Community Choice/Business/Interest on Lawyers Trust Accounts (IOLTA)

IOLTA

Boost client confidence

Earn on any balance
Dividends paid to MI State Bar Foundation
24/7 account access
No maintenance fees
No transaction fees
Online capabilities

Place short-term client funds into pooled dividend-bearing accounts, and the interest earned goes directly to the Michigan State Bar Foundation to support charitable purposes.

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Benefits that make an impact

The helpful way to stay in line with the legal standard.

Ethical compliance

Secure solution for keeping client funds separate from your own to prevent commingling of funds.

Convenience

Simplify the management of client funds without setting up separate accounts for each client.

Earn interest for charitable purposes

Interest earned is directed toward Michigan State Bar Foundation for charitable organizations and public service programs.

Minimal impact on clients

Hold nominal client funds for short periods with minimal financial impact on clients.

Hear from happy members

“I have started a new business banking relationship with CCCU. I am very impressed with how the team members are so helpful and accommodating. Appreciate that very much. Great team! I look forward to a very successful banking relationship with CCCU. Thank you.” Ken R.
“It was a wonderful experience, I felt welcome, and they gave a lot of insight about how Community Choice can help me and help my business grow. They went above and beyond. I really appreciate them!” Kef M.
“I can’t say enough about my fantastic experience with Community Choice Credit Union, especially my collaboration with Donna Bashi. Donna’s unwavering availability, exceptional responsiveness, and personable approach make my clients feel at ease and well taken care of. The outstanding service provided by Community Choice Credit Union has not only simplified my work but also given my clients peace of mind about their finances. I wholeheartedly recommend Community Choice Credit Union to every new client, knowing they’ll receive unparalleled service and support. Working with Donna and this credit union has been a game-changer for my business and my clients’ financial well-being.” Charlene R.

Related to IOLTA

Money Market

Treasury Management

Commercial Real Estate

Lines of Credit

Building better community, one member at a time

We know that when our members are living well and enjoying healthier finances, our communities are better off. That’s why we offer smart solutions and great banking benefits.

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