Mills42 Credit Union Lowell MA | Affordable Auto Loans & Business Banking

Introduction

Welcome to Mills42, your trusted credit union located at 83 Merrimack St, Lowell, MA 01852. Since our establishment in 1958, we've been dedicated to serving our community with the financial tools and resources you need to thrive. With a strong membership base of 2,964 members and total assets amounting to an impressive $27,564,260, we pride ourselves on being a cornerstone of support for families and businesses alike. At Mills42, we understand that every financial journey is unique. That's why we offer a range of services tailored to meet your needs whether you're looking for personal banking options like checking and savings accounts, or financing solutions such as auto loans and mortgages. Our commitment to excellence is reflected in our robust portfolio of over 1,581 loans and leases, ensuring that our members have access to the funds they require. Our leadership team is passionate about fostering a welcoming environment. Under the guidance of CEO Derek Cronin and Board President Amy Fellows, we continually strive to enhance our services while maintaining our core values of trust and community focus. With a total net worth of $3,274,568 and cash reserves of $300,408, you can rest assured that your finances are in capable hands. While members can visit us at our branch location, official correspondence should be sent to the same address: 83 Merrimack St, Lowell, MA 1852. If you have any questions or need assistance, please don't hesitate to reach out to us at 978-328-5100. Join us at Mills42 today and experience how we can help you achieve your financial goals with confidence! Visit our website at mills42fcu.com for more information about our services or to open an account online. We look forward to being part of your financial journey!

Branch History & Mission

Welcome to Mills42, a credit union that has been proudly serving the Lowell community since 1958. With over six decades of experience, we have built a legacy rooted in trust, integrity, and commitment to our members. Our branch is conveniently located at 83 Merrimack St, Lowell, MA 01852, making it easy for you to access our services. As you visit us, you'll find yourself near vibrant local businesses and community landmarks that reflect the spirit of our city. Since our inception, Mills42 has grown significantly. Today, we boast a total membership of nearly 3,000 individuals who rely on us for their financial needs. Our total assets have reached an impressive $27,564,260, showcasing our stability and ability to serve the community effectively. We believe that every member is part of our family, and this belief drives us to provide personalized financial services tailored to your unique circumstances. At Mills42, our mission is clear: we aim to empower our members by offering exceptional financial products and services while also giving back to the community we love. We provide a wide range of offerings including personal banking accounts, auto loans, mortgages, and credit cards with rewards. Moreover, we're dedicated to enhancing your banking experience with online and mobile banking options that are both secure and user-friendly. Our commitment goes beyond just numbers; we strive to make a positive impact in Lowell. We actively engage in partnerships with local organizations and participate in community outreach efforts that support various causes. Whether it's sponsoring local events or providing resources for those in need, Mills42 is here to uplift and strengthen our community. While members can visit us at 83 Merrimack St for in-person assistance during our operating hours Monday through Tuesday from 9 AM to 4 PM, Wednesday from 9 AM to 12 PM, Thursday and Friday from 9 AM to 7 PM we also offer convenient ATM services for quick transactions. Although we do not have drive-thru banking available or shared service centers nearby, we ensure that you can manage your finances easily through our mobile app and online banking platform. If you're looking for a place where your financial well-being matters as much as you do, we invite you to join Mills42 today! Experience the difference of being part of a supportive credit union that puts its members first. To learn more about becoming a member or opening an account with us, please visit our website or call us at 978-328-5100. Together, let's build a brighter financial future!

Branch Location & Accessibility

Welcome to Mills42, your friendly neighborhood credit union located at 83 Merrimack St in Lowell, MA! Our branch is easy to find and conveniently situated near local landmarks, making it a great spot for all your banking needs. Whether you're popping in to check your balance or looking for assistance with loans and accounts, we're here to help. At Mills42, we pride ourselves on accessibility. Our branch is designed with features that cater to everyone, including ADA-compliant ramps to ensure that all members can comfortably access our services. Plus, we offer ample parking for your convenience. We know your time is valuable, which is why we have set up flexible operating hours just for you. Visit us Monday and Tuesday from 9 AM to 4 PM, Wednesday from 9 AM to 12 PM, and Thursday through Friday from 9 AM to 7 PM. On Saturdays, we're open from 9 AM to 12 PM as well! If you prefer the convenience of banking on-the-go, our ATM is available for cash withdrawals and balance checks. While you can reach us at our physical location for all member services including checking and savings accounts, auto loans, mortgage loans, and more please note that official correspondence should be sent to the same address: 83 Merrimack St, Lowell, MA 01852. If you have any questions or need assistance, don't hesitate to give us a call at 978-328-5100. Our friendly team at Mills42 is eager to assist you with whatever you need. Come visit us today we look forward to serving you!

Member Eligibility

At Mills42, we believe that everyone deserves a chance to be part of a caring community that supports their financial goals. Becoming a member is simple and welcoming! If you're a resident of Lowell or nearby areas, you may qualify for membership. We're proud to serve individuals who share our commitment to building a better financial future together. For more detailed information on eligibility criteria, feel free to explore our website at https://www.mills42fcu.com/account/membership.html. Joining us is not just about opening an account; it's about becoming part of a family that values your needs and aspirations. Once you determine your eligibility, the account opening process is straightforward. You can easily sign up online through this link: https://nds.onlinecu.com/millsfcu/#/sign-up, or if you have any questions, don't hesitate to give us a call at (978) 328-5100. We look forward to welcoming you to Mills42 at 83 Merrimack St Lowell Ma 01852!

Business Banking & Commercial Services

Commercial Loan Options

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. Additionally, 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

Imagine running your business smoothly with reliable payment processing solutions. Our merchant services help you accept payments easily, allowing you to focus on what matters most growing your business. From point-of-sale systems to online payment options, we offer tools that make transactions simple and efficient. Located at 83 Merrimack St Lowell Ma 01852 in Lowell, MA, our team is ready to partner with you for your financial needs. Let us help turn your business vision into reality! For more information, give us a call at (978) 328-5100 or visit us online at Mills42 Fcu.

Comprehensive List Of Services

Convenient Digital Features

In today's fast-paced world, convenience is key. That's why at Mills42, we offer robust Online & Mobile Banking features. Accessing your accounts has never been simpler check balances, transfer funds, and pay bills right from your smartphone or computer. We also provide ATM & Cash Withdrawal Services, ensuring that cash is always within reach whenever you need it. With basic ATM access for withdrawals and balance checks, managing your finances on the go becomes effortless.

Credit Cards and Business Banking

And let's not forget about rewards! Our Credit Cards with Rewards give you benefits for everyday purchases, making it easier to earn while you spend. For business owners, we provide specialized support through Business Banking, including Merchant Services & Business Loans. Whether you're just starting or looking to expand, we have solutions tailored for your business needs.

Personal Banking

Starting with personal banking, we offer various Checking & Savings Accounts designed to help you reach your financial goals. Whether you're saving for a rainy day or planning a big purchase, our accounts come with features that make managing your money easier than ever. When it comes to purchasing a vehicle, our Auto Loans & Vehicle Financing options provide competitive rates and flexible terms. Imagine driving off the lot in your new car without the stress of overwhelming payments. If you're considering homeownership or looking to refinance an existing mortgage, our Mortgage Loans & Refinancing services can guide you through the process smoothly. We understand that buying a home is one of the biggest decisions you'll make, and we're here to support you every step of the way. For those unexpected expenses or projects that need funding, our Personal Loans & Debt Consolidation options are available to help simplify your finances. Picture consolidating multiple payments into one easy monthly payment less hassle and more peace of mind.

Visit Us Today!

With all these services available under one roof at Mills42, we're committed to being your trusted partner in finance. If you have questions or want to learn more about how we can assist you, don't hesitate to call us at (978) 328-5100. We look forward to helping you achieve your financial dreams!

Digital & Online Banking

Always Available Support

Our 24/7 online banking services ensure that you can handle your banking needs whenever it suits you. Need help? Our customer support is just a call away at (978) 328-5100. In short, at Mills42, we combine modern technology with personal service to make banking convenient and secure for all our members. Experience the ease of digital banking today!

Key Features of Our Digital Banking Services

Our online banking platform, which you can explore at https://www.mills42fcu.com/, allows you to manage your accounts with ease. Whether you're checking your balance or paying bills, everything is just a click away. You can also enjoy the benefits of e-statements for easy record-keeping and faster access to your financial information. Need to sign documents? Our electronic signature authorization feature makes it simple and secure. You won't need to visit the branch in person, saving you time and hassle.

Mobile Banking at Your Fingertips

With our mobile application, managing your money on the go has never been easier. Use our mobile payments feature to make quick transactions right from your phone. Plus, our person-to-person transfer option lets you send money to friends or family instantly perfect for splitting bills or sending gifts.

Financial Strength

At Mills42, 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 committed to ensuring that your hard-earned money is in safe hands. With a net worth of $3,274,568, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 11.88% 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 $9,176,159 in share certificates and $2,572,055 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $1,295,209, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $3,186,680 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our capacity to lend is evident with $20,867,952 in total loans and leases and $359 in used auto loans, which support our members' financial goals across various sectors. Our operational efficiency is reflected in our net income of $87,888, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 6 full-time employees and 3 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team. Net Shares (Funds available for lending and investments): $0. Total Share and Deposit Accounts: 5,512, showing a strong and growing member base that trusts us with their finances. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Mills42 is your trusted partner. Visit us at 83 Merrimack St Lowell Ma 01852 or call 978-328-5100 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 $4,532,258 in used vehicle loans and $874,931 in new vehicle loans already helping members get on the road. We make it easy to secure financing for your next vehicle, whether it's brand new or gently used. Plus, if you're interested in refinancing your current auto loan, we can help with that too!

Credit Lines

For those who prefer having a safety net for unexpected expenses or ongoing projects, our total credit lines amounting to $9,615,156 provide additional resources when you need them most. This option allows you to draw funds as necessary without the hassle of reapplying each time. At Mills42, we are dedicated to finding the right financial solutions tailored just for you. If you have any questions about eligibility or want to explore our refinancing options further, please don't hesitate to reach out. You can visit us at 83 Merrimack St Lowell Ma 01852 in Lowell, MA, or call us at (978) 328-5100. For more information about our services and offerings, check out our website at https://www.mills42fcu.com/. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $8,037,932, make buying or refinancing simple. We offer flexible terms that can fit various budgets and lifestyles. If you're looking to refinance an existing mortgage, our team is ready to assist you in exploring your options.

Unsecured Credit Card Loans

Managing everyday expenses can sometimes be challenging. That's why we also offer flexible terms on unsecured credit card loans, with a total of $736,356 in loans helping members manage their finances effectively. These cards come with competitive rates and no annual fees, making them an excellent choice for those who want to maintain financial flexibility.

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. This tool helps users navigate through various loan options easily and efficiently. LendMesh ensures accurate loan comparisons by sourcing data 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). This means that users can trust the offers they see on LendMesh are fair and transparent. One of the key benefits of using LendMesh is its commitment to Verified Data. All loan offers are sourced from legitimate financial institutions, ensuring that users receive transparent information without hidden terms or conditions. Additionally, LendMesh does not feature Sponsored Listings. Unlike some platforms that prioritize lenders based on paid promotions, LendMesh focuses solely on providing unbiased results, allowing users to make informed choices based on their needs. Moreover, LendMesh provides Real-Time Rate Comparisons. This means users can view up-to-date loan rates from multiple institutions at a glance, making it easier to compare options side by side. Thousands of users trust LendMesh for loan comparisons. One satisfied member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" If you're looking to find the best rates for your needs, compare real-time loan offers today at LendMesh. *Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.*

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