Save with purpose. Grow with intention.
At Ellafi, we believe that where you keep your money matters. That’s why we’ve created business savings solutions designed to empower entrepreneurs who lead with purpose and support those who do. Whether you're just getting started or preparing for your next big step, our Business Savings Account helps you build a foundation for long-term success—with tools and support rooted in trust, not transactions.
Why Ellafi?
As a credit union centered on women and those who support them, we know business is more than numbers. It’s about impact, courage, and community. When you open a Business Savings Account with Ellafi, you’re not just earning dividends—you’re joining a movement of mission-driven businesses committed to building something better.
Business Savings Features
- No monthly maintenance fees
- Earn dividends with no minimum balance
- Federally insured up to $250,000 by the NCUA
- Access to member-first support from our team
- Online banking tools to help you save and grow your goals
Whether you're building a cash reserve, saving for expansion, or preparing for seasonal swings, Ellafi’s Business Savings Account gives you the flexibility to plan your way—with a partner who sees your whole vision.
Who We Serve
We’re proud to work with:
- Women-owned businesses
- Entrepreneurs and changemakers
- Mission-aligned organizations
- Allies and advocates who believe in inclusive leadership
We’re here for the builders, the dreamers, and the difference-makers—because we know success is more powerful when it’s shared.
What You’ll Need to Open a Business Account
Opening a business account at Ellafi is simple — and we’re here to make the process as smooth as possible. To help you get started, we’ve put together a handy Business Account Opening Checklist that outlines the documents and information you’ll need to open your account.
Whether you’re launching a new business or moving your accounts to Ellafi, this checklist will guide you step-by-step so you can come prepared and save time.
This checklist includes:
- Required documents based on your business type
- Identification requirements
- Tax and licensing information
- What’s needed for additional authorized signers
Download the Business Account Opening Checklist
If you have any questions or want help gathering the right documents, our team is happy to assist. Let’s build your business—together.
Let's Get Started?
To open a Business Savings Account, contact us or stop by one of our branch locations.
We’ll walk you through the steps and answer any questions you have—so you can get started with confidence.
- Call us at (860) 346-6614
- Or stop by a nearby branch
- Prefer to email? Reach us at business@ellafifcu.org
Everyone is different, and that impacts how you handle money. With Enrich Financial Wellness, simply answer a few quick questions and the platform will build a personalized action plan to enhance your money management skills. Enrich Financial Wellness is free for all Ellafi members! When you sign up, you gain access to:
Financial recommendations tailored to you- Suggested content on everything from budgeting to saving for retirement
- An analysis of your money personality
- Video tutorials with easy, everyday money tips and tricks
- In-depth financial courses with progress tracking
- And more!
Sign up and start learning in less than 10 minutes.
Make an appointment with our team in the branches!
Do you have questions about your account? Do you need to apply for a loan or a credit card?
If you schedule an appointment online, you can choose the time and date that works best for your schedule to come into a branch. You can avoid waiting in the lobby when you need financial help.
Explore More Business Solutions
Want more from your financial partner? Learn about our Business Checking and Small Business Loans options designed to move with you.