Branch History & Mission
Welcome to the Jamestown Area Community, located at 1 E Main St in beautiful Panama, NY. Since our founding in 1940, we have been dedicated to serving our members and the community with a strong commitment to financial growth and support. With a rich history spanning over eight decades, we have evolved alongside our members, ensuring that we provide the services they need to thrive. From our humble beginnings, we have grown to welcome over 6,286 members and manage total assets of approximately $78,723,744. This growth reflects not only our dedication to outstanding service but also the trust placed in us by the community we serve. Our mission is clear: we strive to empower individuals and families through accessible financial services while fostering a spirit of cooperation and community support. At Jamestown Area Community, we believe that banking should be personal. Our team is here to guide you through various offerings such as checking and savings accounts, auto loans, mortgages, personal loans, and credit cards with rewards. We also prioritize digital advancements by providing online banking and mobile payment options for your convenience. While members can visit us at 1 E Main St Panama NY 14767 for all their banking needs, official correspondence should be sent to the same address. We are committed to ensuring that every visit is welcoming and accessible; therefore, our branch complies with ADA standards for all members. In addition to traditional banking services, we actively engage in community outreach initiatives. Partnering with local organizations allows us to give back and make a positive impact on those around us. Our drive-thru service may not be available currently, but we do offer ATM access for quick cash withdrawals. As you explore what Jamestown Area Community has to offer, remember that we're more than just a credit union; we're a part of your community's fabric. Whether you're looking for your first loan or seeking advice on financial management, our knowledgeable staff is ready to assist you. Join us today and experience firsthand the benefits of being a member of Jamestown Area Community! For any questions or assistance, feel free to call us at 716-782-2336 during our operating hours from Monday through Friday between 8:30 AM and 4:00 PM. Together, let's build a brighter financial future!
Financial Strength
At Jamestown Area Community, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud of our strong financial foundation, which is designed to support you and your financial goals. With a net worth of $7,112,268, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 903 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' 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 $1,894,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $6,480,368 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals across various sectors with $9,820 in used auto loans and $46,791,269 in total loans and leases. Our operational efficiency is reflected in our $0 net income, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 19 full-time employees and 3 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Total Share Accounts stand at 12,002, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Jamestown Area Community is your trusted partner. Visit us at 1 E Main St Panama Ny 14767 or call 716-782-2336 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.
