Ferko MD Credit Union Frederick | Best Auto Loans & Mortgage Rates

Introduction

Welcome to Ferko Md, your trusted financial partner located at 502 W Patrick St, Frederick, MD 21701. Since our establishment in 1955, we've been dedicated to serving our community with personalized banking solutions tailored to meet your needs. With a strong commitment to our members and a total membership of 3,115, we pride ourselves on being more than just a credit union we're a part of your financial journey. At Ferko Md, we understand that financial security is crucial for you and your family. That's why we offer a wide range of services including personal banking, auto loans, mortgage refinancing, and business banking options. Our total assets amount to an impressive $28,350,108, reflecting our stability and reliability as a financial institution. Currently, we have $3,420,643 in deposits and have provided over 1,208 loans to help our members achieve their dreams. While members can visit us at our branch address for day-to-day banking needs, official correspondence should be sent to our mailing address: PO Box 1478, Frederick, MD 21702. Our friendly staff, led by CEO Jeffrey Perrell and Board President Thomas Van Pelt, is here to ensure you receive the best service possible. Whether you're looking for advice or specific products, we're just a call away at 301-662-7266. Join us in building a brighter financial future together! Explore our website at ferkomfcu.com for more information about our services and how we can assist you today!

Branch History & Mission

A Community Focus

Over the decades, Ferko Md has been more than just a financial institution. We have actively engaged in various community outreach programs and partnerships aimed at uplifting our neighbors. Our commitment goes beyond banking; we strive to make a meaningful impact in the lives of our members through education and support. While you can visit us at our main location on W Patrick St, official correspondence should be directed to PO Box 1478, Frederick, MD 21702. We're proud to offer convenient operating hours: Monday, Wednesday, and Friday from 11:00 AM to 7:00 PM; Tuesday and Thursday from 10:00 AM to 4:00 PM.

Looking Ahead

As we embrace modern advancements in technology with online and mobile banking options available for our members, we remain focused on accessibility. Although we currently do not offer ATM or drive-thru services at this branch location, our commitment to providing excellent service remains unwavering. We invite you to join the Ferko Md family and experience the difference that comes with being part of a credit union that truly cares about its members and their communities. Explore your options with us today because your financial journey matters! For more information or to become a member, call us at 301-662-7266 or visit our website at ferkomfcu.com.

Our Mission

The mission of Ferko Md is clear: we are committed to empowering our members by offering personalized banking solutions while supporting the vibrant community of Frederick. We believe that financial success is not just about numbers; it's about helping people achieve their dreams and navigate life's challenges. Whether you're looking for checking and savings accounts, auto loans, or personal loans, our dedicated team is here to guide you every step of the way.

Branch Location & Accessibility

Accessibility Features

At Ferko Md, we understand that accessibility matters. Our branch is designed with everyone in mind, featuring ADA-compliant entrances and ramps to ensure all members can easily navigate our space. Parking is readily available, allowing you to access our services without any hassle.

Call-to-Action

If you have questions or need assistance, don't hesitate to give us a call at 301-662-7266. We invite you to come in and see how Ferko Md can help you with all of your banking needs!

Operating Hours

We know that life can be busy, which is why we've tailored our operating hours for your convenience. You can visit us on Monday, Wednesday, and Friday from 11:00 AM to 7:00 PM, or stop by on Tuesday and Thursday between 10:00 AM and 4:00 PM. We want to be here when you need us!

Services Offered

At Ferko Md, we offer a range of services designed to meet your banking needs. From checking and savings accounts to auto loans and personal financing options, our team is ready to assist you in achieving your financial goals. While we do not have an ATM or drive-thru service at this location, our dedicated staff is here to provide personalized service during all operating hours. While members can visit us at 502 W Patrick St for all their banking needs, official correspondence should be sent to PO Box 1478, Frederick, MD 21702.

Member Eligibility

At Ferko Md, we believe that everyone deserves a supportive financial community. Becoming a member is a simple and welcoming process! If you live, work, or worship in the area, you're likely eligible to join us. We want to make sure our members feel right at home, so we keep the criteria friendly and straightforward. For detailed information on eligibility, you can check out this resource. Once you're ready to take the next step, opening an account is just as easy! You can start your journey with us by visiting https://www.amimembernet.com/ferko/loan-application. If you have any questions or need assistance, don't hesitate to reach out at (301) 662-7266. We're excited to welcome you to the Ferko Md family, located at 502 W Patrick St Frederick Md 21701, where you'll find not just banking services but a community that cares about your financial well-being!

Business Banking & Commercial Services

Commercial 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 addition to loans, we offer comprehensive merchant services that simplify payment processing for your business. Imagine being able to accept payments seamlessly from customers, making transactions quick and easy whether they're using a credit card or mobile payment option. This not only enhances customer satisfaction but also helps you manage cash flow more effectively. When you're ready to grow your business, visit us at 502 W Patrick St Frederick Md 21701 in Frederick, MD or call us at (301) 662-7266. Let's work together to turn your business aspirations into reality!

Comprehensive List Of Services

Business Solutions Tailored for You

For small business owners, we understand that managing finances is crucial for growth. Our business banking services include merchant services and business loans designed to support your ambitions. With Ferko Md as your partner, envision launching that new project or expanding your operations with confidence.

Convenient Digital Banking

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking options that let you manage your accounts anytime, anywhere. Whether it's paying bills from home or transferring money on the go through our person-to-person payment feature, accessing your funds has never been easier.

Financing Your Dreams

When it comes to making big purchases, having the right financing can make all the difference. At Ferko Md, we provide auto loans and vehicle financing tailored to suit your budget and needs. Picture yourself cruising down the highway in a new car, knowing you secured an excellent rate with us. Additionally, if you're thinking about buying a home or refinancing an existing mortgage, our mortgage loans come with competitive rates and personalized service to guide you through the process.

Personal Banking Made Easy

Managing your finances should be straightforward and stress-free. That's why we offer personal banking services including checking and savings accounts that help you keep track of your day-to-day expenses while also saving for future goals. Imagine having a checking account that fits your lifestyle and savings accounts designed to grow your wealth over time all accessible through our user-friendly online banking platform.

Supporting Your Financial Goals

Life can throw unexpected challenges your way, which is why we offer personal loans for debt consolidation or other financial needs. This service can help simplify your payments and potentially save you money on interest. Plus, if you're interested in building or improving your credit score, our credit cards with rewards allow you to earn while you spend making every purchase work harder for you.

Visit Us Today!

Ready to take control of your financial future? Call us at 301-662-7266 or visit our branch during lobby hours (Monday, Wednesday, Friday from 11:00 AM - 7:00 PM; Tuesday and Thursday from 10:00 AM - 4:00 PM) to learn more about how Ferko Md can assist you in achieving your financial goals. Your journey towards financial wellness starts here!

Digital & Online Banking

Key Features

Our online banking service is available 24/7, allowing you to check your balance, pay bills, and transfer funds whenever it suits you. You can also enjoy person-to-person transfers, making it simple to send money to friends and family without any hassle. Plus, with the option for e-statements, you can say goodbye to paper clutter and access your financial statements digitally.

Real-Time Management

Managing your finances has never been easier! With our mobile payments feature not currently available, you still have the convenience of checking balances and making transfers on the go through our app. This means you can keep track of your spending in real-time and stay on top of your budget effortlessly. Experience the ease of digital banking at Ferko Md today. Whether you're at home or out and about, we're here to help you manage your finances with confidence. For more information about our digital services, visit us at https://www.ferkomfcu.com/ or give us a call at (301) 662-7266.

Security and Accessibility

We prioritize your security while ensuring that our services remain user-friendly. Although we don't currently offer electronic signature authorization, you can rest assured that your transactions are protected with robust security measures. Our mobile application is also available for download, giving you access to all your banking needs right from your smartphone.

Financial Strength

At Ferko Md, 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 strength reflects our commitment to providing reliable services and support to our community. With a net worth of $4,966,534, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. This robust foundation is further highlighted by our net worth ratio of 17.52%, demonstrating a solid capital base. It ensures that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $0 in share certificates and $0 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 financial performance also shows resilience with $4,743,284 in undivided earnings. We reinvest this into innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Additionally, with $172 in used auto loans and $12,674,604 in total loans and leases, our lending capacity supports members' financial goals across various sectors. We are pleased to report a net income of $160,451, which reflects our operational efficiency. This allows us to continue offering competitive loan rates and solid financial products for our members. Our dedicated team of 3 full-time employees and 2 part-time employees ensures that our branches are always ready to serve you with knowledgeable support. With a total of 3,520 accounts managed, it's clear that many trust us with their finances. Our strong member base reinforces the stability of Ferko Md, making us well-equipped to meet your needs now and in the future. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Ferko Md is your trusted partner. Visit us at 502 W Patrick St Frederick Md 21701 or call (301) 662-7266 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. We have already issued over $2,299,515 in used vehicle loans and $8,239,746 in new vehicle loans to help our members get on the road. Whether you're purchasing a brand-new car or a reliable pre-owned vehicle, our financing solutions are designed to fit your budget and lifestyle.

Mortgage Loans

Thinking about homeownership? While we currently do not offer Junior Lien 1-4 Family Residential Properties loans totaling $0, we can assist you with guidance on other mortgage options available in the market. If you're interested in refinancing your existing mortgage or exploring eligibility options for future home purchases, our team is ready to provide insights and support.

Unsecured Credit Cards

We also offer flexible terms on unsecured credit card loans. With a total of $345,405 in loans helping members manage their finances effectively, our credit cards come with rewards that can benefit your everyday spending. For those who own businesses or are thinking about starting one, while we currently do not have outstanding commercial loans available totaling $0, we can guide you toward resources that may assist in securing business financing. If you're considering any of these loan products or wish to learn more about refinancing options available at Ferko Md, feel free to reach out to us at 301-662-7266. Our team is here to assist you during our operating hours: Monday, Wednesday, and Friday from 11:00 AM to 7:00 PM; Tuesday and Thursday from 10:00 AM to 4:00 PM. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Explore how Ferko Md can help you achieve your financial dreams today!

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FERKO MD FEDERAL CREDIT UNION - Frederick, MD

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