Branch History & Mission
Aldersgate Federal Credit Union has a rich history rooted in community support and financial empowerment. Established in 1962, our branch has been a steadfast presence in Marion, IL, located conveniently at 304 Lingale Ave. This central location is not only easy to find but also serves as a welcoming hub for our members. Over the years, Aldersgate has grown alongside our community, now boasting a membership of 810 individuals who trust us with their financial needs. With total assets exceeding $10 million, we are dedicated to providing reliable services that help our members achieve their goals. Our mission is clear: we strive to deliver exceptional financial services while fostering a sense of belonging and support within our community. While members can visit us at 304 Lingale Ave, official correspondence should be sent to PO Box 1790, Marion, IL 62959. Our operating hours are Monday through Friday from 9:30 a.m. to 4:30 p.m., ensuring that we are available when you need us most. At Aldersgate, we understand the importance of accessibility. Although we currently do not have ATM availability or drive-thru banking, we offer personalized services such as checking and savings accounts, auto loans, mortgage loans, and various personal loan options. Each service is designed with the member's best interests in mind. Our commitment extends beyond financial services; we actively engage in community outreach initiatives that strengthen local ties and support those in need. We believe that when our members thrive, the entire community flourishes. Join us at Aldersgate Federal Credit Union today and discover how we can assist you on your financial journey. Whether you're looking for a new loan or seeking guidance on managing your finances, our dedicated team is here to help you every step of the way. Experience the benefits of being part of a credit union that truly cares about its members!
Member Eligibility
At Aldersgate, we believe that everyone deserves a chance to be part of a supportive and welcoming community. Becoming a member is easy! If you live, work, or worship in the Marion area, you're likely eligible to join us. We focus on fostering relationships with our members, making sure you feel valued and supported every step of the way. Enjoy benefits like lower loan rates, personalized service, and a variety of financial products tailored to meet your needs. To get started on your journey with Aldersgate, simply give us a call at (618) 944-0817 for any questions or visit our website at to find detailed eligibility criteria. We can't wait to welcome you into our family and help you achieve your financial goals!
Financial Strength
At Aldersgate, 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 are proud to share our financial strength with you, ensuring that your money is in safe hands. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. With a net worth of $1,003,354, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $960 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 $0 in share certificates and $0 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $477,207, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. We are dedicated to reinvesting in our community and serving you better. With $919,268 in undivided earnings, we invest in innovative banking tools, stronger lending options, and enhanced security measures. Our lending capacity supports members' financial goals across various sectors with $45 in used auto loans and $10,195,522 in total loans and leases. Our efficiency shines through with a reported $16,209, which enables us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 1 full-time employees and 1 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): $220,731. Total Share Accounts: 846, 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, Aldersgate is your trusted partner. Visit us at 304 Lingale Ave Marion Il 62959 or call (618) 944-0817 to learn more about how we can help you achieve your financial goals.
