For Members Only Chicago IL Credit Union | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to For Members Only Federal Credit Union, where we put our members first! Located at 5656 S Stony Island Ave, Chicago, IL 60637, our credit union has been dedicated to providing personalized financial solutions since 2023. With a strong commitment to our community and a membership base of over 8,700 individuals, we strive to offer the best in personal and business banking services. At For Members Only, we manage assets totaling $4,952,782, ensuring that your money is secure while working towards helping you achieve your financial goals. Our total deposits stand at an impressive $4,908,381, reflecting our members' trust and confidence in us. We also take pride in maintaining a net worth of $709,335, which allows us to invest back into services that benefit you. While you can always visit us at our branch for your banking needs, please note that official correspondence should be directed to the same address. Our friendly team is here to help with everything from checking and savings accounts to auto loans and mortgage refinancing. If you have any questions or would like to learn more about how we can support your financial journey, don't hesitate to reach out at 773-684-1282. Under the leadership of our dedicated CEO, Terri Eason, and Board President Danette Anthony Reed, we are committed to making a positive impact on the lives of our members and the surrounding community. Join us today as we work together towards building a brighter financial future! Visit our website at akafmofcu.org for more information or explore how to become a member by clicking here. We look forward to serving you!

Branch History & Mission

Join Us!

As we look ahead, we invite you to become part of the For Members Only family. Experience firsthand the benefits of membership where every decision is made with your best interests at heart. Visit us at 5656 S Stony Island Ave, or explore more about what we offer by visiting our website at akafmofcu.org. Together, let's build a brighter future!

Modern Amenities

While maintaining a strong connection to our roots, we embrace modern technology. Our branch offers online banking services to ensure that members can manage their finances conveniently from anywhere. Although we currently do not have ATM facilities or drive-thru service, we provide shared service center options for basic transactions, making it easier for members to access their funds. Our operating hours from 9:00 AM to 4:00 PM during weekdays allow us to be available when you need us most. If you need assistance or have questions about your account, don't hesitate to reach out at 773-684-1282.

Our Mission

At For Members Only, our mission is clear: we strive to deliver comprehensive financial solutions tailored to meet the unique needs of our community. Whether it's offering personal banking options like checking and savings accounts or assisting with auto loans and mortgage refinancing, we aim to create pathways for financial success. We believe that everyone deserves access to quality financial services that enhance their lives. We also take pride in being actively involved in local outreach initiatives, partnering with various organizations to support education, health, and wellness programs. This commitment strengthens our ties within the community and helps foster a supportive environment where everyone can thrive.

Our Story

From our humble beginnings at 5656 S Stony Island Ave, we have quickly established ourselves as a trusted partner for countless families and businesses in the area. Our branch is not just a place for transactions; it's a hub for community engagement and growth. Our commitment to excellence has enabled us to accumulate total assets of approximately $4,952,782, reflecting our solid foundation and focus on serving our members with integrity.

Branch Location & Accessibility

Accessibility Features

At For Members Only, we prioritize accessibility for all our members. Our branch complies with ADA standards, featuring ramps and accessible entry points so everyone can comfortably access our services. Ample parking is available nearby, making your visit hassle-free.

Operating Hours

We understand that your time is valuable. That's why we are open Monday through Friday from 9:00 AM to 4:00 PM. This schedule allows you to manage your banking needs during convenient hours. If you have questions or need assistance outside these times, don't hesitate to reach out to us at 773-684-1282.

Services Available

Our branch offers a variety of personal banking services including checking and savings accounts, auto loans, mortgage loans and refinancing options, as well as personal loans and credit cards with rewards. We also provide business banking solutions like merchant services and business loans. Plus, with online banking available, managing your finances has never been easier! As an added convenience for our members, we participate in shared branching services. This means you can conduct basic transactions such as deposits and withdrawals even if you're visiting a partner credit union. We invite you to stop by our Chicago branch today! Our dedicated team is eager to assist you with all your financial needs. Come experience the personalized service that sets For Members Only Federal Credit Union apart!

Member Eligibility

At For Members Only, we believe that everyone deserves a chance to join our warm and welcoming community. Becoming a member is easy and open to those who live, work, or worship in the area surrounding us at 5656 S Stony Island Ave Chicago Il 60637. We're excited to offer you access to a variety of financial products designed with your needs in mind. Whether you're looking for checking and savings accounts, loans, or credit cards, our goal is to help you achieve your financial dreams. If you're ready to take the next step toward membership, just visit us online for more details on eligibility and how you can open an account: https://akafmofcu.onlineaurora.com/bankbin/enroll. We're here to support you every step of the way, so don't hesitate to reach out at (773) 684-1282 if you have any questions. Check out our eligibility criteria at for all the specifics. We can't wait to welcome you!

Business Banking & Commercial Services

Merchant Services That Matter

Imagine running your day-to-day operations without worrying about payment processing. Our merchant services simplify transactions, letting you focus on what you do best serving your customers. With secure payment solutions tailored for your business, you can enhance customer experience while boosting sales. Located at 5656 S Stony Island Ave Chicago Il 60637 in Chicago, IL, we're here to help your business thrive. Give us a call at (773) 684-1282 or visit us to explore how we can partner in your success!

Tailored Loan Solutions

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 Solutions

We also recognize the importance of supporting local businesses. Our business banking services include merchant services and business loans designed to empower entrepreneurs like you. We're here to help your business thrive with the right financial tools.

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking platforms that allow you to manage your accounts from anywhere at any time. With features like e-statements and easy online access, handling your finances has never been simpler.

Home Financing

If homeownership is on your horizon, our mortgage loans and refinancing options are here to support you every step of the way. We want to ensure you have the best possible experience when purchasing or refinancing your home, making the process straightforward and stress-free.

Personal Banking

Starting with personal banking, we offer various checking and savings accounts designed to fit different lifestyles. Whether you're saving for a dream vacation or managing everyday expenses, we have options that cater to your needs. For those considering a new vehicle, our auto loans and vehicle financing solutions can help turn your dream into reality with competitive rates and flexible terms.

Personal Loans & Credit Options

For those unexpected expenses or projects, consider our personal loans and debt consolidation services. They provide an easy way to manage financial burdens without overwhelming stress. And if you're looking to build or enhance your credit, our credit cards with rewards can be a great choice, allowing you to earn benefits while managing your spending.

Shared Branch Transactions

Additionally, if you're a member of another partner credit union, you can take advantage of basic shared branch transactions like deposits and withdrawals right here at For Members Only. This means that no matter where you are in your financial journey, we've got you covered. For more information about how our services can meet your needs or if you have any questions, feel free to reach out at (773) 684-1282. We invite you to visit us today at 5656 S Stony Island Ave Chicago Il 60637 in Chicago, IL**, where we're committed to serving you better every day!

Digital & Online Banking

Access Anytime, Anywhere

With our 24/7 online banking services available at https://akafmofcu.org/, you can check your balance, transfer funds, and manage your accounts whenever it suits you. No more waiting in lines or rushing to the bank before closing time! You can do everything from your computer or mobile device, ensuring that you're always in control of your finances.

Quick and Easy Transactions

While we don't currently offer mobile payments or a dedicated mobile application, our online banking system allows for easy management of person-to-person transfers directly through the website making it simple to send money to friends and family when they need it most.

Secure and User-Friendly

Your security is our priority. Although we don't have electronic signature authorization at this moment, our online platform is designed to keep your information safe while providing an intuitive user experience. You can feel confident knowing that your data is protected. In summary, For Members Only offers a range of digital banking services that make managing your money easy and accessible. From e-statements to 24/7 online access at https://akafmofcu.org/, we're here to support your financial journey every step of the way!

Stay Organized with E-Statements

We offer e-statements for those who prefer a paperless option. This means you can view your financial statements online anytime without cluttering your mailbox. It's not just convenient; it's also environmentally friendly!

Financial Strength

Dedicated Team

We also take pride in having 2 full-time employees and 0 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Our staff is dedicated to providing exceptional service as we work together to meet your financial needs.

Growing Membership

With a total of 8,722 share accounts, our member base continues to grow as more individuals trust us with their finances. This growth showcases the confidence that members have in For Members Only, reinforcing our commitment to serving you well. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, For Members Only is your trusted partner. Visit us at 5656 S Stony Island Ave Chicago Il 60637 or call (773) 684-1282 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.*

Lending Capacity

Our capacity to lend is robust, with $0 in used auto loans and $0 in total loans and leases available for our members' financial goals across various sectors. Furthermore, our $156,817 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members.

Member-Focused Savings

Your 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.

Reinvestment in Services

With $52,518 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. This commitment to reinvestment allows us to adapt and grow with the changing needs of our community.

Solid Financial Position

With a net worth of $709,335, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,432 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 $0 in used vehicle loans and $0 in new vehicle loans already helping members get on the road. Whether you're interested in financing a new or used vehicle, our friendly team is here to assist you every step of the way.

Business Loans

For business owners, our outstanding commercial loans provide the capital needed to grow and expand. If you're looking to take your business to the next level, we have competitive options tailored just for you.

Credit Lines

Need some extra cash for unexpected expenses? Our credit lines are here for you! With up to $50,000 available, you can access funds when you need them most.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $0, make buying or refinancing simple. We can guide you through the process and help you find the right solution for your housing needs.

Refinancing Options

If you're considering refinancing an existing loan, talk to us about your options. We can help you find a plan that fits your budget and financial situation. Our dedicated team at For Members Only is ready to assist you with any questions regarding our loan offerings. Feel free to reach out at (773) 684-1282, or visit us at our branch located at 5656 S Stony Island Ave Chicago Il 60637 in Chicago, IL. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let us help you take that next step toward your financial future!

Unsecured Credit Card Loans

Managing everyday expenses can be challenging, which is why we also offer flexible terms on unsecured credit card loans, with a total of $0 in loans helping members manage their finances effectively. Enjoy the convenience of a credit card without the burden of collateral.

Loan Aggregator

Benefits of Using LendMesh

LendMesh offers several key advantages that enhance the loan shopping experience: - Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency in every comparison. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions. The goal is to provide unbiased results that serve the user's best interests. - Real-Time Rate Comparisons: Users receive up-to-date loan rates from multiple institutions, empowering them to make informed decisions quickly. Thousands of users trust LendMesh for their loan comparisons. One satisfied member shared their experience: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" 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.*

Ensuring 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). This means users can trust that they are receiving fair and transparent offers. Each loan comparison reflects accurate rates and terms, allowing borrowers to make informed choices.

For Members Only