FedChoice Philadelphia PA Credit Union | Best Auto Loans & Business Banking

Introduction

Welcome to Fedchoice, your trusted financial partner located at 2970 Market St, Philadelphia, PA 19104. Established in 1935, we have been serving our community for over eight decades, providing personalized banking services that cater to the unique needs of our 24,761 members. With a focus on building relationships and fostering financial well-being, we pride ourselves on being more than just a credit union; we are a vital part of your financial journey. As of today, our total assets stand at an impressive $439,665,062, demonstrating our strength and stability in the industry. We understand the importance of accessible financial solutions, which is why we offer a variety of services including checking and savings accounts, auto loans, mortgages, personal loans, and business banking options. Our commitment to you extends beyond traditional banking; with $25,869,233 in total deposits and a net worth of $41,363,149, your money is safe with us. At the heart of Fedchoice is our dedicated team led by CEO Brett Noll and Board President Arthur Altman. Together with our skilled staff of 84 employees, we strive to provide exceptional service in a welcoming environment. Whether you're visiting us for routine transactions or seeking advice on your next big investment, we're here to help. While members can visit us at our branch location for all their banking needs, official correspondence should be directed to our mailing address: 10001 Willowdale Rd, Lanham, MD 20706-4321. We invite you to explore how we can assist you in achieving your financial goals. Please feel free to call us at 215-464-0850 or visit our website at fedchoice.org for more information about our services and membership opportunities. Join us today and experience the difference that comes with being part of the Fedchoice family!

Branch History & Mission

Looking Ahead

In an ever-changing world, Fedchoice remains committed to embracing technology while ensuring ADA compliance and maintaining a customer-centric approach. Our digital advancements include online banking options and mobile applications designed for convenience. We invite you to join us on this journey. Experience firsthand how being part of Fedchoice can benefit you and your family. Together, let's build a stronger financial future one member at a time! For more information or to become a member today, please visit us at Fedchoice or call us at (215) 464-0850.

Our Journey

From our humble beginnings, Fedchoice has continuously adapted to meet the evolving needs of our members. We've witnessed significant milestones that have shaped our growth, including the expansion of services and innovative banking solutions tailored to enhance member experiences. Our commitment to accessibility is evident through our operating hours from 9:00 AM to 4:00 PM on weekdays and the availability of ATMs for convenient transactions. As part of our mission, we aim not just to provide financial services but also to uplift our community. We believe in offering more than just loans and accounts; we strive to foster financial literacy and community engagement. Our partnerships with local organizations highlight this commitment, as we work together to empower individuals through education and support.

Our Mission

The mission of Fedchoice is clear: we exist to serve our members by offering personalized financial solutions while supporting community initiatives. We understand that each member has unique needs, which is why we offer a range of services from checking and savings accounts to auto loans and business banking solutions. Our goal is to ensure that everyone has access to the financial tools they need for success. While members can visit us at 2970 Market St Philadelphia Pa 19104, official correspondence should be sent to our mailing address at 10001 Willowdale Rd, Lanham, MD 20706-4321.

Branch Location & Accessibility

Convenience and Accessibility

At Fedchoice, we prioritize accessibility for all our members. Our branch features ADA-compliant facilities with ramps and designated parking spots to make your visit as smooth as possible. Need cash on the go? Enjoy the convenience of our ATM services available right on-site. Unfortunately, we do not have a drive-thru service; however, our friendly staff is always ready to assist you inside.

Operating Hours

We're open from 9:00 AM to 4:00 PM Monday through Friday, making it easy for you to drop by during your lunch break or after work. Our dedicated team is here to help you with a variety of services including checking and savings accounts, auto loans, mortgage options, and more.

Services Offered

Fedchoice offers an array of services tailored to meet your financial needs. Whether you're looking for personal loans or business banking solutions, we've got you covered. Our online and mobile banking options also allow you to manage your finances from anywhere at any time. We invite you to stop by or give us a call at 215-464-0850 if you have any questions or need assistance. Your financial well-being is our priority, and we look forward to serving you soon!

Member Eligibility

At Fedchoice, we believe that becoming a member is like joining a family a supportive community that cares about your financial well-being. If you live, work, or attend school in the Philadelphia area, you're already on your way to membership! We welcome individuals from various backgrounds and walks of life, making it easy for you to access our wide range of financial services. Whether you're looking for personal banking options, auto loans, or business solutions, being part of Fedchoice opens doors to great benefits tailored just for you. To learn more about what it takes to become a member and to check the latest eligibility criteria, visit us at https://www.fedchoice.org/become-a-member. It's a straightforward process that can be completed online or in person at our welcoming branch located at 2970 Market St Philadelphia Pa 19104. If you have any questions or need assistance, feel free to give us a call at (215) 464-0850. Join us today and experience the difference of being part of Fedchoice!

Business Banking & Commercial Services

Practical Merchant Services

Imagine running your business smoothly without worrying about payment processing. Our merchant services provide just that simple solutions that help you accept payments easily, allowing you to focus on what really matters: growing your business. With a range of options tailored to fit different types of enterprises, we make it easy for you to manage transactions efficiently. Visit us at 2970 Market St Philadelphia Pa 19104 in Philadelphia, PA, or call us at (215) 464-0850 to learn how we can help your business thrive!

Tailored Business Loans

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $11 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $35 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $9,844,617, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Auto Loans & Vehicle Financing

If you're in the market for a new vehicle, our auto loans and vehicle financing options are designed with you in mind. Picture yourself driving off in your new car with a loan tailored to fit your budget. Our competitive rates mean you'll save more, allowing you to enjoy your ride without financial stress.

Business Banking

At Fedchoice, we understand that small businesses are the backbone of our community. Our business banking services, including merchant services and business loans, empower entrepreneurs like you to grow and thrive. Imagine having access to funds that help take your business to the next level.

Credit Cards with Rewards

For those who love rewards, we offer credit cards that come packed with benefits. You can earn points on everyday purchases that can be redeemed for travel, cash back, or other exciting rewards. It's like getting paid for spending!

Mortgage Solutions

Homeownership is within reach thanks to our comprehensive mortgage loans and refinancing services. Whether you're buying your first home or looking to refinance an existing mortgage, our experienced team will guide you through the process, ensuring you find the best solution for your needs.

Online & Mobile Banking

We know convenience is key in today's fast-paced world. That's why we provide robust online and mobile banking options. With just a few clicks or taps, you can manage your accounts, transfer money, and pay bills anytime, anywhere. Plus, our ATM services ensure that cash withdrawal is never a hassle. As part of our commitment to member satisfaction, our branch is equipped with basic ATM access for quick withdrawals and balance checks whenever needed. If you're ready to explore how these services can benefit you or if you have any questions, don't hesitate to reach out! Call us at (215) 464-0850 or visit us at our branch in Philadelphia, PA. We look forward to assisting you on your financial journey!

Personal Banking

Our personal banking options include checking and savings accounts that make it easy for you to manage your money. Imagine effortlessly tracking your spending while saving for that special vacation or emergency fund. We also offer personal loans and debt consolidation services, helping you find relief from high-interest debts while simplifying your monthly payments.

Digital & Online Banking

Convenient Online Access

With our 24/7 online banking services available at https://www.fedchoice.org/, you can check your balance, transfer funds, and pay bills with just a few clicks. Our secure system ensures that your information is protected while providing you with real-time access to your accounts.

Essential Features for Modern Banking

We're proud to offer electronic signature authorization, making it easy for you to complete transactions without the hassle of printing and mailing documents. Plus, you can opt for e-statements, which not only help reduce paper waste but also allow you to view your statements anytime in a secure environment. If you're looking to send money quickly and easily, our person-to-person transfer feature lets you send funds directly to friends and family no need for cash or checks. And if you prefer banking on your mobile device, you'll love our dedicated mobile application, which puts all these features right at your fingertips.

Safe and User-Friendly Experience

At Fedchoice, security is our top priority. Our online banking platform uses advanced encryption technology to keep your personal information safe. You can bank confidently knowing that we take every measure to protect your data. Whether you're managing day-to-day expenses or planning for the future, our digital banking tools are designed to fit seamlessly into your lifestyle. Explore the convenience of online banking today at https://www.fedchoice.org/ your financial journey starts here!

Financial Strength

Commitment to Excellence

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 also take pride in having 83 full-time employees and 1 part-time employee, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Growing Member Base

Total Share Accounts: 48,710, showcasing a strong and growing member base that trusts us with their finances. Our commitment to maintaining excellent service standards has helped us build lasting relationships within the community. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Fedchoice is your trusted partner. Visit us at 2970 Market St Philadelphia Pa 19104 or call 215-464-0850 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Member-Centric Approach

Members' savings are secured through $57,909,768 in share certificates and $94,667,089 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.

Reinvestment for Growth

With $40,957,002 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is robust; with $1339 in used auto loans and a total of $276,271,681 in loans and leases available to support our members' financial goals across various sectors.

Solid Financial Health

With a net worth of $41,363,149, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 940 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 $25,082,651 in used vehicle loans and $42,522,986 in new vehicle loans already helping members get on the road. Whether you're interested in financing a new or used vehicle, we have options that can fit your budget.

Credit Lines

For those needing more flexibility in their borrowing options, our total credit lines amount to $107,725,250. This allows members to access funds as needed without the hassle of reapplying for a loan each time. If you're considering refinancing any existing loans or exploring eligibility options for our products, we're here to assist you through every step of the process. Our goal is to ensure that you have access to the resources necessary for making sound financial decisions. 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 Fedchoice, we are committed to providing you with excellent service and support as you navigate your financial journey. Don't hesitate to visit us or contact us at 215-464-0850 for more information about how our loan products can benefit you!

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Property loans totaling $46,298,618. With competitive rates and flexible terms, you can find the right mortgage solution tailored to your financial situation.

Unsecured Credit Card Loans

We also provide flexible terms on unsecured credit card loans, with a total of $17,547,932 in loans helping members manage their finances effectively. These cards come with no collateral requirements and are perfect for unexpected expenses or everyday purchases.

Loan Aggregator

Benefits of Using LendMesh

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Ensuring Accurate 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), ensuring fair and transparent offers. This means users can trust that the information they receive reflects genuine rates and terms available in the market.

Fedchoice