Embarrass Vermillion Credit Union Tower MN | Affordable Auto Loans & Business Banking

Introduction

Welcome to Embarrass Vermillion, where your financial well-being is our top priority! Located at 1432 Bois Forte Rd, Tower, MN 55790, we have been proudly serving our community since 1941. With a rich history of supporting our members, we currently boast a membership of 4,796 individuals and manage total assets of $60,088,606. At Embarrass Vermillion, we believe in building strong relationships with our members. Whether you're looking for personal banking options like checking and savings accounts or need assistance with auto loans and mortgages, we are here to help you every step of the way. Our commitment to excellent service is reflected in our dedicated team of 16 employees, led by our CEO, James Kramar, and Board President, Marty Hendrickson. While you can visit us at our branch for all your banking needs, please note that any official correspondence should be directed to the same address: 1432 Bois Forte Rd, Tower, MN 55790. With total loans amounting to 3,038 and deposits totaling $3,021,522, we strive to ensure that your money works hard for you. Plus, with cash in hand at $630,916, we maintain a strong financial foundation to support our members' needs. Our net worth stands at an impressive $9,091,147, reflecting our stability and commitment to your financial growth. Explore the variety of services we offer on our website at evfcu.org or feel free to give us a call at 218-753-7878. Whether you're a long-time member or considering joining us for the first time, we invite you to come see how Embarrass Vermillion can support your financial journey today!

Branch History & Mission

Join Us

As we look toward the future, Embarrass Vermillion remains focused on innovation and growth while honoring our roots. We invite you to be part of this journey join us today! Experience firsthand the benefits of becoming a member of Embarrass Vermillion by visiting us at 1432 Bois Forte Rd or give us a call at 218-753-7878 for more information about how we can help you achieve your financial dreams. Together, let's build a brighter future! For more details about membership eligibility or opening an account online, check out our website.

Our Mission

At Embarrass Vermillion, our mission is clear: to empower individuals through accessible financial services while building lasting relationships within the community. We believe that everyone deserves a chance to achieve their financial goals, whether it's buying a home or financing education. Our dedicated staff strives to create an inclusive environment where members feel valued and supported. We are also committed to giving back through various community outreach initiatives. From supporting local events to forming partnerships with organizations that share our vision, we work hard to make a positive impact on those around us.

Our Story

Embarrass Vermillion started as a vision to provide local families with affordable financial solutions. As we evolved, we embraced opportunities to expand our services while remaining true to our mission of fostering financial well-being for all members. Our branch is located at 1432 Bois Forte Rd, Tower, MN 55790, nestled near the beautiful surroundings that define our region. While you can visit us here for personalized service, official correspondence should be directed to the same address. Throughout our journey, we've achieved significant milestones that reflect our commitment to community support and member satisfaction. Our team works diligently to offer personal banking services such as checking and savings accounts, auto loans, mortgage loans, and more. We prioritize accessibility and convenience with features like online banking and mobile payments.

Branch Location & Accessibility

Accessibility Features

At Embarrass Vermillion, we prioritize accessibility for all our members. Our branch is equipped with ADA-compliant features to ensure everyone can easily access our services. Ample parking is available right outside our doors, allowing for convenient entry whether you're driving or walking.

Get in Touch

We invite you to come visit us or give us a call at 218-753-7878 if you have any questions or need assistance. The Embarrass Vermillion branch is more than just a place to bank; it's a community resource dedicated to helping you achieve your financial goals. We look forward to seeing you soon!

Operating Hours

We understand that life can be busy! That's why we're open Monday through Friday from 9:00 AM to 5:00 PM. Our friendly staff is always ready to assist you during these hours, whether you need help with checking and savings accounts, auto loans, mortgages, or any of our other services.

Services Offered

While we don't have ATM or drive-thru services available at this location, we provide a wide range of personal banking options including checking and savings accounts, auto loans and vehicle financing, as well as credit cards with rewards. We also offer online and mobile banking for those who prefer managing their finances digitally.

Member Eligibility

At Embarrass Vermillion, we believe that everyone deserves the chance to be part of a supportive and welcoming community. Becoming a member is easy and open to anyone who lives, works, or worships in the areas we serve. Whether you're looking for personal banking services, loans, or simply want to be part of a cooperative where members come first, we invite you to join us! For specific eligibility details, feel free to check out our website at http://www.evfcu.org/membership-application . Our team is here to help you every step of the way, making the membership process smooth and straightforward. Opening an account is just as simple! You can start your journey with us by visiting this link: https://www.mobicint.net/evf/login/loanapp . If you have any questions or need assistance, don't hesitate to give us a call at (218) 753-7878. We're excited to welcome you into the Embarrass Vermillion family and look forward to supporting your financial goals!

Business Banking & Commercial Services

Commercial Loans

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 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 $0, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In today's fast-paced environment, efficient payment processing can make a world of difference for your business. Our merchant services streamline transactions, making it easy for you to accept payments from customers anytime and anywhere. Picture a busy day at your store where every sale counts; with our reliable service, you can focus on what you do best serving your customers. Visit us at 1432 Bois Forte Rd Tower Mn 55790 in Tower, MN, or call us at (218) 753-7878 to learn more about how we can support your business needs!

Comprehensive List Of Services

ATM & Cash Withdrawal Services

While we currently do not have ATM facilities at our branch, we strive to ensure that accessing cash is straightforward through our partner networks. Our members can enjoy convenient cash withdrawal services without added fees. At Embarrass Vermillion, we're dedicated to making banking accessible and enjoyable for everyone in Tower, MN. If you're ready to explore how our services can benefit you, give us a call at 218-753-7878 or visit us in person! We look forward to serving you and helping you achieve your financial dreams!

Auto Loans & Vehicle Financing

When it comes to getting behind the wheel of your dream car, our Auto Loans & Vehicle Financing make the process easy and affordable. We offer competitive rates and flexible terms that cater to your budget, ensuring that financing your new vehicle doesn't become a hassle.

Business Banking

For entrepreneurs, we offer dedicated Business Banking services that include merchant services and business loans. We know how important it is for businesses to have reliable financial support, so we provide solutions that help your venture thrive.

Credit Cards with Rewards

Enjoy shopping? With our Credit Cards with Rewards, every purchase earns you points that can be redeemed for exciting rewards. It's a smart way to make the most out of your spending while enjoying additional benefits tailored just for our members.

Mortgage Loans & Refinancing

Buying a home is one of life's biggest milestones. Our Mortgage Loans & Refinancing options provide you with the support you need to secure your future. Whether you're purchasing your first home or looking to refinance an existing mortgage for better rates, our team is here to guide you through every step.

Online & Mobile Banking

In today's fast-paced world, convenience is key. Our robust Online & Mobile Banking services allow you to manage your accounts anytime and anywhere. From checking balances to transferring funds, everything is just a few taps away on your smartphone or computer.

Personal Banking

We understand that managing your finances can be challenging. That's why we offer a variety of Personal Banking options, including both checking and savings accounts tailored to help you achieve your financial goals. Whether you're saving for a vacation or need a reliable account for everyday transactions, we've got you covered.

Personal Loans & Debt Consolidation

Sometimes life throws unexpected expenses your way. Our Personal Loans & Debt Consolidation services are designed to help you tackle those costs effectively. With simple application processes and quick approvals, we aim to alleviate financial stress when it matters most.

Digital & Online Banking

24/7 Access

With our commitment to providing round-the-clock service, you can take advantage of our 24/7 online banking services. No matter if it's day or night, your financial information is just a click away, allowing for real-time account management whenever you need it. At Embarrass Vermillion, we're dedicated to making banking easier for you through innovative digital solutions. Join us today and experience the future of banking!

Key Features

We prioritize your security, which is why we provide electronic signature authorization for important documents. This feature ensures that your transactions are not only fast but also protected. Plus, you'll enjoy the convenience of e-statements, allowing you to receive and review your account statements electronically no more paper clutter! If you're always on the move, our mobile application is here to help. It offers easy access to your accounts right from your smartphone. You can even make mobile payments directly from the app perfect for those quick trips or unexpected expenses. Another great aspect of our digital banking is the ability to conduct person-to-person transfers. Whether you're splitting a bill with friends or sending money to family members, it's simple and hassle-free.

Financial Strength

A Growing Community

Total Share Accounts: 9,819, showing a strong and growing member base that trusts us with their finances. Net Shares available for lending and investments stand at $332,870, further emphasizing our ability to support your needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Embarrass Vermillion is your trusted partner. Visit us at 1432 Bois Forte Rd Tower Mn 55790 or call (218) 753-7878 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

Members' savings are secured through $4,125,436 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.

Operational Efficiency

Our $959,006 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 15 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Reinvestment for Growth

With $7,535,981 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment to your financial success is reflected in the $1,098 in used auto loans and $46,095,048 in total loans and leases, which support your financial goals across various sectors.

Solid Financial Health

With a net worth of $9,091,147, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,513 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 $14,166,812 in used vehicle loans and $6,710,733 in new vehicle loans already helping members get on the road. We provide financing options for both new and used vehicles to fit your budget.

Credit Lines

For those seeking additional flexibility, our total credit lines available are $2,220,000. This can be a great resource for managing cash flow or making larger purchases without the need for traditional loans. At Embarrass Vermillion, we prioritize the needs of our members and aim to provide personalized assistance throughout the application process. If you're considering refinancing or want to explore eligibility options for any of our loan products, feel free to reach out to us at (218) 753-7878. All performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Stop by our branch located at 1432 Bois Forte Rd Tower Mn 55790, Tower, MN during our operating hours from 9:00 AM to 5:00 PM Monday through Friday, and let us help you find the right loan solution today!

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. Although we currently do not have any Junior Lien 1-4 Family Residential Properties loans available, our team is here to help guide you through other mortgage solutions that may fit your needs.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $1,043,376 in loans helping members manage their finances effectively. This option provides an excellent way to handle everyday purchases while maintaining control over your budget.

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. This tool is designed to help consumers navigate the complex landscape of loan options with ease. LendMesh ensures accurate loan comparisons by sourcing data directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards. This data is based on the latest results, ensuring that users receive fair and transparent offers (Source: https://www.ncua.gov ). By focusing on verified information, LendMesh builds trust and reliability into every comparison. One of the standout features of LendMesh is its commitment to verified data. All loan offers are sourced from legitimate financial institutions, which promotes transparency in the lending process. Additionally, LendMesh prides itself on having no sponsored listings; lenders are not prioritized based on paid promotions. This approach guarantees that users receive unbiased results that reflect the true market conditions. With real-time rate comparisons, LendMesh provides up-to-date loan rates from multiple institutions. This feature empowers users to make informed decisions about their borrowing options without sifting through outdated or misleading information. Thousands of users trust LendMesh for loan comparisons. One satisfied member shared, "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" Such testimonials highlight how effective this tool can be for individuals seeking better financial solutions. 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.*

EMBARRASS VERMILLION FEDERAL CREDIT UNION