Facebook News | Direct Federal Credit Union Introduces Business Banking and Commercial Loans.


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Direct Federal Credit Union Introduces Business Banking and Commercial Loans. 08/05/2019

Direct Federal Credit Union, the fastest growing credit union in Massachusetts, announced the introduction of a full suite of business banking products and services, as well as the introduction of commercial loans. These new products and services will allow Direct Federal to extend its market-leading rates to business owners throughout Norfolk and Middlesex County. Last year, Direct introduced commercial real estate loans for 5-12 Unit Residential Investment Properties, 1-4 Family Investment properties, and Owner-Occupied Commercial Real Estate.

Business banking deposits and commercial loans now available through Direct Federal include Business Checking, Business Savings, Business Money Market, Business Certificates (CD), Online and Mobile Banking, Working Capital Lines of Credit, and Commercial Auto Loans.

An ardent supporter of the local community, Direct Federal has engaged businesses across Norfolk and Middlesex County for the past three years with their Direct@Work Program. Partners of the program can offer their employees financial wellness programs and deposit and loan incentives.

The Direct Federal business banking and commercial loan team will be led by Chris Teachout, Vice President of Business Banking. Teachout will be joined by Jessica Glezellis, Business Development Manager and Doreen Gorman, Business Development Specialist. The team comes with decades of experience with small and mid-sized businesses in Norfolk and Middlesex County. All three are actively involved in Chambers and business networking groups throughout the region.

“Direct is committed to helping local businesses reach their financial goals.” said Chris Teachout, Vice President of Business Banking at Direct Federal Credit Union.  “We are excited to provide area businesses with an exceptional level of personal service. We want to help our neighboring businesses succeed in every way possible.”

Direct Federal is conveniently located off Route 95 in Needham and has been in business since 1953. To learn more about Direct Federal Credit Union, visit www.direct.com.