Finex Vernon CT Credit Union | Best Auto Loans & Business Banking

Introduction

Welcome to Finex, your trusted financial partner located at 62 Hyde Ave, Vernon, CT 06066. Since our establishment in 1938, we have been committed to serving our community and helping our members achieve their financial goals. With a strong membership base of 18,124 and total assets amounting to an impressive $142,504,409, we pride ourselves on being a reliable choice for all your banking needs. At Finex, we understand that financial matters can be overwhelming. That's why we offer a range of services tailored to meet the needs of individuals and businesses alike. From personal banking solutions like checking and savings accounts to auto loans and mortgages, our goal is to empower you with the right tools for success. We currently hold total deposits of $7,919,105, reflecting the trust our members place in us. Our dedicated team of 37 employees, led by CEO Michael Palladino and Board President Anthony Homicki, is here to provide personalized service that makes a difference. We are not just a credit union; we are a part of your community. Our financial strength is demonstrated by a net worth of $13,023,162 and cash reserves of $3,607,925, ensuring that we can support you when it matters most. While members can visit us at our branch location for face-to-face assistance, official correspondence should be sent to 62 Hyde Avenue, Vernon, CT 6066. Whether you have questions about loans or need help managing your accounts, feel free to reach out via phone at 860-870-6460. Join us at Finex today and experience the difference that comes from being part of a community-focused credit union. Visit our website at finexcu.org to learn more about how we can assist you in achieving your financial dreams!

Branch History & Mission

Join Us!

As we look forward to the future, we invite you to become part of our growing family at Finex Vernon Branch. Experience firsthand the benefits of membership where your financial goals are supported by genuine care and expertise. Visit us today or explore more about joining at Finex Credit Union. Together, let's build a brighter financial future!

Our Mission

At Finex Vernon Branch, our mission is clear: we strive to enhance the financial well-being of our members while positively impacting the communities we serve. We offer a wide range of services including personal banking, auto loans, mortgage financing, and business banking solutions. Our dedicated team works tirelessly to provide personalized service tailored to each member's unique needs. We believe that strong communities are built on strong relationships. That's why we actively engage in local outreach initiatives and partnerships to support various causes that matter most to our members. Whether it's through financial education programs or community service events, we're committed to making a difference. While members can visit us at 62 Hyde Ave, official correspondence should be sent to 62 Hyde Avenue, Vernon, CT 6066. You can reach us at (860) 870-6460 during our operating hours: Monday through Friday from 8:00 am - 4:30 pm and extended hours on select days for video teller services.

Our Story

Since opening our doors in 1938, the Finex Vernon Branch has experienced remarkable growth and transformation. From humble beginnings, we have evolved into a cornerstone of financial support for residents in Vernon and surrounding areas. Throughout the years, we have adapted to meet the changing needs of our members while maintaining our commitment to exceptional service. Our branch is not just a place for banking; it is a community hub where relationships flourish. We have invested in our facilities and technology to ensure that we remain accessible and user-friendly. With an ATM available for your convenience and drive-thru banking options, accessing your accounts has never been easier.

Branch Location & Accessibility

Welcome to the Finex Vernon Branch, your friendly neighborhood credit union located at 62 Hyde Ave in Vernon, CT. Our branch is conveniently situated near local landmarks, making it easy for you to stop by for all your banking needs. Whether you're heading to a nearby park or running errands around town, we're here to serve you. At Finex, we understand that accessibility is key. Our branch features ADA-compliant facilities with ramps and ample parking to ensure everyone can visit us without hassle. If you need to conduct your banking from the comfort of your vehicle, our drive-thru service makes it even easier for you to manage transactions like deposits and withdrawals quickly. For those who prefer to walk in, our lobby hours are designed with your busy schedule in mind. We're open Monday through Friday from 8:00 AM to 4:30 PM, with extended hours on select days. You can visit us on Monday from 4:30 PM to 7:00 PM for video teller services or come by on Thursday until 6:00 PM. We also welcome you on Saturdays from 9:00 AM until noon. And don't forget about Sunday! We're available via video teller from 10:00 AM to 2:00 PM. In addition to standard banking services, we offer convenient ATM access and shared service center options for members of partner credit unions, so you can easily manage your accounts wherever you are. If you have any questions or would like more information about our services, feel free to give us a call at 860-870-6460. We look forward to welcoming you into the Finex family!

Member Eligibility

At Finex, we believe that becoming a member is like joining a family where everyone supports each other. If you're looking to join our community, you'll be pleased to know that eligibility is quite simple! We welcome anyone who lives, works, or worships in the Vernon area, as well as their family members. It's all about creating a space where you can thrive financially while being part of something bigger. Plus, being a member means you gain access to a variety of financial products and services tailored just for you, from auto loans to savings accounts. Getting started is easy! You can check the specific eligibility criteria by visiting our website at https://www.finexcu.org/membership#application . If everything looks good, head over to our account opening page at https://www.fmservice.com/insurance/finex-credit-union/mnl/add to begin your journey with us. If you have any questions or need assistance, don't hesitate to reach out at (860) 870-6460. We're here to help you every step of the way!

Business Banking & Commercial Services

Merchant Services that Work for You

In addition to loans, our merchant services help streamline your operations. Picture this: easy payment processing that allows you to serve customers quickly and efficiently, whether they pay by card or mobile app. Our services aim to reduce hassle so you can focus on what really matters growing your business. Visit us at 62 Hyde Ave Vernon Ct 06066 in Vernon, CT or call us at (860) 870-6460 to learn how we can help your business thrive!

Tailored 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.

Comprehensive List Of Services

Business Banking Support

For entrepreneurs and small business owners, we provide specialized Business Banking services, including merchant services and business loans to support growth and sustainability. Our team is ready to help you navigate the financial landscape of running a business so you can focus on what you do best.

Convenient Digital Solutions

In addition to traditional banking methods, we pride ourselves on offering robust Online & Mobile Banking solutions that allow you to manage your accounts conveniently from anywhere. Need cash? Our ATM & Cash Withdrawal Services ensure easy access whenever you need it. If you prefer in-person banking, our Basic Drive-Thru Banking offers quick service for deposits, withdrawals, and simple transactions without leaving your vehicle.

Credit Card Benefits

We understand that rewards matter, which is why our Credit Cards with Rewards program offers great perks for everyday purchases. Imagine earning points while shopping for groceries or fueling up your car!

Home Financing Solutions

If you're dreaming of owning a home or looking to refinance, our Mortgage Loans & Refinancing services can guide you through every step of the process. Picture settling into your new home with confidence knowing that you've secured a favorable mortgage tailored just for you. For other personal needs, our Personal Loans & Debt Consolidation can provide relief from financial burdens by offering affordable payment plans designed to simplify your life.

Personal Banking Made Easy

In today's fast-paced world, managing your finances should be straightforward. That's why we offer Personal Banking services, including checking and savings accounts designed to help you achieve your financial goals. Our accounts are user-friendly and come with options that fit various lifestyles. Imagine easily accessing your funds online or through our mobile app anytime you need it. For those considering a new car or refinancing an existing loan, our Auto Loans & Vehicle Financing options make the process simple and stress-free. With competitive rates and flexible terms, financing your dream car becomes less daunting.

Shared Services for Wider Accessibility

Our partnership with other credit unions means members can enjoy Basic Shared Branch Transactions as well. If you're a member of one of our partner credit unions, feel free to conduct deposits and withdrawals at our location making it even easier to access your funds. At Finex, we're committed to making banking accessible and convenient for everyone in our community. If you have any questions about our services or want to learn more about how we can assist you financially, don't hesitate to reach out at (860) 870-6460 or visit us at https://www.finexcu.org/ . We look forward to serving you!

Digital & Online Banking

Key Features for You

Our commitment to convenience doesn't stop there. Enjoy the benefits of e-statements, allowing you to view and manage your account statements electronically, saving both time and paper. If you're looking to send money quickly, our person-to-person transfer feature makes it simple to send funds to friends and family with just a few taps on your smartphone. Security is paramount in everything we do at Finex. While we currently do not offer electronic signature authorization for transactions, rest assured that our systems are designed with your security in mind. Our mobile payments feature lets you shop securely without needing cash or cards just another way we're working to keep your financial information safe. In addition to these features, we pride ourselves on providing real-time account management. With instant notifications for transactions and updates, you'll always be in the loop about your finances. At Finex, we believe that banking should empower you. Our digital and online services are here to simplify your life while ensuring your financial security every step of the way. Join us today and experience the ease of modern banking!

Financial Strength

Commitment to Innovation

With $5,450,687 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 your financial goals across various sectors with $4,260 in used auto loans and $108,331,669 in total loans and leases.

Growing Member Trust

Our total share accounts stand at 27,236, showcasing a strong and growing member base that trusts us with their finances. Additionally, net shares available for lending and investments amount to $87,879, further illustrating our robust position. In conclusion, our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Finex is your trusted partner. Visit us at 62 Hyde Ave Vernon Ct 06066 or call (860) 870-6460 to learn more about how we can help you achieve your financial goals.

Operational Efficiency

Our operational efficiency is reflected in our $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We take pride in having 33 full-time employees and 4 part-time employees who are always ready to serve you with a knowledgeable, committed team.

Secured Savings Options

Members' savings are secured through $15,481,670 in share certificates and $11,577,844 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $1,886,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Strong Financial Health

With a net worth of $13,023,162, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $912 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 $40,377,075 in used vehicle loans and $9,473,546 in new vehicle loans already helping members get on the road. Whether you're purchasing a brand-new vehicle or a reliable used one, our flexible terms can fit your budget.

Credit Lines and Unsecured Credit Cards

For those looking for flexibility in managing finances, we offer credit lines totaling $24,601,726. Additionally, while we currently do not have unsecured credit card loans available, we are committed to finding solutions that meet your financial needs.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $19,473,230, make buying or refinancing simple. We believe everyone deserves a place to call home, and our dedicated team is here to guide you through the process.

Refinancing Options

If you're considering refinancing any existing loans, our team is ready to assist you in exploring your options. We aim to provide competitive rates and terms that can ease your financial burden. If you have any questions or need assistance with your loan application process, feel free to reach out to us at 860-870-6460. Our operating hours are Monday through Friday from 8:00 AM to 4:30 PM, and we also offer extended hours for video teller services. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Visit us online at finexcu.org for more information on how we can help meet your lending needs.

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FINEX CREDIT UNION