BANNOCKBURN, Ill.–Great Lakes Credit Union (GLCU) said it has launched an enhanced checking account product for nonprofit businesses.

“As a mission-driven financial institution, GLCU is proud to offer checking accounts tailored to fit nonprofit organizations’ unique needs,” the credit union said in a statement.

The $1.6-billion GLCU said nonprofits that open a checking account with GLCU can earn a competitive 3.00% APY rate on their balances and have access to advanced cash management solutions that support day-to-day banking needs and can improve operational efficiencies.

GLCU added that nonprofit checking account members can benefit from its advanced fraud protection services, ACH origination, remote deposit capture, digital banking services, such as Bill Pay and Mobile Check Deposit and ATM access at more than 5,000 locations.

‘Key Part of Mission’

“GLCU has been helping businesses achieve their goals for more than 85 years, and we’re excited to expand on that tradition by offering enhanced business tools and services to local nonprofits,” VP-Commerical Lending Brian Gawin said in a statement. “Supporting organizations that benefit our local communities is a key part of our mission of banking for a greater good.”