Need help getting started?
Give us a call at (409)726-2255
Helping Southeast Texas Businesses Grow
At DuGood Credit Union, we’ve been proudly serving Southeast Texas since 1962. We are deeply rooted in this area, it’s our home as well, and we understand the needs of your business.
When you partner with DuGood, you’ll receive quality service from people you know and trust. All decisions and servicing are handled right here locally, at the credit union.
BUSINESS SERVICES
Business Saving Accounts
Once you become a member, you'll enjoy no monthly service fees, paid dividends, nationwide access, secure online digital services, and so much more.
Business Checking Accounts
Our business checking accounts offer no monthly service charges, no minimum balance requirements, and no per item fees.
Money Market Accounts
An ideal savings choice to consider when you meet the minimum balance requirement of $2,000, as they earn a higher dividend rate than our basic savings account.
Debit Cards
Our debit cards are accepted anywhere you see the MasterCard logo worldwide.
Health Savings Accounts
Be prepared for current and future medical expenses. A Health Savings account will make your healthcare costs more manageable.
Certificates
Our certificates are ideal if you are looking for a higher guaranteed rate of return on a minimum deposit of $1,000 with terms ranging from 3 to 60 months.
Merchant Debit and
Credit Card Services
Most consumers rely on their debit or credit card to make purchases. Offer your customers a smooth, hassle-free experience. By accepting all major debit and credit cards at point of sale and receiving online reports.
Investment Services
With investment services, available through CUSO Financial Services, L.P. (CFS*), you and your employees can start a relationship with our CFS* Financial Advisor. We provide a wide array of financial products and services from simple retirement accounts to the most sophisticated financial or estate planning.
COMMERCIAL REAL ESTATE LOANS
We make it easy for you to get the money you need. Whether you’re ready to buy, build, expand, or refinance, our experienced Commercial Lending Specialists can customize a loan to fit your business needs. We finance up to 80% loan‑to‑value on commercial and investment properties.
Commercial Property
- Office Buildings
- Retail Properties
- Unimproved Property
- Warehouse Properties
Investment property
- Single-family Residential
- Multi-family Residential
- Apartment Complexes
Construction
And Development
We can help with your next development project. Our Construction and Development loans offer competitive rates and flexible terms.
- Subdivision Development
- Custom Homes
- Spec Homes
- Permanent Mortgage Financing for Customers
- Unimproved land
OTHER BUSINESS LENDING OPTIONS
We offer a wide array of business loans tailored to meet your needs. In addition to financing property, we have options that can help you purchase equipment or vehicles, provide working capital and more!
EQUIPMENT AND MACHINERY
- Medical equipment
- Industrial equipment
- Agricultural equipment
- Professional equipment
- Fleet vehicles
BUSINESS CREDIT CARDS
- Low introductory rate on purchases and balance transfers
- Credit limits ranging from $1,500 to $50,000
- Multiple plastics can be issued under one governing business account
- No annual fees
- No cash advance fees
- No over-the-limit fees
- 25-Day grace period on purchases
BUSINESS LINES OF CREDIT
- Working capital
- Purchase inventory
- Secure and unsecured
- Fast, easy, and convenient
DuGood is an approved Small Business Administration Lender, and offers SBA Loans.
GETTING STARTED
Business Membership
Membership is open to anyone who lives, works, or worships in Chambers, Hardin, Jasper, Jefferson, Liberty, Newton, Orange, or Tyler County.
When you open a new business account, we’ll also need a copy of your business formation documents. Depending on the type of business, those could include (but are not limited to):
- EIN Paperwork
- Articles of Incorporation
- Assumed Name Certificate
- Certificate of Formation
- Certificate of Filing
Business Loans
When you apply for a business loan at DuGood, you can feel confident knowing that we’ll walk you through the entire process step by step. Unlike other financial institutions, our Business Loan decisions are made and serviced right here at the credit union. Here’s what you’ll need to get started.
- Business Application
- Personal Financial Statement
- Business Debt Schedule
Then, submit to our Commercial Lending Department along with:
- Name of business owners and percent of ownership
- Last three years of filed business and/or personal tax returns
- Last three years of balance sheets and income statements
READY TO GET STARTED?
HERE ARE A FEW WAYS WE'VE HELPED OTHERS JUST LIKE YOU.
BEN, LUMBERTON, TX
"DuGood has helped me grow my business and personal portfolio when no one else would. They have grown over the years but I can still pick up the phone and speak with my business banker daily. People say old school banking is dead...
I say call DuGood."
RICKY, VIDOR, TX
"Blake Worthey did an amazing and very professional job. Start to finish. He made the process easy and able to be done entirely at a distance through online and app use. Great and friendly communication."
DARLENE, PORT NECHES, TX
"Blake Worthey was EXCELLENT! He was informative and easy to work with. He helped move the process through quickly, since we were on a short timeframe. GREAT EXPERIENCE!"
Meet our Commercial Lending Team
Blake Worthey
Chief Lending Officer
(409) 241-2261
Email
Cassidy King
Commercial Lending Administrator
(409) 241-2267
Email
request a call back
Commercial Loan Application
Stop by our Commercial Lending Center at 1795 N. Major Drive in Beaumont.
Or give us a call at (409) 241-2255
GET ANSWERS TO FREQUENTLY ASKED QUESTIONS
How can I become a Business Member at DuGood?
You can become a Business Member by opening a Business Savings Account with just $5. Business formation documents are needed to open the account.
What types of Business Accounts does DuGood offer?
DuGood offers several different kinds of Business Accounts:
- Sole Proprietorship
- Partnership
- Corporation (Profit)
- Corporation (Non-Profit)
- Limited Liability Company (LLC)
- Association/Organization Accounts (Non-Profit)
Will DuGood sell my Business Loan to another institution?
Unlike other financial institutions, all our Business Loan decisions are made and serviced locally, right here at the credit union. We will not sell your loan to another lender.
What types of services can DuGood offer my business?
DuGood is pleased to offer the following services for businesses:
- Savings
- Certificates
- Business Checking (with dividends)
- Debit Cards
- Money Market Accounts
- Merchant debit and credit cards services
- Health Savings Accounts
We also offer the following business lending services:
- Business Credit Cards
- Lines of Credit
- Equipment and Machinery Loans
- Fleet vehicles
- Commercial Real Estate Loans
- and more
What documents and forms will be needed to apply for a business loan?
The following documents will be needed when applying for a DuGood business loan:
- Business Application
- Personal Financial Statement
- Business Debt Schedule
- Articles of incorporation, Assumed Name Certificate, Partnership Agreements, Corporate Resolution, etc.
- Name of business owners and percent of ownership
- Last three years of filed business personal tax returns
- Last three years of balance sheets and income statements
| Sole Proprietorship (without EIN) |
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| Sole Proprietorship (with EIN) |
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| Limited Liability Company |
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| General Partnership, Limited Liability Partnership, or Limited Partnership |
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| Corporation |
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| Non Profit Organizations (Religious, Charitable, Educational, Recreation, Club, or Tax Exempt) |
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