Family Advantage Credit Union Hohenwald TN | Affordable Auto Loans & Business Banking

Introduction

Welcome to Family Advantage, your trusted financial partner right here in Hohenwald, TN! Established in 1997, we have dedicated ourselves to serving our vibrant community with a range of banking solutions tailored to meet your unique needs. Our branch is conveniently located at 557 E Main St, Hohenwald, TN 38462, where we proudly support over 7,481 members and manage total assets of $96,239,325. At Family Advantage, we believe in building strong relationships with our members while providing reliable services that you can count on. Whether you're looking for personal banking options like checking and savings accounts or need assistance with auto loans and mortgages, we're here to help. With over $16,454,759 in total deposits and a healthy net worth of $10,282,891, our financial strength reflects our commitment to you. Our friendly team of 28 dedicated employees, led by CEO John Kenley IV and Board President Mike Herron, is ready to assist you during our lobby hours from Monday to Friday, 9:00 AM to 5:00 PM. Feel free to reach out to us at 931-486-3125 or visit our website at myfafcu.org for more information. While you can drop by our branch for all your banking needs, please note that official correspondence should be sent to the same address. Join us today and experience how Family Advantage makes a difference in your financial journey!

Branch History & Mission

At Family Advantage, our journey began in 1997 when we opened our doors to the community of Hohenwald, TN. Since then, we have been committed to not just serving our members but also enriching the lives of everyone in our neighborhood. Located at 557 E Main St, Hohenwald, TN 38462, our branch has grown alongside its members, reflecting their dreams and aspirations. Over the years, Family Advantage has made significant strides in providing a wide range of financial services. Today, we proudly serve 7,481 members and manage assets totaling $96,239,325. Our mission is straightforward: to offer accessible financial solutions while fostering a sense of community. We believe that by supporting each other, we can build a stronger future for all. Our commitment goes beyond banking; it extends into the heart of Hohenwald. We actively engage with local organizations and initiatives aimed at uplifting our community. Whether it's through financial education workshops or partnerships with local nonprofits, Family Advantage is dedicated to making a positive impact. Our branch is equipped with modern conveniences like ATM access and drive-thru banking for your ease. We ensure that our services are available during convenient hours Monday through Friday from 9:00 AM to 5:00 PM making it easy for you to manage your finances around your busy schedule. While members can visit us at 557 E Main St, official correspondence should be sent to the same address as our mailing address is identical. You can reach us at 931-486-3125 if you have any questions or need assistance. Family Advantage stands firm on its mission to provide personalized service that meets the unique needs of every member. We embrace digital advancements in banking while ensuring compliance with ADA standards so that everyone can access our services comfortably. Join us at Family Advantage and experience what it means to be part of a credit union that truly cares about its members and community. Together, let's achieve financial wellness and build a brighter future! For more information on becoming a member or exploring our offerings, visit us at myfafcu.org.

Branch Location & Accessibility

Accessibility Features

At Family Advantage, we prioritize accessibility for all our members. Our branch is equipped with ADA-compliant features, including ramps and designated parking spaces to ensure everyone can visit us without any hassle. Whether you're stopping by for a quick transaction or to discuss your financial goals, we strive to provide a welcoming environment for all.

Operating Hours

We understand that life can get busy, which is 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. If you have questions or need assistance outside of these times, don't hesitate to give us a call at 931-486-3125.

Parking and Services

We offer ample parking right outside the branch for your convenience. If you're in a rush, take advantage of our drive-thru banking service, which allows you to handle basic transactions like deposits and withdrawals without leaving your car. Our ATM is also available for quick cash withdrawals and balance checks anytime you need it.

Shared Services

Additionally, we proudly participate in shared services with partner credit unions. This means you can easily conduct deposits and withdrawals at various locations if you're ever away from home. While members can visit us at 557 E Main St Hohenwald Tn 38462, official correspondence should be sent to the same address for consistency. We invite you to drop by or reach out anytime we're excited to help you achieve your financial dreams! Come see us today at Family Advantage in Hohenwald!

Member Eligibility

At Family Advantage, we believe that everyone deserves a supportive financial community, and becoming a member is your first step towards enjoying the many benefits we offer. If you live, work, or worship in Hohenwald or surrounding areas, you're already eligible to join us! Our membership is designed to be inclusive and welcoming, so whether you're looking for a checking account, an auto loan, or simply want to save for the future, you'll find a home with us. You can find more detailed eligibility criteria by visiting our website at this link. Joining Family Advantage is easy! You can start the process online or give us a call at (931) 486-3125 for assistance. Our friendly team is here to help you every step of the way. Once you're a member, you'll have access to personalized services and competitive rates that make managing your finances easier and more rewarding. Visit us at our branch located at 557 E Main St Hohenwald Tn 38462 and see how you can become part of our growing family today!

Business Banking & Commercial Services

Merchant Services That Work for You

Imagine having a reliable partner that simplifies payment processing and enhances customer experiences. Our merchant services allow you to accept payments seamlessly, whether it's in-person or online. This means you can focus more on what matters growing your business while we take care of the financial transactions. Explore how Family Advantage can be part of your success story! Visit us at 557 E Main St Hohenwald, TN 38462 or call us at 931-486-3125 to learn more about our offerings.

Tailored Business 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.

Comprehensive List Of Services

Business Banking

If you're a business owner in Hohenwald, you'll appreciate our tailored solutions in business banking. We offer merchant services and business loans that support your growth. It's essential for us to empower local businesses so they can thrive in our community.

Convenient Access

We know how important convenience is in today's fast-paced world. That's why we provide robust online and mobile banking services that allow you to manage your accounts from anywhere. Need cash? Use our ATM services for quick withdrawals and balance checks without any hassle. For those who prefer face-to-face interactions, our drive-thru service offers easy access for deposits and withdrawals.

Credit Options

For unexpected expenses or projects around the house, our personal loans and debt consolidation options can give you the flexibility you need without breaking the bank. Plus, with our credit cards featuring rewards, you can earn points on everyday purchases that can be redeemed for great benefits.

Personal Banking

We understand that managing your finances is personal. That's why we offer checking and savings accounts designed to fit your lifestyle. You can easily access your funds online or through our mobile banking app, making it simple to check balances and transfer money anytime you need. If you're considering buying a new car, our auto loans and vehicle financing options will help you hit the road with confidence. We also provide mortgage loans and refinancing services for those looking to buy their dream home or lower their current payments.

Shared Branching Services

Additionally, we are part of a network of shared branches, meaning if you're a member of another participating credit union, you can conduct basic transactions like deposits and withdrawals right here at Family Advantage. In every service we offer from personal banking to business solutions we prioritize accessibility and member satisfaction. Our friendly staff is always ready to assist you during operating hours from Monday to Friday, 9:00 AM to 5:00 PM. If you're ready to take the next step towards better financial management or want to learn more about what we offer, don't hesitate to call us at 931-486-3125 or visit us at myfafcu.org. Let Family Advantage be your trusted partner in achieving your financial goals!

Digital & Online Banking

Convenient Mobile Banking

For those who prefer using their smartphones, our mobile application makes banking on-the-go a breeze. Whether you're commuting to work or relaxing at home, our app allows you to perform transactions quickly and easily. Plus, if you're looking to send money to friends or family, our person-to-person transfer feature lets you do just that without any hassle.

Explore Our Online Banking Services

With our user-friendly online banking platform, you can easily access your accounts from the comfort of your home or on the go. Just visit us at https://myfafcu.org/ to get started! You can check balances, make transfers, and even pay bills with just a few clicks. Our 24/7 online banking services ensure that you can manage your finances whenever it suits you.

Security You Can Trust

We prioritize your security above all else. Our online banking services are equipped with advanced security measures to protect your personal information and transactions. Although we do not currently offer electronic signature authorization, rest assured that your data is safeguarded as you navigate through your financial activities. In summary, Family Advantage offers modern solutions for all your banking needs while ensuring ease-of-use and accessibility. We're here to support you in achieving your financial goals whether it's checking balances or making payments all from the palm of your hand!

Stay Updated with E-Statements

Gone are the days of waiting for paper statements in the mail. At Family Advantage, we offer e-statements, allowing you to receive important account information right in your inbox. This not only keeps you informed but also helps reduce clutter and is better for the environment!

Financial Strength

Operational Efficiency

Our operational efficiency is reflected in our net income of $0, which allows us to continue offering competitive loan rates and solid financial products for our members. We take pride in having 28 full-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team.

Reinvestment for Member Benefits

With $10,282,891 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 $21,630,000 in used auto loans and a total of $55,744,789 in loans and leases.

Secured Savings Opportunities

Members' savings are secured through $11,563,440 in share certificates and $5,471,967 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $7,153,000, 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 $10,282,891, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 10.68% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Trusted by Many

Total Share and Deposit Accounts stand at 12,847, showing a strong and growing member base that trusts us with their finances. With net shares available for lending and investments amounting to $610,457, we are well-equipped to support your banking needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Family Advantage is your trusted partner. Visit us at 557 E Main St Hohenwald TN 38462 or call 931-486-3125 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 $27,003,479 in used vehicle loans and $12,340,908 in new vehicle loans already helping members get on the road. Whether you're purchasing a brand-new model or a reliable used vehicle, our financing options can make it easier for you to drive away happy.

Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $2,020,562 in loans helping members manage their finances effectively. Our credit cards come with rewards and benefits that suit your lifestyle while ensuring you have access to funds when you need them.

Credit Lines

For those needing additional flexibility in their finances, we have credit lines available totaling $2,800,000. This option allows you to borrow as needed without applying for new loans each time.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $3,531,597, make buying or refinancing simple. We provide tailored solutions to help you secure the home of your dreams without overwhelming you with complicated processes.

Refinancing and Eligibility Options

If you're considering refinancing any existing loans or exploring eligibility options for our loan products, we're here to help. Our team at Family Advantage is dedicated to guiding you through every step of the process. Our branch is conveniently located at 557 E Main St Hohenwald TN 38462, and our friendly staff is ready to assist you from Monday to Friday between 9:00 AM and 5:00 PM. Feel free to call us at 931-486-3125 for more information or visit our website at Family Advantage to learn more about our offerings. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. We're committed to providing transparent information so that our members can make informed financial decisions.

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FAMILY ADVANTAGE FEDERAL CREDIT UNION - Hohenwald, TN