Hanscom Credit Union Beverly MA | Affordable Auto Loans & Business Banking

Introduction

Welcome to Hanscom Credit Union, your trusted financial partner located at 50 Dodge St, Beverly, MA 01915. Since our establishment in 1953, we have been dedicated to serving our community and providing exceptional financial services to over 102,000 members. With total assets exceeding $1.8 billion and total deposits of $5,747,502, we are proud to be a solid foundation for our members' financial needs. At Hanscom, we understand that banking is about more than just numbers; it's about relationships and community impact. Our CEO, Peter Rice, along with Board President Teresa Conrad, leads a team of 219 dedicated employees who are committed to your financial success. Whether you're looking for personal banking solutions like checking and savings accounts or seeking financing options such as auto loans and mortgages, we have the tools and expertise to help you achieve your goals. While members can visit us at our branch location, official correspondence should be sent to the same address: 50 Dodge Street, Beverly, MA 1915. We invite you to explore our website at hfcu.org for more information on our services or simply give us a call at 978-922-8311. Join us today and experience the difference of being part of a credit union that truly cares!

Branch History & Mission

Community Commitment

Our mission extends beyond just banking; we believe in making a positive impact within our community. From sponsoring local events to partnering with nonprofits for outreach initiatives, Hanscom actively engages in efforts that uplift those around us. We aim to create opportunities and provide resources that help our community thrive. While you can visit us at our branch for all your banking needs, please note that official correspondence should be directed to our mailing address: 50 Dodge Street, Beverly, MA 1915.

Join Us

At Hanscom Credit Union, we're not just about numbers; we're about people our members who make up this vibrant community. Whether you're looking for help with loans or savings plans or need guidance on navigating financial challenges, we invite you to join us on this journey. Experience firsthand how we combine personalized service with robust financial solutions tailored for your life. Join Hanscom today and discover the difference of being part of a credit union that truly cares! Visit us online at hfcu.org or apply for an account here.

Modern Banking Experience

In today's fast-paced world, we recognize the importance of technology in simplifying banking processes. That's why we offer a range of digital services including online and mobile banking, electronic signatures for convenience, and secure ATM access. Our commitment to ADA compliance ensures that all members can easily access our services without barriers. Our operating hours reflect our dedication to serving you when it's most convenient: Monday through Wednesday and Friday from 8:30 AM to 4:00 PM; Thursday until 6:00 PM; and Saturday from 9:00 AM to 12:00 PM. For any inquiries or assistance, feel free to reach us at (978) 922-8311.

Our Story

Located at 50 Dodge St, Beverly, MA 01915, Hanscom has become a trusted partner for individuals and families seeking financial stability and growth. Since opening our doors, we have continuously evolved to meet the changing needs of our members. Our mission is clear: to empower our members through accessible financial services while fostering a spirit of community support and engagement. Over the years, we've introduced various services including personal banking options like checking and savings accounts, auto loans, mortgage loans, credit cards with rewards, and business banking solutions. We understand that every member's needs are unique; hence we strive to offer tailored solutions that enhance their financial well-being.

Branch Location & Accessibility

ATM Access and Shared Services

For added convenience, our Beverly branch features ATM availability so you can access your funds when you need them. If you're a member of another participating credit union, you can also take advantage of basic shared branch services like deposits and withdrawals. We invite you to experience the personalized service that makes Hanscom Credit Union special. Whether you're stopping by in person or giving us a call at 978-922-8311, we're here to assist you with all your banking needs. Come visit us today!

Convenient Access and Amenities

At our Beverly branch, we strive to make banking as simple as possible. While our address is 50 Dodge St, official correspondence can also be sent to our mailing address at 50 Dodge Street, Beverly, MA 1915. We offer ample parking for our members and are committed to accessibility, featuring ADA-compliant entrances and ramps.

Operating Hours and Services

We know your time is valuable, which is why we've designed our operating hours to fit your schedule. You can visit us Monday through Wednesday and Friday from 8:30 AM to 4:00 PM, Thursday until 6:00 PM, and on Saturday from 9:00 AM to 12:00 PM. Whether you're looking to open a new checking account, apply for an auto loan, or just ask a question about your account, our friendly staff is here to help.

Member Eligibility

At Hanscom, we believe that everyone deserves a chance to be part of a supportive community, and becoming a member is easier than you might think! If you live, work, or worship in the area, you're already on your way to joining us. We welcome individuals from all walks of life, so whether you're looking for personal banking solutions or seeking guidance for your financial goals, you will find a home here. To learn more about eligibility and see if you qualify, feel free to check out our detailed information at . Opening an account is a breeze! Simply visit us at our branch located at 50 Dodge St Beverly Ma 01915, or call us at (978) 922-8311 for assistance. You can also start your journey online by visiting http://www.hfcu.org/apply-for-a-loan.html . Here at Hanscom, we pride ourselves on making banking accessible and friendly for everyone. Join us today and experience the benefits of being a member of our community-focused credit union!

Business Banking & Commercial Services

Commercial Loans for Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $195 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $8 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $116,206,625, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services to Streamline Operations

In addition to loans, we offer merchant services designed to simplify transactions for your business. Imagine a bustling café where customers enjoy their morning brew while seamlessly paying via card or mobile app. Our merchant services ensure you can process payments quickly and securely, allowing you to focus on what you do best serving your customers. Located at 50 Dodge St Beverly Ma 01915 in Beverly, MA, we invite you to explore how our business banking and commercial services can fuel your success. Reach out today at (978) 922-8311 or visit us online at https://www.hfcu.org/ to learn more!

Comprehensive List Of Services

Business Banking

Running a business? We support local entrepreneurs with our Business Banking services, including Merchant Services & Business Loans tailored to help your business thrive. From payment processing solutions to financing options that suit your unique needs, we're here to partner with you on your journey.

Credit Cards

For everyday purchases or special rewards, consider our Credit Cards with Rewards program. Enjoy benefits that fit your spending habits and earn points towards exciting rewards every time you swipe.

Digital Banking Features

In today's fast-paced world, convenience is key. That's why we offer robust Online & Mobile Banking services. Access your accounts anytime from anywhere whether it's checking balances, transferring funds, or paying bills through our secure platform. Plus, with features like ATM & Cash Withdrawal Services, you can easily access cash when needed.

Home Financing

Thinking about buying a home? Our Mortgage Loans & Refinancing services are here to help you navigate the home-buying process with confidence. Whether you're purchasing your first home or looking to refinance your existing mortgage for better rates, our team will guide you every step of the way.

Personal Banking

When it comes to personal banking, we offer a variety of Checking & Savings Accounts designed for every lifestyle. Imagine easily accessing your funds online or through our mobile app while enjoying competitive interest rates. For those looking to finance their next vehicle, our Auto Loans & Vehicle Financing options provide flexible terms and quick approvals, making it easier than ever to get behind the wheel.

Personal Loans

If unexpected expenses arise or you're looking to consolidate debt, our Personal Loans & Debt Consolidation products can provide the financial relief you need. With straightforward applications and fast funding options, we work hard to ensure that getting the money you need is as stress-free as possible.

Shared Branch Transactions

Additionally, if you're traveling or simply prefer more flexibility, take advantage of our basic shared branch transactions for deposits and withdrawals at partner credit union locations. At Hanscom, we strive not just to be a bank but a community partner committed to helping you achieve your financial goals. If you have any questions about our services or want assistance getting started, feel free to reach out at (978) 922-8311 or visit us during our operating hours: Monday through Wednesday and Friday from 8:30 AM to 4:00 PM; Thursday from 8:30 AM to 6:00 PM; and Saturday from 9:00 AM to 12:00 PM. Join us today at Beverly, where your financial success is our priority!

Digital & Online Banking

Key Services for Your Convenience

With our online banking, you can check your balance, transfer funds, and pay bills with just a few clicks. No more waiting in line or rushing to the bank before it closes! Plus, if you're concerned about security, rest assured that we utilize electronic signature authorization Yes to ensure your transactions are safe. Stay organized and environmentally friendly with e-statements available at your fingertips Yes. You'll receive notifications when your statements are ready, making it easier to keep track of your financial activity.

Mobile Banking Made Easy

On top of our robust online services, we also offer a mobile application Yes that brings banking right to your pocket. With features like mobile payments Yes, you can make quick payments directly from your phone ideal for those busy days when you're out and about. Need to send money to a friend? Our person-to-person transfers feature Yes allows you to send money instantly without any hassle. Just a few taps on your screen and you're done! In today's fast-paced world, having control over your finances whenever you want is crucial. At Hanscom, our commitment is to provide user-friendly tools that allow you to manage your accounts in real-time with confidence. Explore all these digital conveniences today by visiting us online at https://www.hfcu.org/ . Experience banking that fits into your lifestyle!

Financial Strength

A Growing Community

Total Share Accounts: 186,823 show a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $197,465,687 further illustrate our commitment to building a sustainable future for all our members. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Hanscom is your trusted partner. Visit us at 50 Dodge St Beverly Ma 01915 or call (978) 922-8311 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.

Commitment to Growth

With $212,977,751 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is evident with $18,952 in used auto loans and $1,542,443,817 in total loans and leases, supporting our members' financial goals across various sectors.

Member-Centric Approach

Members' savings are secured through $589,544,697 in share certificates and $197,725,911 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.

Operational Efficiency

Our operational efficiency shines through with a net income of $0, allowing us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 215 full-time employees and 4 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Strong Financial Foundation

With a net worth of $214,622,275, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,183 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 $250,871,545 in used vehicle loans and $46,190,079 in new vehicle loans already helping members get on the road. We provide financing options for both new and used vehicles, making it easier than ever to drive away with your dream car.

Business Financing

For business owners, our outstanding commercial loans totaling $116,206,625 provide the capital needed to grow and expand. We understand that every business has unique needs, and we're here to support your entrepreneurial journey. At Hanscom, we pride ourselves on offering personalized service and guidance throughout the lending process. If you're considering refinancing or want to learn about eligibility options for any of our products, feel free to reach out. You can contact us at (978) 922-8311, or visit us at our branch located at 50 Dodge St Beverly Ma 01915 in Beverly, MA. 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 we can help you take the next step towards achieving your financial goals today!

Credit Lines

For those who need access to funds without taking out a traditional loan, our credit lines totaling $397,817,999 provide a convenient solution. With this option, you can borrow what you need when you need it perfect for managing unexpected expenses or funding projects.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $513,122,577, make buying or refinancing simple. We guide you through the process and offer competitive rates to help you secure the home you've always wanted.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $43,820,539 in loans helping members manage their finances effectively. These credit cards come with valuable rewards and benefits, making it easier for you to make purchases while earning back.

Loan Aggregator

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HANSCOM FEDERAL CREDIT UNION