Community Credit Union Somerville MA | Best Auto Loans & Business Banking

Introduction

Welcome to Community Credit Union Of Lynn, your trusted financial partner located at 377 Summer St, Somerville, MA 02144. Established in 1955, we have been dedicated to serving our community for decades, helping over 4,100 members achieve their financial goals. Our commitment to providing exceptional service and personalized financial solutions has made us a cornerstone of the Somerville community. At Community Credit Union Of Lynn, we understand that every member's needs are unique. That's why we offer a variety of services including personal banking, auto loans, mortgages, and business financing options. With total assets exceeding $171 million and deposits around $7.5 million, we pride ourselves on being a reliable source for all your financial needs. Under the leadership of our CEO, Nicholas Sarantopoulos, and Board President, Peter Katsos, our team of 31 employees is here to ensure that you receive the best possible support. Whether you need assistance with online banking or want to explore loan options totaling over 3,500, we're just a phone call away at (617) 539-8570. While members can visit us at our branch location in Somerville, official correspondence should be sent to the same address for convenience. We invite you to explore more about our offerings on our website at myccu.org or stop by during our operating hours: Monday through Friday from 8:30 AM to 5:00 PM and Saturday from 9:00 AM to 1:00 PM. Join us today and experience the difference of being part of a credit union that truly cares about its members!

Branch History & Mission

Community Engagement

Community Credit Union Of Lynn takes pride in its commitment to community outreach. We actively engage with local organizations and initiatives that promote education, health, and well-being. By partnering with schools and non-profits, we work tirelessly to ensure that our impact is felt beyond just financial transactions. As we continue to embrace technological advancements like online banking and mobile payments, we remain dedicated to maintaining an ADA-compliant space that welcomes all members of our community. Our focus is always on providing a customer-centric experience that caters to your unique needs. Join us at Community Credit Union Of Lynn, where your financial dreams become reality. Experience the benefits of being part of a cooperative that truly cares about its members and community. If you're ready to take the next step towards better banking, visit us today or give us a call at (617) 539-8570!

Our Mission

Our mission is simple yet profound: to provide exceptional financial services while enriching the lives of our members and supporting our community. We strive to create an inclusive environment where everyone feels valued and empowered. Whether it's through personal banking options like checking accounts and auto loans or business banking solutions such as merchant services and business loans, we aim to help our members achieve their financial goals. While members can visit us at 377 Summer St Somerville Ma 02144, official correspondence should be sent to 377 Summer St, Somerville, MA 2144. Our dedicated team is here for you Monday through Friday from 8:30 AM to 5:00 PM and on Saturday from 9:00 AM to 1:00 PM. We also offer ATM availability for your convenience.

Branch Location & Accessibility

Welcome to the Community Credit Union Of Lynn located at 377 Summer St, Somerville, MA 02144! Our branch is easy to find and conveniently situated for all your banking needs. Whether you're coming from the nearby Davis Square or taking a stroll through the vibrant streets of Somerville, you'll find us right in the heart of it all. At our branch, we prioritize accessibility and comfort. With ample parking available, visiting us is hassle-free. We also ensure our facilities are ADA compliant, making it easy for everyone to access our services. While members can visit us at this location, please note that any official correspondence should be sent to our mailing address: 377 Summer St, Somerville, MA 2144. Our friendly staff is here to assist you during our operating hours: Monday through Friday from 8:30 AM to 5 PM and Saturday from 9 AM to 1 PM. We offer a range of services including personal banking options like checking and savings accounts, auto loans, mortgage loans, and credit cards with rewards all designed to meet your financial needs. For added convenience, we have an ATM available for quick cash withdrawals and balance checks. Unfortunately, we do not currently offer drive-thru banking or shared service center availability at this location. If you have any questions or need assistance, don't hesitate to call us at 617-539-8570. We look forward to welcoming you to the Community Credit Union Of Lynn soon!

Member Eligibility

At Community Credit Union Of Lynn, we believe that everyone deserves a supportive financial community. Becoming a member is simple and welcoming, as we open our doors to those who live, work, worship, or attend school in the areas we serve. If you're looking for a friendly place to manage your finances, you'll find that our credit union offers a range of benefits designed just for you. Membership grants you access to personalized services, competitive rates on loans, and a variety of account options tailored to meet your needs. To get started, all you need to do is visit us at 377 Summer St Somerville Ma 02144 or give us a call at (617) 539-8570. You can find more specific details about eligibility and membership requirements at https://myccu.org/about-us/membership/ . When you're ready to open an account, the process is straightforward! Check out our online application at https://app.docnaire.com/myccu/register-user ?q=dhqvyj2yeu2tikhs0zvx84xhsr%2b7mkbtnp2h0wmhaqi9n9sq%2baodrmbs37u87tpgij%2bwvmu%2f8fn%2bpqqtdly6sfzweeclaaglamhfvvwoquc%3d and become part of our vibrant community today!

Business Banking & Commercial Services

Business Loan Options

Imagine being able to invest in new equipment or hire more staff to meet growing demand. Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $103 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 $24,255,742, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In addition to loans, our merchant services make daily transactions smoother for your business. Picture this: your customers can pay easily through various methods, allowing you to focus on what matters growing your business. From payment processing to point-of-sale solutions, we're here to simplify the way you do business. Visit us at 377 Summer St Somerville Ma 02144 in Somerville, MA, or call us at (617) 539-8570 to learn more about how we can support your business journey today!

Comprehensive List Of Services

Business Banking Services

If you're a business owner in need of financial support, we provide business banking services including merchant services and business loans. We understand that managing finances can be challenging when running a business; that's why we're here to simplify the process for you.

Credit Options and Debt Management

For those looking for financial flexibility, our personal loans can assist with everything from unexpected expenses to debt consolidation. Plus, our credit cards come with rewards that make spending more rewarding! Whether you're planning a vacation or just want to earn cash back on everyday purchases, we have options that suit your lifestyle.

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why we emphasize our online and mobile banking features. With secure access to your accounts anytime and anywhere, managing your finances has never been easier. You can even use ATM services for quick cash withdrawals and balance checks without any hassle.

Join Us Today!

At Community Credit Union Of Lynn in Somerville, MA, we prioritize your financial wellbeing above all else. Our friendly staff is always ready to assist you with any questions or concerns you may have about our services. For more information or to get started with opening an account today, give us a call at 617-539-8570 or visit our website at myccu.org. Let us help you take the next step toward achieving your financial goals!

Personal Banking Solutions

Starting with personal banking, we provide checking and savings accounts that are simple to open and easy to manage. Imagine having a place where your money can grow while you keep track of it effortlessly through our online and mobile banking services. You can make deposits, check balances, and transfer funds all from your phone or computer. If you need assistance with financing a new car or refinancing an existing one, our auto loans are here to help. With competitive rates and flexible terms, you'll be on the road in no time. We also offer mortgage loans and refinancing options so that homeownership becomes more achievable for you. Our team is ready to guide you through every step of the process.

Digital & Online Banking

Convenience and Security

At Community Credit Union Of Lynn, we understand that transferring money between friends or family members is sometimes necessary. That's why we offer person-to-person transfer options that are simple and quick. You can send money in real-time with just a few taps on your screen. We prioritize your security in every aspect of our digital banking services. With advanced encryption technologies and user-friendly interfaces, you can feel confident knowing that your information is safe while accessing your accounts online. Whether you're at home or on the move, our digital banking services make managing your finances hassle-free and accessible. Experience the convenience of modern banking today with Community Credit Union Of Lynn!

Key Services

Our online banking services include everything from checking your balance to making payments. You can easily sign up for e-statements, allowing you to go paperless while keeping all your important financial documents organized and accessible. Plus, if you prefer handling things on the go, our mobile application ensures you have full access to your accounts right in your pocket. One of the great features we provide is electronic signature authorization. This means that you can complete transactions without needing to visit a branch, making it easier than ever to manage your finances securely from home. Additionally, our mobile payments feature lets you pay for goods and services directly from your phone, streamlining your shopping experience.

Financial Strength

Growing Trust Among Members

Total Share Accounts stand at 11,459, showcasing a strong and growing member base that trusts us with their finances. This trust is further emphasized by net shares available for lending and investments totaling $265,485. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Community Credit Union Of Lynn is your trusted partner. Visit us at 377 Summer St Somerville Ma 02144 or call 617-539-8570 to learn more about how we can help you achieve your financial goals.

Investment in Future Growth

With $12,355,156 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 $168 in used auto loans and $126,719,620 in total loans and leases supporting members' financial goals across various sectors.

Member Savings Security

Members' savings are secured through $31,015,689 in share certificates and $38,601,111 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $2,248,926, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our recent net income of -$923,213 reflects the current challenges; however, it also highlights our commitment to navigating through these times while continuing to provide essential services to our community. We also take pride in having 26 full-time employees and 5 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team.

Our Financial Health

With a net worth of $14,033,144, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 816% 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 $2,639,377 in used vehicle loans and $2,286,527 in new vehicle loans already helping members get on the road. Whether you're interested in financing a new vehicle or a reliable used one, our dedicated team is here to assist you every step of the way.

Business Loans

For business owners, our outstanding commercial loans totaling $24,255,742 provide the capital needed to grow and expand your business. We understand the unique challenges faced by small businesses and are committed to supporting your success.

Conclusion

No matter what type of loan you're seeking be it for personal use or business we're here to help at Community Credit Union Of Lynn. Contact us today at 617-539-8570 or visit us at 377 Summer St Somerville Ma 02144 for more information on how our loan products can work for you. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.

Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $300,936 in loans helping members manage their finances effectively. Our credit cards come with rewards and are designed to provide convenience while offering financial flexibility.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $17,845,499, which can help turn your dream of owning a home into reality. If you're considering refinancing your current mortgage, we can guide you through the eligibility options available.

Loan Aggregator

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COMMUNITY CREDIT UNION OF LYNN CREDIT UNION - Somerville, MA