About - Belco Community Credit Union

Overall Feedback:

Edited - I don't like some of the policies at Belco but the staff are very friendly and helpful so I did edit this review to 3 stars.We were looking for a local bank for our growing small business that we wanted to be able to work with. At the meeting with their banker they seemed like a perfect fit. But that illusion was shattered shortly after moving our money into their institution.First we were looking for a commercial line of credit. About 1/5 of the amount that we keep on deposit. Despite what the banker had originally told us Belco doesn't actually offer this in-house. Rather they outsource it to a third party with a shady reputation and charge points on top of that. Second, we were looking to set up a few IRAs. Again, outsourced to a third party with plenty of negative reviews floating around. Third, we twice tried to wire money to pay our vendors. The 1st time I was told to schedule an appointment for later in the week. But the money needed to be sent the same day. And the 2nd time I was told by Jen that they had actually researched the individual I was trying to send a wire to and he had a questionable reputation. Are you kidding me? Stay away from this place. I don't need a bank that wants to outsource the work to some company with no local accountability. I don't want a bank that go above and beyond to try to thwart my growing business. I want a bank that will be our local partner and will work with our business and sadly, Belco is not it.