FACT: Small Business makes up 98% of all business in the USA.
Business Services
MBL Insurance Agency
The MBL Insurance Agency provides another avenue for credit unions to meet their business members’ needs. Insurance products available include:
Business loan approvals are often contingent upon certain insurance requirements. Through its insurance agency, MBL can provide the insurance services necessary to your business borrowers’ needs. The information required to prepare a quote is gathered on the loan application, so MBL can provide timely and efficient quotes to credit union borrowers. Quotations are provided verbally through telephone communications. Upon acceptance of a quote, MBL will prepare the insurance application and collect the first month’s premium from the member.
The MBL Insurance Agency is another manifestation of MBL’s mission to aid, counsel and assist our participating credit unions and the member businesses they serve. Contact Scott Craig, AVP Business Services at 801-325-6189 or scraig@mblllc.com to enroll.
MBL offers a full line of business services products to help you better serve your business members’ needs. Business services available through MBL include:
- Product Development Consultation
- Forms and Procedures
- Business Services Training
- Business Check Products
- Business Visa and Lines of Credit
- Business Remote Deposit
- Merchant Services
- Payroll Services
MBL’s product suite can be implemented as a turnkey program or a la carte to supplement your credit union’s existing product line. Implementation is quick and easy, with little or no cost to your credit union.
Product Development Consultation
MBL will work closely with your credit union to develop the appropriate mix of products and services to meet the needs of your current and future business members. Small businesses need savings, checking, credit/debit card and access to adequate capital to be successful. MBL will guide you through the planning, development, and launch of your business deposit program. Let MBL consult with your credit union to implement all of the necessary products and services for a successful and profitable business deposit program.
Forms and Procedures
There’s no need to invest valuable time and energy in developing new forms and procedures from scratch. MBL provides sample forms and procedures that can be easily customized to meet your credit union’s needs. We have developed a full range of applications and signature cards to facilitate the opening, processing and closing of any type of business account from a Sole Proprietorship to a Corporation. The procedures address crucial topics such as membership eligibility, required documentation, and use of TIN.
Training
Training is key to the successful introduction of any new product and business services is no different. MBL provides “train the trainer” instruction, as well as direct training for internal departments and branch staff. All training includes detailed presentations, training materials, and real life examples. Courses are available for live in-person presentation or on demand through recorded webinars.
Business Check Products
In partnership with Harland-Clark and MBL, your credit union can offer the highest quality and most secure business check products available. Members can choose from traditional desk checks, computer checks, and the latest business accessories. Harland-Clark makes check ordering convenient for your members, while increasing profitability, improving branch efficiency, and enhancing member satisfaction.
Business Visa and Lines of Credit
Small businesses can’t survive without access to capital. With MBL’s help, your credit union can offer the Business Visa Platinum Credit Cards and Revolving Lines of Credit that your members need. MBL provides the program guidelines, applications, and risk assessment expertise.
Business Remote Deposit Capture
Remote Deposit Capture enables faster and more frequent deposits to business accounts. Creative Payment Solutions’ remote deposit capture product reduces returned checks and increases the likelihood of collecting on a check. It also increases efficiency for branch staff, as they spend less time processing business members’ bulk deposits at the teller window.
Merchant Services
Allowing customers to pay with credit and debit cards isn't an option for today’s merchants, it's a requirement. Reliable electronic payment solutions from First Data can reduce the time merchants spend handling other payment types and allow them to focus on serving their customers and making sales. Merchant Services allows business members to accept payment in brick and mortar retail locations, online and over the phone, thereby optimizing revenue streams and attracting more customers.
Payroll Services
Payroll Services are one of the most frequently requested products among business members. Is your credit union equipped to meet this need? Through Co-operative Payroll Solutions, your business members can outsource the time consuming tasks of payroll processing, tax payment tracking, and HR management. All businesses, from the smallest start-up to the business with over 500 employees, can benefit from Co-operative Payroll Solution’s superior service, state-of-the-art technology, and dependable security at a competitive price.
To learn how MBL can help your credit union build a new business services program or add key products to an existing program, please contact Scott Craig, AVP Business Services at 801-325-6189 or scraig@mblllc.com.