Centricity Credit Union Hermantown MN | Low Mortgage Rates & Quick Auto Loans

Introduction

Welcome to Centricity, your trusted financial partner in the heart of Hermantown, Minnesota. Located at 4477 Lavaque Rd, we have been proudly serving our community since 1943. With a commitment to providing exceptional service and building lasting relationships, Centricity is more than just a credit union it's a place where members like you can thrive. At Centricity, we understand the importance of community and support. Our membership has grown to an impressive 22,759 individuals, all benefiting from our wide range of financial services. With total assets of $316,468,552 and total deposits reaching $25,328,338, we are equipped to meet your banking needs effectively and securely. Whether you're looking for personal banking options like checking accounts and auto loans or business solutions including merchant services and business loans, we have you covered. Our dedicated team of 102 employees, led by our CEO Doug Ralston and Board President Margaret Taylor, is here to assist you every step of the way. We pride ourselves on our strong net worth of $39,847,353 and a robust cash reserve of $3,490,251, ensuring that your money is safe with us. While members can visit us at 4477 Lavaque Rd, official correspondence should be sent to the same address. If you have any questions or need assistance, don't hesitate to reach out at 218-729-7733 or visit us online at centricity.org. Join us today and experience the Centricity difference! Your financial journey starts here, where community matters most.

Branch History & Mission

Community Engagement

We take pride in being more than just a financial institution; we are an integral part of Hermantown's fabric. Through partnerships with local organizations and participation in community events, we aim to uplift those around us. Our members can also enjoy convenient features like ATM access and drive-thru banking for quick transactions. As we continue moving forward, Centricity remains committed to leveraging technology for improved service delivery while ensuring ADA compliance for all members. We offer digital solutions such as online banking and mobile payments that enhance accessibility for everyone.

Join Us

We invite you to become a part of Centricity's growing family. Experience firsthand how our mission shapes everything we do from providing essential financial services to fostering community development. Visit us at 4477 Lavaque Rd or contact us at 218-729-7733 for more information about membership opportunities. Together, let's build a brighter future for Hermantown!

Our Journey

Since our inception, Centricity has focused on providing exceptional financial services while promoting community welfare. Over the decades, we have expanded our offerings to include personal banking, auto loans, mortgage services, business banking, and online solutions to meet the diverse needs of our members. Our growth is reflected not just in our services but also in our total assets of over $316 million, enabling us to support more members with their financial goals.

Our Mission

The mission of Centricity is simple yet powerful: to empower individuals and families in Hermantown through accessible financial services while actively contributing to the community's well-being. We believe in treating every member like family and providing tailored solutions that suit their unique circumstances. This commitment extends beyond just banking; we engage in various outreach programs aimed at strengthening our community ties. Our dedicated team works diligently to ensure that all members receive personalized service. With operating hours from Monday to Friday: 8:30 AM - 5:00 PM and extended drive-thru service hours on weekdays and Saturdays, we strive to accommodate your busy schedule.

Branch Location & Accessibility

Nearby Landmarks and Accessibility

Our branch is just a stone's throw away from popular local spots, making it a breeze for you to drop in. Plus, we have ample parking available, including designated spaces for those with disabilities. Our facility is fully ADA compliant, ensuring everyone can enjoy easy access to our services. If you're in need of ATM services, you'll be pleased to know that we offer convenient ATM access on-site.

Operating Hours and Services

We're here for you during our lobby hours from Monday to Friday, 8:30 a.m. to 5:00 p.m., with drive-thru service available earlier at 7:00 a.m. If you need assistance on weekends, stop by on Saturday from 8:00 a.m. to noon! At Centricity, we pride ourselves on offering a range of services tailored to fit your personal and business banking needs from checking and savings accounts to auto loans and mortgages. Our friendly team is always ready to help with deposits, withdrawals, and any questions you might have about our offerings. If you're looking for reliable banking solutions in Saint Louis County, give us a call at 218-729-7733 or come visit us today! We can't wait to welcome you into the Centricity family.

Member Eligibility

Becoming a member of Centricity is like joining a family that truly cares about your financial well-being. We welcome anyone who lives, works, worships, or attends school in our community and their family members to join us. Our goal is to provide you with personalized service and a range of financial products designed to meet your needs. Whether you're looking for checking and savings accounts, auto loans, or even mortgage options, we're here to support you every step of the way. If you're interested in becoming a member, feel free to check out the detailed eligibility criteria at https://centricity.org/about/membership/become-a-member/ . It's simple and straightforward! You can also reach out to us directly at (218) 729-7733 if you have any questions or need assistance with the account opening process. We're excited to welcome you to our vibrant community at Centricity, located at 4477 Lavaque Rd Hermantown Mn 55811!

Business Banking & Commercial Services

Financing Options for Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $37 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $3 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $4,185,371, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Work for You

Imagine having the ability to accept payments effortlessly, whether it's through credit cards or mobile payments. Our merchant services provide just that, making transactions smoother so you can focus on what matters your customers. From point-of-sale systems to online payment processing, we offer tools that enhance your business operations. Located at 4477 Lavaque Rd Hermantown Mn 55811 in Hermantown, MN, we invite you to explore how our business banking solutions can empower your enterprise. Reach out today at (218) 729-7733 to learn more!

Comprehensive List Of Services

Business Banking Services

For local entrepreneurs, we offer robust Business Banking solutions including merchant services and business loans. We believe in supporting our community's growth, so whether you're starting a new venture or expanding an existing one, we're here for you.

Digital Banking Convenience

In today's fast-paced world, accessibility is key. That's why we've invested in top-notch Online & Mobile Banking options. Check your balance, transfer funds, or pay bills all from the comfort of your home or on the go using our user-friendly mobile app. Need cash? Our ATM and cash withdrawal services are available whenever you need them.

Drive-Thru and ATM Services

Our branch also offers Basic Drive-Thru Banking, where simple transactions like deposits and withdrawals can be done quickly without leaving your vehicle. For those who prefer ATMs, we provide easy access for balance checks and cash withdrawals as well. At Centricity, we're proud to serve our members with comprehensive financial solutions that are convenient and accessible. If you have questions or need assistance with any of our services, don't hesitate to reach out at (218) 729-7733. Your financial wellness is just a call away! Discover how we can support your journey by visiting us or checking out more information on our website: Hermantown Office. We look forward to helping you achieve your financial goals!

Personal Banking Solutions

We know that managing day-to-day expenses can be a juggling act. Our Personal Banking options include checking and savings accounts designed to fit different lifestyles. Need a reliable way to finance your next car? Our Auto Loans & Vehicle Financing make it easy for you to hit the road without stretching your budget too thin. For those looking to invest in a home, our Mortgage Loans & Refinancing services provide competitive rates and expert guidance. If you're facing unexpected costs or simply want to consolidate existing debt, our Personal Loans & Debt Consolidation can help ease your financial burden. Plus, with our Credit Cards with Rewards, every purchase brings you closer to exciting perks.

Digital & Online Banking

E-Statements and Transfers

Say goodbye to paper statements! With e-statements available, you can receive your account statements electronically, reducing clutter while keeping your information secure and easy to access. Additionally, our person-to-person transfer feature allows you to send money directly to friends or family without any hassle. Whether you're at home or out running errands, Centricity ensures that managing your finances is straightforward and accessible. Join us in embracing modern banking visit https://centricity.org/ today to explore all that our digital services have to offer!

Key Features

Our online banking service allows you to keep a close eye on your accounts with real-time updates. You can easily check balances, pay bills, and transfer funds all from the comfort of your home or on the go. For those who prefer mobile banking, our user-friendly mobile application provides all the features you need right at your fingertips. Plus, with mobile payments enabled, making purchases has never been easier. Security is a top priority for us. We offer electronic signature authorization, so you can sign important documents securely without needing to visit a branch. This feature not only saves time but also adds an extra layer of convenience to your banking tasks.

Financial Strength

A Trusted Partner for Your Finances

Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Centricity is your trusted partner. Visit us at 4477 Lavaque Rd Hermantown Mn 55811 or call (218) 729-7733 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.

Investments in Your Future

With $28,923,681 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment to growth is reflected in the $5,350 in used auto loans and $242,069,380 in total loans and leases. This lending capacity supports our members' financial goals across various sectors.

Member-Centric Savings Options

Members' savings are secured through $32,193,141 in share certificates and $21,219,372 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $1,745,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our financial performance is robust, with a net income of $630,781 reflecting our operational efficiency. This enables us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 85 full-time employees and 17 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Strong Financial Health

With a net worth of $39,847,353, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,259 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 $73,202,050 in used vehicle loans and $20,039,832 in new vehicle loans already helping members get on the road. Whether you're interested in financing a new ride or refinancing an existing loan for better terms, we've got options that fit your budget.

Business Financing

For business owners in our community, we provide outstanding commercial loans totaling $4,185,371. These loans are designed to give your business the capital it needs to grow and expand without unnecessary hassle.

Credit Lines and Personal Loans

For those looking for additional flexibility in managing finances, our total credit lines amount to $45,813,308. These lines can serve as a safety net for unexpected expenses or planned purchases. We also offer unsecured credit card loans currently totaling $0, but this option is available to help members manage their finances effectively when needed.

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $44,258,468, making buying or refinancing simple. We provide competitive rates and flexible terms to help you navigate the process smoothly.

Refinancing Options

If you're considering refinancing any existing loans or looking into eligibility options for our products, our team is here to guide you through the steps. We aim to make the process straightforward so you can focus on what matters most your financial wellbeing. Our commitment extends beyond just providing loans; we strive to empower our members with knowledge and support throughout their financial journey. 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 Centricity can assist you today by visiting our website at Centricity or contacting us directly. Let's take that next step together!

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CENTRICITY CREDIT UNION - Hermantown, MN