Credit Union 1 Hobart IN | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Credit Union 1, your trusted financial partner in Hobart, IN. Established in 1958, our commitment to serving the community has only grown stronger over the years. Located at 680 N Union St, Hobart, IN 46342, we proudly support a vibrant membership of 110,468 individuals and families who rely on us for their banking needs. At Credit Union 1, we understand that financial well-being is essential for everyone. With total assets reaching an impressive $1,921,186,884 and total deposits of $593,117,389, we are equipped to provide a range of services tailored to help you achieve your financial goals. Our offerings include personal banking options like checking and savings accounts, auto loans, mortgages, and credit cards with rewards. We also cater to businesses with merchant services and business loans. Our dedicated team of 363 employees, led by CEO Todd Gunderson and Board President Robert Eberhardt, is here to assist you every step of the way. We pride ourselves on creating a welcoming atmosphere where members can feel confident in their financial decisions. Whether you're visiting us in person or using our online and mobile banking services, we strive to make banking as straightforward and stress-free as possible. While members can visit us at our Hobart branch for all their banking needs, official correspondence should be sent to our mailing address at 200 E Champaign Ave, Rantoul, IL 61866-2930. With a net worth of $170,866,746 and cash on hand totaling $14,753,401, we stand ready to support your financial journey. If you're looking for a reliable credit union that puts its members first, look no further than Credit Union 1. We invite you to explore what we have to offer visit us today or call us at 800-252-6950. Your financial future starts here!

Branch History & Mission

Community Impact

Our dedication to community extends beyond transactions. We actively engage in outreach programs that support local initiatives and charities because we believe that when our community thrives, so do we. We're not just here for your financial needs; we're here to make a positive impact on the lives of those around us. Join us today! Experience the benefits of being part of Credit Union 1 where you can count on us as your trusted financial partner. Whether you're looking for reliable banking services or seeking guidance on your financial journey, we're here for you every step of the way. Let's build a brighter future together! For more information or assistance, feel free to call us at 800-252-6950 during our lobby hours from Monday through Friday from 9 AM to 5 PM. Explore what Credit Union 1 can do for you at creditunion1.org!

Our Mission

At Credit Union 1, our mission goes beyond just offering banking products; it's about building relationships and fostering financial well-being in our community. We provide a range of services including checking and savings accounts, auto loans, mortgages, personal loans, and business banking solutions. With total assets exceeding $1.9 billion, we are well-equipped to meet your financial needs. We strive for excellence not only in service but also in accessibility. Our branch features ATM availability and drive-thru banking options for your convenience. Additionally, we proudly operate a shared service center that allows members from partner credit unions to access essential services seamlessly.

Our Story

Located at 680 N Union St in Hobart, IN, our branch has played a vital role in the local economy for decades. As we evolved, we embraced innovations in banking technology, allowing us to offer modern services such as online and mobile banking. Our headquarters in Lombard, IL, guides our operations with strong leadership under CEO Todd Gunderson and Board President Robert Eberhardt. We believe that every member deserves personalized care and support on their financial journey. While our physical location is at the heart of Hobart, you can also reach us for official correspondence at our mailing address: 200 E Champaign Ave, Rantoul, IL 61866-2930. This dual approach ensures we are always connected with our members.

Branch Location & Accessibility

Accessibility Features

At Credit Union 1, we prioritize accessibility. Our facility complies with ADA standards, ensuring that everyone can visit us comfortably. You'll find ramps and wide doorways to accommodate all members. Plus, ample parking is available right outside our entrance, making your visit even more convenient.

Nearby Landmarks

Situated near local favorites, our branch is just a short drive from the beautiful Hobart Lake Park and the bustling downtown area. This prime location makes it easy for you to pop in before or after your daily errands.

Operating Hours

We're here for you during the week! Our lobby hours are from 9 AM to 5 PM, Monday through Friday. Feel free to stop by during these times for any banking needs you may have.

Services Offered

Credit Union 1 offers a variety of financial services tailored to meet your needs. From checking and savings accounts to auto loans and mortgage refinancing, we have options that suit every member's lifestyle. Additionally, enjoy the convenience of our drive-thru service for quick deposits and withdrawals without leaving your vehicle. For those who prefer online banking, we offer robust mobile services too! If you need assistance or want to learn more about what we offer, don't hesitate to call us at 800-252-6950. We look forward to serving you soon at Credit Union 1 in Hobart!

Member Eligibility

At Credit Union 1, we believe that becoming a member is like joining a close-knit family where everyone supports each other. To become part of our community, you simply need to meet some basic eligibility requirements. Typically, membership is open to anyone who lives, works, or attends school in the area around 680 N Union St Hobart In 46342. This means if you're part of our vibrant local community, you likely qualify! We also welcome members from select organizations and their families, making it easy for everyone to join in on the benefits we offer. Once you've confirmed your eligibility, opening an account with us is straightforward and hassle-free. You can easily find more information about the eligibility criteria and how to get started by visiting this link. If you have any questions or need assistance, don't hesitate to reach out at (800) 252-6950. We're here to help you every step of the way as you take this exciting step towards financial empowerment with Credit Union 1!

Business Banking & Commercial Services

Merchant Services That Matter

Imagine having the tools you need to accept payments seamlessly, whether online or in-person. Our merchant services empower you to focus on what you do best running your business while we handle the financial transactions. From credit card processing to mobile payment solutions, we help simplify your payment processes so you can serve your customers better. Located at 680 N Union St Hobart In 46342 in Hobart, IN, we're just a call away at (800) 252-6950. Let us partner with you for all your business banking needs!

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $496 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $40 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $472,499,101, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Business Banking Services

For entrepreneurs and business owners, our business banking services include essential offerings like merchant services and business loans tailored to help you thrive in today's market. Whether you're starting a new venture or expanding an existing one, our team is ready to support your goals.

Digital Banking Convenience

In this fast-paced world, having easy access to your finances is crucial. That's why we prioritize digital banking features at Credit Union 1. With our online and mobile banking platforms, managing your accounts is just a click away. You can check balances, transfer funds, and pay bills anytime from anywhere no need for long lines! We also provide convenient ATM and cash withdrawal services so you can access your money quickly when needed. For straightforward transactions like deposits and withdrawals, take advantage of our basic drive-thru banking services. Additionally, if you're a member of another partner credit union, enjoy shared branch transactions that allow you to conduct deposits and withdrawals conveniently.

Get Started Today!

At Credit Union 1 in Hobart, we pride ourselves on being more than just a bank; we're a community-focused financial partner dedicated to helping our members achieve their dreams. For any questions about our services or to open an account today, give us a call at 800-252-6950 or visit us online at Credit Union 1. Let us help you navigate your financial journey with ease!

Personal Banking Solutions

For those looking to manage their everyday finances, our personal banking options are perfect. We offer both checking and savings accounts that help you grow your savings while keeping your money accessible. Whether you're saving for a special occasion or just want a safe place for your funds, we have you covered. If you're considering purchasing a new vehicle, our auto loans and vehicle financing options provide competitive rates and flexible terms. Imagine driving off in your dream car without breaking the bank! Additionally, our mortgage loans and refinancing services make homeownership more attainable than ever. Whether you are buying your first home or looking to refinance an existing mortgage for better rates, we're here to assist you every step of the way. Sometimes life throws unexpected expenses your way. Our personal loans and debt consolidation services can provide the relief you need, allowing you to manage debt more effectively and focus on what truly matters. Plus, with our credit cards with rewards, you can earn points on your purchases that can be redeemed for travel, cash back, or other exciting perks.

Digital & Online Banking

Key Features

One of the standout features we provide is electronic signature authorization. This allows you to complete transactions and sign documents securely without needing to visit a branch in person. It's quick, efficient, and helps keep your sensitive information safe. We also offer e-statements, giving you the ability to view your account statements online anytime you want. No more waiting for paper statements in the mail! You can keep track of your finances easily and environmentally friendly. For those who love using their smartphones, our mobile application is perfect for managing your accounts on the go. With mobile payments enabled, making purchases has never been easier just tap and go! Plus, our person-to-person transfer feature lets you send money directly to friends or family with just a few taps on your phone. At Credit Union 1, we prioritize your security while offering these convenient services. Our online banking system uses advanced encryption technology to protect your information, ensuring that your data remains private and secure. In summary, whether you're using our online banking portal or our mobile app, managing your finances has never been easier or more secure. Join us at Credit Union 1 today and experience the benefits of modern banking tailored just for you!

Financial Strength

Growing Member Base

Total Share and Deposit Accounts stand at 206,629, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments) amount to $0, further enhancing our ability to serve you effectively. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Credit Union 1 is your trusted partner. Visit us at 680 N Union St Hobart In 46342 or call (800) 252-6950 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings Options

Members' savings are secured through $161,624,713 in share certificates and $105,793,521 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $65,120,499, 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 357 full-time employees and 6 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Reinvestment for Growth

With $89,166,175 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 $104,644 in used auto loans and $1,098,621,739 in total loans and leases.

Strong Financial Health

With a net worth of $170,866,746, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $982 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 $212,262,689 in used vehicle loans and $35,630,466 in new vehicle loans already helping members get on the road. We also provide financing for various types of vehicles to ensure you find an option that fits your lifestyle.

Business Financing

For business owners, our outstanding commercial loans totaling $472,499,101 provide the capital needed to grow and expand. These loans are designed to help you take your business to the next level.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $42,698,983, make buying or refinancing simple. We aim to assist you in making informed decisions throughout the mortgage process.

Refinancing Options

If you're considering refinancing any existing loans or exploring eligibility options for new ones, our team is here to guide you through the process and help you find the best solutions for your situation. At Credit Union 1, we pride ourselves on being more than just a lender; we strive to be a partner in your financial journey. If you have questions or want more information about any of our loan products, please feel free to contact us at 800-252-6950. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Visit us today and discover how we can help you achieve your financial dreams!

Unsecured Credit Card Loans

We offer flexible terms on unsecured credit card loans as well. Although currently there are no unsecured credit card loans issued, we continually assess our offerings to better serve our members' financial needs.

Loan Aggregator

Benefits of Using LendMesh

One of the standout features of LendMesh is its real-time rate comparisons. Users have access to up-to-date loan rates from multiple institutions, making it easier for them to make informed decisions. Verified data means transparency at every step of the comparison process, reinforcing user confidence in their choices. Thousands of users trust LendMesh for loan comparisons. One satisfied member shared their experience: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" Such testimonials highlight the effectiveness of LendMesh in helping individuals secure better loan terms. Compare real-time loan offers today at LendMesh and find the best rates for your needs. *Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.*

Ensuring Accurate Comparisons

LendMesh takes several steps to guarantee that users receive reliable loan comparisons. First, all loan data is collected from legitimate financial institutions that adhere to strict regulatory guidelines. This sourcing means that users can trust the information they see on LendMesh as being both current and precise. Additionally, LendMesh does not feature sponsored listings; lenders are not prioritized based on paid promotions, which allows for truly unbiased results.

Credit Union 1