Chessie Credit Union Cumberland MD | Best Auto Loans & Business Banking

Introduction

Welcome to Chessie, your trusted partner in financial well-being since 1948. Located at 15 Commerce Dr, Cumberland, MD 21502, we are dedicated to serving our community with a personal touch that sets us apart from traditional banks. With over 34,121 members and assets totaling $406,849,680, Chessie is not just a credit union; we are a family focused on helping you achieve your financial goals. At Chessie, we believe in the power of community and strive to make a positive impact through our tailored financial services. Whether you're looking for checking and savings accounts, auto loans, or business banking solutions, we offer a wide range of products designed to fit your unique needs. Our total deposits stand at an impressive $73,078,701, showcasing the trust our members place in us. While members can visit us at our branch location, official correspondence should be sent to PO Box 689, Cumberland, MD 21502. Under the leadership of CEO Scott Kline and Board President Walter Beall, our team of 96 dedicated employees works tirelessly to provide you with exceptional service and support. With a net worth of $50,560,088 and cash in hand amounting to $4,622,417, we are well-positioned to offer competitive rates and flexible options for all your financial needs. We invite you to explore how Chessie can help you navigate your financial journey with confidence. Ready to take the next step? Visit our website at Chessie FCU or call us at 301-777-1781 today! Your financial future starts here!

Branch History & Mission

Community Impact

We take pride in being more than just a bank; we're a vital part of Cumberland's fabric. Through partnerships with local organizations and active involvement in community events, Chessie works tirelessly to uplift those around us. Whether it's sponsoring local sports teams or participating in charity drives, we are dedicated to making a positive difference.

Join Us

As we look towards the future, we invite you to become part of our journey at Chessie. Experience firsthand the benefits of membership and how you can be part of something bigger a community-focused credit union committed to empowering its members financially and socially. For more information or to open an account with us today, visit Chessie's website or give us a call at 301-777-1781. Together, let's build a brighter financial future!

Our Journey

From our humble beginnings at 15 Commerce Dr, we have continuously adapted to meet the needs of our diverse membership. Over the decades, we've expanded our services while maintaining our commitment to personal banking that puts people first. Today, we offer a comprehensive range of products including checking and savings accounts, auto loans, mortgages, personal loans, and business banking services. Our focus on member satisfaction has been integral to our growth and success. While members can visit us at 15 Commerce Dr, official correspondence should be sent to PO Box 689, Cumberland, MD 21502. Located near local landmarks that make Cumberland special, we are easily accessible for all your banking needs.

Our Mission

At Chessie, our mission is clear: we aim to provide quality financial services while actively supporting the communities we serve. We believe in the power of collaboration and strive to create lasting partnerships through various outreach programs and community initiatives. Our commitment extends beyond just offering loans or accounts; it's about building relationships that foster growth and prosperity for everyone involved. As part of this mission, we prioritize digital advancements to ensure that banking remains convenient for all members. Our online banking platform allows you to manage your finances with ease. We also offer ADA-compliant facilities to ensure accessibility for all members of our community.

Branch Location & Accessibility

Welcome to the Chessie branch located at 15 Commerce Dr, Cumberland, MD 21502! Our convenient location makes it easy for you to access all your banking needs. Nestled in the heart of Allegany County, we are just a short drive away from popular spots like the historic downtown area and beautiful local parks, making us an ideal stop for both residents and visitors. At Chessie, we prioritize accessibility. Our branch is designed with ADA-compliant features, including ramps and spacious parking to ensure that everyone can visit us comfortably. Whether you're coming in for a quick transaction or a more detailed financial consultation, we strive to make your experience as smooth as possible. Our lobby hours are welcoming too! We're open Monday through Friday from 9:00 AM to 4:30 PM. If you're on the go, our drive-thru service is available from 8:00 AM to 6:00 PM on weekdays and from 8:00 AM to 12:30 PM on Saturdays. This flexibility allows you to manage your banking errands at your convenience. For those who need cash or wish to perform basic transactions outside of regular hours, we also offer ATM services right at our location. You can easily access funds or check your balance without stepping inside the branch! If you need to send official correspondence, please note that while you can visit us at our branch address, any mail should be directed to PO Box 689, Cumberland, MD 21502. We invite you to reach out with any questions by calling us at 301-777-1781. Our friendly staff is here to help you with everything from personal banking options like checking and savings accounts to auto loans and credit cards. Come visit us today and experience the exceptional service that makes Chessie a trusted choice for so many in our community!

Member Eligibility

At Chessie, we believe that everyone deserves a supportive community to help them thrive financially. Becoming a member is easy and welcoming! If you live, work, or worship in the area, you're likely eligible to join us. We embrace all members of our community, so whether you're just starting out on your financial journey or looking to enhance your banking experience, we have something for you. You can find the specific eligibility requirements by visiting our website at http://www.chessiefcu.org/about/become-a-member . Joining Chessie opens the door to a variety of benefits, including access to personalized banking services, competitive loan rates, and exclusive member rewards. The process to open an account is straightforward and can be completed online or in-person at our branch located at 15 Commerce Dr Cumberland Md 21502. If you have any questions or need assistance, feel free to give us a call at (301) 777-1781. We're here to help you take the first step toward a brighter financial future!

Business Banking & Commercial Services

At Chessie, we understand that every business has unique needs and dreams. Whether you're just starting out or looking to expand, our business banking and commercial services are designed to support your journey. Imagine securing the funding you need to purchase new equipment or open a second location. That's where our commercial loans come into play. Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $137 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $18,167,696, we continue to drive economic growth by financing new and expanding businesses. But it doesn't stop there. We also offer merchant services tailored to streamline your operations. Picture a local café seamlessly processing payments while managing inventory efficiently all thanks to our reliable merchant solutions. If you're ready to take your business to the next level, visit us at 15 Commerce Dr Cumberland Md 21502 in Cumberland, MD, or call us at (301) 777-1781. Let's work together to turn your business aspirations into reality!

Comprehensive List Of Services

Business Banking

If you're a business owner, we haven't forgotten about you! Our Business Banking services include everything from merchant services that make transactions seamless to business loans designed to help you grow.

Credit Cards and Rewards

Who doesn't love rewards? Our Credit Cards with Rewards program lets you earn points on every purchase, which can be redeemed for travel, merchandise, or cash back. It's an easy way to benefit from everyday spending!

Digital Banking Convenience

In today's fast-paced world, convenience matters. That's why at Chessie, we offer robust Online & Mobile Banking platforms that allow you to manage your accounts anytime, anywhere. Need to check your balance or pay bills? You can do it all from the comfort of your home or while on the go. Our ATM & Cash Withdrawal Services ensure that accessing cash is hassle-free. With ATMs available right here at our branch and beyond, getting cash when you need it is simple.

Drive-Thru and Basic Services

For those who prefer face-to-face interactions but have busy schedules, we provide Basic Drive-Thru Banking options for deposits, withdrawals, and other simple transactions. If you're in a rush but still need banking done efficiently, our drive-thru service has got you covered! As part of our commitment to making banking accessible for everyone, we also offer basic ATM access for quick withdrawals and balance checks. We invite you to visit us or call us at (301) 777-1781 to learn more about how our wide array of services can meet your needs. Discover how banking can be straightforward and rewarding at Chessie!

Personal Banking

When it comes to personal banking, we offer a variety of options designed to fit your lifestyle. Whether you're looking to open a checking or savings account, we have the right accounts that cater to your everyday financial needs. Imagine having a secure place for your money while earning interest on your savings! If you're thinking about purchasing a vehicle, our Auto Loans & Vehicle Financing services can help get you on the road quickly and affordably. We provide competitive rates and flexible terms so you can drive away with confidence. For those big milestones like buying a home, our Mortgage Loans & Refinancing options are here for you. Whether you're buying your first house or refinancing an existing mortgage for better rates, we'll guide you through every step. And if life throws unexpected expenses your way, our Personal Loans & Debt Consolidation services can provide the relief you need. We help simplify your finances by consolidating multiple debts into one manageable payment.

Digital & Online Banking

E-Statements and Secure Transactions

Say goodbye to paper clutter! With e-statements available, you can view your account statements online whenever you need them. This not only keeps your information organized but also adds an extra layer of security to your financial data. Plus, while we currently do not offer electronic signature authorization, rest assured that our platform prioritizes user-friendly features for a smooth banking experience.

Mobile Banking Made Easy

For those who prefer to bank on their mobile devices, our user-friendly mobile application allows you to manage your accounts with ease. You can make person-to-person transfers effortlessly, ensuring that sending money to friends or family is quick and hassle-free. Although mobile payments are not available yet, our app still provides a secure way to handle your banking needs right from the palm of your hand. In today's fast-paced world, having access to reliable digital banking tools can make all the difference. At Chessie, we're dedicated to providing you with a safe and efficient way to manage your money so you can focus on what matters most. Explore our online banking options today and take charge of your financial journey!

Online Banking Services

With our 24/7 online banking services available at https://www.chessiefcu.org/ , you can access your accounts anytime, anywhere. Check your balances, transfer funds, and pay bills with just a few clicks. It's all about giving you the control you need over your finances.

Financial Strength

Commitment to Reinvestment

With $38,088,727 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 our lending capacity; with $4,042 in used auto loans and $259,971,188 in total loans and leases, we support members' financial goals across various sectors.

Growing Member Base

Total Share and Deposit Accounts: 62,320, showing a strong and growing member base that trusts us with their finances. With Net Shares available for lending and investments at $532,098, we are positioned to help you achieve your dreams. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Chessie is your trusted partner. Visit us at 15 Commerce Dr Cumberland Md 21502 or call (301) 777-1781 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings Options

Members' savings are secured through $42,665,729 in share certificates and $25,503,142 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 $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 93 full-time employees and 3 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Strong Financial Position

With a net worth of $50,560,088, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,242 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 $62,235,176 in used vehicle loans and $31,213,735 in new vehicle loans already helping members get on the road. Whether you're eyeing that brand-new model or a reliable used vehicle, we have financing options that suit your budget.

Business Financing

For business owners, our outstanding commercial loans totaling $18,167,696 provide the capital needed to grow and expand. We understand the unique challenges businesses face and are committed to supporting local enterprises with tailored financial solutions. At Chessie, we believe in empowering our members through smart lending practices. If you're interested in refinancing options or want to check your eligibility for any of our products, please visit our website at Chessie FCU or call us directly. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Come see how we can help you take the next step towards achieving your financial aspirations!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $1,872,274, make buying or refinancing simple. We provide guidance throughout the process to ensure you find the right mortgage solution for your needs.

Unsecured Credit Cards

We also offer flexible terms on unsecured credit card loans, with a total of $9,881,138 in loans helping members manage their finances effectively. This option gives you the freedom to make purchases while enjoying manageable repayment terms.

Loan Aggregator

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Ensuring Accurate Comparisons

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CHESSIE FEDERAL CREDIT UNION