Simple Business Banking

Q: Does the credit union offer business loans?

Yes, we do offer a variety of loans for our business members. You can visit our Business Loans page or contact our business lending department at 313-386-2200 x1202.

Q: Is the Community Room at the Southgate office available for my business/organization to use for a meeting or event?

The DownriverCU Community Room (located in our Southgate office on 15261 Trenton Rd., just south of Eureka Rd.) is a state-of-the-art meeting facility that is available for use by local businesses, organizations, and community groups on a limited basis mainly during the credit union's regular business hours. The facility features approximately 1,200 square foot conference room space which can be used for business meetings, workshops, training sessions, networking events, online video-conferencing, and more! Click here to learn more about the Community Room or to request a reservation

Q: How do I sign up for Online Banking?

If you are a current member, you can use the "Enroll Now" link which is located in the Online Banking section on each page of our website. If you are not a current member, please contact a Member Services Representative who would be happy to get you started!

Q: How do I register a business name in the State of Michigan?

The procedure for registering a business name in the State of Michigan would vary dependent on what type of business entity you are forming. If you are seeking to file an Assumed Name on the County level, please visit the Wayne County website for instructions. If you are filing a Partnership, LLC, Corporation, or other entity, please visit the State of Michigan's Business website . Please visit DownriverCU's Business Resource page for other links that may prove helpful to your business!

Q: How do I apply for a Federal EIN/Tax ID for my business?

You can apply for a Federal EIN/Tax ID Number from the IRS using their online application form . Please visit DownriverCU's Business Resource page for links to other sites that may prove helpful for your new or existing business.

Q: Where is Downriver CU located and what are your hours?

Downriver Credit Union has three office locations: Ecorse (4320 W. Jefferson), Southgate (15261 Trenton Rd.), and Woodhaven (18707 West Rd.). Our office hours are: Monday through Thursday, 9:00 AM to 5:00 PM and Friday, 9:00 AM to 6:00 PM. Drive-Thru Only hours on Saturday, 9:00 AM to 1:00 PM. Please click here to view our locations and hours .

You have enough to manage as a business owner. Banking should be simple.

At Downriver CU, we make business banking easy with one straightforward package designed to help you manage your money with confidence and spend more time focusing on your business.

Our Simple Business Banking Package includes Simple Business Savings and Simple Business Checking, providing simple access to the tools you need to support your goals and accomplish great things.

Use the tabs below to learn more about our Simple Business Banking Package, what is needed to open an account, and how to order business checks.

Simple Business Banking

What Is Needed To Open?

Check Orders

Business Banking That Keeps Things Simple

You started your business to serve customers, grow your ideas, and accomplish great things. Your banking should help make that easier.

The Simple Business Banking Package from Downriver CU gives business owners a straightforward way to manage everyday finances without sorting through complicated account options.

What’s Included

The Simple Business Banking Package includes two interest-bearing accounts designed to work together:

Simple Business Savings — establishes and maintains your business membership.
Simple Business Checking — helps you manage everyday business transactions.

Simple Business Checking Benefits

No minimum balance
No monthly service charge
No transaction limits

Membership Requirement

A minimum of $2,000 in Simple Business Savings is required to open and maintain your business membership.

How to Get Started

To prepare for opening your account, visit the What Is Needed to Open? tab above and review the guide to Opening a Downriver CU Simple Business Banking Account .

When you are ready to open an account, apply for a loan, or ask questions about the process, our team is here to help.

Call Downriver CU today to get started with Simple Business Banking.

Business Banking Fee Schedule

Simple Business Savings
Effective Date: Friday, June 12th, 2026
Name	Fee
Minimum Balance	$2,000.00*
Interest-Bearing	Yes
Online Banking	FREE

Simple Business Checking
Effective Date: Friday, June 12th, 2026
Name	Fee
Minimum Balance	0.00*
Monthly Service Charge	None
Transaction Allowance	Unlimited
Per Transaction Fee	None
Per Item Fee	None
Monthly Service Charge	None
Interest-Bearing	Yes
Online Banking	FREE
Online Bill Pay	FREE
VISA Debit Card	FREE
Notary Service	FREE
Wire Transfer-Incoming	FREE
Wire Transfer-Outgoing	$20.00
Foreign Wire Transfer	$30.00
Returned Item Fee	$5.00
Check Printing	Free Starter Check Order
Overdraft Protection	Available
Payroll Services	Available
Merchant Services	Available
Business VISA Credit Card	Available
* Minimum of $2,000 in the Savings to open and maintain business membership. Other fees may apply. Please review the Downriver CU Fee Schedule for a complete list of fees.
** Maximum amount allowed for FREE Starter Check Order is $100.00.

Already Have an Older Business Account?

If your business account was opened prior to May 24, 2021, please visit the Business Basic Checking or Business Builder Checking pages for applicable account guidelines and fee information.

Frequently Asked Questions

These frequently asked questions may help you better understand Simple Business Banking.

Does the credit union offer business loans?

Is the Community Room at the Southgate office available for my business/organization to use for a meeting or event?