Elektra Credit Union New York NY | Best Auto Loans & Business Banking

Introduction

Welcome to Elektra Federal Credit Union, your trusted partner in financial growth and community support since 1940. Located at 124 W 30Th St Rm 211, New York, NY 10001, we pride ourselves on offering personalized banking solutions tailored to the unique needs of our 6,026 members. With total assets amounting to an impressive $33,612,027 and total deposits reaching $189,574, our commitment to your financial well-being is unwavering. At Elektra, we understand that every member's journey is different. That's why we provide a wide range of services from personal banking options like checking and savings accounts to auto loans and mortgage refinancing. Our dedicated team works diligently to help you achieve your financial goals. Under the leadership of our CEO, Mark Williams, and Board President, Ashley Hamilton, we have fostered a culture that values trust and transparency. While our branch address is your go-to spot for face-to-face interactions, please note that any official correspondence should be directed to the same address. We are here for you from Monday through Thursday between 9 AM and 4 PM. With a net worth of $7,130,850 and a total loan portfolio encompassing 397 loans, we are well-equipped to serve your financial needs with reliability and care. Whether you're looking for competitive rates on loans or seeking advice on managing your finances, Elektra Federal Credit Union is here to assist. We invite you to visit us or give us a call at 212-868-7128. Let us be part of your financial success story!

Branch History & Mission

At Elektra, we take pride in our rich legacy and commitment to serving the community since our founding in 1940. Located at 124 W 30th St Rm 211, New York, NY 10001, our branch has been a trusted financial partner for generations. Over the years, we have evolved from a small credit union into a robust institution with total assets of $33,612,027 and a strong membership base of 6,026 members. Our journey reflects not just growth in numbers but also an unwavering dedication to the financial well-being of our members. Our mission is simple yet profound: to empower our members through accessible financial services while fostering a supportive community environment. We believe that everyone deserves the opportunity to achieve their financial goals, whether it's securing an auto loan, opening a checking account, or planning for future investments. With services ranging from personal banking to business solutions, we aim to meet the diverse needs of our members. Elektra's commitment extends beyond traditional banking; we actively engage in community outreach initiatives that support local causes and foster connections among residents. Our partnerships with local organizations help us give back and create positive change right here in New York City. While our branch address remains your go-to location for all banking needs, official correspondence can be sent to the same address: 124 W 30th St Rm 211, New York, NY 10001. We invite you to visit us during our lobby hours Monday through Thursday from 9 AM to 4 PM to experience our personalized service first-hand. As part of our dedication to serving you better, we are continuously working on improving our digital services and ensuring accessibility for all members. Although we currently do not offer ATMs or drive-thru services, we provide online banking solutions designed to simplify your financial management. Join Elektra today and discover how being a member goes beyond transactions; it's about building lasting relationships and achieving your dreams together. Contact us at 212-868-7128 or visit us during our operating hours. Experience the difference that comes with being part of a caring community-oriented credit union!

Branch Location & Accessibility

Welcome to Elektra Federal Credit Union, conveniently located at 124 W 30Th St Rm 211 in the heart of New York, NY. Our branch is easy to find and accessible, making it a perfect stop for all your banking needs. Nestled near popular landmarks, you can enjoy the vibrant atmosphere of the city while taking care of your financial matters. For our members' convenience, we offer ADA-compliant features to ensure everyone can access our services easily. Parking options are available nearby, so you won't have to worry about finding a spot. At Elektra, we understand that time is valuable. That's why our lobby hours are designed with you in mind open Monday through Thursday from 9 AM to 4 PM. Whether you're looking to open a checking or savings account, secure an auto loan, or explore mortgage options, our friendly staff is here to assist you every step of the way. While visiting us at 124 W 30Th St Rm 211 is encouraged for all your banking needs, please note that any official correspondence should be sent to the same address as our mailing address: 124 W 30th St Rm 211, New York, NY 10001. Though we currently do not offer ATM services or drive-thru banking, rest assured that our team is committed to providing personalized service inside the branch. If you have any questions or need assistance before your visit, feel free to call us at 212-868-7128. We invite you to stop by Elektra Federal Credit Union today and discover how we can help meet your financial goals!

Member Eligibility

Becoming a member of Elektra means joining a friendly community that genuinely cares about your financial well-being. At our branch located at 124 W 30Th St Rm 211 New York Ny 10001, we welcome individuals who live, work, or worship in the area, as well as their family members. This inclusive approach allows us to serve a diverse group of people, making sure everyone feels right at home. By becoming a member, you gain access to a variety of personalized banking services designed to meet your unique needs from checking and savings accounts to auto loans and more. Opening an account is simple and straightforward! If you're ready to take the next step toward membership or want more details about eligibility, feel free to give us a call at (212) 868-7128. You can also check out the specific eligibility criteria by visiting this link: . We're here to help you every step of the way on your journey with Elektra!

Business Banking & Commercial Services

Commercial Loans

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs. While we currently have no member or non-member commercial loans, we are eager to help businesses flourish in the future. When the time comes, our loans will be tailored to meet your specific needs, whether you're looking to expand your operations or invest in new equipment.

Merchant Services

In today's fast-paced environment, smooth transactions can make all the difference. That's why our merchant services are set up to simplify payment processing for your business. Imagine having the ability to accept payments easily from your customers, which can lead to faster sales and improved cash flow. We provide reliable solutions that fit businesses of all sizes. Located at 124 W 30Th St Rm 211 New York Ny 10001 in New York, NY, we're ready to assist you with personalized support. Whether you're starting out or scaling up, let Elektra be your partner in success. Reach out today at (212) 868-7128 and discover how we can help turn your business vision into reality!

Comprehensive List Of Services

Auto Loans & Vehicle Financing

If you're dreaming of a new car or truck, our auto loans offer competitive rates and flexible terms to suit your budget. We know that purchasing a vehicle is a significant investment, so we strive to make the process as smooth as possible. From the moment you apply for an auto loan, our friendly staff will guide you through the steps, ensuring you get the best deal available.

Business Banking

For our members who are entrepreneurs or business owners, we offer specialized business banking services. This includes merchant services that help streamline payment processes and business loans tailored to meet the growth needs of your company. Let us support your journey toward success!

Credit Cards with Rewards

Our credit card offerings come with rewards that make spending more rewarding! From cash back on everyday purchases to points redeemable for travel or gifts, our credit cards are designed with your lifestyle in mind. Enjoy peace of mind knowing you're earning benefits just by using your card responsibly.

Mortgage Loans & Refinancing

Homeownership is within reach with our mortgage loans. We provide options tailored to first-time buyers and those looking to refinance their current mortgages. Picture yourself settling into your dream home while enjoying affordable monthly payments. Our mortgage specialists are here to help turn that vision into reality.

Online & Mobile Banking

In today's fast-paced world, convenience is key. That's why Elektra provides robust online and mobile banking options. You can manage your accounts anytime and anywhere whether it's checking balances, transferring funds, or paying bills all at your fingertips. If you're interested in any of these services or have questions about how we can assist you further, don't hesitate to reach out! Call us at (212) 868-7128 or visit us at 124 W 30Th St Rm 211 New York Ny 10001 in New York, NY during our lobby hours from Monday through Thursday 9 AM to 4 PM. We look forward to helping you achieve your financial goals!

Personal Banking

Our personal banking services include checking and savings accounts that help you manage your finances effectively. Imagine having a safe place to keep your money while earning interest on your savings. With our checking accounts, you can easily access your funds whenever you need them, making day-to-day transactions simple and straightforward.

Personal Loans & Debt Consolidation

For those unexpected expenses or wanting to consolidate existing debt, our personal loans can be a great solution. We take the time to understand your unique financial situation and provide options that work best for you. With manageable repayment plans, you can regain control over your finances without added stress.

Digital & Online Banking

Easy Account Management

Imagine having real-time access to your account balance and transaction history without stepping foot outside your home. While our current offerings don't include mobile applications or person-to-person transfers, we're dedicated to exploring ways to enhance your banking experience in the future.

Security First

Your peace of mind is crucial. At Elektra, even though electronic signatures and e-statements are not part of our services, we continuously work on securing our systems to protect your sensitive information.

Stay Tuned

We encourage you to stay connected with us for updates on new features that will help make your banking experience even better. Whether it's enhancing our online presence or introducing new tools for financial management, we're here to support you every step of the way. In the meantime, feel free to contact us at (212) 868-7128 if you have any questions about our services or if there's anything specific you need assistance with. Your satisfaction is our priority!

Financial Strength

Efficient Operations

Our operational efficiency is highlighted by our $55,046, which enables us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 3 full-time employees and 0 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Member-Centric Savings

Members' savings are secured through $0 in share certificates and $0 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.

Reinvesting in Your Future

With $7,075,804 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 your financial goals across various sectors with $11 in used auto loans and $2,699,757 in total loans and leases.

Solid Financial Health

With a net worth of $7,130,850, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $2,122 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Strong Member Base

We have built a strong community with 6,031 total share accounts. This growing member base trusts us with their finances because they know we put their interests first. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Elektra is your trusted partner. Visit us at 124 W 30Th St Rm 211 New York Ny 10001 or call (212) 868-7128 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $135,128 in used vehicle loans and $47,878 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive interest rates that can make your next vehicle purchase more affordable.

Contact Us

If you're interested in any of our loan offerings or would like more information about refinancing options and eligibility, feel free to reach out! You can contact us at (212) 868-7128 during our operating hours from Monday through Thursday, 9 AM to 4 PM. Our team is ready to assist you in navigating your financial journey. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. At Elektra, we're dedicated to providing you with transparent information and support as you explore your lending options.

Credit Lines and Personal Loans

For those looking for additional financial flexibility, our total credit lines amount to $300,000. These can be an excellent option for managing unexpected expenses or consolidating debt. We also provide unsecured credit card loans, which are vital for members who want to manage their finances effectively. While there are currently no unsecured credit card loans issued, our commitment is to offer flexible terms that suit your needs when they become available.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. Currently, we offer Junior Lien 1-4 Family Residential Properties loans totaling $0. This is an excellent choice for those looking to invest in real estate or refinance their existing mortgage for better terms.

Loan Aggregator

Benefits of Using LendMesh

One of the standout features of LendMesh is its commitment to verified data. All loan offers are sourced from legitimate financial institutions, ensuring transparency at every step of the process. Additionally, LendMesh does not prioritize lenders based on paid promotions this means users receive unbiased results that reflect true market conditions. The platform also provides real-time rate comparisons, allowing users to view up-to-date loan rates from multiple institutions. This feature helps borrowers make informed choices based on current market trends rather than outdated information. Thousands of users trust LendMesh for loan comparisons. One member shared, "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" Such testimonials highlight the effectiveness of this tool in helping individuals secure better financial deals. To explore your options further, 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.

Elektra