Money Minutes | General Electric Credit Union Blog | Financial Resources

What to Look for in a Business Checking Account

Feb 10, 2022 | 4 minute read

You started a business to be your own boss and to share your ideas, services, and products with the world (or, just the Tri-State area!). You’re passionate about what you do, and you need banking...


Venmo, Paypal must report annual business transaction totals over $600

Jan 14, 2022 | 2 minute read

Is your social media feed full of headlines about a $600 IRS reporting change for Venmo or Paypal transactions? There’s been a lot of confusion and misinformation surrounding this provision, and it’s...


How Big of a Business Loan Do I Need?

Dec 7, 2021 | 3 minute read

You narrowed down your ideas and wrote up a business plan – now, you need the capital! When it comes to business loans, you may not be sure how much you really need. The guide below walks through the...


A Short Guide to Small Business Bookkeeping

Jun 17, 2021 | 3 minute read

You love being a small business owner. But doing taxes? Not so much.


3 Possible Ways to Secure Funding for a Business

Jun 2, 2021 | 4 minute read

Not every aspiring entrepreneur can go on a TV show to secure funding for a business idea. From business loans to investors, there are a myriad of options to help you make it happen! Review the...


Do You Know the Best Option for Structuring Your Business?

May 17, 2021 | 3 minute read

Do you have an amazing idea, but you’re not sure where to start when it comes to structuring the business? First off, congratulations on your new venture! Below are four different structure types and...


Retirement Plan FAQs for Small Business Owners

May 10, 2021 | 6 minute read

Want insight on starting a business? Check out General Electric Credit Union's (GECU) How to Start a Small Business webinar series, with free upcoming webinars this May and June. 


5 Types of Checking Accounts Explained

Mar 10, 2021 | 5 minute read

A checking account is designed to provide easy access and management of your money. Having one is vital to keep track of your money and manage your income and expenses. With most checking accounts,...


5 Hidden Things that Put Your IT Systems At Risk

Oct 22, 2020 | 4 minute read

There are certainly many threats when it comes to technology, and as a small business owner, it is vital to understand the threats that could put your IT systems at risk. In today’s environment, as...


Cybersecurity Best Practices for Small Businesses

Apr 30, 2018 | 5 minute read

The impact of the Equifax data breach that compromised the personal data of over 145 million individuals has left many confused, frustrated and downright angry. And while massive attacks on large...