Florida A&M University Credit Union Tallahassee FL | Affordable Auto Loans & Low Mortgage Rates

Introduction

Welcome to Florida A & M University, your trusted financial partner located at 1610 S Monroe St, Tallahassee, FL 32301. Since our establishment in 1935, we have been dedicated to serving our community with integrity and care. With a total membership of 3,952 members, we pride ourselves on being more than just a credit union; we are a family that supports one another in achieving financial wellness. At Florida A & M University, we understand that managing finances can be challenging. That's why we offer a wide range of services tailored to meet your needs from checking and savings accounts to auto loans and personal loans. Our total assets amount to an impressive $28,911,992, demonstrating our commitment to providing reliable financial solutions. Our leadership team is here for you. Under the guidance of CEO Michelle Outlaw and Board President Lorenzo Alexander, we strive to create a welcoming environment where everyone feels valued and supported. With a dedicated staff of 9 employees, we're always ready to assist you with any inquiries or services you may need. While you can visit us at our branch address for all your banking needs, please note that any official correspondence should be directed to our mailing address: 1610 S Monroe St, Tallahassee, FL 32301-5524. We invite you to explore what Florida A & M University has to offer! Whether you're looking to open an account or apply for a loan, we're here to help you every step of the way. Feel free to reach out at 850-222-4541 or visit our website at www.famufcu.com for more information. Your financial journey starts here with us let's achieve your goals together!

Branch History & Mission

The Florida A & M University (FAMU) Federal Credit Union has a rich history that dates back to its founding in 1935. Established to serve the financial needs of the university community, this credit union has grown and evolved alongside its members, now boasting a membership of nearly 4,000 individuals. Located at 1610 S Monroe St, Tallahassee, FL 32301, our branch is a cornerstone of support for students, staff, and alumni. Over the decades, FAMU Federal Credit Union has achieved significant milestones. From humble beginnings, we have expanded our services to include personal banking options like checking and savings accounts, auto loans, mortgage loans, and credit cards with rewards. As of today, our total assets stand at an impressive $28,911,992. This financial strength allows us to better serve our community and provide competitive rates on various loans and deposit products. At FAMU Federal Credit Union, our mission is clear: we strive to empower our members by offering accessible financial solutions tailored to their unique needs. We are committed not just to providing excellent banking services but also to uplifting our community through partnerships and outreach programs. Our team actively seeks opportunities to give back through educational workshops and financial literacy initiatives that help members make informed decisions about their finances. While members can visit us at 1610 S Monroe St, official correspondence should be sent to 1610 S Monroe St, Tallahassee, FL 32301-5524. We pride ourselves on making banking easy and convenient; that's why we offer drive-thru service as well as ATM availability for quick transactions. Our operating hours are designed with your schedule in mind: Monday through Thursday from 8:30 AM to 5:00 PM and Friday from 8:00 AM to 5:30 PM. Whether you need assistance or want to explore new financial opportunities, our friendly staff is here to help. As we look toward the future, FAMU Federal Credit Union remains dedicated to advancing technology that enhances member experience while ensuring ADA compliance for all accessibility needs. We believe in fostering relationships built on trust and transparency. Join us today at FAMU Federal Credit Union! Experience firsthand how we can support your financial journey while contributing positively to our vibrant community in Tallahassee. You can reach us at 850-222-4541 or visit our website at www.famufcu.com. Together, let's build a brighter financial future!

Branch Location & Accessibility

Banking Services Tailored for You

At Famu Federal Credit Union, we offer a variety of services designed to meet your needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we have solutions that fit your financial goals. Plus, with ATM availability on-site and drive-thru banking for quick transactions, managing your money has never been easier. While members can visit us at 1610 S Monroe St, official correspondence should be sent to our mailing address at 1610 S Monroe St, Tallahassee, FL 32301-5524.

Convenient Access and Amenities

Finding us is simple! We offer ample parking right outside our branch, making it easy for you to come in and speak with our friendly staff. Our location is designed with accessibility in mind, featuring ADA-compliant ramps and entrances to ensure everyone can visit us comfortably.

Get in Touch!

Have questions? Feel free to reach out by calling us at 850-222-4541. We look forward to welcoming you at our branch soon! Come discover how Famu Federal Credit Union can help make your banking experience enjoyable and stress-free.

Operating Hours That Fit Your Schedule

We understand that your time is valuable. That's why we're open Monday through Thursday from 8:30 AM to 5:00 PM and Friday from 8:00 AM to 5:30 PM. Whether you're looking to open a new account, apply for a loan, or simply ask questions about your finances, we are here to help during those hours.

Member Eligibility

At Florida A & M University, we believe that everyone deserves access to financial services that empower them. Becoming a member is simple and welcoming. If you're affiliated with Florida A & M University whether you're a student, faculty member, or even an alumnus you can join our community. We also welcome family members of current members, making it easy for your loved ones to enjoy the benefits as well. Our goal is to create a supportive environment where you can thrive financially. To start your journey with us, you can find detailed eligibility criteria on our website at https://famufcu.com/pages/join-now.php . Once you're ready to join, the account opening process is straightforward and user-friendly; just visit http://www.famufcu.com/pages/smartsteps .php for all the information you need. If you have any questions or need assistance, feel free to call us at (850) 222-4541. Join us at our branch located at 1610 S Monroe St Tallahassee Fl 32301 and become part of something special today!

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 $5 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $605,071, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In addition to loans, we offer merchant services that simplify payment processing. Imagine being able to accept payments quickly and securely from customers, whether they're in-store or online. Our tools make it easy for you to focus on what matters most running your business. Ready to take the next step? Visit us at 1610 S Monroe St Tallahassee Fl 32301 or call us at (850) 222-4541 to learn more about how we can support your business journey today!

Comprehensive List Of Services

Business Banking Services

For our entrepreneurs and small business owners, we provide comprehensive business banking services including merchant services and business loans. Running a business is challenging enough; let us handle your financial needs so you can focus on what you do best growing your business.

Credit Cards and Rewards

Enhancing your purchasing power is made easy with our credit cards that come with rewards. Picture earning points on every purchase you make, whether it's for groceries or travel. Our rewards program is designed to benefit you as you spend, allowing you to enjoy the perks of being a member of Florida A & M University.

Drive-Thru and ATM Services

For those who prefer traditional banking methods, our drive-thru service allows for quick deposits, withdrawals, and simple transactions without leaving your vehicle. This adds an extra layer of convenience for members who may be in a hurry. At Florida A & M University, we pride ourselves on making banking accessible and friendly. Our dedicated team is ready to assist you with any questions about these services or how they can best fit your needs. If you're ready to take the next step in managing your finances effectively or want more information about becoming a member, please give us a call at (850) 222-4541 or visit us online at Famu Federal Credit Union. We're excited to help you achieve your financial goals!

Online & Mobile Banking

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking options that allow you to manage your accounts anytime, anywhere. Whether it's paying bills or transferring funds, our digital platform makes it simple and secure. Plus, with ATM access available for cash withdrawals and balance checks, your money is always within reach.

Personal Banking Solutions

Our personal banking services include checking and savings accounts tailored to help you manage your everyday finances effortlessly. If you're looking to make a big purchase or consolidate debt, our auto loans and vehicle financing options can help get you on the road with ease. For those dreaming of homeownership, we offer mortgage loans and refinancing to make that dream a reality. Imagine walking into your future home while enjoying competitive rates and personalized service from our team. We understand that life can bring unexpected expenses, which is why our personal loans are available for emergencies or special projects, providing peace of mind when you need it most.

Digital & Online Banking

Key Features

Our online banking platform provides a user-friendly experience that allows you to check balances, transfer funds, and manage your transactions with just a few clicks. Want to send money to a friend or family member? Our person-to-person transfer feature makes it easy to send funds directly from your account, ensuring quick and simple transactions. Security is our top priority, which is why we offer electronic signature authorization. This ensures that your transactions are safe and verified, giving you peace of mind every time you bank online. Plus, with e-statements available, you can keep track of your financial activities without the clutter of paper statements.

Mobile Banking

For those on the go, our mobile payments feature allows you to make purchases directly from your smartphone. Although we currently do not have a dedicated mobile application, our website is fully optimized for mobile use, so you can manage your finances effortlessly from your device. With all these features and more at your fingertips, banking with Florida A & M University has never been easier. Experience the ease of real-time account management and take control of your finances today!

Financial Strength

Commitment to Improvement

With $3,921,884 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. We believe that continuous improvement is vital for maintaining trust within our community. Our lending capacity supports members' financial goals across various sectors with $191 in used auto loans and $10,646,936 in total loans and leases. This diverse portfolio ensures that whether you're looking for an auto loan or other financing options, we're here to help you every step of the way.

Conclusion

Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Florida A & M University is your trusted partner. Visit us at 1610 S Monroe St Tallahassee Fl 32301 or call (850) 222-4541 to learn more about how we can help you achieve your financial goals.

Member Savings and Investments

Members' savings are secured through $1,387,535 in share certificates and $3,397,702 in money market shares, offering stable and rewarding financial growth opportunities. These options allow our members to grow their savings securely while enjoying attractive returns. 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.

Operational Efficiency

While our current net income stands at $-143,001, which reflects operational challenges, it's important to recognize that we are committed to enhancing our efficiency moving forward. We have a dedicated team of 8 full-time employees and 1 part-time employees who are always ready to serve you with knowledgeable support. With total share accounts reaching 7,241, we proudly support a strong and growing member base that trusts us with their finances.

Our Financial Health

With a net worth of $3,977,696, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. This net worth is a testament to our ability to manage resources effectively while prioritizing member satisfaction. Our net worth ratio of $1,366 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. This stability is crucial as it shows how well we can absorb unexpected challenges.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry. With over $3,459,583 in used vehicle loans and $1,400,576 in new vehicle loans already helping members get on the road, you can trust us to provide flexible financing options that suit your budget. We also offer refinancing options for those looking to adjust their current auto loan terms.

Business Financing

For business owners, our outstanding commercial loans totaling $605,071 can provide the capital needed to grow and expand your business. We recognize that every business has unique needs and are here to support you with customized financing solutions. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Whether you're looking for an auto loan, mortgage options, or support for your business endeavors, Florida A & M University is committed to serving our members' financial needs with transparency and care. For more information or to get started with a loan application today, give us a call at 850-222-4541 or visit us online at FAMU FCU.

Credit Lines and Unsecured Loans

For added financial flexibility, consider our credit lines which total $850,000. Additionally, while we currently do not offer unsecured credit card loans directly, our other lending products can provide alternatives for managing expenses effectively.

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $1,174,225. Whether you're buying your first home or considering refinancing an existing mortgage, we make the process straightforward and accessible.

Loan Aggregator

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How LendMesh Ensures Accurate Loan 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 commitment to accuracy allows users to trust the information they see when comparing loan options.

FLORIDA A & M UNIVERSITY FEDERAL CREDIT UNION - Tallahassee, FL