Electric Machinery Employees Credit Union Minneapolis MN | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Electric Machinery Employees Credit Union, your trusted financial partner located at 800 Central Ave Ne, Minneapolis, MN 55413. Established in 1946, we have proudly served our community for over 75 years, building a strong foundation based on trust and reliability. With a membership of 903 members, we are committed to providing exceptional service and tailored financial solutions that meet the unique needs of our members. At Electric Machinery Employees, we understand that every financial journey is different. That's why we offer a wide range of services including personal banking, auto loans, mortgage options, and business financing. Our total assets amount to an impressive $8,564,678, reflecting our stability and dedication to your financial well-being. We have a total loan portfolio of 476, demonstrating our commitment to helping you achieve your financial goals. While members can visit us at 800 Central Ave Ne, official correspondence should be sent to 800 CENTRAL AVE, MINNEAPOLIS, MN 55413. Our knowledgeable team is here to assist you with any inquiries or support you may need. You can reach us at 612-378-8100, where our friendly staff is ready to help during our operating hours from 8:00 AM to 4:30 PM (closed for lunch from 1:00 PM to 1:30 PM). Led by CEO Greg Ericson and Board President Richard Gross, we prioritize community engagement and member satisfaction. Our net worth stands at $2,173,232, showcasing our solid financial health. Additionally, we maintain total deposits of $562,901, ensuring that your funds are safe with us. We invite you to explore the various services we offer on our website here. Whether you're looking for a new vehicle loan or need assistance with personal banking needs, we're here to guide you every step of the way. Come visit us or give us a call today we're excited to help you thrive financially!

Branch History & Mission

Commitment to Innovation

As times change, so do we. The Electric Machinery Employees Credit Union embraces digital advancements by offering online and mobile banking services that make managing your finances easier than ever. Our commitment extends beyond traditional banking; we ensure that our services are ADA compliant and user-friendly for all members.

Community Connections

We pride ourselves on being more than just a financial institution. Through partnerships with local organizations and community outreach efforts, we strive to make a positive impact in Minneapolis and beyond. Our focus remains on building relationships that foster growth and support within the neighborhoods we serve. Join us today at Electric Machinery Employees Credit Union! Experience firsthand how we can help you reach your financial goals while being part of a caring community. Visit us online at emcu.org or call us at 612-378-8100 for more information on how you can become a member and start enjoying the benefits of personalized banking with us!

Our Mission

At the heart of our mission is a dedication to providing exceptional financial services while fostering a sense of community. We believe that by empowering our members with the right tools and resources, we can help them achieve their financial goals. Our mission statement emphasizes not just banking but also giving back to the community through various outreach initiatives and partnerships. While you can visit us at our branch address for all your banking needs, official correspondence should be sent to our mailing address: 800 CENTRAL AVE, MINNEAPOLIS, MN 55413. We are open Monday through Friday from 8:00 AM to 4:30 PM, with a lunch break from 1:00 PM to 1:30 PM.

Branch Location & Accessibility

Convenient Access and Nearby Landmarks

You'll find us near popular local landmarks, ensuring you can fit a visit into your daily routine. If you're in the area shopping or visiting friends, swing by to see how we can assist you with your financial needs! We have plenty of parking available to make your stop hassle-free. Our branch is designed with accessibility in mind, featuring ramps and facilities that comply with ADA standards so everyone can enjoy easy access.

Operating Hours Tailored for You

We know your time is valuable, which is why our lobby hours are designed to accommodate busy schedules. Visit us Monday through Friday from 8:00 AM until 4:30 PM, with a lunch break from 1:00 PM to 1:30 PM. This way, you can come in at a time that works best for you!

Services That Fit Your Needs

At Electric Machinery Employees Credit Union, we offer a range of services tailored to meet the diverse needs of our members. From checking and savings accounts to auto loans and personal loans, we're here to help you navigate your financial journey smoothly. While we currently do not have ATM services or drive-thru banking available, our friendly staff is always ready to assist you directly inside the branch.

We're Here for You

If you have any questions or need assistance, don't hesitate to give us a call at 612-378-8100. We're excited to serve you and look forward to welcoming you at our Electric Machinery Employees Credit Union branch!

Member Eligibility

Welcome to the Electric Machinery Employees family! Becoming a member at Electric Machinery Employees is more than just opening an account; it's about joining a community that cares about your financial well-being. If you're an employee of Electric Machinery or a family member, you're already on the right track to membership. We also welcome those who live or work in the Minneapolis area. This inclusive approach means you can access personalized services designed with your needs in mind. Ready to take the next step? Opening an account is easy! Just visit us at 800 Central Ave Ne Minneapolis Mn 55413 or give us a call at (612) 378-8100 for more information. You can find detailed eligibility criteria and guidelines on our website at . We're excited to help you start your journey with us!

Business Banking & Commercial Services

Merchant Services for Everyday Needs

In addition to loans, we offer merchant services designed to streamline your daily transactions. Imagine running your business smoothly with quick payment processing solutions that allow you to focus on what you do best serving your customers. Our merchant services can help you accept payments easily, ensuring your cash flow remains steady. At Electric Machinery Employees, we believe in building strong relationships with our business members. When you're ready to take the next step, we're here to provide personalized support tailored just for you. Reach out today at (612) 378-8100 to learn more about how we can assist your business!

Tailored Lending Solutions

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs. Although we have not issued any commercial loans yet, we recognize the potential for future partnerships. Whether you're looking to expand operations or invest in new equipment, our team is ready to help when the time comes.

Comprehensive List Of Services

Business Banking Services

For entrepreneurs and small businesses, Electric Machinery Employees provides tailored solutions like merchant services and business loans. Whether you're just starting out or looking to expand, we understand the challenges you face and are here to help your business thrive.

Digital Banking Features

We know that convenience is key in today's fast-paced world. That's why we have invested in robust online and mobile banking features. Accessing your accounts has never been easier check balances, transfer funds, or pay bills from anywhere at any time. Plus, with our ATM and cash withdrawal services, you'll always have access to your money when you need it.

Let's Connect!

Our friendly team is here to assist you with any questions about our services or how we can best meet your financial needs. Feel free to reach out at (612) 378-8100 during our operating hours from 8:00 AM to 4:30 PM (closed for lunch from 1:00 PM - 1:30 PM). Discover how Electric Machinery Employees can make a difference in your financial journey today! Visit us online at Electric Machinery Employees Credit Union or stop by our branch we're excited to work with you!

Personal Banking Solutions

For individuals, we offer a variety of options that can fit any lifestyle. Our checking and savings accounts are structured to help you manage your day-to-day finances easily. Imagine effortlessly tracking your expenses while also growing your savings with competitive interest rates. When it comes to financing, our auto loans and vehicle financing can help you hit the road in your dream car without breaking the bank. Picture yourself cruising in style, knowing you've made a smart financial choice. For those considering home ownership, our mortgage loans and refinancing options provide flexibility and support for one of life's biggest investments. If you're dealing with unexpected expenses or need a little extra cash flow, our personal loans and debt consolidation services can give you the relief you need. We also offer credit cards with rewards, allowing you to earn benefits on your everyday purchases.

Digital & Online Banking

Easy Access to Your Money

Need to pay someone quickly? Our online and mobile services let you send money directly from your account with ease. And if you ever have questions or need assistance, our support team is just a phone call away at (612) 378-8100. At Electric Machinery Employees, we're committed to making your banking experience smooth and accessible. Join us today to take advantage of these convenient digital services!

Online Banking Made Simple

Our online banking platform is available 24/7 at https://www.emcu.org/ . With just a few clicks, you can check your account balances, transfer funds, and view transaction history anytime you need to. Forget about waiting in line; everything you need is right at your fingertips.

Secure and User-Friendly Features

Your security is our top priority. Our platform uses electronic signature authorization Yes to ensure that your transactions are safe and sound. Plus, with the option to receive e-statements Yes, you can keep track of your finances without the clutter of paper statements.

Stay Connected with Our Mobile App

For those who prefer banking on their mobile devices, we have a user-friendly mobile application Yes available for download. It allows you to manage your accounts while you're out and about. You can even make person-to-person transfers Yes effortlessly no cash needed!

Financial Strength

Committed Team

We also take pride in having 2 full-time employees who are dedicated to providing personalized service to our members. This small but committed team ensures our branch is always ready to assist you with your banking needs.

Conclusion

Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Electric Machinery Employees is your trusted partner. Visit us at 800 Central Ave Ne Minneapolis MN 55413 or call 612-378-8100 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings Options

Members' savings are secured through $2,263,199 in share certificates, 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.

Reinvesting for Better Service

With $2,246,758 in undivided earnings, we reinvest in innovative banking tools and stronger lending options to serve our members better. Our lending capacity supports members' financial goals across various sectors with $4,878,317 in total loans and leases.

Strong Financial Health

With a net worth of $2,173,232, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 2537 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 $1,471,430 in used vehicle loans and $1,730,281 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new model or a reliable used vehicle, we have options that fit your budget.

Credit Lines

For those who require flexibility in their borrowing capabilities, our total credit lines amount to $380,000. This option is perfect for individuals needing extra cash for unexpected expenses or larger purchases without applying for a traditional loan each time. At Electric Machinery Employees, we believe in making borrowing straightforward and accessible. If you're interested in any of our loan products or need assistance determining eligibility or refinancing options, feel free to reach out! You can contact us at 612-378-8100, and our dedicated team is here to help you navigate through your financial journey. Visit us at 800 Central Ave Ne Minneapolis Mn 55413, or explore more about our offerings online at EMCU. Your next financial milestone is just around the corner!

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We provide Junior Lien 1-4 Family Residential Properties loans totaling $579,079. This can be an excellent opportunity for those ready to invest in their future by purchasing a home.

Unsecured Credit Card Loans

Managing everyday expenses can sometimes be challenging. That's why we also offer flexible terms on unsecured credit card loans, with a total of $237,197 in loans helping members manage their finances effectively. These cards come with features that allow you to build credit while enjoying convenient access to funds when needed.

Loan Aggregator

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ELECTRIC MACHINERY EMPLOYEES CREDIT UNION - Minneapolis, MN