FAA Credit Union Memphis TN | Best Auto Loans & Business Banking

Introduction

Welcome to F A A, your trusted credit union located at 3229 Democrat Rd, Memphis, TN 38118. Since our establishment in 1954, we have been committed to serving our community and providing financial solutions tailored to your needs. With a membership of over 8,141 individuals, we pride ourselves on fostering a sense of belonging and support among our members. At F A A, we understand that finances can be overwhelming, which is why we offer a range of services designed to simplify your banking experience. Our total assets amount to an impressive $125,832,888, reflecting our strong financial health and dedication to helping you achieve your financial goals. With total deposits reaching $7,510,439 and net worth of $20,505,677, you can trust that your money is in safe hands. We are led by our CEO, Angie Vajdak, and Board President, Chris Syriac, who work tirelessly to ensure our credit union remains a pillar of stability in the Memphis community. Our dedicated team of 33 employees is here to assist you with everything from personal loans and auto financing to online banking services. For any official correspondence, please feel free to reach us at our mailing address: 3229 Democrat Rd, Memphis, TN 38118. We invite you to visit our website at faafcu.org for more information on how we can serve you better or give us a call at 901-363-4831. Let's make your financial journey smooth and rewarding together!

Branch History & Mission

At F A A, our story began in 1954 in Memphis, TN, where we have dedicated ourselves to serving the community with passion and integrity. Over the decades, we have grown from a small group of members to a vibrant credit union with over 8,141 active members today. Our journey has been marked by milestones that reflect our commitment to providing exceptional financial services and fostering community well-being. Located at 3229 Democrat Rd, Memphis, TN 38118, we are proud to be part of a neighborhood rich in culture and diversity. Our branch is easily accessible and serves as a welcoming space for individuals and families seeking financial guidance and support. While members can visit us at this address, official correspondence should be sent to the same location: 3229 Democrat Rd, Memphis, TN 38118. Our mission is simple yet profound: to empower our members through quality financial services while contributing positively to the community around us. We offer a wide range of services including personal banking, auto loans, mortgage loans, credit cards with rewards, and business banking solutions. Each service is designed with our members' needs in mind, ensuring they have the tools necessary for financial success. Over the years, F A A has achieved significant growth. Currently, our total assets stand at an impressive $125,832,888. This financial strength allows us to provide loans that make a difference in people's lives whether it's helping them purchase their first car or financing home improvements. Our commitment to responsible lending practices ensures that every member receives personalized attention tailored to their unique financial situation. We pride ourselves on being forward-thinking and accessible. Our branch offers ATM availability for easy cash access and is equipped with digital banking options like online banking and mobile payments. We prioritize making our services available to everyone in our community; that's why we are ADA compliant and provide shared service centers for added convenience. Community outreach is at the heart of what we do. From local partnerships to support charitable initiatives, F A A actively engages in efforts that uplift those around us. We believe that by investing in our community's well-being, we create a stronger future for everyone. With operating hours designed for your convenience Monday through Friday from morning until afternoon we invite you to come visit us or call us at 901-363-4831. Experience firsthand how F A A can help you achieve your financial goals while being part of a caring community. Join us at F A A today; together we can build a brighter financial future!

Branch Location & Accessibility

Call-to-Action

If you're looking for a welcoming place where you can handle your financial matters easily, come visit us at the F A A branch! Have questions? Feel free to give us a call at 901-363-4831; we're here to help! We look forward to serving you soon!

Nearby Landmarks and Accessibility Features

Situated near several local landmarks, our branch is not only easy to access but also surrounded by a vibrant community. If you're heading this way, you might notice how close we are to essential services and shopping areas, making it a convenient stop for your banking errands. We strive to ensure that everyone can visit us comfortably. Our facility is fully ADA compliant, featuring ramps and designated parking spaces for those who need them. You can count on finding ample parking available right outside our door, making your visit smooth from start to finish.

Operating Hours and Services

Our operating hours are designed with your busy schedule in mind. We welcome you Monday through Friday from 7:30 AM until 4:00 PM (with a break from 12:00 PM to 1:30 PM), and on Wednesdays from 10:00 AM until 12:30 PM. This flexibility allows you to drop by at a time that works best for you! At F A A, we offer a wide range of services tailored to meet your financial needs. From personal banking options such as checking and savings accounts to auto loans and mortgage financing, we have you covered. Additionally, members enjoy the convenience of online and mobile banking services, allowing you to manage your finances anytime and anywhere. Plus, if you're part of another credit union, take advantage of our shared service center for basic transactions like deposits and withdrawals.

Member Eligibility

At F A A, we believe in creating a welcoming community where every member can thrive. Joining us is simple and open to anyone who lives, works, worships, or attends school in the Memphis area, as well as their family members. We strive to provide an inclusive environment that supports your financial journey with personalized service and competitive products. By becoming a member, you gain access to a variety of services including checking and savings accounts, auto loans, and more all designed with your needs in mind. To learn more about the eligibility criteria and see if you qualify, feel free to visit our detailed page at https://www.faafcu.org/about-us/become-a-member.html. If you're ready to take the next step or have any questions, don't hesitate to reach out to us at (901) 363-4831 or explore how to open an account here: http://www.faafcu.org/loans-credit/personal-loans. We're excited to welcome you into our community at 3229 Democrat Rd Memphis Tn 38118!

Business Banking & Commercial Services

Business 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.

Merchant Services

In today's fast-paced world, having reliable merchant services is crucial for any business. Imagine a local café seamlessly accepting payments from customers while managing inventory and sales reports effortlessly. Our merchant services are designed to simplify transactions, allowing you to focus on what you do best serving your customers. Visit us at 3229 Democrat Rd Memphis Tn 38118 in Memphis, TN or call us at (901) 363-4831 to learn more about how we can support your business journey!

Comprehensive List Of Services

Business Banking Solutions

If you're a business owner, you'll find valuable support at F A A. Our business banking services include merchant services and business loans that can help you grow and maintain your operations. Whether it's financing new equipment or managing cash flow, we're committed to helping local businesses thrive.

Convenient Access Anytime

We understand that convenience matters. That's why we offer online and mobile banking features that let you manage your accounts 24/7. With ATM access available, you can withdraw cash or check your balance without stepping into the branch. Additionally, we participate in shared branching networks, allowing members from partner credit unions to conduct basic transactions like deposits and withdrawals right here at our location.

Get in Touch

Our friendly team is ready to assist you with all your financial needs. If you're curious about any of our services or want to open an account, feel free to give us a call at (901) 363-4831. Visit us today at 3229 Democrat Rd Memphis Tn 38118 or explore more about what we offer by visiting our website at Memphis Service Center. Your financial journey begins here!

Loans Tailored for You

Need a vehicle? Our auto loans and vehicle financing options can get you on the road in no time. We offer competitive rates that make buying a car more affordable. If you're thinking about purchasing a home, our mortgage loans and refinancing options are designed to suit different budgets and preferences, making homeownership more accessible. For those moments when unexpected expenses arise, our personal loans and debt consolidation services provide flexible solutions to help you regain control of your finances. And don't forget about our credit cards with rewards; they offer benefits that can enhance your everyday spending while earning points for future rewards.

Personal Banking

Our personal banking services include checking and savings accounts that fit various lifestyles. If you're just starting out or looking to save for a big purchase, our accounts come with features designed to help you reach your goals. Imagine having easy access to your funds through online and mobile banking, allowing you to check balances or make transfers from anywhere.

Digital & Online Banking

Key Features

One of the standout features of our digital banking services is the ability to send money directly to friends or family through person-to-person transfers. It's a hassle-free way to share expenses or send gifts without needing cash. Additionally, our electronic signature authorization lets you handle important documents quickly and securely without having to visit a branch. For those who prefer going paperless, we offer e-statements so you can review your account activity whenever you need it. This not only helps in keeping your information safe but also contributes to protecting the environment. Our mobile payments feature allows you to make purchases directly from your phone using apps like Apple Pay or Google Pay. It's fast, secure, and gives you one less thing to worry about when you're out shopping.

Security and Accessibility

We prioritize security in all our online services. Your data is protected with advanced encryption technologies, ensuring peace of mind while you manage your accounts. Our user-friendly interface makes navigation simple for everyone, whether you're tech-savvy or just getting started with online banking. In summary, F A A offers robust digital banking options that cater to all your financial needs while providing convenience and security. Explore all that we have to offer today by visiting https://www.faafcu.org/!

Financial Strength

Member Trust

Total Share and Deposit Accounts: 18,741, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $0. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, F A A is your trusted partner. Visit us at 3229 Democrat Rd Memphis Tn 38118 or call (901) 363-4831 to learn more about how we can help you achieve your financial goals.

Operational Efficiency

Our $611,505 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 27 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 $18,830,729 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 with $605 in used auto loans and $49,626,723 in total loans and leases.

Secure Savings Options

Members' savings are secured through $7,494,970 in share certificates and $5,365,596 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.

Strong Financial Foundation

With a net worth of $20,505,677, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 16.30% 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

Additional Loan Products

For those interested in business financing, our credit lines amounting to $22,500,000 are designed to support various business needs. While we currently have no outstanding commercial loans, our commitment is to provide personalized solutions that align with your growth ambitions. If you're considering refinancing any existing loans or want to learn more about eligibility options, our team is here to guide you through every step of the process. Our branch is conveniently located at 3229 Democrat Rd Memphis Tn 38118 in Memphis, TN. Feel free to reach out at (901) 363-4831 during our operating hours for any questions or assistance regarding our loan offerings. With us by your side, managing your finances has never been easier!

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $9,800,800 in used vehicle loans and $9,987,294 in new vehicle loans already helping members get on the road. We have issued a total of 3,635 loans, assisting thousands of members in achieving their financial goals. Our auto financing options include both new and used vehicle loans to suit your budget.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $1,782,330, make buying or refinancing simple. We offer competitive rates and flexible terms that can help ease your path into your dream home.

Unsecured Credit Cards

We also provide flexible terms on unsecured credit card loans, with a total of $2,366,802 in loans helping members manage their finances effectively. This option is ideal for those looking to consolidate debt or cover unexpected expenses without tying up collateral.

Loan Aggregator

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Ensuring Accurate Loan Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This rigorous sourcing process ensures that users receive fair and transparent offers. Each loan comparison reflects the most current data available, allowing you to make informed decisions when selecting your loan.

F A A FEDERAL CREDIT UNION - Memphis, TN

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