Lowell Municipal Employees CU Lowell MA | Best Auto Loans & Business Banking

Introduction

At Lowell Municipal Employees, we believe that strong communities are built on trust and support. Located at 375 Merrimack St, Lowell, MA 01852, our credit union has been a steadfast partner for local residents since 1937. As a member-focused institution, we pride ourselves on providing tailored financial solutions to over 1,270 members who count on us for their personal and business banking needs. With total assets of $7,605,877 and deposits reaching $1,485,084, we ensure that your money is not only safe but also working hard for you. Our commitment to responsible lending is reflected in our diverse portfolio of loans currently totaling 524 active loans and leases designed to help you achieve your financial goals. Led by our dedicated CEO, Joseph Schiappa, and Board President, Matt Sandelli, our team of 3 employees is passionate about delivering exceptional service. We understand the importance of being available when you need us most; that's why we offer flexible hours from Monday to Friday between 8:30 a.m. and 4:00 p.m. While members can visit us at our branch for friendly assistance, official correspondence should be sent to the same address: 375 Merrimack St, Lowell, MA 01852-5909. For any inquiries or to learn more about how we can assist you with checking accounts, auto loans, mortgages, or personal loans, don't hesitate to reach out at 978-970-4088. Join us in fostering a thriving community where everyone can achieve their financial aspirations. Visit our website at Lowell Municipal Employees today to explore the various services we offer!

Branch History & Mission

Looking Ahead

As technology evolves, so do we. Though we currently do not offer ATM or drive-thru services, we provide robust online banking options that allow members to manage their accounts conveniently from anywhere. Our commitment to accessibility includes ensuring ADA compliance throughout our facilities. Our operating hours are designed with you in mind open Monday through Tuesday and Thursday through Friday from 8:30 a.m. to 4:00 p.m., we're here when you need us most. Join us at Lowell Municipal Employees Credit Union and experience firsthand how we can help you achieve your financial goals while becoming part of a caring community. Together, let's build a brighter future! For more information or assistance, feel free to call us at (978) 970-4088 or visit us online at Lowell Municipal Employees.

Our Journey

From our humble beginnings, Lowell Municipal Employees has evolved significantly. Initially founded to serve municipal employees, we quickly recognized the need for accessible financial services in our community. Over the decades, we have expanded our offerings to include personal banking, auto loans, mortgage loans, and business banking solutions. With total assets now amounting to $7,605,877, we have grown alongside our members, adapting to their needs while maintaining a personal touch. While members can visit us at 375 Merrimack St Lowell Ma 01852, official correspondence should be sent to 375 Merrimack St, Lowell, MA 01852-5909. We want everyone to feel welcome in our space and ensure they receive the support they need.

Our Mission

At the heart of our credit union lies our mission: to empower individuals and families through financial education and support. We believe that everyone deserves access to quality financial services that foster economic well-being. Our dedicated team is committed to providing personalized service tailored to each member's unique circumstances. We pride ourselves on being more than just a financial institution; we are an active part of the Lowell community. Through partnerships with local organizations and outreach programs, we strive to uplift those around us. Whether it's hosting financial literacy workshops or participating in community events, we aim to make a positive impact beyond banking.

Branch Location & Accessibility

Convenient Access

At Lowell Municipal Employees, we prioritize convenience and accessibility. Our location features ample parking and is designed to be ADA compliant, ensuring that everyone can access our services with ease. Although we currently do not offer ATM or drive-thru services, our lobby hours are invitingly set from 8:30 a.m. to 4:00 p.m. on Mondays, Tuesdays, Thursdays, and Fridays. We encourage you to visit during these times to experience personalized service tailored just for you.

Get in Touch

If you have questions or need assistance, don't hesitate to reach out! You can contact us at 978-970-4088. We look forward to welcoming you to the Lowell Municipal Employees branch soon where your financial journey begins!

Services Tailored for You

Our branch offers a variety of personal banking options including checking and savings accounts, auto loans and vehicle financing, mortgage loans and refinancing solutions, as well as credit cards with rewards. For those looking for business banking options, we provide merchant services and business loans as well. With online and mobile banking available, managing your finances has never been easier!

Member Eligibility

At Lowell Municipal Employees, we believe that becoming a member is like joining a close-knit family that supports one another. If you're looking to be part of our community, you'll find it's quite simple! Membership is open to individuals who work for or are retirees of the City of Lowell and certain affiliated organizations. This means if you're an employee, volunteer, or even a family member of someone who fits this description, you're warmly invited to join us! Being a member at Lowell Municipal Employees offers you access to friendly service, competitive rates on loans, and a variety of financial products tailored to meet your needs. To explore the specific eligibility criteria in detail, feel free to visit our website at https://www.lmefcu.net/?page_id=3176 . If you have any questions or need assistance with the application process, don't hesitate to reach out to us at (978) 970-4088. We're excited to welcome you into our community!

Business Banking & Commercial Services

Business Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs. While we currently have no member or non-member commercial loans funded, we aim to provide financing solutions tailored for you when the opportunity arises. We look forward to helping local businesses thrive in Lowell, MA.

Merchant Services

Running a business means juggling many responsibilities, but managing payments shouldn't be one of them. Our merchant services simplify transactions, allowing you to focus on what matters most: growing your business. Imagine accepting payments effortlessly from customers while providing them with the convenience they expect. When you're ready to take the next step, reach out to us at (978) 970-4088 or visit us at 375 Merrimack St Lowell Ma 01852. Let's work together to build a stronger future for your business!

Comprehensive List Of Services

Additional Services

Beyond these offerings, we also provide essential ATM and cash withdrawal services so you can access your funds when needed. At Lowell Municipal Employees, we believe in making banking accessible and straightforward for everyone. If you're ready to take the next step towards better financial management or want more information about any of our services, don't hesitate to reach out! Give us a call at (978) 970-4088 or visit us online at City Hall. Your journey towards financial wellness starts here!

Business Banking Support

If you're a small business owner, we haven't forgotten about you! Our business banking services, including merchant services and business loans, are crafted to help your venture thrive. From processing payments smoothly to securing funding for expansion, we're here as your trusted partner.

Convenient Digital Banking

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking options, allowing you to manage your accounts anytime, anywhere. Whether it's checking balances or transferring funds on the go, you'll find our platform user-friendly and efficient.

Credit Cards with Rewards

For those who enjoy earning rewards on their purchases, our credit cards with rewards provide an excellent opportunity to earn points for everyday spending. Imagine treating yourself just by using your card for groceries or gas now that's rewarding!

Managing Debt

Sometimes life throws unexpected challenges our way, leading us to seek additional support. Our personal loans and debt consolidation solutions can help lighten that burden. You can consolidate multiple debts into one manageable payment, making it easier to regain control over your finances.

Personal Banking Solutions

Whether you're just starting out or looking to manage your finances more effectively, we have the right tools for you. Our checking and savings accounts offer flexible options that cater to all lifestyles. Imagine being able to easily track your spending and save for that dream vacation all while enjoying competitive interest rates. If you're considering purchasing a new car or need assistance with vehicle financing, our auto loans can make the process smooth and straightforward. Picture driving off in your new car without the stress of complicated financing options. And if you're looking to invest in a home, our mortgage loans and refinancing services are designed to guide you every step of the way, ensuring you understand your options.

Digital & Online Banking

Key Features

With just a few clicks at https://www.lmefcu.net/ , you can take advantage of various features tailored to meet your needs. Whether you're checking your balance or transferring money, our user-friendly platform is here to make your banking experience smooth and efficient. Need to send money quickly? Our person-to-person transfer feature allows you to send funds directly to friends or family with ease. No need for cash or checks just a few taps, and the money is on its way!

Security and Accessibility

We prioritize your security as much as convenience. While we do not currently offer electronic signature authorization or e-statements, rest assured that all your information is protected with robust security measures. You can bank confidently knowing that your data is safe. Although we don't have mobile payments or a dedicated mobile application at this time, our website is optimized for mobile use, ensuring that you can access all essential services from your smartphone or tablet. At Lowell Municipal Employees, we're committed to making your banking experience as easy as possible. Explore our digital services today and see how we can help simplify your financial life!

Financial Strength

A Growing Community

Total Share and Deposit Accounts: 1,514, showing a strong and growing member base that trusts us with their finances. This growth indicates not only the confidence that our members have placed in us but also reflects our dedication 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, Lowell Municipal Employees is your trusted partner. Visit us at 375 Merrimack St Lowell Ma 01852 or call (978) 970-4088 to learn more about how we can help you achieve your financial goals.

Committed to Growth

With $539,289 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 $165 in used auto loans and $5,499,312 in total loans and leases. Our operational efficiency is reflected in our $61,690, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 1 full-time employees and 2 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Member-Focused Savings

Members' savings are secured through $474,221 in share certificates and $600,860 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $746,113, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Solid Financial Health

With a net worth of $600,979, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $790 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 $2,298,484 in used vehicle loans and $1,714,667 in new vehicle loans already helping members get on the road. We provide flexible terms that make it easier for you to drive away with the vehicle you want.

Credit Lines and Personal Financing

For those needing extra flexibility, we offer credit lines totaling $150,000. This can help bridge gaps in financing when unexpected expenses arise or when managing day-to-day costs.

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 Properties loans available totaling $0, we encourage you to check back for updates or explore our refinancing options if you're considering making changes to your existing mortgage.

Unsecured Credit Card Loans

We also provide flexible terms on unsecured credit card loans, although currently there is a total of $0 in these loans. This means you can keep your finances manageable without tying up valuable assets as collateral. At Lowell Municipal Employees, we're committed to helping our members navigate their financing needs with ease and transparency. If you're interested in learning more about our loan offerings or checking your eligibility for any of our products, don't hesitate to reach out to us at 978-970-4088 or visit us at our branch located at 375 Merrimack St, Lowell, MA 01852. Your financial success is our priority!

Loan Aggregator

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LOWELL MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION