By Daniel Balcazar, AVP of Business Banking | November 2026
It’s 9 p.m. on a Thursday, and you’re still at your desk. You’re not with clients. You’re with logins. One portal for your agency loan. Another for your operating account. Each one works fine. None of them knows the others exist, and none of them knows you.
That’s the problem we set out to fix. We now offer full business banking for Farmers Agents: business checking, savings, money market accounts, treasury services, and business credit cards. The same team that helped you finance your agency can now help you run it.
What changes when one partner sees your whole agency?
For years, many of you started with us when it was time to finance your agency. Then you took your day-to-day banking somewhere else. That made sense, because we didn’t offer it. Now we do.
Here’s why it matters. When you want to buy a book, open a second location, or get through a slow quarter, you shouldn’t have to explain your business from scratch. When your financing and your banking live in one place, your business banking relationship manager already knows your cash flow, your growth plans and what you’re building toward. The conversation about what comes next starts from understanding, not paperwork.
What business accounts does FIG Credit Union offer Farmers agents?
Valuable accounts and practical tools for running your agency day to day, from the team that understands how it’s built:
- Business Checking. Agency money gets its own home, which can help bookkeeping and tax time be easier to manage. We offer three different accounts to match where your agency is today, and where it’s headed.
- Business Savings and money market accounts. Set aside tax reserves, a slow-month cushion, or the down payment on your next expansion before you need it.
- Treasury services. Tools for moving money in and out of your agency, like collecting payments and paying your team, so more of your week goes to the people you serve.
- Business credit cards. Put marketing, supplies, software, equipment, and travel on one card, and see exactly where the money goes. For business purposes only. Subject to credit approval.
- Digital banking. Manage it all from our upgraded digital banking platform, wherever the business takes you.
Why does FIG Credit Union understand how Farmers Agents work?
We’ve served the Farmers family for more than 90 years. We know how agencies are built, how commissions flow, and why Contract Value matters when you’re financing growth. (If you missed our review of what the fastest-growing agencies have in common, our July blog is a good place to start.)
There’s something else, too. We’re Member-owned. When you bank here, you’re not a line on a rate sheet. You’re an owner, and your success is literally ours. Business banking isn’t a side offering for us. It’s the next step in backing the agents who’ve trusted us with their growth.
Why set up business banking before year-end?
Year-end is a natural reset point, and a little work now can make January easier:
- Separate business and personal accounts before tax season.
- Start building reserves for taxes and slower months.
- Get set up before the new year begins.
How do I get started with FIG Credit Union business banking?
It starts with one conversation. You don’t need to figure out which products fit your agency on your own. Talk with your business banking relationship manager or someone on our business banking team, and we’ll help you find the right mix for where your agency is today and where you want it to go.
Ready to bring your agency’s banking home? Call us at 800.877.2345 or connect with us online, or contact the business banking relationship manager in your area today.
This article is provided for educational purposes only and is not intended as financial, legal or tax advice. Members should contact Farmers Insurance Federal Credit Union for guidance regarding their individual situation and consult a qualified tax professional.
Membership eligibility and account approval required. An active FIG Credit Union business membership with a $5 minimum deposit to establish and maintain membership is required. FIG Credit Union is a separate entity from Farmers Insurance Group and its affiliates. Farmers® is a trademark of its respective owner. References to Farmers®, Farmers Insurance Group and Farmers Agents do not imply sponsorship or endorsement by, or affiliation with, FIG Credit Union. Membership eligibility required. Federally insured by NCUA. Farmers Insurance Federal Credit Union. Farmers Insurance Federal Credit Union is an Equal Credit Opportunity Lender.
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