union rooted in community, we actively support small business development through sponsorships, partnerships with local chambers of commerce, and volunteer efforts that strengthen the local economy.

Join the Movement: Build Your Business with First South Financial

This Small Business Week, we’re celebrating the entrepreneurs and visionaries who power our communities. We’re proud to be your financial partner—and we’re ready to help your business go further.

Explore our Small Business Services

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