Energy Credit Union Peabody MA | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Energy Credit Union at our Peabody Branch, located at 12 Chestnut St, Peabody, MA 01960. Since our establishment in 1931, we've been dedicated to serving our members with trust and commitment. With over 5,891 members relying on us, we pride ourselves on providing personalized financial services tailored to meet your needs. At Energy Credit Union, we understand that each member's financial journey is unique. That's why we offer a range of services including checking and savings accounts, auto loans, mortgages, personal loans, and even business banking options. Our total assets amount to a solid $131,604,722, ensuring we have the resources to support your financial goals. Our leadership team, headed by CEO Irene Tan and Board President James Godding, is committed to fostering a community-focused environment. We believe in building strong relationships with our members while providing excellent service. Currently, we have a dedicated staff of 15 employees ready to assist you with your financial needs. While members can visit us at our branch for personal service and support, official correspondence should be sent to the same address: 12 Chestnut St, Peabody, MA 1960. If you have any questions or need assistance, feel free to reach out via phone at 978-532-1385. Join us at Energy Credit Union where your financial success is our priority! Explore more about what we offer by visiting our website at energycreditunion.org. We look forward to supporting you on your financial journey!

Branch History & Mission

Community Impact

Energy Credit Union takes pride in its community outreach efforts. We actively partner with local organizations to support various initiatives aimed at uplifting those around us. Whether it's sponsoring events or participating in local charities, we believe in giving back and making a positive impact where it matters most. We invite you to experience the benefits of membership with Energy Credit Union. Join us today and discover how we can help you achieve your financial dreams while being part of a caring community! For more information or inquiries, feel free to reach out at (978) 532-1385 or visit our website at Energy Credit Union.

Our Mission

Our mission is simple yet powerful: we strive to enhance the financial well-being of our members while fostering a spirit of community support. We believe that everyone deserves access to quality financial services that help them achieve their goals. By focusing on member satisfaction and ethical practices, we aim to be more than just a financial institution; we want to be your trusted partner on your journey towards financial security. As part of our commitment to inclusivity and accessibility, we ensure ADA compliance in all our facilities. While members can visit us at 12 Chestnut St Peabody Ma 01960, official correspondence should be sent to 12 Chestnut st, Peabody, MA 1960 if different. Additionally, we embrace technology with online and mobile banking options that allow you to manage your finances anytime, anywhere.

Branch Location & Accessibility

Nearby Landmarks and Accessibility

Nestled in the heart of Peabody, our branch is just a stone's throw away from popular spots like the Northshore Mall and Peabody City Hall. This central location makes it easy to incorporate a visit into your daily errands. Our facility is designed with accessibility in mind, featuring ADA-compliant entrances and ample parking space to ensure that everyone can access our services without hassle.

Operating Hours and Services

Our operating hours are designed to fit your busy schedule. Visit us Monday through Wednesday from 9:00 AM to 4:00 PM, Thursday until 6:00 PM, and Friday until 1:00 PM. We offer a variety of services including checking and savings accounts, auto loans, mortgage loans, credit cards with rewards, and business banking solutions. Plus, you can enjoy the convenience of ATM access anytime! If you need assistance or have questions about any service we provide, don't hesitate to reach out! You can give us a call at 978-532-1385. Our dedicated team is ready to help you with all your banking needs. We invite you to come visit us soon at the Energy Credit Union Peabody Branch where your financial well-being is our priority!

Member Eligibility

At Energy, we believe in building a community that supports each other, and we would love for you to join us! Becoming a member is straightforward and welcoming. If you live, work, or worship in certain areas or are affiliated with specific organizations, you may be eligible to open an account with us. We're here to offer personalized banking services that make your financial journey easier and more rewarding. For those interested in knowing the detailed criteria, please check out our eligibility page at https://www.energycreditunion.org/membership-eligibility . Once you confirm your eligibility, opening an account is a breeze! You can reach out to us at (978) 532-1385 for any questions or assistance with the process. Our friendly team at 12 Chestnut St Peabody Ma 01960 is eager to help you start your membership journey. Join us today and experience the benefits of being part of the Energy family!

Business Banking & Commercial Services

Merchant Services That Matter

Imagine streamlining your payment processing with our merchant services. Picture a local café using our point-of-sale system to effortlessly manage transactions while offering customers quick checkouts. Our services help you enhance customer satisfaction while keeping your operations smooth and efficient. Visit us at 12 Chestnut St Peabody Ma 01960 in Peabody, MA or call us at (978) 532-1385 to discover how we can empower your business today!

Tailored Loan Options

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.

Comprehensive List Of Services

ATM & Cash Withdrawal Services

With our ATM availability, accessing cash is straightforward and hassle-free. You can make withdrawals or check balances at any time perfect for those on-the-go moments. At Energy Credit Union in Peabody, we're not just about transactions; we're about building relationships with our members and supporting them in their financial journeys. If you're ready to explore how we can help you achieve your financial dreams or if you have any questions about our services, don't hesitate to reach out! Call us at 978-532-1385 or visit our website at Energy Credit Union today!

Auto Loans & Vehicle Financing

If you're dreaming of a new car or need financing for a reliable vehicle, our auto loans and vehicle financing services are here to help. We offer competitive rates that can fit your budget. Picture driving off in your dream car with a loan that suits your financial situation perfectly.

Business Banking

For our entrepreneurial members, we provide comprehensive business banking solutions, including merchant services and business loans. We understand the unique challenges that come with running a business and are dedicated to helping you succeed.

Credit Cards with Rewards

Do you enjoy earning rewards on your purchases? Our credit cards with rewards offer great benefits that can enhance your buying power. From cashback offers to travel points, using our credit card means getting more value from every dollar spent.

Digital Banking Features

In today's fast-paced world, convenience is key. That's why our online and mobile banking features empower you to manage all aspects of your finances from the palm of your hand. You can easily check balances, transfer funds, pay bills, and even send money to friends through person-to-person payments all without needing to visit the branch.

Mortgage Loans & Refinancing

Buying a home is one of the biggest decisions you'll ever make. At Energy, we provide mortgage loans and refinancing options to guide you through this important process. Our team will work closely with you to find the right mortgage plan tailored to your needs, making homeownership more accessible than ever.

Personal Banking

We understand that managing your finances is a personal journey. That's why we offer personal banking services that include checking and savings accounts. Imagine having the flexibility to manage your day-to-day expenses while also growing your savings effortlessly. With our user-friendly online and mobile banking options, accessing your accounts anytime and anywhere has never been easier.

Personal Loans & Debt Consolidation

Sometimes life throws unexpected challenges your way. Our personal loans and debt consolidation options allow you to take control of your finances when it matters most. Whether you need funds for a major expense or want to consolidate existing debts into one manageable payment, we're here to support you every step of the way.

Digital & Online Banking

Key Features

One standout feature is the ability to set up e-statements. Go green by opting for paperless statements that you can view at your convenience. You'll receive notifications when new statements are ready, making it easier than ever to keep track of your financial health. Need to send money quickly? Our person-to-person transfer service allows you to send funds directly to friends or family members with just a few taps on your phone. It's perfect for splitting bills or sending gifts without the hassle of cash. For those who enjoy the ease of mobile payments, you're in luck! Energy supports mobile payment options that let you make purchases securely using your smartphone. Whether you're shopping at a store or dining out, leaving your wallet at home has never been easier.

Security You Can Trust

Your security is our priority. While we do not currently offer electronic signature authorization, we implement robust measures to protect your data as you bank online. This way, you can manage your finances with peace of mind knowing that your information is secure. Overall, our digital and online banking services are tailored to fit seamlessly into your lifestyle. With easy access and real-time account management, Energy ensures that staying on top of your finances is not only simple but also secure. Join us today and experience banking like never before!

Financial Strength

Investing in Your Future

With $16,642,757 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 $529 in used auto loans and a total of $87,860,078 in loans and leases.

Member-Centric Approach

Total Share and Deposit Accounts: 11,375, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $234,092. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Energy is your trusted partner. Visit us at 12 Chestnut St Peabody Ma 01960 or call (978) 532-1385 to learn more about how we can help you achieve your financial goals.

Operational Efficiency

Our $400,343 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 13 full-time employees and 2 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Secure Savings Opportunities

Members' savings are secured through $42,679,344 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.

Strong Financial Health

With a net worth of $20,659,920, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,570 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 $7,296,755 in used vehicle loans and $5,795,626 in new vehicle loans already helping members get on the road. We provide financing options that suit both new and used vehicles, making your car-buying experience smooth and affordable.

Credit Lines and Unsecured Loans

For those looking for more flexibility, we also offer total credit lines of $18,500,000, allowing you access to funds when you need them. Additionally, our unsecured credit card loans can help members manage their finances effectively; currently, we have a total of $0 in loans available.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $11,778,121, make buying or refinancing simple. We offer competitive rates and flexible terms designed to fit your budget, ensuring you can comfortably step into your new home.

Refinancing Options

If you're considering refinancing your existing loans for better terms or lower payments, be sure to ask about our refinancing options. We're here to guide you through the process and find solutions that work best for your financial situation. Feel free to reach out if you have questions about eligibility or want more information on any of our loan products. You can contact us at (978) 532-1385 or visit us at our branch located at 12 Chestnut St Peabody Ma 01960 in Peabody, MA. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Your financial journey is important to us, and we're committed to providing personalized support every step of the way.

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ENERGY CREDIT UNION