Allcom Credit Union Worcester MA | Best Auto Loans & Business Banking

Introduction

Welcome to Allcom, your trusted financial partner located at 4 E Central St, Worcester, MA 01613. Established in 1922, we have been dedicated to serving our community for over a century, building relationships based on trust and reliability. With a total membership of 3,999 individuals, we pride ourselves on being more than just a credit union; we're a vibrant part of the Worcester community. At Allcom, we understand that your financial journey is unique. That's why we offer a wide range of services tailored to meet your needs from personal banking solutions like checking and savings accounts to auto loans and mortgage refinancing. With total assets amounting to an impressive $79,933,158 and total deposits reaching $8,860,084, you can feel confident knowing your money is in good hands. Under the leadership of our CEO, Laura Ybarra, and Board President, John Naughton, our team of 17 dedicated employees works tirelessly to provide exceptional service. We also maintain a solid net worth of $12,841,955, which reflects our commitment to financial stability and growth for our members. While members can visit us at our branch location for all their banking needs during our lobby hours from 10:00 AM to 4:00 PM Monday through Friday, official correspondence should be sent to our mailing address at PO Box 851, Worcester, MA 1613. Join us at Allcom today! Whether you're looking to open an account or need assistance with loans and financing options, we invite you to reach out by calling us at 508-754-3166 or visiting our website at www.allcomcu.org. Let's work together towards achieving your financial goals!

Branch History & Mission

A Legacy of Commitment

From our humble beginnings nearly a century ago, Allcom has blossomed into a vital financial institution with a membership base of nearly 4,000 individuals. With total assets reaching an impressive $79,933,158, we are dedicated to providing our members with reliable and accessible financial services. Our mission is simple yet profound: we aim to empower our members through education and support while fostering a strong sense of community.

Community-Centric Values

Our commitment extends beyond just banking; we believe in uplifting the communities we serve. Through various partnerships and outreach programs, Allcom actively participates in initiatives that enhance the quality of life for residents in Worcester and surrounding areas. We strive to ensure that financial health goes hand-in-hand with community growth. While members can visit us at 4 E Central St Worcester Ma 01613 for all their banking needs, official correspondence should be sent to PO Box 851, Worcester, MA 1613. We pride ourselves on being accessible and responsive to our members' inquiries.

Innovation Meets Tradition

In today's fast-paced world, Allcom embraces technological advancements while maintaining our traditional values. We offer online banking services that allow you to manage your finances conveniently from anywhere. Our digital tools include mobile applications and e-statements designed for your ease. Although we currently do not have ATM or drive-thru services available, our dedicated team is here during lobby hours from Monday through Friday from 10:00 am to 4:00 pm to assist you directly.

Join Us Today!

At Allcom, every member counts. We invite you to become part of our family where personalized service meets innovative solutions. Explore how we can help you achieve your financial goals by visiting us or checking out more information on our website at allcomcu.org. Experience the difference that comes with being a member of Allcom where your success is our mission!

Branch Location & Accessibility

Convenient Access and Services

At Allcom, we prioritize your banking experience. While our main branch address is 4 E Central St, official correspondence can be sent to PO Box 851, Worcester, MA 1613 if needed. We understand that accessibility is crucial; our location offers ample parking and features that comply with ADA standards. Whether you're visiting us for personal banking or need help with loans and services, our team is here to assist you. Our lobby hours are Monday through Friday from 10:00 AM to 4:00 PM, making it easy for you to find a time that fits into your busy schedule. While we currently do not have ATM services or a drive-thru option, our staff is always ready to help you with any transactions or inquiries inside the branch.

Why Choose Allcom?

Choosing Allcom means choosing a credit union that cares about its members. We offer a variety of services including checking and savings accounts, auto loans, mortgage options, and even business banking solutions. With personalized service and community focus at our core, we're dedicated to helping you reach your financial goals. We invite you to come visit us at Allcom or give us a call at 508-754-3166 if you have any questions! Our friendly team looks forward to welcoming you to the Allcom family!

Member Eligibility

At Allcom, we believe that everyone deserves a chance to be part of a community-focused financial family. Becoming a member is simple and welcoming! To join us at our branch located at 4 E Central St Worcester Ma 01613, you just need to meet a few friendly criteria. Generally, anyone who lives, works, or worships in the area can apply. We're all about inclusivity and ensuring our community thrives together. For specific details on eligibility, feel free to check out our website at https://www.allcomcu.org/about-allcom/join/. Once you know you're eligible, opening an account with us is a breeze! You can get started right away by visiting our account opening page at https://www.allcomcu.org/apply-for-a-loan/. If you have any questions or need assistance during the process, don't hesitate to give us a call at (508) 754-3166. Join us today and experience the benefits of being part of Allcom where your financial wellbeing is our top priority!

Business Banking & Commercial Services

Business Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In today's fast-paced world, having reliable merchant services can set your business apart. Whether you're a retailer or a service provider, our merchant services help streamline your payment processes, making transactions easier for you and your customers. Picture this: a customer walks into your store, makes a purchase effortlessly with their card, and you receive the funds quickly it's that simple! Visit us at 4 E Central St Worcester Ma 01613, Worcester, MA, or call us at (508) 754-3166 to learn how we can help your business grow!

Comprehensive List Of Services

Auto Loans & Vehicle Financing

If you're considering purchasing a new car, our Auto Loans & Vehicle Financing options can help you drive away in the vehicle of your dreams. We offer competitive rates and flexible terms, ensuring you get the best deal possible. Imagine cruising down the highway in a new car, knowing that you secured an affordable loan right here at Allcom.

Business Banking

For our local entrepreneurs, we offer comprehensive Business Banking solutions including merchant services and business loans. Running a business is challenging, but with our support, you can focus on growth while we take care of your banking needs.

Credit Cards with Rewards

With our Credit Cards with Rewards, every purchase brings benefits! Use your card for everyday expenses and earn rewards that can be redeemed for various perks. It's like getting paid to shop!

Digital Banking Features

At Allcom, we recognize the importance of digital access in today's world. Our robust Online & Mobile Banking platforms allow you to check balances, transfer funds, and pay bills anytime, anywhere right from your smartphone or computer. Plus, our ATM and cash withdrawal services ensure that accessing your money is always easy. As we continue to grow and adapt to the needs of our members, we invite you to explore all the services available at Allcom. For any questions or assistance, don't hesitate to reach out at (508) 754-3166 during our operating hours from Monday through Friday between 10:00 am and 4:00 pm. Discover how we can help improve your financial journey today! Visit us online at Postal Branch or stop by our branch for personalized service tailored just for you!

Mortgage Loans & Refinancing

For those looking to buy a home or refinance their current mortgage, our Mortgage Loans & Refinancing services make the process straightforward. We provide personalized support to help you navigate the complexities of home financing. Picture yourself settling into your new home, enjoying peace of mind knowing you have a reliable partner in Allcom.

Personal Banking

We understand that managing your finances can be overwhelming, which is why we offer Personal Banking options like checking and savings accounts. Whether you're saving for a rainy day or managing everyday expenses, our accounts come with features designed for ease of use and accessibility. You can easily access your funds through online banking or mobile banking, making it convenient to manage your money from anywhere.

Personal Loans & Debt Consolidation

Life can sometimes throw unexpected expenses your way. Our Personal Loans & Debt Consolidation services are designed to help you manage these situations effectively. Whether it's consolidating debt or funding a special project, we work closely with you to find a solution that fits your budget and lifestyle.

Digital & Online Banking

At Allcom, we understand that convenience and security are essential for managing your finances in today's fast-paced world. That's why we offer a robust suite of digital and online banking services designed to make your life easier, all while keeping your information safe. With our 24/7 online banking services, accessible at https://www.allcomcu.org/, you can check your account balances, pay bills, and transfer funds whenever it suits you. Whether you're at home or on the go, you have real-time access to your accounts right at your fingertips. Our online platform also supports person-to-person transfers, allowing you to send money to friends or family quickly and securely no need for cash or checks. Plus, our mobile application makes banking on the go even simpler, offering all the essential features you need in one user-friendly space. Want to keep track of your spending? Our e-statements feature provides easy access to your monthly statements without the hassle of paper clutter. And with electronic signature authorization, signing documents has never been easier or more secure. While we currently do not support mobile payments, rest assured that we're continually working to enhance our offerings based on member feedback. In summary, whether you're checking your balance during a lunch break or managing your budget from the comfort of your couch, Allcom is here to provide you with accessible, easy-to-use online banking solutions tailored to fit your lifestyle. Experience the freedom of modern banking with us today!

Financial Strength

Commitment to Growth

Our commitment to growth is reflected in our $11,443,500 in undivided earnings, which allows us to reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. With $317 in used auto loans and $45,395,387 in total loans and leases, our lending capacity supports members' financial goals across various sectors.

Member-Focused Savings

Members' savings are secured through $14,252,167 in share certificates and $11,196,694 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 operational efficiency is highlighted by our $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 12 full-time employees and 5 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Solid Financial Health

With a net worth of $12,841,955, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,607 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Trustworthy Membership Base

Total Share and Deposit Accounts: 8,544, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $417,338 further illustrate our dedication to maintaining a robust financial structure. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Allcom is your trusted partner. Visit us at 4 E Central St Worcester Ma 01613 or call (508) 754-3166 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $4,013,759 in used vehicle loans and $653,224 in new vehicle loans already helping members get on the road. Whether you're eyeing a sleek sedan or a reliable SUV, our flexible financing options make it easy to drive away in the vehicle you want.

Credit Lines

For those who need ongoing access to funds, our total credit lines amount to $17,635,161. This option provides you with the flexibility to withdraw funds as needed without having to apply for multiple loans. Our team is here to help you navigate through your borrowing options. If you're interested in refinancing existing loans or checking your eligibility for any of our products, don't hesitate to reach out. You can contact us at (508) 754-3166, or visit us at our branch located at 4 E Central St Worcester Ma 01613 in Worcester, MA. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Explore how we can assist you on your financial journey today!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $5,590,326, make buying or refinancing simple. We aim to guide you through every step of the process, offering competitive rates and personalized service.

Unsecured Credit Card Loans

Managing your finances effectively is crucial, and that's why we also offer flexible terms on unsecured credit card loans, with a total of $1,106,082 in loans available. This can be a great way to consolidate debt or cover unexpected expenses while enjoying the benefits of our rewards program.

Loan Aggregator

Accurate Loan Comparisons

Loan data on LendMesh is sourced 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 ensures that users receive fair and transparent offers. Each loan listing is validated against current market conditions, so users can trust that they are viewing accurate information.

Benefits of Using LendMesh

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. You can feel confident knowing you're not getting misleading information. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. This means you get a clear picture of your options without any hidden agendas. - Real-Time Rate Comparisons: Up-to-date loan rates from multiple institutions help users make informed decisions quickly and easily. Thousands of users trust LendMesh for their loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This feedback highlights how effective the platform can be in helping individuals secure better loan rates. 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.*

Allcom