Alpena-Alcona Area Credit Union Alpena MI | Top Auto Loans & Business Banking

Introduction

Welcome to Alpena-alcona Area, your trusted financial partner located at 3303 S 3Rd Ave, Alpena, MI 49707. Since our establishment in 1953, we have been dedicated to providing exceptional service and support to our 47,316 members. With total assets amounting to a robust $841,830,867 and total deposits reaching $146,256,962, we stand as a strong pillar in the community. Our commitment to your financial well-being is reflected not just in numbers but also in the personal relationships we build. Under the leadership of our CEO, Donald Mills, and Board President, Charles Negro, our team of 141 employees works tirelessly to offer a range of services tailored to meet your needs. Whether you're looking for auto loans, mortgage refinancing, or business banking solutions, we've got you covered! While you can visit us at our branch for personalized assistance, please note that official correspondence should be sent to our mailing address: 1100 S Bagley Street, Alpena, MI 49707. We pride ourselves on being more than just a financial institution; we're part of your community. Our members enjoy benefits like easy online banking access, mobile payments, and an ATM available for your convenience. Ready to take the next step? Give us a call at 989-356-3577 or visit our website at aaacu.com today! Let's work together toward achieving your financial goals.

Branch History & Mission

At Alpena-alcona Area Credit Union, we take pride in our rich history and unwavering commitment to our community. Founded in 1953, our branch has been a cornerstone of financial support and guidance for individuals and families in Alpena, MI. Over the years, we've grown from a small credit union into a thriving institution with over 47,000 members and total assets reaching an impressive $841,830,867. This growth reflects not just our financial success but our dedication to serving the needs of our members. Located at 3303 S 3Rd Ave, Alpena, MI 49707, we are easily accessible for all your banking needs. As you visit us, you'll find that we're conveniently situated near local landmarks that enhance your experience. Our branch operates from 11:00 AM to 12:30 PM, Monday through Friday, ensuring you can get the assistance you need during your busy day. Our mission is simple yet profound: to provide exceptional financial services while fostering a strong sense of community. We believe that everyone deserves access to quality banking options that empower them to achieve their financial goals. Whether it's personal banking services like checking and savings accounts or vehicle financing options, we strive to meet the diverse needs of our members. While members can visit us at 3303 S 3Rd Ave, official correspondence should be sent to 1100 S Bagley Street, Alpena, MI 49707. We are also proud to offer modern conveniences like online banking and mobile payments, making it easier than ever for you to manage your finances on the go. Our ATM is readily available for cash withdrawals and balance checks whenever you need it. Community outreach is at the heart of what we do. We actively engage in partnerships that promote financial literacy and support local initiatives aimed at improving the lives of those around us. Our shared service center allows us to extend our reach even further, providing basic banking transactions for partner credit union members. Join us at Alpena-alcona Area Credit Union and experience firsthand how we can help you reach your financial dreams while being part of a caring community. Together, let's build a brighter future! For more information or to become a member today, please call us at 989-356-3577 or visit our website at www.aaacu.com.

Branch Location & Accessibility

Welcome to the Alpena-alcona Area Credit Union's Wildcat Branch! Conveniently located at 3303 S 3Rd Ave in beautiful Alpena, MI, our branch is here to serve you with a friendly smile and all your banking needs. Whether you're stopping by for personal banking, loans, or simply to ask questions, our team is ready to assist you. While members can visit us at 3303 S 3Rd Ave, official correspondence should be sent to our mailing address: 1100 S Bagley Street, Alpena, MI 49707. This ensures that all your important documents reach us safely. Our branch is situated near several well-known landmarks, making it easy to find. If you're in the area visiting the local parks or enjoying the stunning waterfront views, swing by and see us! We offer convenient parking right at our location, and we're proud to be accessible for everyone, featuring ADA-compliant entrances and facilities. We know your time is valuable. That's why we operate from 11:00 AM to 12:30 PM on weekdays. Stop in during these hours for personal assistance with services like checking and savings accounts, auto loans, mortgage options, and more. Need quick access? Our ATM is available for cash withdrawals and balance checks whenever you need it. Although we don't have drive-thru service at this location, our shared service center allows members of partner credit unions to conduct basic transactions like deposits and withdrawals seamlessly. If you have any questions or would like to learn more about how we can help you achieve your financial goals, please give us a call at 989-356-3577. We look forward to welcoming you into our branch soon!

Member Eligibility

At Alpena-alcona Area, we believe that becoming a member is like joining a close-knit community where your financial well-being is our priority. To be eligible for membership, you simply need to live, work, worship, or attend school in Alpena County or the surrounding areas. This means that many individuals in our community can enjoy the benefits of being part of our credit union family. By joining Alpena-alcona Area, you'll gain access to a variety of financial services tailored to help you achieve your goals, from personal banking and auto loans to mortgage options and business services. Getting started is easy! If you'd like more information about the specific eligibility criteria, feel free to check out this link. When you're ready to open an account, you can find all the details on how to do so here. If you have any questions or need assistance, don't hesitate to call us at (989) 356-3577. We're here to help you every step of the way at 3303 S 3Rd Ave Alpena Mi 49707!

Business Banking & Commercial Services

Loan Options That Fuel Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $298 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $6 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $31,560,779, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Simplify Payments

In addition to loans, we offer comprehensive merchant services that make accepting payments easy and efficient. Picture this: You've just made a sale but need a reliable way to process payments without hassle. Our merchant services allow you to accept credit and debit cards securely, ensuring your cash flow stays strong while enhancing customer satisfaction. Visit us at 3303 S 3Rd Ave Alpena Mi 49707 in Alpena, MI to learn more about how we can partner with you on your journey to success! If you have questions or want personalized assistance, give us a call at (989) 356-3577.

Comprehensive List Of Services

ATM and Shared Services

For added convenience, we provide ATM and cash withdrawal services so you can access your money when you need it most. As part of our commitment to serving the community, we also offer basic shared branch transactions for partner credit union members. This means you can deposit or withdraw funds even if you're away from home.

Business Banking Services

If you're a business owner, we haven't forgotten about you! Our business banking services, including merchant services and business loans, are designed to help your business thrive. Whether you're starting a new venture or expanding an existing one, we're here to help you succeed.

Convenient Digital Banking

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking features that give you control over your finances from anywhere. With easy access to your accounts through our mobile app or website, managing your funds has never been simpler. You can perform tasks like checking balances, transferring funds, or even making person-to-person payments with just a few clicks.

Credit Card Options

Additionally, enjoy the benefits of our credit cards with rewards. These cards not only make everyday purchases easier but also allow you to earn points for your spending, which can be redeemed for various rewards.

Get Started Today!

We invite you to visit us at our Alpena location or give us a call at 989-356-3577 for more information on how we can assist you with any of these services. At Alpena-alcona Area, we're more than just a credit union; we're your trusted financial partner committed to helping you achieve your goals. Explore how we can support your journey today by visiting our website or checking out the eligibility criteria for membership here. We look forward to serving you!

Personal Banking Solutions

Our personal banking services include various checking and savings accounts designed to help you manage your money effectively. Whether you're saving for a rainy day or planning a special purchase, we have options that suit everyone. If you're in the market for a new vehicle, check out our auto loans and vehicle financing options, which offer competitive rates and flexible terms. For those looking to buy a home or refinance an existing mortgage, our mortgage loans and refinancing services provide the support you need to make informed decisions. We also offer personal loans and debt consolidation solutions that can help simplify your finances and reduce monthly payments.

Digital & Online Banking

Features Designed for You

Want to make payments quickly? Our mobile payments feature allows you to send money directly from your phone with ease. Additionally, if you need to split costs with friends or family, our person-to-person transfers make it simple and hassle-free. At Alpena-alcona Area, we prioritize accessibility and user-friendliness in all our digital services. With real-time account management capabilities, you have complete control over your finances whenever and wherever you need it. Discover how our digital banking solutions can enhance your banking experience today!

Online Banking Services

Our 24/7 online banking services at Alpena-alcona Area let you check balances, transfer funds, and pay bills without ever stepping into a branch. Whether you're at home or on the go, managing your account has never been easier. Plus, with our mobile application available for download, you can carry your credit union right in your pocket!

Security and Convenience

We know that security is a top concern when it comes to banking online. That's why we provide electronic signature authorization for transactions, giving you peace of mind while ensuring that your information stays safe. You can also opt for e-statements, which are not only eco-friendly but also provide instant access to your financial statements right from your device.

Financial Strength

Dedicated Team

We also take pride in having 126 full-time employees and 15 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Together, we foster a welcoming environment where your needs come first.

Lending Capacity

Our ability to help you achieve your financial goals is evident with $66,682 in used auto loans and an impressive total of $490,815,338 in loans and leases. This robust lending capacity means we can assist you across various sectors whether it's buying a car or investing in your business.

Member Savings Security

Members' savings are secured through $213,489,533 in share certificates and $170,811,255 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 financial efficiency is reflected in our net income of $0, which allows us to continue offering competitive loan rates and solid financial products for our members without compromising quality or service.

Our Financial Health

With a net worth of $97,125,352, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 11.53% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Reinvesting for Growth

With $84,782,367 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. This commitment to reinvestment helps us support our community while also expanding our range of services.

Trusting Partnership

Total Share Accounts: 113,143, show 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, Alpena-alcona Area is your trusted partner. Visit us at 3303 S 3Rd Ave Alpena Mi 49707 or call 989-356-3577 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 $100,116,558 in used vehicle loans and $36,362,271 in new vehicle loans already helping members get on the road. We provide flexible terms and refinancing options to make your car financing process smooth and straightforward.

Business Loans

For business owners, our outstanding commercial loans totaling $31,560,779 provide the capital needed to grow and expand. Our team is ready to assist you with competitive rates tailored for your business's unique needs. At Alpena-alcona Area, we strive to make borrowing easy and accessible. Whether you're considering a new vehicle or managing personal finances through our credit products, we're here to support you every step of the way. For more information or assistance with your loan application, feel free to contact us at (989) 356-3577 or visit us at our branch located at 3303 S 3Rd Ave Alpena Mi 49707 in Alpena, MI. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Credit Lines and Unsecured Loans

For those looking for additional financial flexibility, our total credit lines amounting to $42,833,333 allow you to access funds when needed without the hassle of applying for a new loan each time. We also offer flexible terms on unsecured credit card loans, with a total of $38,874,727 in loans helping members manage their finances effectively.

Mortgage Loans

Thinking about homeownership? While we currently do not have any Junior Lien 1-4 Family Residential Properties loans available, we encourage you to explore your options for future mortgage needs. Our team is here to guide you through buying or refinancing when you're ready.

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