SOURCE: Meriwest Credit Union

May 24, 2005 09:00 ET

Meriwest Introduces Business Banking to the Community

One of the First Local Credit Unions to Service the Small Business Community

SAN JOSE, CA -- (MARKET WIRE) -- May 24, 2005 -- Meriwest Credit Union, one of Silicon Valley's largest financial institutions, has introduced banking services to small businesses throughout the Bay Area by providing them with benefits that for-profit banks can't provide. Meriwest is one of the first local credit unions to offer business banking services. Meriwest is marketing this service by launching an advertising campaign that makes light of the services banks currently provide small businesses.

Meriwest's Business Banking will provide:

-   Checking with Interest
-   Savings
-   Loans
-   Credit Union Membership for
      Business Employees
-   Online Services -- Online banking, Bill pay,
      e-statements
-   Merchant Services, Payroll Services,
      Business Credit Cards
-   Member Service representatives dedicated to
      servicing the banking relationship
The business banking services will be headed by Richard Borland, Assistant Vice President of Business Banking, who will be responsible for overseeing and monitoring the business loan portfolio, training and supervising staff and creating policies consistent with the credit union's goals. Meriwest's business banking representatives will develop relationships with small business owners to provide the best advice and ideas to ensure the success of their business.

"Our goal and focus is to provide the business community with the products and services that will meet their needs, along with providing the personal attention that business owners demand," said Borland. "In addition, businesses will enjoy significant savings by avoiding the high fees and prohibitive deposit requirements typical of most business banking relationships."

About Meriwest Credit Union

As an established and proactive full-service financial institution, Meriwest is dedicated to making life easier for businesses and families in the San Francisco Bay Area and Tucson, Arizona, through personal, convenient and innovative financial services. More information can be found at www.meriwest.com.

Contact Information

  • Contact:
    Sandra Citrigno
    Meriwest Credit Union
    (408) 365-6383