Gesa Credit Union launches five new commercial banking deposit products to better service their commercial members
The credit union has added new products to its Commercial Banking line to better serve the diverse needs of its commercial members across all markets in Washington, Oregon, and Idaho.
RICHLAND, WA (November 6, 2023) — Gesa, a community-focused credit union, recently expanded its commercial banking product line with five new specialty deposit products created to address the diverse needs of its commercial members across Washington, Oregon, Idaho. Today’s launch is designed to provide businesses and government agencies more choices to serve their commercial banking needs.
Gesa will service these new specialty deposit accounts by their dedicated Commercial Banking team and Commercial Banking Contact Center.
The new products join Gesa’s diverse portfolio of business deposits products, treasury management services, and commercial loan offerings. They are specifically designed to assist businesses such as law firms, real estate agencies, property management companies, and government agencies. They include the following:
- Business IOLTA (Interest on Lawyer’s Trust Account): Available in Washington, Portland and Kootenai County, this interest-bearing trust account is exclusively for lawyers and law firms and allows client funds to generate interest for the state’s Legal Foundation.
- Business IRETA (Interest on Real Estate Trust Account): Available in Washington and Portland for Real Estate Brokers, this account earns interest on pooled client funds, which are used to fund housing programs.
- Business RETA (Real Estate Trust Account): For Kootenai County Real Estate Brokers, this non-interest account is designed for depositing pooled client funds.
- Nonprofit Interest Checking: This checking account with tiered interest rates caters to nonprofit organizations across Washington, Portland, and Kootenai County.
- Municipality Interest Checking: A checking account with tiered interest rates for Washington commercial members.
“Over the last 15 years, Gesa has been fortunate enough to create long-lasting relationships with businesses of all sizes across the Northwest,” said Don Miller, President and CEO of Gesa Credit Union. “We understand that there are unique needs and challenges that small and mid-sized businesses face, and today’s product launch is designed to address that. At Gesa, we believe that with the right tools and resources, we can help businesses and government agencies with their commercial banking needs.”
To learn more about Gesa and its commercial banking product offerings, visit https://www.gesa.com/ or call our dedicated Commercial Banking Contact Center at (833) 322-1893.
About Gesa Credit Union
Gesa Credit Union is one of Washington’s largest credit unions with over $5.5 billion in assets and is nearly 290,000 members strong. Gesa is a full-service financial institution that offers a complete array of consumer, mortgage, and business products and services. Headquartered in Richland, Washington, Gesa operates 29 branches, loan centers, full-service student-operated campus branches at Washington State University, and 13 student-operated high school branches across Washington state. The Gesa Community Foundation, established in 2022, further supports Gesa’s ongoing commitment to local communities and charitable giving, which includes support for schools, Local Heroes groups, and community organizations through its Affinity Debit Card Program, as well as through its annual youth scholarships, and free financial and educational resources available to members and the general public. For more information, visit gesa.com.
