Beverly Municipal Credit Union Beverly MA | Best Auto Loans & Business Banking

Introduction

Welcome to Beverly Municipal, your trusted partner in financial well-being since 1985. Located at 139 Cabot St, Beverly, MA 01915, we pride ourselves on fostering strong community ties and providing exceptional service to our 1,840 members. With a solid foundation of $21,459,217 in total assets and a commitment to personalized banking solutions, we are here to support your financial journey. At Beverly Municipal, we understand that every member has unique needs. Whether you're looking for an auto loan, a mortgage, or personal banking services, we've got you covered with a range of products tailored just for you. Our dedicated team of 4 employees, led by CEO Thomas Hankard and Board President Virginia Colton, is here to ensure you receive the assistance you need. Our financial health speaks volumes: with total loans amounting to 612, total deposits reaching $3,236,314, and a net worth of $2,018,254, you can trust that your money is safe with us. Plus, our cash in hand stands at $41,250, allowing us to remain agile and responsive to your needs. While you can visit us at our branch for all your banking needs, please note that official correspondence should be sent to the same address: 139 Cabot St, Beverly, MA 1915. We invite you to explore how Beverly Municipal can assist you in achieving your financial goals. Call us today at 978-922-5254 or visit our website at beverlycreditunion.com to learn more about our services!

Branch History & Mission

Join Us Today!

Whether you're looking for a new place to bank or need assistance with your financial journey, Beverly Municipal is here for you. Experience the difference of being part of a credit union that prioritizes your needs and values your voice. Reach out today at 978-922-5254 or explore more about what we offer at our website. Together, let's build a brighter financial future!

Our Evolution

Located at 139 Cabot St, Beverly, MA 01915, our branch has seen significant changes over the years. We started with a modest mission: to provide affordable financial services tailored to the needs of our members. As time went on, we expanded our offerings, now providing personal banking services such as checking and savings accounts, auto loans, mortgage loans, personal loans, and business banking solutions. Our total assets have reached an impressive $21,459,217, reflecting the trust that our members place in us. While we pride ourselves on traditional values of service and integrity, we've embraced modern advancements as well. Our online banking platform allows for convenient access to accounts from anywhere at any time. Although we currently do not have ATM or drive-thru services available, our mobile application and online banking ensure that members can manage their finances easily.

Our Mission

At Beverly Municipal, our mission is clear: we aim to provide accessible financial services while actively supporting the community we serve. We believe that when our members thrive financially, so does our community. This commitment drives us to offer competitive rates and personalized service that puts the member first. We also engage in various outreach efforts within Beverly and surrounding areas. By partnering with local organizations and participating in community events, we strive to make a positive impact beyond just financial transactions. While members can visit us at 139 Cabot St, official correspondence should be sent to 139 Cabot St, Beverly, MA 1915 if different mailing details are required.

Branch Location & Accessibility

Welcome to Beverly Municipal, your trusted community credit union located at 139 Cabot St in beautiful Beverly, MA. Our branch is conveniently situated near popular local spots, making it easy for you to stop by and take care of your banking needs while enjoying everything our vibrant city has to offer. Whether you're heading to the nearby parks or shopping areas, we are here to serve you with a smile. At Beverly Municipal, we understand that accessibility matters. Our branch is designed to accommodate all members, featuring ADA-compliant entrances and ramps for easy access. While parking is readily available nearby, if you prefer to reach out from home or work, feel free to send official correspondence to our mailing address: 139 Cabot St, Beverly, MA 1915. We're open Monday through Wednesday from 8:30 AM to 4:00 PM, Thursday from 8:30 AM to 5:00 PM, and Friday from 8:30 AM until 1:00 PM. These hours are tailored for your convenience so that you can manage your financial affairs when it suits you best. While we do not currently offer ATM services or drive-thru banking, our friendly staff is always ready to assist you in person with a range of services including personal and business banking options. Have questions? Don't hesitate to give us a call at 978-922-5254; we're here to help! Come visit us at Beverly Municipal and discover how we can support your financial journey today!

Member Eligibility

At Beverly Municipal, we believe that everyone deserves a chance to thrive financially, and becoming a member is your first step into a welcoming community that prioritizes your needs. If you're looking to join us at our branch located at 139 Cabot St Beverly Ma 01915, you'll be pleased to know that membership is open to anyone who lives, works, or worships in the local area. This inclusive approach means that whether you're a long-time resident or new to the community, we're excited to have you on board! Joining is easy! You can find more detailed eligibility criteria by visiting our website at http://www.beverlycreditunion.com/about.html#membership . Once you're ready, simply head over to our account opening page here: https://www.financial-net.com/beverlycu/lending/internetloans . We're here to help if you have any questions just give us a call at (978) 922-5254. With us, you're not just another number; you're a valued member of our community, and we can't wait to support you on your financial journey!

Business Banking & Commercial Services

Business Loan Options

Our dedication to supporting businesses is clear, even if we currently have no commercial loans on the books. We are eager to offer flexible financing options designed for both startups and established companies alike. These loans can empower you to invest in new equipment, expand your workforce, or enhance your operations all critical steps for growth.

Merchant Services That Make Sense

In today's fast-paced market, having efficient payment processing is crucial. Our merchant services provide seamless solutions for accepting payments, whether online or in-person. This means you can focus on what matters most running your business while we handle the transaction details. At Beverly Municipal, we're more than just a bank; we're a partner in your journey toward success. Contact us today at (978) 922-5254 to learn more about how our business banking and commercial services can support your goals!

Comprehensive List Of Services

Auto Loans & Vehicle Financing

Thinking about purchasing a new vehicle? Our Auto Loans & Vehicle Financing options can help you get behind the wheel sooner than you think. We know that buying a car is an important decision, so our competitive rates make it easier for you to drive off in your dream car without breaking the bank.

Business Banking

For our local entrepreneurs, we offer comprehensive Business Banking solutions, including merchant services and business loans. We believe that supporting small businesses helps strengthen our community. Imagine having the financial backing to grow your dream venture!

Credit Cards with Rewards

Why not earn rewards while you spend? Our Credit Cards with Rewards program allows you to accumulate points on everyday purchases that can be redeemed for exciting perks. It's our way of saying thank you for choosing us as your financial partner.

Mortgage Loans & Refinancing

If you're ready to buy your first home or refinance your current mortgage, look no further. Our Mortgage Loans & Refinancing solutions are designed with you in mind. Picture yourself settling into a cozy home while benefiting from favorable terms that fit within your budget.

Online & Mobile Banking

In today's fast-paced world, convenience is key. Our robust Online & Mobile Banking services ensure that you have access to your accounts anytime, anywhere. Whether you're paying bills or transferring funds between accounts, everything can be done quickly and securely from the comfort of your home or on-the-go. At Beverly Municipal, located at 139 Cabot St Beverly Ma 01915 in Beverly, MA, we pride ourselves on providing friendly service and resources designed for all members of our community. For more information about any of these services or to speak with one of our knowledgeable staff members, please give us a call at (978) 922-5254. We invite you to explore how we can help meet your financial needs today! Visit us at our website or stop by the branch we're excited to assist you!

Personal Banking

Managing your money shouldn't be complicated. That's why we provide Personal Banking services including checking and savings accounts that fit your lifestyle. Imagine being able to easily track your spending and save for that dream vacation with just a few clicks on our online banking platform. With features like e-statements and online access, staying on top of your finances has never been easier.

Personal Loans & Debt Consolidation

Life can throw unexpected expenses your way, but with our Personal Loans & Debt Consolidation options, you can tackle those challenges head-on. Whether it's funding a major purchase or consolidating debt into one manageable payment, we're here to help make things simpler.

Digital & Online Banking

Key Services

Our online banking platform is easy to navigate and packed with features that help you stay in control of your financial life. You can visit us at http://www.beverlycreditunion.com to explore everything we offer. Enjoy the benefits of e-statements, which give you quick access to your account statements without the clutter of paper. Plus, with 24/7 online banking services, you can check balances, pay bills, and transfer funds whenever it suits you. Need to send money quickly? Our person-to-person transfer feature makes it simple to send cash to friends or family without hassle. And if you're always on your phone, you'll be pleased to know that our mobile application is available for download, making banking even more accessible right from your pocket.

Security and Ease of Use

Security is our top priority at Beverly Municipal. While we currently do not offer electronic signature authorization, rest assured that all transactions through our platform are protected with state-of-the-art security measures. We strive to make banking as user-friendly as possible so that you can manage your finances with confidence. Whether you're depositing checks digitally or managing your budget on the go, our services empower you to take charge of your financial future. Join us today at http://www.beverlycreditunion.com and experience how easy digital banking can be!

Financial Strength

Commitment to Growth

With $1,648,625 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $178 in used auto loans and $15,518,466 in total loans and leases.

Member-Centric Savings Options

Members' savings are secured through $7,703,200 in share certificates and $418,023 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $2,741,596, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our strong performance is reflected in our $59,983, which enables us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 2 full-time employees and 2 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Solid Foundation

With a net worth of $2,018,254, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $941 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Trusted Partnership

Net Shares (Funds available for lending and investments): $425,112. Total Share and Deposit Accounts: 2,190, 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, Beverly Municipal is your trusted partner. Visit us at 139 Cabot St Beverly Ma 01915 or call (978) 922-5254 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 $2,886,164 in used vehicle loans and $2,266,038 in new vehicle loans already helping members get on the road. We provide competitive terms for both new and used vehicles to ensure you can drive away with confidence.

Business Financing

For business owners seeking funding solutions, while we currently do not offer outstanding commercial loans at this time, our commitment is to support local businesses through other financing avenues as they arise. We encourage you to explore refinancing options if you're looking for better rates or terms on existing loans. Additionally, our eligibility criteria are straightforward and can be found here. At Beverly Municipal, we strive to provide personalized service that meets your financial needs. If you have questions or need assistance finding the right loan product for you, don't hesitate to reach out. You can contact us at 978-922-5254 or visit us at 139 Cabot St., Beverly MA 01915. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Your journey towards financial success starts here!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $3,639,177, make buying or refinancing simple. We offer various programs designed to fit different budgets and circumstances, helping you find the right path to owning your own home.

Unsecured Credit Lines

For those looking to manage their finances effectively, we also offer flexible terms on unsecured credit card loans. Currently, we have a total of $0 in unsecured credit card loans available. This means you have the opportunity to explore options that suit your spending habits without being tied down by strict requirements.

Loan Aggregator

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BEVERLY MUNICIPAL FEDERAL CREDIT UNION - Beverly, MA