FedFinancial Silver Spring MD Credit Union | Best Auto Loans & Business Banking

Introduction

Welcome to Fedfinancial, your trusted partner in financial services located at 10903 New Hampshire Ave, Silver Spring, MD 20993. Since our establishment in 1935, we have proudly served our community, helping over 4,000 members achieve their financial goals. With a strong commitment to providing reliable and accessible banking solutions, we have grown to manage total assets of $74,820,903 and offer a variety of services designed for both personal and business needs. At Fedfinancial, we understand that each member's journey is unique. Whether you're looking for auto loans, mortgages, or personal banking services, our team is here to guide you every step of the way. Our lending portfolio includes over 2,044 loans, totaling more than $20 million, reflecting our dedication to supporting our members' aspirations. While members can visit us at our branch for personalized service, official correspondence should be sent to our mailing address: 10903 New Hampshire, Silver Spring, MD 20993. Led by our experienced CEO, Jonathan Rhodes, and Board President Christopher Cole, our team of ten dedicated employees is focused on ensuring that your banking experience is seamless and rewarding. We pride ourselves on being more than just a credit union; we are an integral part of the community committed to making a positive impact. With total deposits exceeding $1,312,741 and a net worth of $6,488,422, Fedfinancial stands as a pillar of stability in today's ever-changing financial landscape. We invite you to reach out to us at 240-965-3838 or visit our website at fedfinancial.org to learn more about how we can assist you in achieving your financial dreams. Join us today and experience the difference that comes from being part of a community-focused credit union!

Branch History & Mission

At Fedfinancial, we take pride in our rich history and commitment to serving the community. Established in 1935, our branch has grown alongside the residents of Silver Spring, MD, becoming a trusted partner in their financial journeys. With a strong foundation built on trust and transparency, we have nurtured a vibrant membership of over 4,000 individuals who rely on us for their banking needs. Located at 10903 New Hampshire Ave, Silver Spring, MD 20993, our branch is easily accessible to members. We invite you to visit us during our operating hours from 9 AM to 3 PM, Monday through Friday. As we continue to expand our services and adapt to modern banking needs, we are proud to maintain a community-focused approach that prioritizes personal relationships and support. Our mission at Fedfinancial is simple yet impactful: to provide exceptional financial services while fostering a supportive environment for our members. We believe that everyone deserves access to quality banking solutions that empower them to achieve their goals. From checking and savings accounts to auto loans and credit cards with rewards, we offer a wide range of products tailored to meet the diverse needs of our community. In addition to traditional banking services, we are committed to embracing technology to enhance member experience. With features like online banking and mobile payments, we make it easy for members to manage their finances anytime, anywhere. While we currently do not offer ATM or drive-thru services, our friendly staff is always ready to assist you within our lobby. Fedfinancial also believes in giving back. We actively participate in community outreach programs and partnerships that uplift those around us. By supporting local initiatives and charities, we aim not just to be a bank but a cornerstone of the Silver Spring community. While members can visit us at 10903 New Hampshire Ave, official correspondence should be sent to 10903 New Hampshire, Silver Spring, MD 20993 if necessary. For any inquiries or assistance, feel free to reach out at 240-965-3838. Join us at Fedfinancial and discover how we can help you achieve your financial dreams while being part of a caring community. Experience the difference today!

Branch Location & Accessibility

Welcome to the Fedfinancial branch at 10903 New Hampshire Ave in Silver Spring, MD! Our location is designed with your convenience in mind, making it easy for you to access all of our banking services. Situated in Montgomery County, we're close to local landmarks that make us a central part of the community. Whether you're heading to nearby shops or just passing through, you can easily stop by and take care of your financial needs. At Fedfinancial, we understand how important accessibility is. Our branch is equipped with features that comply with ADA standards, ensuring that everyone can visit us comfortably. If you're driving, you'll find ample parking available right near the entrance, so you can get in and out quickly. We know your time is valuable, which is why we offer convenient operating hours from 9 AM to 3 PM, Monday through Friday. Although we currently do not have ATM services or drive-thru banking available at this branch, our friendly team is always ready to assist you inside the lobby. While members can visit us at 10903 New Hampshire Ave, official correspondence should be sent to the same address for consistency. If you have questions or need assistance before your visit, feel free to call us at 240-965-3838. We invite you to come by and discover the personalized service and support that makes Fedfinancial your go-to credit union in Silver Spring!

Member Eligibility

At Fedfinancial, we believe that everyone deserves access to financial resources that can help them thrive. Becoming a member is more than just opening an account; it's about joining a welcoming community where your financial well-being is our top priority. To become a member of Fedfinancial, you just need to meet a few simple eligibility criteria, which you can find detailed at https://fedfinancial-cloud.lending360.com/accountopening/application?membershipanchorset=true#/membership. Whether you're a resident of Silver Spring, MD, or work nearby, if you're part of the local community or related to someone who is, you're likely eligible to join us. Joining Fedfinancial comes with fantastic benefits like personalized service, competitive rates on loans and savings accounts, and access to various financial products tailored to your needs. Opening your account is easy simply visit our website for more information at https://internetloanapplication.cudl.com/fedfinancial/, or give us a call at (240) 965-3838 if you have any questions. We can't wait to welcome you into our family at Fedfinancial, located at 10903 New Hampshire Ave Silver Spring Md 20993!

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

When it comes to managing daily transactions, our merchant services simplify payment processing, allowing you to focus on what matters most running your business. Imagine being able to accept payments from customers anywhere, whether they're shopping online or visiting your store. Our tools make it easy for you to streamline operations and enhance customer satisfaction. Visit us at 10903 New Hampshire Ave Silver Spring Md 20993 in Silver Spring, MD, or call us at (240) 965-3838 for more information on how we can help your business thrive!

Comprehensive List Of Services

ATM & Cash Withdrawal Services

While we don't have ATMs at our branch, our cash withdrawal services ensure that accessing funds is still convenient when you need it. We invite you to explore all these services and more at White Oak. For any inquiries or assistance, feel free to give us a call at (240) 965-3838, or visit us in person during our operating hours from 9 AM to 3 PM Monday through Friday. Join us at Fedfinancial, where we're committed to supporting your financial journey!

Auto Loans & Vehicle Financing

Thinking about getting a new car? Our Auto Loans & Vehicle Financing can help you hit the road without breaking the bank. We offer competitive rates and flexible terms, so you can focus on finding the perfect vehicle rather than stressing about financing.

Business Banking

For small business owners, our Business Banking services include Merchant Services & Business Loans tailored to fuel growth and streamline operations. Whether you're looking for financing options or tools to manage transactions efficiently, we're here to help your business thrive.

Credit Cards with Rewards

Enjoy shopping? Our Credit Cards with Rewards program allows you to earn points on every purchase. Use those points for travel, gifts, or even cash back! It's a simple way to get more from your everyday spending.

Mortgage Loans & Refinancing

Homeownership can be one of life's biggest investments, and at Fedfinancial, we aim to make it as straightforward as possible. Our Mortgage Loans & Refinancing services help you navigate the process with ease, whether you're buying your first home or looking to refinance for better rates. Picture yourself settling into your dream home with confidence knowing you made a smart financial decision.

Online & Mobile Banking

In today's fast-paced world, convenience is key. Our robust Online & Mobile Banking features allow you to access your accounts anytime, anywhere. Pay bills, transfer money, and check balances right from your smartphone or computer it's banking made easy!

Personal Banking

Whether you're just starting out or looking for ways to enhance your savings, our Personal Banking options are tailored for you. We provide Checking & Savings Accounts that make it easy to manage your day-to-day expenses and save for the future. Imagine having a dedicated account that not only helps you track your spending but also earns interest over time!

Personal Loans & Debt Consolidation

Life can throw unexpected expenses your way, and sometimes you may need extra funds. Our Personal Loans & Debt Consolidation options are designed to provide financial relief when you need it most. Whether it's funding a big purchase or consolidating debt into one manageable payment, we've got your back.

Digital & Online Banking

Enhance Your Banking Experience

We know that sending money to friends or family can be a hassle. That's why we offer person-to-person transfers right through our app making it simple to share expenses or pay back a friend with just a few taps on your phone. And if you're someone who loves the convenience of mobile payments, we've got you covered there too! With our mobile payments feature, paying for purchases is quick and secure. Just use your smartphone to make transactions without needing cash or cards. At Fedfinancial, we're committed to making banking accessible for everyone. Our user-friendly interface ensures that even those who aren't tech-savvy can easily navigate their accounts. Whether you're checking balances late at night or transferring funds during lunch break, our services are designed with you in mind. Experience banking that fits into your life visit us online at https://www.fedfinancial.org/ today!

Key Features

Our online banking platform makes it easy to manage your finances. You can view your account balances, transfer funds, and pay bills without stepping foot outside your home. With features like electronic signature authorization, you can complete important transactions securely and quickly from the comfort of your own space. Need to check your statements? No problem! Our e-statements are readily available, so you'll always have a clear view of your financial activity without the clutter of paper documents. Plus, if you're on the go, our mobile application is perfect for keeping track of your accounts while you're out and about.

Financial Strength

At Fedfinancial, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share that our financial health is robust and designed with your needs in mind. With a net worth of $6,488,422, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 8.67% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $12,393,651 in share certificates and $2,083,894 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. Our commitment to reinvesting in our community is reflected in our $6,436,531 in undivided earnings. This allows us to enhance banking tools, strengthen lending options, and improve security measures for your peace of mind. We also support our members' financial goals with $184 in used auto loans and $24,404,130 in total loans and leases. Our operational efficiency is evident with a net income of $65,022, which enables us to continue offering competitive loan rates and solid financial products for our members. We take pride in having 10 full-time employees ready to serve you with knowledge and dedication. In total, we manage 7,900 accounts, reflecting the trust our growing member base places in us. Together, these factors contribute to a stable environment where your finances can thrive. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Fedfinancial is your trusted partner. Visit us at 10903 New Hampshire Ave Silver Spring Md 20993 or call (240) 965-3838 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.*

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $2,692,708 in used vehicle loans and $1,962,252 in new vehicle loans already helping members get on the road. We provide financing options for both new and used vehicles, making it easier than ever to drive away in the car you want. Plus, if you're considering refinancing your existing auto loan, we can help you explore those options as well.

Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $1,823,936 in loans helping members manage their finances effectively. Our credit cards come with rewards and benefits designed to enhance your purchasing power while ensuring you have access to funds when you need them.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $5,784,263, make buying or refinancing simple. We believe that owning a home is an important milestone, and our dedicated team is here to guide you through every step of the process.

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. With a commitment to transparency and reliability, LendMesh empowers users to make informed financial decisions. 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 approach guarantees that users receive fair and transparent offers based on the latest results (Source: https://www.ncua.gov). By focusing on verified data, LendMesh helps eliminate confusion and promotes trust in the loan comparison process. One of the key benefits of using LendMesh is its focus on verified data. Loan offers are sourced from legitimate financial institutions, ensuring transparency and authenticity. Additionally, LendMesh does not prioritize lenders based on paid promotions; there are no sponsored listings. This means users can expect unbiased results that reflect the most competitive rates available. Another significant advantage is the real-time rate comparisons provided by LendMesh. Users can access up-to-date loan rates from multiple institutions, allowing them to compare options easily and make well-informed decisions about their financing needs. Thousands of users trust LendMesh for loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This testimonial highlights how effective and user-friendly the platform is for finding better loan options. 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.

FEDFINANCIAL FEDERAL CREDIT UNION - Silver Spring, MD

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