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business services

Member Business Loans

OUCU Member Business offers a wide range of credit options to help you grow into the business that you want to become.

Business Term Loans

  • Perfect for short-term financing and cash flow needs or long-term working capital and equipment
  • Loans up to $7 million

Business Line of Credit Loans

  • Use for seasonal working capital, inventory and accounts receivable needs, small equipment purchases and other small projects
  • Monthly payments of interest of the outstanding balance required
  • Easy access to your money - you can transfer online, phone your request or visit OUCU to receive your money

Business ReadyLine of Credit

When you run your own business you have to be ready to tackle whatever challenges you face.

ReadyLine can help you:

  • prevent overdrafts
  • access short-term working capital
  • handle unexpected expenses

The ReadyLine of Credit links to your business checking account to automatically transfer funds in case of overdrafts. Credit limits range from $1,000 to $5,000.

Transfer anytime through online banking, by phone or at a branch. You only pay interest on the amount you use.

To get started complete the ReadyLine of Credit Application. You'll need to complete, save and drop off printed copy or email securely via our secure email service. Registering for this email service is easy and will keep your information secure. DO NOT send the application through regular email channels.

There is a 60 month draw period. Minimum monthly payments on each loan account are 2% of the outstanding balance, but not less than $20.00.


Member Business Loan Application

Download and view our member business loan packet (PDF) (You'll need Adobe Acrobat Reader to view and print this PDF file). Once you've completed the information and included all necessary documents, please drop it off to Donna Russell at any OUCU office or mail to OUCU, Attn: Donna Russell, P.O. Box 476, Athens, OH 45701.

For more information on any of our member business financing options, contact Donna Russell, Manager of Member Business Services, located at our E. State Street office, at 740.597.2816 or member.businesses@oucu.org

New Beneficial Ownership Requirement

A new federal regulation now requires all financial institutions to now obtain, verify and record identifying information for all “beneficial owners” of legal entities.

If you have a business relationship with us, no immediate action is necessary on your part and this change will not impact your existing business accounts. If you choose to open a loan or deposit account in the future, we will need to collect this information, including the renewal of a loan or share certificate.

EACH time an account is opened for a covered Legal Entity, we are required to ask you for the name, address, date of birth, social security number, and identifying documentation (i.e. driver’s license) for:
• Each individual who directly or indirectly owns 25% or more of the legal entity, AND
• One individual with significant control of the legal entity (i.e. CEO, CFO, General Partner, Treasurer, etc.)

If you are opening an account on behalf of a legal entity, you will be required to provide the appropriate documentation to certify that this information is true and accurate to the best of your knowledge.

We understand the information requested through beneficial ownership is sensitive; it is required in order for us to comply with the law. All information collected by Ohio University Credit Union is securely stored and handled with our strict privacy policies.

Beneficial Ownership Certification Form (PDF)