Lennox Employees Credit Union Marshalltown IA | Best Auto Loans & Business Banking

Introduction

At Lennox Employees Credit Union, we pride ourselves on being more than just a financial institution; we are a trusted partner in your financial journey. Established in 1948, our commitment to serving the community of Marshalltown, IA has only grown stronger over the years. With a dedicated membership of 6,526 individuals and total assets exceeding $66,460,399, we provide a wide array of services tailored to meet your personal and business banking needs. Located at 1004 E Main St, we invite you to visit us for all your banking requirements. If you need to send official correspondence, please use our mailing address: 1004 E. Main St., Marshalltown, IA 50158-2136. Our friendly staff is here to assist you from 8:30 AM to 5:00 PM Monday through Thursday and until 5:30 PM on Fridays. With total deposits reaching $4,957,902 and an impressive net worth of $6,207,955, we are well-equipped to support our members with various loan options, including auto loans and mortgages. Currently managing 3,053 loans, our credit union stands as a pillar of financial stability in the community. Under the leadership of CEO Carl Mundth and Board President Travis Keeler, we strive to create a welcoming environment that fosters growth and empowerment for every member. Whether you're looking to open a checking account or seeking financing for your next vehicle, we're here to help every step of the way. Explore our services online at lennoxecu.com or give us a call at 641-754-4501 to learn more about how we can help you achieve your financial goals. Together, let's build a brighter future!

Branch History & Mission

Welcome to Lennox Employees Credit Union, a cornerstone of financial support and community service in Marshalltown, IA. Since opening our doors in 1948, we have built a rich legacy of helping members achieve their financial goals. Our branch, located at 1004 E Main St, Marshalltown, IA 50158, has become a trusted partner for over 6,500 members who turn to us for personal banking services, auto loans, and more. Our journey began with a simple mission: to serve the employees of Lennox Industries and their families. As we grew, so did our commitment to the broader community. We now offer a full range of services including checking and savings accounts, mortgage loans, personal loans, credit cards with rewards, and business banking solutions. Our total assets have reached an impressive $66,460,399 as we continue to expand our offerings while maintaining our focus on member satisfaction. At Lennox Employees Credit Union, we believe in putting people first. Our mission is not just about providing financial services; it's about making a meaningful impact in the lives of our members. We strive to empower individuals and families by fostering financial literacy and offering personalized support tailored to their unique needs. We are dedicated to ensuring that every member feels valued and understood. To enhance accessibility for all members, we provide features like ADA-compliant facilities and online banking options. Our commitment to innovation is reflected in our digital advancements such as mobile applications for easy account management and e-statements that help reduce paper waste. We also recognize the importance of community outreach. Throughout the years, we have partnered with local organizations to support various initiatives aimed at improving the quality of life in Marshalltown. Whether it's sponsoring events or contributing to local charities, our aim is always to give back and strengthen the ties that bind us together. For those looking for convenience, we offer ATM availability and drive-thru banking services during extended hours 8:30 AM to 5:00 PM from Monday through Thursday and until 5:30 PM on Fridays making it easier than ever for you to manage your finances on your schedule. While members can visit us at our branch address for any inquiries or transactions, official correspondence should be sent to our mailing address at 1004 E. Main St., Marshalltown, IA 50158-2136. Join us at Lennox Employees Credit Union today! Experience firsthand how our focus on community support and member satisfaction can help you achieve your financial dreams. Call us at 641-754-4501 or visit our website for more information about membership eligibility and services offered. Together, let's build a brighter future!

Branch Location & Accessibility

Convenient Access

We pride ourselves on our welcoming atmosphere and accessibility features. Our branch is ADA compliant, ensuring everyone can enjoy our services with ease. Parking is ample, so you won't have to worry about finding a spot when you visit. Plus, with a drive-thru banking option available, your banking needs can be met without leaving your vehicle.

Operating Hours

At Lennox Employees Credit Union, we understand that life can be busy. That's why we offer flexible operating hours to fit your schedule. Our lobby is open from 8:30 AM to 5:00 PM Monday through Thursday, and until 5:30 PM on Friday, with the drive-up service starting even earlier at 8:00 AM. Whether you're stopping by before work or during lunch, we're here for you.

Services Offered

From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we provide a comprehensive range of services tailored to meet your financial needs. You can also take advantage of our ATM services for quick cash withdrawals or balance checks right outside our doors. While members can visit us at 1004 E Main St, official correspondence should be sent to the same address for consistency. If you have any questions or need assistance, don't hesitate to give us a call at 641-754-4501. We invite you to come by and discover how we can support your financial journey today!

Member Eligibility

At Lennox Employees, we believe that becoming a member is like joining a caring family that supports you in your financial journey. If you're looking to be part of our community, the good news is that eligibility is quite inclusive! To become a member, you simply need to be an employee or a retiree of Lennox Industries or a family member of someone who qualifies. This means that whether you're just starting out or have years of experience, there's a place for you here. Joining us offers numerous advantages, including access to personal banking services, competitive loan rates, and the ability to engage with a team that genuinely cares about your financial well-being. The process to open an account is straightforward just visit us at 1004 E Main St Marshalltown Ia 50158 or give us a call at (641) 754-4501 for more information. You can also check out the detailed eligibility criteria at http://www.lennoxecu.com/accounts/membership. We can't wait to welcome you into our community!

Business Banking & Commercial Services

Merchant Services That Make Life Easier

Managing payments shouldn't be a hassle. Our merchant services offer straightforward solutions that help you accept payments easily, allowing you to focus on what matters most growing your business. Whether you're processing transactions in-store or online, our reliable systems ensure smooth operations. Located at 1004 E Main St Marshalltown Ia 50158 in Marshalltown, IA, we invite you to explore how Lennox Employees can partner with you on your journey to success. For more information, call us at (641) 754-4501 or visit our website at https://www.lennoxecu.com.

Tailored Commercial Loans

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $9 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $1,568,752, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Business Banking

If you're a business owner, we understand that managing finances can be complex. Our business banking services include merchant services and business loans, designed to support your growth and success. We are here to partner with you as you navigate the financial landscape of running a business.

Credit Cards & Rewards

For everyday purchases, our credit cards come with rewards that make spending more rewarding. Enjoy benefits that fit your lifestyle while building your credit history.

Drive-Thru & ATM Services

Need to make a quick transaction? Our drive-thru banking offers basic services such as deposits and withdrawals without leaving your car. Additionally, our ATMs provide easy access for cash withdrawals and balance inquiries. At Lennox Employees, we pride ourselves on being more than just a financial institution; we are a community partner committed to helping our members achieve their goals. With friendly staff ready to assist you and flexible service hours Monday through Friday from 8:30 AM to 5:00 PM (and until 5:30 PM on Fridays at the drive-thru) we're always here when you need us. Ready to take the next step in your financial journey? Contact us today at (641) 754-4501 or visit our website at https://www.lennoxecu.com for more information about how we can assist you!

Online & Mobile Banking

In today's fast-paced world, convenience is key. That's why Lennox Employees offers robust online and mobile banking platforms. You can easily access your accounts, make transactions, and monitor your finances from anywhere at any time. Our ATM services allow for hassle-free cash withdrawals and balance checks whenever you need them.

Personal Banking

Our personal banking options are tailored to help you manage your finances effectively. Whether you're looking to open a checking or savings account, or need assistance with auto loans and vehicle financing, we've got you covered. For those considering home ownership, our mortgage loans and refinancing services can help you secure the best rates for your dream home. Plus, if you're facing challenges with debt, our personal loans and debt consolidation options provide flexible solutions to get back on track.

Digital & Online Banking

Accessible Online Banking

With our 24/7 online banking services available at https://www.lennoxecu.com, you can check your balance, transfer funds, and manage your accounts from the comfort of your home or on the go. No more waiting in line at the branch; everything you need is just a few clicks away.

Mobile Banking Made Easy

For those who prefer using smartphones, our mobile application offers all the features you need right at your fingertips. From checking balances to managing payments, our app is user-friendly and designed for your convenience. Although we currently do not offer mobile payment options or person-to-person transfers, we continue to enhance our services based on member feedback. At Lennox Employees, we're committed to making banking easier for you. Whether you're at home or out and about, our digital banking solutions put you in control of your finances whenever you need it. Join us today and experience the convenience of modern banking!

Security You Can Trust

Your security is our priority. We provide electronic signature authorization, ensuring that your transactions are safe and secure. You can rest easy knowing that your sensitive information is protected as you navigate through our digital platforms.

Stay Updated with E-Statements

Gone are the days of paper clutter! With e-statements available, you can easily view and download your financial statements whenever you need them. This not only helps you stay organized but also contributes to a greener environment by reducing paper waste.

Financial Strength

A Growing Community

The trust placed in us is evident as we proudly report a total of 11,664 share and deposit accounts. This shows 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, Lennox Employees is your trusted partner. Visit us at 1004 E Main St Marshalltown Ia 50158 or call (641) 754-4501 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.*

Investment in Your Future

With $0 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 members' financial goals with $1,268 in used auto loans and $38,914,579 in total loans and leases.

Member-Centric Savings

Members' savings are secured through $20,377,995 in share certificates and $8,429,533 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 $-$40,560 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 12 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Solid Financial Health

With a net worth of $6,207,955, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 9.34% 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 $19,537,940 in used vehicle loans and $9,318,710 in new vehicle loans already helping members get on the road. We provide flexible terms tailored to fit your budget, making it easier than ever to drive home in your ideal vehicle.

Business Financing

For business owners, our outstanding commercial loans totaling $1,568,752 provide the capital needed to grow and expand. We recognize the unique challenges businesses face and are here to support your entrepreneurial journey with tailored financing solutions.

Credit Lines

In addition to traditional loans, we have credit line options available totaling $4,448,000, providing you with access to funds when you need them most. This flexibility allows you to manage unexpected expenses or take advantage of opportunities as they arise. At Lennox Employees, we believe in empowering our members through accessible financial solutions. If you're considering refinancing or exploring eligibility options, our knowledgeable staff is here to assist you every step of the way. For more information about our loan products or to discuss how we can help you reach your financial goals, please call us at (641) 754-4501 or visit us at 1004 E Main St Marshalltown Ia 50158 in Marshalltown, IA. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. We look forward to helping you secure the financing you need!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $3,900,926, make buying or refinancing simple. We offer competitive interest rates and personalized service to guide you through the process from start to finish.

Unsecured Credit Card Loans

For those looking for more flexibility in managing their finances, we also offer unsecured credit card loans. With a total of $609,280 in loans helping members effectively manage their spending, our credit card options come with rewards and benefits designed to suit your lifestyle.

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LENNOX EMPLOYEES CREDIT UNION - Marshalltown, IA

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