Members Plus Credit Union Norwood MA | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Members Plus, your trusted financial partner located at 111 Lenox St, Norwood, MA 02062. Since our establishment in 1940, we have dedicated ourselves to serving the community and fostering a culture of trust and support among our 13,808 members. Our mission is simple: to provide personalized banking solutions that empower you to achieve your financial goals. At Members Plus, we take pride in our robust financial standing, with total assets amounting to an impressive $325,658,438. Our commitment to our members is evident through our competitive offerings, which include a variety of loan options over 6,343 loans and leases currently available and attractive deposit accounts holding more than $20,405,595. Our net worth stands strong at $39,958,930, reflecting our dedication to responsible management and growth. Whether you're looking for auto loans, personal financing, or business banking services, we've got you covered with a wide range of products tailored to meet your needs. Our team of 50 dedicated employees is here to assist you every step of the way. Under the leadership of CEO John Murphy and Board President Craig Pinkham, we strive to create a welcoming environment where all members feel valued and supported. While you can visit us at our branch location for all your banking needs, please note that official correspondence should be sent to our mailing address: 111 LENOX ST, NORWOOD, MA 2062. We invite you to explore what Members Plus has to offer. Visit our website at memberspluscu.org or give us a call at 781-702-5969. Join us in making your financial journey smooth and successful!

Branch History & Mission

Welcome to Members Plus, a credit union that has been proudly serving the community since 1940. Located at 111 Lenox St, Norwood, MA 02062, our branch has deep roots in this vibrant town. As we celebrate over 80 years of service, we take pride in our legacy of growth and commitment to our members. From our humble beginnings, Members Plus has evolved into a trusted financial partner for over 13,800 members. Our total assets have grown to an impressive $325,658,438, reflecting our dedication to providing valuable services and support to the local community. Throughout the years, we've adapted to meet the changing needs of our members while maintaining our core mission: to improve the financial well-being of those we serve. Our mission is simple yet profound. At Members Plus, we strive not only to offer competitive financial products such as personal banking, auto loans, mortgage loans, and credit cards with rewards but also to create a supportive environment where every member feels valued and understood. We believe that financial success is about more than just numbers; it's about building lasting relationships and empowering individuals and families in their financial journeys. While members can visit us at our branch address, official correspondence should be sent to our mailing address: 111 LENOX ST, NORWOOD, MA 2062. This ensures seamless communication as we continue to grow and serve you better. We are committed to making banking accessible for everyone. Our operating hours are designed with your convenience in mind Monday through Wednesday and Friday from 9 AM to 5 PM, Thursday until 6 PM, and Saturday from 9 AM to noon. Additionally, we offer ATM services for quick cash access and shared service center options for even more convenience. As part of our commitment to enhancing your experience with us, we've embraced digital advancements like online banking and mobile payments. These tools allow you to manage your finances anytime and anywhere while ensuring that you receive top-notch customer service when you need it. Members Plus actively engages with the Norwood community through partnerships and outreach efforts that strengthen local ties. We're proud supporters of various initiatives aimed at improving lives within our neighborhoods. Join us at Members Plus today! Experience firsthand how we can help you achieve your financial goals while being part of a community-focused institution that truly cares about its members. For more information or assistance, feel free to reach out at 781-702-5969 or visit us online at memberspluscu.org. We look forward to welcoming you!

Branch Location & Accessibility

Welcome to Members Plus, your friendly neighborhood credit union located at 111 Lenox St, Norwood, MA 02062. Our branch is conveniently situated near local landmarks, making it easy for you to stop by while running errands or enjoying a day out in Norwood. With ample parking available and accessible features like ramps for those with mobility needs, we strive to make your visit as comfortable as possible. While you can find us at this location for all your banking needs, please note that official correspondence should be sent to our mailing address at 111 LENOX ST, NORWOOD, MA 2062. At Members Plus, we know how important it is for our members to have flexible banking hours. That's why we're open Monday through Wednesday from 9 AM to 4 PM, Thursday from 9 AM to 6 PM, Friday from 9 AM to 5 PM, and Saturday from 9 AM to noon. Whether you need assistance with personal banking services like checking and savings accounts or are looking into auto loans and mortgage options, our team is ready to help. For your convenience, we also offer ATM services right here at the branch. Unfortunately, we do not have drive-thru banking available; however, our friendly staff is always on hand to assist you in person. If you're a member of a partner credit union, feel free to take advantage of our shared service center for basic transactions like deposits and withdrawals. Have questions? Give us a call at 781-702-5969. We can't wait to welcome you into the Members Plus family!

Member Eligibility

Becoming a member of Members Plus is like joining a family that truly cares about your financial well-being. We believe everyone deserves access to great financial services, and our membership is open to those who live, work, or worship in the local area. If you're interested in joining us, simply check out the eligibility details at http://memberspluscu.org/apply/membership/. It's straightforward! Once you confirm your eligibility, opening an account is a breeze. You can find all the information you need on how to get started by visiting https://www.memberspluscu.org/lending/#outline-panel-1. If you have any questions or need assistance, feel free to reach out at (781) 702-5969. We can't wait to welcome you into our community at 111 Lenox St Norwood Ma 02062!

Business Banking & Commercial Services

Streamlined Merchant Services

In addition to loans, we offer essential merchant services designed to simplify everyday transactions. Imagine seamlessly processing payments from customers while focusing on what you do best growing your business. Our services ensure that you can accept various payment methods easily, giving your customers more choices and improving their overall experience. Located at 111 Lenox St Norwood Ma 02062 in Norwood, MA, we are here to support your business every step of the way. Visit us or contact us at (781) 702-5969 to learn more about how our tailored banking solutions can help your business thrive!

Supporting Business Growth Through Loans

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.

Comprehensive List Of Services

ATM & Shared Branching Services

Need cash on the go? Our ATM & Cash Withdrawal Services make it easy to access funds when you need them most. Plus, as part of our commitment to community banking, we offer basic shared branch transactions for partner credit union members so everyone can enjoy hassle-free banking.

Business Banking

For our business members, we have tailored solutions like Merchant Services & Business Loans that support your entrepreneurial journey. Whether you're starting a new venture or expanding an existing one, we're here to assist you every step of the way.

Convenient Digital Banking

In today's fast-paced world, convenience is key. That's why we've invested in robust Online & Mobile Banking features that allow you to manage your accounts anytime, anywhere. With easy access to account balances, transaction history, and more through our mobile app or online portal, banking has never been simpler.

Credit Options

When unexpected expenses arise, our Personal Loans & Debt Consolidation services can help ease financial stress. These loans are structured to fit your budget and goals. We also offer Credit Cards with Rewards, giving you the chance to earn points for everyday purchases while enjoying low rates.

Personal Banking Solutions

We understand that managing personal finances can sometimes be overwhelming. That's why we offer Checking & Savings Accounts that help you easily keep track of your money. With competitive rates and user-friendly features, these accounts are perfect for both budgeting and saving. If you have plans for a new vehicle, our Auto Loans & Vehicle Financing options provide flexible terms and competitive rates, ensuring you can drive away with the car you want. For those looking to buy a home or refinance an existing mortgage, our Mortgage Loans & Refinancing services offer personalized solutions tailored to your situation.

Ready to Get Started?

If you're interested in exploring any of these services further or have questions about how we can support your financial journey at Members Plus, don't hesitate to reach out! You can call us at 781-702-5969, visit us at 111 Lenox St Norwood Ma 02062, or check out our website at memberspluscu.org. We look forward to serving you!

Digital & Online Banking

Convenient Transactions

Need to send money to a friend or family member? Our person-to-person transfers make it simple to send and receive money instantly without any hassle. This feature is perfect for splitting bills or sending gifts. At Members Plus, we believe that managing your finances should be straightforward and efficient. Our commitment to providing accessible and secure online banking services means you can focus on what truly matters your life! Whether you're at home or out and about, experience the freedom of managing your finances on your terms with us today.

Key Features

Our 24/7 online banking services ensure that you can access your account whenever you need to, whether it's checking your balance, transferring funds, or paying bills. For those who prefer mobile banking, our mobile application gives you the freedom to handle your finances on the go. Plus, with mobile payments, making purchases right from your phone has never been easier or more secure. We also prioritize your safety with features like electronic signature authorization, allowing you to sign documents digitally while ensuring your information remains protected. Additionally, if you prefer to keep track of your statements electronically, we provide e-statements for quick and easy access to your financial history.

Financial Strength

Member Savings and Investments

Members' savings are secured through $64,380,362 in share certificates and $27,119,853 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 $-$474,704 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 46 full-time employees and 4 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Our Financial Health

With a net worth of $39,958,930, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 12.27% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Reinvesting for Growth

With $29,018,248 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 $951 in used auto loans and $188,277,740 in total loans and leases.

Strong Community Presence

Total Share and Deposit Accounts: 27,852, showing a strong and growing member base that trusts us with their finances. With net shares available for lending and investments totaling $845,015, we have the resources needed to support your financial journey. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Members Plus is your trusted partner. Visit us at 111 Lenox St Norwood Ma 02062 or call (781) 702-5969 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $13,951,161 in used vehicle loans and $9,563,599 in new vehicle loans already helping members get on the road. We also provide refinancing options for those who want to lower their monthly payments or pay off their existing loans faster.

Credit Lines

For those needing extra flexibility in managing cash flow or unexpected expenses, our credit lines amounting to $115,947,474 provide easy access to funds when you need them most. You can reach us at 781-702-5969 for any questions or to start your application process. We're here during our lobby hours: Monday through Wednesday from 9 AM to 4 PM; Thursday from 9 AM to 6 PM; Friday from 9 AM to 5 PM; and Saturday from 9 AM to 12 PM. 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 our lending options today by visiting our website or check out more details about eligibility here. Your journey towards smarter financial decisions starts here!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $29,188,949, make buying or refinancing simple. If you're considering refinancing your current mortgage for better terms or rates, our team can guide you through eligibility options tailored to your situation.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $2,199,373 in loans helping members manage their finances effectively. These cards come with competitive rates and rewards that can benefit your everyday spending.

Loan Aggregator

Benefits of Using LendMesh

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Ensuring Accurate Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov), ensuring fair and transparent offers. This commitment to accuracy means that users can trust the information they receive when comparing loan options.

MEMBERS PLUS CREDIT UNION - Norwood, MA

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