Arrha Springfield MA Credit Union | Best Auto Loans & Business Banking

Introduction

Welcome to Arrha, your trusted financial partner located at 145 Industry Ave, Springfield, MA 01104. Since our establishment in 1929, we have been dedicated to serving our community with integrity and commitment. With a growing membership of over 9,600 individuals, we take pride in being a reliable resource for all your financial needs. At Arrha, we understand that banking is about more than just numbers it's about relationships. Our total assets stand strong at $150,459,324, with total deposits reaching $7,405,960, reflecting our members' trust and support. As a member-owned credit union, we strive to put our members first by offering a variety of services including personal banking, auto loans, mortgages, and business loans. Our leadership team, led by CEO Michael Ostrowski and Board President Todd Cieplinski, is committed to fostering a welcoming environment where you can feel secure and valued. While members can visit us at our branch location for all their banking needs, official correspondence should be sent to the same address: 145 Industry Avenue, Springfield, MA 1104. Our friendly staff is here to assist you Monday through Friday during convenient hours that fit your busy schedule. Explore how Arrha can help you achieve your financial goals today! Call us at (413) 732-9812 or visit our website at arrhacu.com for more information. Join us in shaping a brighter financial future together!

Branch History & Mission

Commitment to Accessibility

Accessibility is vital for us at Arrha. With an ATM available on-site and drive-thru banking options for convenience, we ensure that all members can access their funds easily. For any official correspondence that may differ from your visits to our branch location, please send it to our mailing address: 145 Industry Avenue, Springfield, MA 1104. As we look forward to the future, we invite you to join our growing family at Arrha. Experience the difference that comes with being part of a member-focused credit union that truly cares about your financial health and community wellbeing. Reach out today at 413-732-9812 or visit us online at arrhacu.com to learn more about becoming a member!

Our Evolution

Over the years, Arrha has expanded its reach and services while staying true to our mission of providing accessible financial solutions. Today, we proudly serve over 9,600 members with total assets exceeding $150 million. We are located at 145 Industry Ave, Springfield, MA 01104 a convenient spot for anyone looking to enhance their financial future. Just minutes from downtown Springfield, our branch is easily accessible for all community members. As we have grown, so too has our commitment to innovation. We understand that modern banking requires a blend of traditional service and cutting-edge technology. This commitment is evident through our online banking platform and mobile application that enable members to manage their accounts anytime and anywhere.

Our Mission

At Arrha, our mission goes beyond just offering financial products; we are committed to uplifting our community. We believe in empowering individuals through education and support while providing essential services such as checking and savings accounts, auto loans, mortgages, personal loans, and business banking solutions. We are particularly proud of our community outreach initiatives that aim to improve the lives of those around us. Whether it's through local sponsorships or educational workshops about financial literacy, we strive to make a positive impact in Springfield.

Branch Location & Accessibility

Come Visit Us!

We invite you to stop by our Springfield Office today! Experience firsthand how Arrha can support your financial journey while enjoying the convenience of a location designed with you in mind. Remember, while members can visit us at 145 Industry Ave, official correspondence should be sent to our mailing address at 145 Industry Avenue, Springfield, MA 01104. We look forward to seeing you soon!

Convenient Access and Surroundings

Located near popular landmarks, our branch is a breeze to find. Whether you're stopping by after visiting the nearby businesses or coming from home, we've made it easy for you to access us. We have ample parking available, including ADA-compliant spaces for those who need them. Our branch is designed with accessibility in mind, ensuring that everyone can walk in with ease.

Operating Hours That Work for You

At Arrha, we understand that life gets hectic. That's why our lobby hours are tailored to accommodate your schedule: Monday through Thursday from 9:00 AM to 5:00 PM, and Friday from 9:00 AM to 6:00 PM. If you prefer drive-thru banking, we open even earlier starting at 7:30 AM on weekdays to help you get on with your day as smoothly as possible.

Services Designed for Your Needs

We take pride in offering a variety of services right at your fingertips. From personal banking options like checking and savings accounts to auto loans and credit cards with rewards, we've got something for everyone. Plus, our ATM availability means you can access cash whenever you need it without any hassle. For those quick transactions or deposits, our drive-thru service is here to help make your banking experience more convenient. Whether you're looking for assistance with loans or simply need to check your balance, our friendly team is ready to assist you. If you're unsure about anything or have questions regarding our services, don't hesitate to give us a call at 413-732-9812.

Member Eligibility

Becoming a member of Arrha is like stepping into a welcoming community where your financial well-being is the top priority. If you're a resident, employee, or a family member of someone who lives or works in our service area, you're likely eligible to join us! We pride ourselves on being inclusive and supportive, ensuring that everyone has access to the benefits we offer. These include personalized service, competitive rates on loans and savings accounts, and a variety of financial products tailored just for you. To learn more about what it takes to become a member at Arrha, feel free to visit our eligibility page at http://www.arrhacu.com/become-a-member. It's packed with all the details you need to see if you qualify. Once you're ready to join, opening an account is straightforward! Just give us a call at (413) 732-9812, and we'll guide you through the process. Our branch is located at 145 Industry Ave Springfield Ma 01104, and we can't wait to welcome you into our family!

Business Banking & Commercial Services

Practical Merchant Services

In addition to loans, we offer merchant services designed to simplify your financial transactions. Imagine processing payments quickly and securely while focusing on what you do best running your business. Our solutions make it easy for you to accept payments from customers, manage cash flow, and even track sales data all from one platform. Located at 145 Industry Ave Springfield Ma 01104 in Springfield, MA, our team is ready to partner with you on your journey toward success. Reach out today at (413) 732-9812 or visit us online at Arrha to learn more about how we can help your business grow!

Tailored Business Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $42 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 $11,641,800, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Banking at Your Convenience

In today's busy world, convenience matters. That's why we prioritize digital banking features such as Online & Mobile Banking, allowing you to manage your accounts anytime, anywhere. With access to ATMs and cash withdrawal services, along with basic drive-thru banking for deposits and simple transactions, we ensure banking is easy and hassle-free. Our commitment extends beyond just providing services; it's about building relationships with our members. If you're interested in becoming part of the Arrha family or if you have questions about any of our offerings, don't hesitate to reach out at (413) 732-9812. Visit us today at 145 Industry Ave Springfield Ma 01104 or check out our website at Springfield Office for more details! Join us at Arrha where your financial success is our priority!

Financing Your Dreams

If you're considering buying a new car or refinancing your current one, our Auto Loans & Vehicle Financing services are here for you. We offer competitive rates that can make owning a vehicle more affordable than ever. For those dreaming of homeownership, our Mortgage Loans & Refinancing options will guide you through the process seamlessly. Our experienced staff will help you find the right mortgage that fits your budget.

Personal Banking Made Easy

We understand that managing personal finances can be challenging. That's why we offer Personal Banking options, including Checking and Savings Accounts tailored to help you grow your savings while keeping your funds easily accessible. Imagine having a reliable place to deposit your paycheck and watch your savings increase over time.

Rewarding Credit Options

Don't forget about our Credit Cards with Rewards! These cards not only give you purchasing power but also reward you for every dollar spent perfect for those who like to earn while they spend.

Simplifying Borrowing

Sometimes life throws unexpected expenses your way. Our Personal Loans & Debt Consolidation services allow you to tackle those challenges head-on. Whether you need funds for an emergency or want to consolidate existing debt into one manageable payment, we're here to assist.

Supporting Local Businesses

For our local entrepreneurs, we provide Business Banking solutions that include Merchant Services and Business Loans. We know how important it is to have the right financial support when running a business, and we're committed to helping you succeed.

Digital & Online Banking

Key Services

Our online banking platform at http://www.arrhacu.com/ allows you to check your account balances, pay bills, and transfer money effortlessly. You can also enjoy the benefits of e-statements, which provide a quick and eco-friendly way to view your financial documents without the clutter of paper. If you're always on the go, our mobile application makes it even easier for you to access your accounts right from your smartphone. Plus, with person-to-person transfers, sending money to friends or family is just a few taps away no need for cash or checks!

Security You Can Trust

Security is a top priority for us at Arrha. While we currently do not offer electronic signature authorization for online transactions, rest assured that all our digital services are designed with robust security measures in place to keep your information safe. With 24/7 online banking services available, you can manage your finances whenever it suits you best. Whether it's checking an account balance late at night or transferring funds during lunch break, we're here to support you every step of the way. Discover how easy banking can be at Arrha by visiting us online today!

Financial Strength

Commitment to Improvement

With $13,171,160 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 $2,296 in used auto loans and $110,531,150 in total loans and leases supporting your financial goals across various sectors.

Growing Membership Base

Total Share Accounts stand at 13,445, showcasing a strong and growing member base that trusts us with their finances. With net shares available for lending and investments totaling $1,372,969, we are well-positioned to support your needs now and into the future. In conclusion, our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Arrha is your trusted partner. Visit us at 145 Industry Ave Springfield Ma 01104 or call (413) 732-9812 to learn more about how we can help you achieve your financial goals.

Member Savings Security

Members' savings are secured through $34,632,094 in share certificates and $6,332,265 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $10,846,942, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our financial results reflect our operational efficiency. The $-50,288 indicates our ability to maintain sound operations while continuing to offer competitive loan rates and solid financial products for our members. We also take pride in having 25 full-time employees and 2 part-time employees dedicated to serving you with knowledge and commitment.

Our Financial Health

With a net worth of $13,184,679, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $876 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 $8,858,181 in used vehicle loans and $2,391,000 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, our flexible terms and competitive rates make it easier than ever.

Business Loans

For business owners, our outstanding commercial loans totaling $11,641,800 provide the capital needed to grow and expand. We understand the unique challenges faced by small businesses and are here to support your entrepreneurial journey. Our team is dedicated to helping you find the right financing solution based on your individual circumstances. If you're considering refinancing options or want more information about eligibility requirements for our various loan products, don't hesitate to ask. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. At Arrha Credit Union, we're committed to being your trusted partner in navigating your financial future. Explore our loan offerings today!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $15,559,113, make buying or refinancing simple. We aim to provide solutions tailored to your needs so that you can navigate your journey to homeownership with confidence.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $494,500 in loans helping members manage their finances effectively. This option allows for easy access to funds when you need them most without the need for collateral.

Loan Aggregator

Accurate 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. The platform prioritizes accuracy by verifying the legitimacy of each institution involved in the comparison.

Trustworthy Benefits

- Verified Data: All loan offers come from legitimate financial institutions, fostering transparency in the process. - No Sponsored Listings: Unlike many comparison tools, LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results for every user. - Real-Time Rate Comparisons: LendMesh offers up-to-date loan rates from multiple institutions, allowing users to make informed decisions quickly. 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 testimonial highlights how effective and user-friendly the tool can be. 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.*

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