I.L.A. Local 1235 Credit Union Springfield NJ | Affordable Auto Loans & Business Banking

Introduction

Welcome to I.l.a. Local 1235, your trusted financial partner located at 327 Milltown Rd, Springfield, NJ 07081. Since our establishment in 1981, we have been dedicated to serving our members with integrity and care. With a growing community of 642 members, we strive to make a positive impact on the lives of those we serve. At I.l.a. Local 1235, we understand that every member's needs are unique. Our total assets amount to an impressive $6,857,206, reflecting our commitment to sound financial management and growth. We offer various services designed to support you on your financial journey, from personal banking options like checking and savings accounts to auto loans and mortgage financing. Our leadership team, led by CEO Linda Cernadas and Board President James Anderson, is committed to fostering a welcoming environment where everyone feels valued. With just 2 employees, we pride ourselves on providing personalized service that larger institutions may overlook. While members can visit us at our branch location, official correspondence should be sent to our mailing address: One Gateway Center, Suite 2600, Newark, NJ 07102. We encourage you to reach out with any questions or concerns by calling us at 973-344-8660 during our lobby hours from 9:00 AM to 3:00 PM. As part of our community-focused approach, we maintain a net worth of $935,642 and total deposits of $266,362, ensuring that your funds are secure with us. Whether you're looking for loans of which we currently have 263 or want to explore investment opportunities, we're here to help you succeed. Discover how I.l.a. Local 1235 can assist you in achieving your financial goals by visiting us online at ila1235fcu.com or stopping by our branch today! Your financial well-being is our priority, and we look forward to being part of your journey.

Branch History & Mission

Join Us!

As we look towards the future, I.l.a. Local 1235 is excited about the opportunities ahead and continues to embrace digital advancements for enhanced member convenience like mobile applications and online banking options (coming soon!). We encourage you to take the first step towards better financial health by becoming a member today! Contact us at (973) 344-8660 or visit us online at I.l.a. Local 1235 for more information on how we can help you thrive financially. Together, let's build a brighter tomorrow!

Our Mission

At I.l.a. Local 1235, our mission is simple yet powerful: we aim to support our members through personal banking solutions while fostering community development. We offer a range of services including checking and savings accounts, auto loans, mortgages, personal loans, and business banking solutions. Our goal is not just about numbers; it's about making a positive impact on people's lives. We believe that everyone deserves access to quality financial services regardless of their background. This belief drives us to create partnerships within the community and engage in outreach efforts that uplift those around us. Whether it's through educational workshops or local sponsorships, we are committed to being more than just a credit union; we strive to be a trusted partner in your financial journey. While members can visit us at 327 Milltown Rd Springfield Nj 07081, official correspondence should be sent to One Gateway Center, Suite 2600, Newark, NJ 7102 if needed. We invite you to experience our customer-centric approach firsthand during our operating hours from 9:00 AM to 3:00 PM on weekdays.

Branch Location & Accessibility

Branch Hours and Services

Our doors are open Monday through Friday from 9:00 AM to 3:00 PM, making it easy for you to stop by during your busy day. While we currently do not offer ATM or drive-thru services, our team is here to assist you with a variety of financial needs, including checking and savings accounts, auto loans, mortgage loans, and more. If you have questions about our offerings or need assistance with your account, feel free to give us a call at 973-344-8660.

Getting Here and Parking

We prioritize accessibility for all our members. Our branch features ample parking and complies with ADA standards, ensuring that everyone can visit us without any hassle. Whether you're coming in for personal banking services or just to chat with our friendly staff, you'll find our location welcoming and easy to navigate.

Stay Connected

While members can visit us at the branch for all their banking needs, official correspondence should be sent to our mailing address: One Gateway Center, Suite 2600, Newark, NJ 7102. This ensures that your important documents reach us promptly. At I.l.a. Local 1235, we're dedicated to serving our community with personalized financial solutions tailored just for you. We invite you to stop by and see how we can help you achieve your financial goals. We look forward to meeting you!

Member Eligibility

At I.l.a. Local 1235, we believe that everyone deserves a chance to be part of a caring community. Joining us is simple and rewarding! If you live, work, or worship in the area around 327 Milltown Rd Springfield Nj 07081, you may be eligible for membership. We welcome individuals from various backgrounds and professions, making it easy for you to connect with us. Plus, being a member means you'll have access to a variety of financial services designed to help you thrive, whether it's savings accounts, loans, or personalized advice. To learn more about the eligibility requirements and see if you're a fit, check out our detailed guidelines at http://www.ila1235fcu.com/memberapp.php . Once you're ready to open an account, the process is straightforward. You can start your journey with just a few clicks by visiting https://www.realtimehomebanking.com/enroll.aspx ?clientid=23807 or give us a call at (973) 344-8660 if you have any questions. We're here to help you every step of the way!

Business Banking & Commercial Services

Loan Options That Fuel Growth

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.

Merchant Services for Everyday Needs

In addition to loans, we offer merchant services that simplify payment processing for your business. Imagine being able to accept payments seamlessly, whether online or in-person. Our services ensure you can focus on what matters most growing your business. From credit card processing to reporting tools, we equip you with everything needed to thrive in today's competitive market. Located at 327 Milltown Rd, Springfield, NJ 07081, our team is ready to assist you with personalized service tailored to your business goals. Call us at 973-344-8660 during our lobby hours from 9:00 AM to 3:00 PM, Monday through Friday. Let us help you take your business further!

Comprehensive List Of Services

Auto Loans & Vehicle Financing

If you're dreaming of a new car, our Auto Loans & Vehicle Financing can turn that dream into reality. We understand that buying a vehicle is a significant decision, which is why we provide competitive rates and flexible terms tailored to fit your budget.

Business Banking

If you're a business owner, our Business Banking services include merchant services and business loans that can help your company thrive. We aim to be a partner in your success by providing the financial tools necessary for growth.

Credit Cards with Rewards

With our Credit Cards with Rewards, every purchase can earn you points towards exciting rewards. Whether it's cash back or travel perks, using our card for everyday expenses can lead to great benefits down the line.

Mortgage Loans & Refinancing

For those looking to purchase a home or refinance their current mortgage, our Mortgage Loans offer the support you need. We guide you through the process, ensuring you understand each step as you secure your future in a new home.

Online & Mobile Banking

In today's fast-paced world, having access to banking at your fingertips is crucial. Our Online & Mobile Banking services let you manage your accounts from anywhere at any time. You can check balances, transfer funds, and even pay bills all from the comfort of your own home or on the go. We also offer ATM and cash withdrawal services for those who prefer traditional banking methods. At I.l.a. Local 1235, we strive to make banking straightforward and accessible for everyone in our community. If you have questions about any of our services or would like to get started today, don't hesitate to reach out! Call us at (973) 344-8660 or visit us during our lobby hours from 9:00 AM to 3:00 PM on weekdays. Join us on this journey toward financial well-being!

Personal Banking

Whether you're starting your journey with us or looking to switch banks, we offer Personal Banking options that include checking and savings accounts. Imagine having a checking account that gives you easy access to your funds, along with savings accounts that help you grow your money over time. With us, managing your finances becomes simpler.

Personal Loans & Debt Consolidation

Sometimes life throws unexpected expenses your way. Our Personal Loans are designed to help you cover those costs without stress. Additionally, if you're struggling with multiple debts, our debt consolidation options can simplify your payments into one manageable monthly amount.

Digital & Online Banking

E-Statements and Electronic Signature Authorization

Say goodbye to paper clutter! Our e-statements feature lets you receive your account statements electronically, making it easy to keep track of your finances while being eco-friendly. Plus, with electronic signature authorization available, you can complete transactions quickly without the hassle of printing and mailing documents. At I.l.a. Local 1235, we're committed to offering services that not only enhance your banking experience but also prioritize security and convenience. Visit us today at https://www.ila1235fcu.com/ to learn more about how our digital banking solutions can help streamline your financial life!

Key Features

Our online banking services provide you with 24/7 access to your accounts, allowing you to check balances, transfer funds, and pay bills anytime, anywhere. Whether you're at home or on the go, you'll have real-time control over your financial matters. For those who prefer a more hands-on approach, our mobile application makes banking even more accessible. You can download the app to enjoy easy navigation right from your smartphone. While we currently don't support mobile payments or person-to-person transfers, our platform is designed with security in mind. You can trust that your information is safe with us.

Financial Strength

Commitment to Growth

With $706,620 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Additionally, our lending capacity supports members' financial goals across various sectors with $4,372,470 in total loans and leases, including 50 used auto loans.

Growing Trust

Total Share and Deposit Accounts stand at 717, showing a strong and growing member base that trusts us with their finances. This trust allows us to focus on meeting your needs effectively. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, I.l.a. Local 1235 is your trusted partner. Visit us at 327 Milltown Rd Springfield Nj 07081 or call 973-344-8660 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings Options

Members' savings are secured through $61,043 in share certificates, 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 is reflected in our performance; despite facing challenges with a net income of -$3,769, we are committed to improving our services for you. We also take pride in having 2 full-time employees who are dedicated to serving you with a knowledgeable and committed team.

Strong Financial Position

With a net worth of $935,642, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 1364 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 $1,173,940 in used vehicle loans and $1,047,749 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new model or a reliable used vehicle, we have flexible terms that can accommodate your budget.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. Although we currently do not have Junior Lien 1-4 Family Residential Property loans available at this time, we encourage you to stay tuned for future offerings as we aim to expand our services.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans. While we currently have no outstanding amounts in this category, our commitment is to provide accessible credit solutions when they become available. If you're interested in exploring refinancing options or want to check your eligibility for any of our products, please visit our website or call us at 973-344-8660. We are here to assist you through every step of the process. For more information about our services and loan offerings, feel free to visit us at 327 Milltown Rd, Springfield NJ 07081, or check out our website: Ila Local 1235. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Join us today and take the next step towards achieving your financial dreams!

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I.L.A. LOCAL 1235 FEDERAL CREDIT UNION