Cannabis Banking

Your business matters, and we take pride in ensuring it receives the dedicated attention it deserves.

TRUE Community Credit Union offers financial services to meet your needs. As a proud member of the Michigan Cannabis Industry Association (MICIA), we strive to serve and support the growth of all businesses and are experienced in helping you navigate your financial path. 

At TRUE Community Credit Union, we offer products, services, and financial resources to assist you in growing and managing your business effectively. Our business accounts are designed to provide you with the financial support you need to succeed. 

With more than 2,000 business partnerships, TRUECCU has become a trusted ally for businesses looking to expand and manage their financial needs. 

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Products and Services to Meet Your Needs: 

  • Security: Your deposit accounts are insured for up to $500,000 through a combination of the National Credit Union Administration (NCUA) and Excess Share Insurance Corporation (ESI) provided by TRUECCU. 

  • Business High Yield Savings Account: We offer competitive rates so you can earn more with TRUECCU. 

  • Share Certificates: Put your funds away and watch your money grow. Your money is safe with TRUECCU. 

  • Digital Banking: Enjoy free Digital Banking so you can access your account when it is convenient for you! You can transfer money, deposit checks, pay bills, access your statements and so much more anytime, anywhere. 

  • ACH Services: Make transaction processing easy, reliable, and secure. 

  • Free Financial Wellness Tools: Access free resources to help manage your finances. 

  • Business Specialists: Receive specialized service tailored to meet your needs, ensuring an exceptional level of attention and support.  

TRUE Community Credit Union Cannabis Related Banking pilot program has a limited number of spaces available. Approval subject to underwriting guidelines. Some restrictions may apply. Membership eligibility guidelines apply. See branch for full details. 

 

Questions:

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What documention do I need to open a Cannabis Related Business (CRB) account?

You will need the following documents to open your account:

  • Business Formation Documentation
  • Business Financial Statements
  • Certification of Beneficial Owners
  • A copy of your Marijuana License
  • Lease or Title
  • Certificate of Insurance

Can I work with anyone to open my account?

You will be able to open your account with one of our dedicated Business Services team members. 

Connect with a Business Service Team Member

Can I have a Debit card?

You will be able to have a Debit Card that can be used on non cannabis items.

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Connect with a Business Service Team Member

Let TRUE Community Credit Union be your trusted financial partner.