1st Gateway Credit Union Sterling IL | Low Mortgage Rates & Auto Loans

Introduction

Welcome to 1st Gateway, your trusted financial partner located at 2536 E Lincolnway, Sterling, IL 61081. Since our establishment in 1953, we have proudly served our community with a commitment to providing exceptional financial services tailored to the needs of our members. With a total membership of 10,597 and assets amounting to an impressive $158,926,749, we are dedicated to helping you achieve your financial goals. At 1st Gateway, we understand that banking is more than just transactions; it's about building relationships and supporting our community. Our experienced team of 47 employees, led by CEO Pat Drennen and Board President Kerry Kennedy, is here to assist you with everything from personal banking solutions like checking and savings accounts to auto loans, mortgages, and business financing. While members can visit us at our branch address, official correspondence should be sent to 2536 E Linconway, Sterling, IL 61081-3052. We are here to ensure that all your banking needs are met with convenience and care. With total deposits reaching $24,330,586 and a net worth of $22,942,409, we are financially sound and ready to serve you better. Our commitment extends beyond numbers; it's about making a positive impact in our community through responsible lending practices and various member services. We invite you to explore our range of offerings by visiting our website at 1st Gateway. Whether you're looking for loans or simply want to manage your accounts online or via mobile banking, we're here for you every step of the way. Feel free to reach out at (815) 564-0367 for any inquiries or visit us during our operating hours: Monday through Friday from 7:30 AM to 5:30 PM and Saturday from 7:30 AM to Noon. Join us today and experience the difference that a member-focused credit union can make in your financial journey!

Branch History & Mission

Commitment to Community

Throughout our history, we have actively engaged with the Sterling community through various outreach programs and partnerships. We believe in giving back and supporting local initiatives that foster growth and development. Whether it's sponsoring events or providing financial education workshops, we take pride in being a part of the fabric of Sterling. Our dedication extends to ensuring that every member feels valued and supported. Our operating hours are convenient; we welcome you Monday through Friday from 7:30 AM to 5:30 PM and Saturday from 7:30 AM to Noon. With drive-thru banking available and ATMs on-site, we aim to make your banking experience as smooth as possible.

Embracing Innovation

In addition to our community focus, we are committed to utilizing technology that makes banking easier for you. From online banking and mobile payments to e-statements and person-to-person transfers, we offer modern solutions that cater to your lifestyle while maintaining high standards of security. As we look ahead, 1st Gateway remains dedicated to upholding our mission of providing outstanding service and support to all members. We invite anyone interested in joining us on this journey to explore the benefits of membership at 1st Gateway. Experience personalized financial services tailored just for you because at 1st Gateway, your success is our priority! For more information or to become a member today, please call us at 815-564-0367 or visit our website at 1st Gateway. Join us as we continue building a brighter future together!

Branch Location & Accessibility

Nearby Landmarks and Accessibility

You'll find us near popular spots like the Sterling Rock Falls Historical Society and the local parks, which makes visiting even more enjoyable. Our branch is designed with accessibility in mind, featuring ramps and ADA-compliant facilities so everyone can feel welcome. Plus, there's ample parking available right outside our doors.

Operating Hours

We are here for you during the week from 7:30 AM to 5:30 PM, and on Saturdays from 7:30 AM to Noon. We want to ensure that your banking experience fits into your schedule!

Services Offered

At 1st Gateway, we offer a wide range of services tailored to meet your personal and business banking needs. Whether you're interested in checking and savings accounts, auto loans, or mortgage refinancing, our friendly staff is ready to assist you. Plus, enjoy the convenience of our drive-thru service for quick deposits and withdrawals without leaving your vehicle. With an ATM available on-site, accessing your funds has never been easier. Feel free to reach out to us at 815-564-0367 with any questions or simply drop by for a visit! We're excited to help you with all your financial needs at 1st Gateway!

Member Eligibility

At 1st Gateway, we believe that becoming a member is like joining a warm, welcoming family where your financial needs are prioritized. If you live, work, or worship in the area around 2536 E Lincolnway Sterling Il 61081, you're likely eligible to join us! We open our doors to individuals who share our community spirit, and we can't wait for you to experience the benefits of membership. You'll find great rates on loans and savings, personalized service, and a variety of financial products designed just for you. To learn more about the specific eligibility criteria and how you can become part of our community, feel free to check out this detailed resource: http://www.1stgateway.org/switchkit.html. When you're ready to take the next step, opening an account is a breeze simply visit https://1stgateway-dn.financial-net.com/web/enrollment or give us a call at (815) 564-0367. We're excited to help you start your journey with 1st Gateway!

Business Banking & Commercial Services

Lending Options for Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We also support the broader business community with $48 in non-member commercial loans, providing flexible financing solutions. Imagine having access to the capital you need to purchase new equipment, hire staff, or open another location. With our loan options, your vision can become a reality.

Merchant Services That Make Transactions Easy

In addition to loans, we offer merchant services that simplify your payment processing. Picture this: your customers can pay quickly and securely using various methods credit cards, mobile payments, or even contactless options all while you enjoy streamlined transactions that keep your focus on running your business smoothly. Whether you're based in Sterling, IL, or anywhere nearby, 1st Gateway is here to partner with you in achieving your goals. Let's work together to turn your business dreams into success!

Comprehensive List Of Services

Accessibility

Located at 2536 E Lincolnway Sterling Il 61081, our branch is equipped with an ATM for easy access to cash whenever you need it. If you're ever unsure about what we offer or have questions about opening an account, don't hesitate to reach out at (815) 564-0367. Our friendly staff is ready to assist you! In closing, whether you're seeking personal banking solutions or business financing options, 1st Gateway has something for everyone. Visit us today or explore more about our services at Sterling. Let us be part of your financial journey!

Business Banking

For business owners in our community, we offer comprehensive Business Banking solutions. Whether you need Merchant Services to process transactions or are looking for Business Loans to expand your operations, we're here to help you succeed.

Digital Banking Convenience

At 1st Gateway, we know convenience matters. That's why we provide robust Online & Mobile Banking services. You can manage your accounts from anywhere pay bills, transfer funds, and check balances right from your smartphone or computer. With features like ATM & Cash Withdrawal Services, accessing your money has never been easier. We also offer basic drive-thru banking for quick transactions like deposits and withdrawals, making it simple for you to get in and out without hassle.

Personal Banking

One of the cornerstones of our offerings includes Personal Banking services. We understand that managing finances can be overwhelming, which is why we provide user-friendly Checking & Savings Accounts designed for everyday use. Imagine having a place where you can easily deposit your paycheck and watch your savings grow with competitive interest rates. If you're considering buying a new car, our Auto Loans & Vehicle Financing options can help you drive away in no time. We offer flexible terms and competitive rates that fit into your budget. For those dreaming of homeownership, our Mortgage Loans & Refinancing services are here to guide you through the process from start to finish. When life throws unexpected expenses your way, our Personal Loans & Debt Consolidation options can provide relief and simplify your payments. Plus, with our Credit Cards with Rewards, you can earn points on every purchase while enjoying low-interest rates.

Digital & Online Banking

Enhanced Security and Accessibility

We prioritize your security every step of the way. Our digital banking services use robust encryption technology to ensure that your personal information remains safe. You can also take advantage of mobile payments for a quick and secure way to make purchases without needing cash or cards. Sending money to friends or family is a breeze with our person-to-person transfer feature. It's perfect for splitting bills or sending gifts without any hassle. With everything available online, you'll find managing your finances is not only easier but more efficient than ever before. In summary, 1st Gateway's digital banking services are designed to offer you flexibility, security, and control over your financial life. So why wait? Dive into the future of banking today at https://www.1stgateway.org/!

Key Features of Our Digital Banking Services

With 24/7 online banking services, keeping track of your money has never been simpler. You can quickly check balances, transfer funds, and pay bills all from the comfort of your own space. Plus, our mobile application offers the same features right at your fingertips, making it easy to manage your finances while you're out and about. For those who enjoy paperless options, we provide electronic statements. This not only helps you stay organized but also contributes to a greener environment by reducing paper waste. And if you need to sign documents quickly? No problem! Our electronic signature authorization allows you to complete transactions without the hassle of printing and mailing paperwork.

Financial Strength

At 1st Gateway, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We understand that trust is built through transparency and performance, which is why we want to share key insights about our financial strength. With a net worth of $22,942,409, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,444 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $44,174,843 in share certificates and $24,734,148 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $10,106,815 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment to lending is evident with $2,535 in used auto loans and $127,021,194 in total loans and leases, supporting our members' financial goals across various sectors. Our $965,000 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 44 full-time employees and 3 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Net Shares (Funds available for lending and investments): $31,226. Total Share and Deposit Accounts: 21,184, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, 1st Gateway is your trusted partner. Visit us at 2536 E Lincolnway Sterling Il 61081 or call (815) 564-0367 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Loan Offering

Additional Loan Options

Our lending products also include total auto loans amounting to $5,070 and credit lines reaching $36,863,564. We aim to provide you with versatile options that meet diverse financial situations. If you're considering refinancing, check out our eligibility options available at this link. We encourage you to explore how our offerings can be tailored to your circumstances. For any questions or further assistance, feel free to contact us at (815) 564-0367 or visit us at our branch located at 2536 E Lincolnway Sterling Il 61081 in Sterling, IL. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Join us today and let us help you navigate your financial journey!

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $29,533,975 in used vehicle loans and $12,237,683 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new model or a reliable pre-owned vehicle, our flexible terms can help you drive away with confidence.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $6,054,676, make buying or refinancing simple. We guide you through each step of the process so you can focus on making your house a home.

Unsecured Credit Card Loans

Managing everyday expenses is easier with our flexible unsecured credit card loans. While we currently have a total of $0 in loans available to help our members stay on top of their finances effectively, these options offer convenience and peace of mind.

Loan Aggregator

Accurate Loan Comparisons

LendMesh ensures accurate loan comparisons by sourcing data directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This commitment to transparency means users can trust that they are viewing fair offers that reflect current market conditions.

Benefits of Using LendMesh

- Verified Data: All loan offers are sourced from legitimate financial institutions, ensuring transparency throughout the comparison process. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results for every user. - Real-Time Rate Comparisons: With up-to-date loan rates from multiple institutions, users can easily find the best options available at any given moment. Thousands of users trust LendMesh for loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This kind of feedback highlights how effective this tool can be in securing better financial outcomes. Compare real-time loan offers today at LendMesh and find the best rates for your needs. *Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.*

1St Gateway