LAKE MARY, Fla. — Addition Financial Credit Union said it has launched treasury management services as part of an expanded business banking platform, adding a range of cash management tools designed to help businesses streamline operations, reduce risk and better manage cash flow.
According to the credit union, the new offering provides business members with a more comprehensive suite of financial services through a single provider, including business banking, small business lending, commercial lending and treasury management solutions.
What Platform Includes
The new treasury management platform includes:
- ACH origination for secure electronic payments.
- Merchant services for accepting payments in person, online and on mobile devices.
- Payroll services with payment processing and compliance support.
- Positive Pay to help detect fraudulent checks and ACH transactions before they are processed.
- Remote deposit capture for electronic check deposits.
- Domestic wire origination.
The Lake Mary-based credit union said the expanded services are intended to help businesses improve operational efficiency while maintaining the relationship-based service model it offers members.
‘Support for Every Stage of Growth’
“Addition Financial is committed to investing in the local businesses that help our community thrive,” Chief Growth Officer Miriam Mitchell said in a statement. “By expanding our business platform with customized accounts, Treasury Management services, and a team of experienced financial professionals, we’re able to support businesses at every stage of growth.”
President and CEO Kevin Miller said the new capabilities strengthen the credit union’s ability to serve businesses with a broader range of financial tools and expertise.
“The addition of comprehensive Treasury Management services strengthens our ability to serve businesses with the financial tools and expertise they need to achieve their goals,” Miller said in a statement. “Our commitment means that we constantly strive to be the trusted partner of business. When local businesses succeed, the communities they support become stronger, creating lasting value for everyone we serve.”
