Community Resource Latham NY Credit Union | Low Mortgage Rates & Affordable Auto Loans

Introduction

Welcome to Community Resource, your trusted financial partner located at 20 Wade Rd, Latham, NY 12110. Established in 1935, our credit union has proudly served the community for over 85 years, helping members achieve their financial goals through personalized banking solutions. With a total membership of 6,698, we are committed to fostering a supportive environment where you can thrive financially. At Community Resource, we understand that every member's needs are unique. That's why we offer a diverse range of services including checking and savings accounts, auto loans, mortgage loans, and business banking options. Our total assets stand at an impressive $114,227,199, reflecting our strong commitment to the financial well-being of our members. We also maintain robust financial health with $9,017,311 in total deposits and a net worth of $13,799,500. Our dedicated team of 27 employees is led by CEO Terry Langlois and Board President Thomas Ellis, who work tirelessly to ensure that you receive the best service possible. Whether you're looking for help with loans or simply need advice on saving for the future, we're here to guide you every step of the way. While members can visit us at our branch location in Latham for face-to-face assistance, official correspondence should be sent to our mailing address: 20 Wade Rd, Latham, NY 12110-3520. We invite you to explore all that Community Resource has to offer. For more information or to discuss your financial needs, please call us at 518-783-2211. Together, let's build a brighter financial future!

Branch History & Mission

Join Us!

As we look forward to continuing our legacy of service and growth, we invite you to become part of the Community Resource family. Experience firsthand how we can help you achieve your financial goals while making a difference in your community. For more information or to join us today, please reach out at 518-783-2211 or visit our website at Community Resource. Together, let's build a brighter future!

Mission Statement

At Community Resource, our mission is simple yet profound: to enhance the financial well-being of our members while giving back to the community we serve. We believe that everyone deserves access to essential financial services without the barriers often found in traditional banking institutions. We offer a range of products tailored for personal banking such as checking and savings accounts, auto loans, mortgages, personal loans and business banking solutions like merchant services and business loans. We are not just about transactions; we are about connections. Our commitment extends beyond financial services as we actively engage in community outreach initiatives. Whether it's partnering with local organizations or hosting educational workshops, we strive to make a positive impact on Latham and its residents.

Modern Services

Understanding the importance of convenience in today's world, we offer digital banking solutions alongside traditional services. Members can enjoy online banking and mobile applications that enable them to manage their finances easily. For those who prefer face-to-face interaction, our drive-thru banking service allows quick access for deposits and withdrawals. While members can visit us at 20 Wade Rd for all their banking needs, official correspondence should be sent to our mailing address: 20 Wade Rd, Latham, NY 12110-3520.

Our Journey

From our humble beginnings, Community Resource has been dedicated to empowering individuals and families through accessible financial services. Over the years, we have achieved significant milestones, including amassing total assets of $114,227,199. This growth speaks to our commitment to providing quality service and fostering strong relationships within our community. Our headquarters in Latham continues to be a hub for innovation and support as we adapt to the changing needs of our members.

Branch Location & Accessibility

Convenience and Accessibility

Getting to our branch is a breeze, with ample parking available right outside. We strive to make banking accessible for everyone, offering features like ADA-compliant ramps and entryways. Whether you're stopping by for a quick transaction or planning a longer visit, we want your experience to be comfortable.

Get in Touch!

Have questions or ready to explore what we can do for you? Don't hesitate to call us at 518-783-2211! Our friendly staff is eager to assist you. We invite you to visit us soon at Community Resource where your financial well-being is our priority!

Nearby Landmarks

Located conveniently near local favorites and landmarks, our branch is just a short drive from parks and shopping centers. This makes it easy to fit banking into your busy day while enjoying the local scene.

Operating Hours

We know how important it is for you to access your banking services when you need them. Our lobby hours are designed with your convenience in mind: Monday and Tuesday from 8:30 AM to 4:30 PM, Wednesday from 9:30 AM to 4:30 PM, and Thursday through Friday from 8:30 AM until 6:00 PM. Plus, we're open Saturday mornings from 9:00 AM to noon!

Services We Offer

At Community Resource, we provide a wide range of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we have something for everyone. If you prefer quick transactions, our drive-thru service allows for easy deposits and withdrawals without having to leave your vehicle. Additionally, we offer shared services so members of partner credit unions can also access basic transactions here.

Member Eligibility

At Community Resource, we believe that becoming a member is like joining a warm, welcoming family where everyone looks out for each other. If you're interested in joining us at our branch located at 20 Wade Rd, Latham, NY 12110, you'll find it's easy to become part of our community. To be eligible, you simply need to live, work, worship, or attend school in the areas we serve. This means if you're part of our local community, you're already on your way to enjoying all the benefits we offer. Membership comes with numerous advantages, including personalized service and competitive financial products designed to help you achieve your goals. Opening an account with us is just as straightforward. You can start the process by visiting this link: Account Opening Details. If you have any questions or need assistance along the way, don't hesitate to give us a call at 518-783-2211. For more detailed eligibility criteria and to ensure you have the most current information, check out our website at Membership Perks. We're excited to welcome you into our Community Resource family!

Business Banking & Commercial Services

Merchant Services that Work for You

In addition to loans, we offer merchant services that simplify payment processing. Picture this: a retail store owner who wants to accept card payments effortlessly. Our merchant solutions provide them with fast transactions and secure payment options, allowing them to focus on their customers rather than worrying about finances. With an outstanding commercial loan portfolio of $198606, we continue to drive economic growth by financing new and expanding businesses in Latham, NY. Ready to take your business to the next level? Visit us at 20 Wade Rd Latham Ny 12110 or call us at (518) 783-2211 for more information on how we can help!

Tailored Lending Solutions

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $2 in commercial loans for our members, helping businesses scale and succeed. Imagine a local restaurant that needed funding to renovate its kitchen and increase seating capacity. With our member commercial loans, they were able to create a welcoming environment that attracted more customers and boosted sales.

Comprehensive List Of Services

Accessible Branch Services

At Community Resource, we also offer basic drive-thru banking for quick deposits, withdrawals, and simple transactions perfect for when you're on the go. Additionally, if you're a member of a partner credit union, take advantage of our shared branch transactions for deposits and withdrawals without needing to visit your own branch. We invite you to experience everything Community Resource has to offer. Our friendly team is here to assist you with any questions or concerns. Call us at 518-783-2211 or visit us at our branch in Latham today! Let's work together towards achieving your financial goals!

Business Banking Solutions

If you're a small business owner, we haven't forgotten about you! Our business banking services, including merchant services and business loans, are designed to support your growth. We know how hard you work, and we want to help make managing your business finances easier.

Convenient Digital Banking Features

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking features. With just a few taps on your smartphone or clicks from your computer, you can check balances, transfer funds, and pay bills anytime, anywhere. For those times when you need cash quickly, our ATMs provide easy access for withdrawals and balance checks.

Personal Banking Made Simple

Our personal banking services include checking and savings accounts that are designed to help you manage your finances effectively. You can easily set up automatic transfers, so saving becomes effortless. If you're considering purchasing a new vehicle, our auto loans and vehicle financing options offer competitive rates to help you drive away with confidence. For those planning to buy a home, our mortgage loans and refinancing solutions provide flexible terms that fit your lifestyle. We understand that life can be unpredictable, which is why our personal loans and debt consolidation options are here to give you financial relief when you need it most.

Rewarding Credit Options

Looking to earn while you spend? Our credit cards with rewards allow you to enjoy benefits on your everyday purchases. It's an easy way to make the most out of your spending without any hassle.

Digital & Online Banking

Convenience and Security

While mobile payments are not an option at this time, our focus remains on making sure every transaction is safe and secure. You can bank with confidence knowing that we use advanced security measures to protect your personal information. In today's fast-paced world, having control over your finances is essential. With Community Resource's digital and online banking options, managing your accounts has never been more accessible or efficient. Join us in enjoying a modern banking experience that prioritizes both convenience and security!

Key Features

One of the standout features is the availability of e-statements. Instead of waiting for paper statements in the mail, you can receive your financial documents electronically, which is not only quicker but also better for the environment. And while we currently do not offer electronic signature authorization, rest assured that your privacy and security are top priorities for us. Managing your money has never been simpler with person-to-person transfers available at your fingertips. If you need to send money to a friend or family member, it's as easy as clicking a button. Additionally, our mobile application allows you to take banking on the go, providing access right from your smartphone.

Financial Strength

At Community Resource, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are dedicated to maintaining a solid financial foundation that ensures you can trust us with your hard-earned money. With a net worth of $13,799,500, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 1208 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $44,295,090 in share certificates and $14,755,041 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $1,496,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $13,799,500 in undivided earnings, we reinvest in innovative banking tools and stronger lending options to serve our members better. Our lending capacity is robust as evidenced by the $85,577,301 in total loans and leases available to support your financial goals across various sectors. Our operational efficiency is reflected in our net income of $0, allowing us to continue offering competitive loan rates and solid financial products tailored for our members' needs. We also take pride in having 27 full-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team. Net Shares (Funds available for lending and investments): $21,227. Total Share and Deposit Accounts: 12,381, 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, Community Resource is your trusted partner. Visit us at 20 Wade Rd Latham NY 12110 or call 518-783-2211 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.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $21,863,749 in used vehicle loans and $6,428,359 in new vehicle loans already helping members get on the road. Whether you're considering a brand-new model or a reliable used vehicle, our financing options can make your purchase easier and more affordable.

Business Financing

For business owners, our outstanding commercial loans totaling $198,606 provide the capital needed to grow and expand. Whether you're starting a new venture or looking to strengthen an existing one, our commercial loan options are designed to support your business objectives. We invite you to explore these opportunities further at our branch located at 20 Wade Rd, Latham NY 12110. If you have any questions or need assistance with the application process, feel free to reach out at 518-783-2211. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. We look forward to helping you with your financial journey!

Credit Lines and Unsecured Loans

For those needing extra flexibility with their finances, we also provide personal credit lines totaling $19,284,470. These can be useful for unexpected expenses or planned purchases alike. Additionally, we offer flexible terms on unsecured credit card loans; however, currently there are no outstanding balances in this category.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $6,123,425, make buying or refinancing simple. We aim to provide competitive rates and flexible terms that fit your budget and lifestyle. If you're looking to refinance an existing mortgage or explore eligibility options for first-time homebuyers, our knowledgeable staff is ready to assist you.

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COMMUNITY RESOURCE FEDERAL CREDIT UNION - Latham, NY

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