Advanced Financial Scotch Plains NJ Credit Union | Best Auto Loans & Business Banking

Introduction

Welcome to Advanced Financial, your trusted credit union in the heart of Scotch Plains, NJ. Since our establishment in 1965, we have been dedicated to serving our community with a personal touch and a commitment to financial well-being. Located at 383 Park Ave, Scotch Plains, NJ 07076, we pride ourselves on being more than just a financial institution; we are a supportive partner in your financial journey. With over 6,772 members and total assets exceeding $108,976,666, Advanced Financial stands strong as a pillar of the community. Our dedication to excellence is reflected in our total deposits of $10,288,511 and a net worth of $16,864,485, ensuring that your money is safe and working for you. We offer a wide range of services including personal banking options like checking and savings accounts, auto loans, mortgage refinancing, and even business loans tailored for local entrepreneurs. Our team of 28 employees is led by CEO Sandra Mullins and Board President Arthur Marquardt, who are both committed to providing exceptional service and fostering relationships that matter. Whether you're looking for assistance with loans or simply want to explore your financial options, we're here to help. While members can visit us at our branch location for personal service, please note that official correspondence should be sent to the same address: 383 Park Avenue, Scotch Plains, NJ 7076. We invite you to experience the Advanced Financial difference. To learn more about how we can support your financial goals or if you have questions about our services, don't hesitate to reach out at 908-771-0300. Join us today and see how together we can build a brighter financial future!

Branch History & Mission

Join Us

We invite you to experience all that Advanced Financial has to offer. Whether you're looking for checking accounts, auto financing, or credit cards with rewards, we're here for you every step of the way. Visit us at 383 Park Ave or give us a call at 908-771-0300 for more information. Together, let's build a brighter financial future!

Our Mission

At Advanced Financial, our mission is simple yet impactful: we exist to empower our members by providing accessible financial solutions while fostering strong community ties. We believe that by supporting each member's financial journey, we can contribute positively to the community at large. Our operating hours are designed for your convenience open Monday through Friday from 8 AM to 4 PM ensuring that you can reach us when you need assistance most. While we currently do not offer ATM or drive-thru services, our dedicated staff is always ready to help you with your banking needs inside our welcoming branch. In addition to financial services like personal banking and business loans, we actively engage in partnerships and outreach efforts within the community. We believe that giving back enriches both us and those around us.

Our Story

Located at 383 Park Ave in Scotch Plains, NJ, Advanced Financial has deep roots in this vibrant town. We strive to be more than just a financial institution; we aim to be a trusted partner in our members' lives. Our commitment is reflected in our total assets of over $108 million, which allows us to offer a wide range of services tailored to meet the diverse needs of our community. As we look back on our history, we celebrate key milestones that have shaped who we are today. From expanding our loan offerings to include auto loans and mortgages to embracing digital advancements like online banking and mobile payments, we've continuously adapted to provide the best service possible. Although our headquarters is located in New Providence, NJ, our heart lies right here in Scotch Plains.

Branch Location & Accessibility

Conveniently Located

Our branch sits just a stone's throw away from local landmarks like the Scotch Plains Library and the bustling downtown area, making it easy for you to combine errands with a visit. Plus, parking is ample and straightforward, so you can pop in without any hassle. We also prioritize accessibility, ensuring that everyone can visit us comfortably.

Get in Touch

We invite you to visit us at Advanced Financial today! If you have any questions or need assistance before stopping by, don't hesitate to give us a call at 908-771-0300. Your financial journey starts here let's make it a great one together!

Operating Hours

At Advanced Financial, we understand your busy schedule. That's why we're open Monday through Friday from 8 AM to 4 PM. Our dedicated staff is ready to help during these hours, providing personalized service tailored to your banking needs.

Services Offered

While you're here, take advantage of our wide range of services! From checking and savings accounts to auto loans and credit cards with rewards, we've got everything you need for personal and business banking. While we currently do not have ATM services or drive-thru banking available, our team is always ready to assist you inside the branch. If you need to send official correspondence, please note that it should be directed to our mailing address: 383 Park Avenue, Scotch Plains, NJ 7076.

Member Eligibility

At Advanced Financial, we believe that everyone deserves to be part of a welcoming community where financial dreams can flourish. Becoming a member is simple and open to anyone who lives, works, or worships in our vibrant Scotch Plains area. You can easily check your eligibility by visiting our detailed guidelines at http://www.advfinfcu.com/banking-savings. Once you confirm you're eligible, the next step is just as easy! You can open your account online through this link: https://advfinfcu-dn.financial-net.com/web/enrollment. If you have any questions or need assistance during the process, feel free to give us a call at (908) 771-0300. We're excited to welcome you into the Advanced Financial family, where you'll find personalized service and a range of financial products designed with your needs in mind.

Business Banking & Commercial Services

Loan Options That Support Your Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $40 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $1 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $11,315,286, we continue to drive economic growth by financing new and expanding businesses.

Practical Merchant Services

In addition to loans, we offer merchant services designed to simplify payment processing. Picture this: Your customers can easily pay via credit card or mobile payment options while you manage your cash flow efficiently. Our merchant services help reduce transaction times and improve customer satisfaction key factors that can keep your business thriving. For personalized support and more information about how we can assist your business at Advanced Financial, located at 383 Park Ave Scotch Plains Nj 07076, Scotch Plains, NJ, contact us at (908) 771-0300. Let's work together to achieve your business goals!

Comprehensive List Of Services

Accessing Your Funds

While we currently do not have ATM services at our branch located at 383 Park Ave Scotch Plains NJ 07076, our online banking provides various options for cash withdrawals and other transactions from the comfort of your home. If you have any questions or wish to learn more about how we can assist you with your financial journey, don't hesitate to reach out! Call us at 908-771-0300 during our lobby hours from 8 AM to 4 PM, Monday through Friday. We are here to serve you! Visit us at Advanced Financial today!

Auto Loans & Vehicle Financing

Thinking about purchasing a new car? Our auto loans and vehicle financing make it easier for you to hit the road. We understand that a reliable vehicle is essential for many of our members. That's why we offer competitive rates and flexible terms to ensure you drive away with the best deal possible.

Business Banking

For small business owners in Scotch Plains, we offer comprehensive business banking services including merchant services and business loans. We recognize how crucial it is for businesses to have reliable banking support that helps them grow.

Credit Cards with Rewards

Our credit cards come with rewards that benefit you every time you make a purchase. Whether you're treating yourself or managing daily expenses, earning rewards can make every dollar count.

Digital Banking Features

In today's fast-paced world, convenience is key. Our online and mobile banking features allow you to manage your finances anytime, anywhere. With options for e-statements and mobile payments, staying on top of your finances has never been easier.

Mortgage Loans & Refinancing

Homeownership is a significant milestone in anyone's life. At Advanced Financial, we provide mortgage loans that cater to first-time homebuyers and seasoned homeowners alike. If you're considering refinancing your current mortgage, our team can guide you through the process to find solutions that fit your financial goals.

Personal Banking

When it comes to personal banking, we offer checking and savings accounts designed with your everyday needs in mind. Imagine having the convenience of easy access to your funds through our online and mobile banking platforms. You can check balances, transfer money, and pay bills right from your smartphone or computer. For those moments when life requires a little extra financing, our personal loans and debt consolidation options can help ease your financial burden.

Digital & Online Banking

Access Anytime, Anywhere

With our 24/7 online banking services, you can check your account balance, transfer funds, and pay bills whenever you need to. Just visit us at https://advfinfcu.com/ to get started. Our user-friendly interface ensures that even those new to online banking will find it easy to navigate.

Convenient Features for Everyday Banking

We also provide e-statements, allowing you to access your account statements electronically. This not only helps reduce paper clutter but also makes it easier for you to track your spending. If you're always on the move, you'll love our mobile application, which puts all these features right at your fingertips.

Easy Transactions Made Simple

Need to send money to a friend? Our person-to-person transfer feature makes it quick and hassle-free. And if you're looking to make payments directly from your phone, our mobile payments option has got you covered. At Advanced Financial, we believe that banking should fit into your lifestyle without any extra hassle. Whether you're accessing your accounts through our website or using our mobile app, we've designed our services with you in mind ensuring that managing your finances is straightforward and secure every step of the way.

Stay Secure with Confidence

Your security is our top priority. We offer electronic signature authorization, giving you peace of mind when signing documents online. Plus, your sensitive information is protected with advanced encryption methods, ensuring that your data remains safe while you bank digitally.

Financial Strength

A Solid Foundation

With a net worth of $16,864,485, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,542 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Growing Trust

We are excited to report that we have a total of 11,272 share accounts, showcasing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments) stand at $971,652, highlighting our commitment to supporting your financial aspirations. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Advanced Financial is your trusted partner. Visit us at 383 Park Ave Scotch Plains Nj 07076 or call (908) 771-0300 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.*

Investments in Growth

With $13,455,202 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $203 in used auto loans and $53,434,315 in total loans and leases.

Member-Centric Savings

Your savings are secured through $23,389,676 in share certificates and $8,642,870 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.

Operational Efficiency

Our commitment to operational efficiency is reflected in our $0 which enables us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 25 full-time employees and 3 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $3,268,051 in used vehicle loans and $2,358,585 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new model or a reliable used vehicle, we have options that fit your budget.

Business Financing

For business owners, our outstanding commercial loans totaling $11,315,286 provide the capital needed to grow and expand. Whether you're starting a new venture or looking to invest in existing operations, we're here to support your business journey.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $5,833,200, make buying or refinancing simple. We provide competitive rates and flexible terms to help you navigate the process smoothly.

Refinancing and Eligibility Options

If you're considering refinancing any existing loans or exploring eligibility options for our products, don't hesitate to reach out. Our knowledgeable staff is available at (908) 771-0300 during our operating hours from 8 am - 4 pm, Monday through Friday, ready to assist you. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Visit us today at 383 Park Ave Scotch Plains Nj 07076 or check out our website at https://advfinfcu.com/ for more information on how we can help you achieve your financial dreams!

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $1,730,396 in loans helping members manage their finances effectively. These cards can be a great tool for everyday purchases and can help build your credit when used responsibly.

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