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Serving members worldwide since 1935.

Business Banking

  • Business Checking
  • Business Savings
  • Money Market Account

Find the accounts you need without the fees you'll find elsewhere.

Open Account

Full Rate Details
Account Disclosures

Our Business Solutions Program is designed to empower your business to achieve a brighter financial future.

Business Savings

With the ease and convenience our credit union is known for, we can offer you a more business-friendly alternative to the high fees you are used to at regular banks. Because, after all, we are Member-Owned, Member-Focused and Member-Operated.

Prime Share Accounts

These basic dividend-earning savings accounts are the backbone of our savings program. Prime Share accounts earn dividends from the date of deposit to the date of withdrawal. Dividends are compounded and paid out each quarter.

A Prime Share account must be opened with a minimum deposit of $50. Subsequent deposits can be made in any amount. A minimum balance of $50 is required to retain your membership in the credit union.

Variable-Rate Certificate Accounts

Variable-Rate Certificates are share accounts that are held for specific terms, in exchange for higher dividend rates. There are penalties for withdrawal before the end of the term, but you can make additional deposits in any amount at any time.

Fixed-Rate Certificate Accounts

We offer five-year, four-year, three-year, two-year, one-year or, for a limited time, a seven-month fixed rate certificate account at a very competitive rate. Fixed Rate certificate accounts are held for specific terms, in exchange for higher dividend rates. There are penalties for withdrawal before the end of the term.

Business Checking

We offer two types of business checking accounts, based on the number of transactions performed within the account on a monthly basis. Basic Business Checking is designed for those businesses that need a simple checking account and have lower transaction activity. Business Commercial Checking is designed for businesses with high transaction activity each month.

Both Business Checking Accounts Offer:

  • Our Mastercard® Debit Card
  • Free e-Statements
  • Mobile Deposit

Basic Business Checking

In addition to the features listed above for both Business Checking Accounts, Basic Business Checking also features:

  • $100 minimum opening balance.
  • No monthly maintenance fee.
  • Allows 200 free transactions a month (see business fee schedule for details).
  • Designed to make your business banking easy, convenient and affordable.


Business Commercial Checking

In addition to the features listed above for both Business Checking Accounts, Business Commercial Checking also features:

  • $1,000 minimum opening balance.
  • Allows 200 free transactions a month (see business fee schedule for details).
  • Offers an earnings credit that can help you offset your transactions and maintenance fees.


Money Market Accounts

We offer both personal money market accounts and business money market accounts. The two accounts are similar in most respects. There’s no maintenance fee for either account. You can open either account with any deposit; however the minimum balance at which you start earning dividends for personal money market accounts is $2,500 and $10,000 for business money market accounts. You must maintain the minimum balance for the entire monthly statement cycle to earn dividends.

Have Questions? Just ask.
Open an Account

Full Rate Details
Account Disclosures

Required Documents

To open a business account, the following documentation is required:

  • Certificate of Fictitious Name, Corporate Charter, Partnership Agreement or Articles of Incorporation.
  • IRS letter for non-profit status (if applicable).
  • Proof of physical address of the business.
  • Identification for each owner, officer or authorized signer.
  • Business TIN or EIN.

Boost Your Employee Compensation Package

Become a Select Employee Group (SEG) at Lafayette Federal and give your employees membership to one of D.C.'s premier financial institutions. Your employees will enjoy special member benefits and there's no cost to your company. Find out more

  • Debit Card Transaction

    Stop carrying around cash and upgrade to a Mastercard® Credit Card.


    Safe, convenient, customizable

  • First Trust Mortgages

    If you're buying a home or just looking to refinance and lower your rate, you’ll enjoy a quick and easy process.

    Rates as low as 3.043% APR*

  • Investment Services

    Learn about Lafayette Investment Services and Retirement Solutions, through CUSO Financial Services, L.P.*

    Access your investment portfolio