Area Credit Union Aberdeen SD | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Area Federal Credit Union, your trusted financial partner located at 2324 8th Ave NE, Aberdeen, SD 57401. Since our founding in 1935, we have been committed to serving our community with integrity and excellence. With a total membership of over 11,582 and assets totaling $182,087,158, we pride ourselves on providing personalized banking solutions tailored to your needs. While members can visit us at our branch location, official correspondence should be sent to our mailing address at PO BOX 1495, ABERDEEN, SD 57402-1495. As a member-focused institution, we offer a variety of services including personal checking and savings accounts, auto loans, mortgages, business banking solutions, and more. Our team is dedicated to helping you achieve your financial goals with confidence. Under the leadership of CEO Steve Streier and Board President Douglas Thompson, our experienced team of 34 employees is here to assist you every step of the way. We understand that financial decisions are important; that's why we maintain a strong net worth of $29,745,494 and ensure your deposits are safe with us totaling $14,553,804. At Area Federal Credit Union, we believe in giving back to our community while fostering strong relationships with our members. Whether you're looking for a loan or simply want to manage your finances better through online and mobile banking options, we've got you covered. Feel free to reach out to us at (605) 225-2488 or visit our website at areafcu.org for more information. We're excited to help you navigate your financial journey!

Branch History & Mission

Join Us

As we look toward the future, we invite you to become part of our family at Area. Experience firsthand how we blend personalized service with modern banking solutions tailored to meet your needs. Visit us at 2324 8Th Ave Ne Aberdeen Sd 57401 or explore more about our offerings on our website here. Together, let's build a prosperous future for all!

Our Journey

From our humble beginnings, Area has grown significantly, now boasting total assets of $182,087,158. Our journey has been marked by key milestones that reflect our commitment to serving the needs of our members. We have continually adapted to the changing financial landscape, integrating modern technology with traditional values to ensure that everyone in our community has access to the financial resources they need. Our branch is conveniently located at 2324 8Th Ave Ne Aberdeen Sd 57401, right here in the heart of Aberdeen. For any official correspondence, please send mail to PO BOX 1495, ABERDEEN, SD 57402-1495. We invite you to visit us during our operating hours: Lobby M-F 9:00 AM - 5:00 PM and Drive-Thru M-F 7:30 AM - 6:00 PM, with Saturday hours from 9:00 AM to noon. Plus, our ATM is available 24/7 for your convenience.

Our Mission

At Area, our mission is simple yet powerful: to enhance the financial lives of our members while making a positive impact in our community. We offer a wide range of services including personal banking, auto loans, mortgage options, business banking solutions, and online tools designed for ease and accessibility. Whether you're looking for checking and savings accounts or need assistance with loans and debt consolidation, we are here for you. We believe that financial education is crucial for success. That's why we engage in community outreach efforts partnering with local organizations and hosting events aimed at improving financial literacy among residents. By supporting one another, we create a thriving environment where everyone can achieve their goals.

Branch Location & Accessibility

Accessibility Features

At Area Federal Credit Union, we prioritize accessibility for all our members. Our branch features ADA-compliant facilities, ensuring that everyone can navigate comfortably. We have ample parking available, along with designated spaces for those who require additional assistance. Whether you're visiting us for personal banking or business needs, you'll find our branch welcoming and accommodating.

Call to Action

We invite you to stop by or give us a call at 605-225-2488 to learn more about how we can help you achieve your financial goals. At Area Federal Credit Union, your satisfaction is our top priority!

Operating Hours & Services

We understand that life can be busy, which is why we offer flexible operating hours. Our lobby is open Monday through Friday from 9:00 AM to 5:00 PM, while our drive-thru service operates from 7:30 AM to 6:00 PM on weekdays and from 9:00 AM to noon on Saturdays. Plus, with our ATM available 24/7, you can access your funds anytime. At Area Federal Credit Union, we provide a wide range of services tailored to meet your financial needs. From checking and savings accounts to auto loans and mortgage options, we've got you covered. Our friendly staff is always ready to assist you with deposits, withdrawals, and other transactions whether inside the branch or through our convenient drive-thru service. While members can visit us at 2324 8Th Ave NE for all their banking needs, official correspondence should be sent to PO BOX 1495, Aberdeen, SD 57402-1495.

Member Eligibility

At Area, we believe that joining our community is about more than just banking it's about becoming part of a family that supports each other. If you live, work, or worship in the area, you're likely eligible to become a member! We welcome individuals who share our commitment to community and financial well-being. For specific eligibility details, feel free to check out our website at https://www.areafcu.org/membership/. Opening an account with us is as easy as it gets! You can start your journey toward membership by visiting our account opening page here: https://areafcu.sparrowfi.com/landing. If you have any questions or need assistance, don't hesitate to call us at (605) 225-2488. We're here to help you every step of the way!

Business Banking & Commercial Services

Commercial Loans That Fuel Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $25 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $2,556,273, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services for Everyday Needs

In addition to loans, we offer robust merchant services that make daily transactions smoother. Imagine having a reliable partner who helps you accept payments easily, manage cash flow, and streamline your operations all from one place. Whether you're a local retailer or a service provider, our tools can enhance your efficiency. If you're ready to take your business to the next level, visit us at 2324 8Th Ave Ne Aberdeen Sd 57401 in Aberdeen, SD, or call us at (605) 225-2488. Together, let's build a brighter future for your business!

Comprehensive List Of Services

ATM & Cash Withdrawal Services

Accessing cash is simple with our ATM services available 24/7. Need to make a quick deposit or withdrawal? Our drive-thru service makes it easy for you to handle transactions without stepping out of your vehicle. At Area, we pride ourselves on being more than just a financial institution; we are a community partner committed to helping you achieve financial success. With friendly staff ready to assist at every turn, feel free to reach out at (605) 225-2488 or visit us during our operating hours: Lobby M-F 9:00 AM - 5:00 PM; Drive-Up M-F 7:30 AM - 6:00 PM; Saturday 9:00 AM - Noon. Ready to take the next step? Explore all our services by visiting our website at Area Federal Credit Union today!

Auto Loans & Vehicle Financing

Thinking about getting a new car? We offer competitive auto loans and vehicle financing options that can help make your dream car a reality. With flexible terms and great rates, financing your vehicle through Area means you can hit the road without breaking the bank.

Business Banking

For entrepreneurs and small business owners, our business banking services include merchant services and business loans designed to help you grow and succeed. From managing cash flow to funding new projects, we understand the unique challenges businesses face and offer tailored solutions.

Credit Cards with Rewards

Our credit cards not only provide purchasing power but also come with rewards that benefit you. Earn points on everyday purchases that can be redeemed for travel, cash back, or other exciting rewards. It's like getting paid for spending!

Digital Banking Features

In today's fast-paced world, convenience is key. Our online and mobile banking features allow you to manage your accounts anytime and anywhere. Whether it's checking balances, transferring funds, or paying bills from the comfort of your couch, we've got you covered with our secure digital platforms.

Mortgage Loans & Refinancing

Homeownership can be within reach with our mortgage loans and refinancing solutions. If you're looking to buy a home or refinance an existing mortgage, we provide personalized guidance every step of the way. Picture yourself in your dream home, all while enjoying manageable payments tailored to fit your budget.

Personal Banking

Whether you're looking to open a checking or savings account, our personal banking options are tailored for everyone. Imagine having a safe place to keep your money while earning interest on your savings. Our accounts are designed with your convenience in mind, allowing you to manage your funds effortlessly.

Personal Loans & Debt Consolidation

Life can throw unexpected expenses your way. That's why we offer personal loans and debt consolidation services to help you regain control over your finances. Whether it's for medical bills, home repairs, or consolidating higher-interest debt, we're here to support you with affordable loan options.

Digital & Online Banking

Key Features

Our online banking platform is user-friendly and packed with features that make managing your money easy. Whether you're on the go or relaxing at home, you'll appreciate the ease of use and real-time account management. You can also enjoy the convenience of e-statements, allowing you to view your financial documents digitally without the clutter of paper. For those who love using their smartphones, our mobile application provides all the tools you need right in your pocket. You can make mobile payments quickly and securely, ensuring that you never miss a beat in your financial life. Plus, sending money to friends or family is a breeze with our person-to-person transfer feature.

Security and Accessibility

Security is a top priority at Area. While we currently do not offer electronic signature authorization, rest assured that your information is protected through robust security measures. Our online banking services are designed to give you peace of mind while allowing you to manage your finances on your terms. In summary, whether you're looking to handle everyday transactions or keep an eye on your savings goals, our digital banking services at Area provide the flexibility and support you need. Join us today and experience a smarter way to bank!

Financial Strength

Growing Trust

Total Share Accounts: 25,337, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $2,782. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Area is your trusted partner. Visit us at 2324 8Th Ave Ne Aberdeen Sd 57401 or call (605) 225-2488 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.

Member-Centric Focus

Members' savings are secured through $41,788,934 in share certificates, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $107,386, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $0 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 28 full-time employees and 6 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Reinvestment in Growth

With $29,667,752 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is robust; with $4,579 in used auto loans and $118,101,971 in total loans and leases, we support members' financial goals across various sectors.

Solid Foundation

With a net worth of $29,745,494, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,633 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $68,930,806 in used vehicle loans and $17,065,611 in new vehicle loans already helping members get on the road. We provide financing options for both new and used vehicles, making it easier for you to drive away with the car you want.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $7,893,850, make buying or refinancing simple. Whether you're looking for a new place to call home or want to refinance your existing mortgage, our knowledgeable team is here to guide you through every step of the process.

Personal and Credit Line Loans

For those who need a little extra help managing expenses, we also offer personal loans and credit lines. With a total of $7,190,000 available in credit lines, you can access funds when you need them most. These options provide flexibility for unexpected costs or planned purchases without the hassle.

Unsecured Credit Card Loans

We understand that sometimes life requires quick access to cash. That's why we offer flexible terms on unsecured credit card loans, with a total of $0 in loans helping members manage their finances effectively. These cards come with competitive rates and rewards that benefit your everyday spending. For business owners, our outstanding commercial loans totaling $2,556,273 provide the capital needed to grow and expand your business. We're dedicated to supporting our community's entrepreneurs by offering personalized service and tailored financial solutions. At Area, we're here to help you navigate your financial journey. If you're interested in refinancing or exploring eligibility options for any of our products, don't hesitate to reach out! You can contact us at (605) 225-2488 or visit us at our branch located at 2324 8Th Ave Ne Aberdeen Sd 57401 in Aberdeen, SD. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let us partner with you as you achieve your financial dreams!

Loan Aggregator

Accurate Loan Comparisons

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Benefits of Using LendMesh

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Area