First Source Herkimer NY Credit Union | Low Mortgage Rates & Auto Loans

Introduction

Welcome to First Source Federal Credit Union, your trusted financial partner located at 510 W State St, Herkimer, NY 13350. Since our establishment in 1938, we have been dedicated to serving our community with a personal touch, ensuring that our members feel valued and supported in their financial journeys. With a robust membership of over 62,132 individuals and total assets exceeding $1,063,820,676, we are committed to providing exceptional services tailored to meet your needs. At First Source, we understand that financial decisions can be overwhelming. That's why we offer a variety of services ranging from checking and savings accounts to auto loans, mortgage financing, and even business banking solutions. Our team is here to guide you every step of the way, whether you're opening your first account or seeking advice on managing your investments. While members can visit us at our branch for personal assistance, any official correspondence should be sent to our mailing address: 510 West State St, Herkimer, NY 13350-2240. We pride ourselves on being more than just a credit union; we are an integral part of the Herkimer community. Our leadership team led by CEO John Calabrese and Board President Raymond Philo works diligently to ensure that we remain a reliable resource for all your financial needs. With total deposits amounting to $52,972,537 and cash in hand of $4,352,043, First Source is well-positioned to support our members' ambitions. Whether you're looking for loans (we currently have around 55,286 loans and leases) or need advice on savings strategies, we're here for you. Feel free to reach out to us at 315-866-2940 or visit our website at First Source Federal Credit Union for more information. We invite you to experience the difference that comes from being part of a community-focused credit union!

Branch History & Mission

At First Source Federal Credit Union, our story began in 1938, rooted in the heart of Herkimer, NY. Since our founding, we have been dedicated to serving our community with integrity and a personal touch. As we celebrate over 85 years of service, our mission remains clear: to provide exceptional financial services while fostering a sense of belonging among our members. Located at 510 W State St, Herkimer, NY 13350, our branch is a welcoming place where members can access a variety of banking services. Whether you are looking to open a checking account, secure an auto loan, or get advice on debt consolidation, we are here to help. Our drive-thru service makes it even easier for busy members to conduct their banking needs without leaving their vehicles. Over the decades, First Source has grown significantly from its humble beginnings. Today, we proudly serve 62,132 members and manage total assets amounting to $1,063,820,676. Our growth reflects not only our commitment to providing quality financial products but also the trust and loyalty of our community. Our mission is built on the belief that everyone deserves access to fair and affordable financial services. We aim to empower our members by offering personalized solutions that cater to their unique financial journeys. Through initiatives like online and mobile banking, we strive to meet the evolving needs of those we serve. Our ADA-compliant facilities ensure that everyone can comfortably access our services. Community support is at the core of what we do. We actively engage in partnerships and outreach programs designed to uplift local initiatives and promote financial literacy among residents. By investing in our community's future, we strengthen the bonds that tie us together. While members can visit us at 510 W State St, official correspondence should be sent to 510 West State St, Herkimer, NY 13350-2240. If you need assistance or have questions about your finances, don't hesitate to reach out at 315-866-2940. As we look ahead to the future, we invite you to join First Source Federal Credit Union and experience firsthand the benefits of being part of a member-focused institution. Together, let's build a brighter financial future for you and your family! Visit us today or explore more about membership options here.

Branch Location & Accessibility

Accessibility Features

At First Source, we prioritize accessibility for all our members. Our branch features ADA-compliant entrances and ramps to ensure everyone can access our services with ease. Ample parking is available nearby, so you won't have to worry about finding a spot when you visit.

Banking Hours

We understand that life can be busy! That's why we offer flexible operating hours. You can visit us Monday through Wednesday from 9:00 AM to 4:00 PM, Thursday and Friday from 9:00 AM to 5:00 PM, and Saturday from 9:00 AM to 12:00 PM. Whether you need to drop off a deposit or discuss loan options, our team is ready to assist you during these hours.

Convenient Location

Situated near local landmarks and just a short drive from downtown, our branch is perfectly positioned for all your banking needs. While members can visit us at 510 W State St, official correspondence should be sent to our mailing address: 510 West State St, Herkimer, NY 13350-2240. This ensures that your important documents reach us without delay.

Get in Touch!

Have questions or need assistance? Don't hesitate to give us a call at 315-866-2940. We're here to help you navigate your financial journey with confidence. Visit us today at First Source where your financial success is our priority!

Services Offered

At First Source, we provide a variety of services tailored just for you. From checking and savings accounts to auto loans and credit cards with rewards, we aim to meet all your financial needs under one roof. If you prefer quick transactions, take advantage of our drive-thru service for deposits and withdrawals without leaving your vehicle.

Member Eligibility

Welcome to the First Source community, where becoming a member is more than just opening an account it's about joining a supportive family that cares about your financial well-being. If you're wondering how to become part of our vibrant community at First Source, located at 510 W State St Herkimer Ny 13350, we're here to help! Membership is open to anyone who lives, works, worships, or attends school in the areas we serve. This means that whether you're a local resident or a student in town, you can enjoy all the benefits of being with us. Joining First Source means you gain access to a variety of services tailored to meet your needs, from personal banking and auto loans to credit cards and business banking solutions. We prioritize your financial success and are committed to helping you achieve your goals. The process of becoming a member is simple and welcoming just visit our eligibility page at http://www.fsource.org/become-a-member for detailed information. Ready to take the next step? You can start opening your account online at http://www.fsource.org/apply-online or give us a call at (315) 866-2940 if you have any questions. We can't wait to welcome you!

Business Banking & Commercial Services

Loan Options for Every Business Need

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $581 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $80,094,645, we continue to drive economic growth by financing new and expanding businesses.

Practical Merchant Services

In addition to loans, we provide essential merchant services that simplify everyday transactions. Imagine being able to accept payments seamlessly from your customers, whether they pay by card or mobile device. Our merchant services ensure you can focus on what you do best running your business while we handle the financial side. Located conveniently at 510 W State St Herkimer Ny 13350 in Herkimer, NY, we're here to assist you with personalized service and expertise. For more information on how we can support your business goals, call us at (315) 866-2940 or visit our website at First Source Federal Credit Union. Let's work together to turn your vision into reality!

Comprehensive List Of Services

Business Banking Solutions

For our members who are entrepreneurs or small business owners, we offer comprehensive Business Banking services including Merchant Services & Business Loans. We know how challenging it can be to run a business; that's why we provide tools and resources to help streamline your banking experience so you can focus on what matters most growing your business.

Convenient Digital Banking

In today's fast-paced world, convenience is key. That's why at First Source, we offer robust Online & Mobile Banking services. You can manage your accounts from anywhere at any time whether it's checking balances, making transfers, or paying bills all from the comfort of your home or on the go using our mobile app. Need cash? Our basic drive-thru banking allows for quick deposits and withdrawals without leaving your car.

Financing Your Dreams

Need a new car or considering refinancing your home? Our Auto Loans & Vehicle Financing can make owning that dream vehicle more attainable than ever. With competitive rates and flexible terms, you can drive off with confidence. If you're thinking about buying a house, our Mortgage Loans & Refinancing options can guide you through the process with ease, ensuring that you find the right fit for your budget.

Get Started Today!

Ready to explore all the services we offer? Visit us at 510 W State St Herkimer Ny 13350, call us at (315) 866-2940, or check out our website at First Source Federal Credit Union for more information. We can't wait to help you achieve your financial dreams!

Personal Banking Made Easy

When it comes to managing your everyday finances, First Source has you covered with our Personal Banking services. We offer various Checking & Savings Accounts designed to fit different lifestyles and needs. Imagine having a savings account that helps you set aside money for those special moments or a checking account that makes everyday purchases simple and straightforward.

Support for Life’s Unexpected Moments

Life can be unpredictable, and that's where our Personal Loans & Debt Consolidation come into play. Whether it's covering unexpected expenses or consolidating existing debt into one manageable payment, we're here to provide solutions tailored just for you. Plus, don't forget to check out our Credit Cards with Rewards a great way to earn benefits on your everyday purchases!

Digital & Online Banking

Key Features

With our 24/7 Online Banking Services, you can check your balances, transfer money, and pay bills anytime you want. No need to wait for business hours; everything is just a few clicks away. Plus, our E-Statements Availability means you can receive your bank statements electronically, reducing paper clutter while keeping your information organized and accessible. Security is our top priority. We use advanced technology to protect your data, so you can feel confident when using our services. With Electronic Signature Authorization, signing documents online is both quick and secure, streamlining processes like loan applications right from your device.

Mobile Banking Convenience

Need to make payments on the go? Our Mobile Payments Feature allows you to pay for purchases directly from your phone. Additionally, our Mobile Application Availability provides a user-friendly interface where you can manage your accounts seamlessly from anywhere. Want to send money to friends or family? Our Person-to-Person Transfers feature makes it easy to transfer funds in real-time, eliminating the hassle of cash or checks. At First Source, we're committed to providing services that fit your lifestyle. Join us in embracing the future of banking efficiently and securely!

Financial Strength

Growing Trust Among Members

Total Share and Deposit Accounts stand at 143,572, showing a strong and growing member base that trusts us with their finances. This growth highlights the confidence our community has in First Source, as well as our dedication to meeting your needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, First Source is your trusted partner. Visit us at 510 W State St Herkimer Ny 13350 or call (315) 866-2940 to learn more about how we can help you achieve your financial goals.

Member Savings Security

Members' savings are secured through $229,003,770 in share certificates and $204,366,331 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $63,148,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $2,068,540 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 229 full-time employees and 15 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Our Financial Health

With a net worth of $100,478,065, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 9.67% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Reinvesting for Your Benefit

With $100,478,065 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our ability to support your financial aspirations is further highlighted by our lending capacity: we have $12,749 in used auto loans and $996,423,118 in total loans and leases available for you across various sectors.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $218,933,981 in used vehicle loans and $117,924,294 in new vehicle loans already helping members get on the road. Whether it's a brand-new model or a reliable used car, we have financing options tailored to fit your needs.

Business Loans

If you are a business owner looking for funding opportunities, our outstanding commercial loans totaling $80,094,645 provide the capital needed to grow and expand your operations. At First Source, we believe in making borrowing accessible and straightforward. Whether you're interested in an auto loan or exploring mortgage options for homeownership, our team is ready to assist you every step of the way. 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 today or check out our website at First Source for more details on how we can support your financial journey!

Credit Lines and Unsecured Loans

For those needing additional flexibility in managing expenses, we offer total credit lines amounting to $313,294,105. Additionally, our unsecured credit card loans totaling $26,493,086 provide an easy way for members to manage finances effectively without needing collateral.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $85,491,526, make buying or refinancing simple. We provide various mortgage solutions designed to suit different financial situations. If you're considering refinancing your existing mortgage, we can help you explore eligibility options to potentially lower your monthly payments.

Loan Aggregator

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FIRST SOURCE FEDERAL CREDIT UNION - Herkimer, NY

Type of Loan Offerings

Home Equity Loans

Personal Loans

Vehicle Loans

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