Morehead Community Credit Union Morehead KY | Best Auto Loans & Business Banking

Introduction

Welcome to Morehead Community, where your financial well-being is our top priority! Located at 503 W Main St, Morehead, KY 40351, we have been serving our members since 1978. With a commitment to fostering a strong community and building lasting relationships, we are proud to support over 4,300 members with a range of financial services designed to meet their needs. At Morehead Community, we understand the importance of trust and reliability in banking. That's why we manage an impressive $55,071,592 in assets and maintain a robust net worth of $6,977,822. Our dedicated team of 12 employees, led by CEO Mike Alcorn and Board President Darrell Smith, strives to provide personalized service that helps you achieve your financial goals. Whether you're looking for personal banking options like checking accounts and auto loans or business services such as merchant solutions and business loans, we've got you covered. We also offer convenient online and mobile banking options so you can manage your finances anytime, anywhere. While members can visit us at 503 W Main St, official correspondence should be sent to the same address for simplicity. Feel free to reach out via phone at 606-784-2201 or fax at 606-784-2202 during our operating hours 9:00 AM to 4:00 PM from Monday through Thursday and until 5:00 PM on Fridays. Join us at Morehead Community as we work together towards a financially secure future! Visit our website at moreheadcommunity.com for more information or stop by today to learn how we can assist you on your financial journey.

Branch History & Mission

At Morehead Community, we take pride in our rich legacy of serving the community since our inception in 1978. Located at 503 W Main St, Morehead, KY 40351, our branch has grown from a small local credit union into a vital financial resource for over 4,300 members. Our total assets have reached an impressive $55,071,592, showcasing the trust and support we've earned from our community over the years. From our humble beginnings, we have focused on providing personal and business banking services that cater to the needs of our members. Our mission is simple yet profound: to empower individuals and families through accessible financial services while fostering a strong sense of community. We believe that when our members succeed, we all succeed. Throughout the years, Morehead Community has evolved to meet the changing needs of our members. We are proud to offer a range of services including checking and savings accounts, auto loans, mortgage options, personal loans, and business banking solutions. Additionally, we have embraced technology with online and mobile banking services that make managing finances easier than ever. Our commitment to accessibility is evident not only in our offerings but also in our facilities. We provide ADA-compliant spaces for all members and visitors. For those who prefer face-to-face interactions, we have drive-thru banking available for quick transactions without leaving your vehicle. And with ATM availability on-site, accessing your funds is always convenient. While you can visit us at 503 W Main St Morehead Ky 40351, official correspondence should be sent to 503 West Main St., Morehead, KY 40351. Our dedicated team is here during lobby hours from 9:00 AM to 4:00 PM Monday through Thursday and until 5:00 PM on Fridays. If you have any questions or need assistance, don't hesitate to call us at (606) 784-2201. Morehead Community is not just about banking; it's about building relationships within the community. We actively participate in local events and initiatives aimed at uplifting our neighbors and supporting local businesses. These partnerships help us stay connected with the needs of our community. We invite you to join Morehead Community today! Experience firsthand how we can help you achieve your financial goals while being part of a supportive network that values every member. Together, let's build a brighter future for Morehead!

Branch Location & Accessibility

Accessibility and Parking

We understand that accessibility is important to all our members. Our branch features ADA-compliant entrances and ramps, ensuring that everyone can visit us comfortably. Plus, we offer ample parking right outside our doors, allowing for easy access whether you're driving in or coming on foot.

Get in Touch!

If you have any questions or need assistance, don't hesitate to give us a call at 606-784-2201. We're here for you! We invite you to come visit us today and see how we can help make your banking experience better than ever.

Operating Hours

Our friendly team is here to assist you during convenient hours: Monday through Thursday from 9 AM to 4 PM and Friday from 9 AM to 5 PM. We encourage you to stop by during these times when we can best serve you.

Services Offered

At Morehead Community, we offer a variety of services tailored to meet your financial needs. From personal checking and savings accounts to auto loans and mortgage refinancing, we're equipped to support your financial journey. For those on the go, enjoy our ATM services available on-site and basic drive-thru banking for deposits and withdrawals. While members can visit us at 503 W Main St, official correspondence should be sent to 503 West Main St., Morehead, KY 40351.

Member Eligibility

Joining the Morehead Community is like stepping into a warm, welcoming family where your financial needs are prioritized and understood. If you're interested in becoming a member, you'll find that eligibility is designed to be inclusive and straightforward. Residents of Rowan County, as well as those who work or worship here, are warmly invited to join our community. This means whether you're settling down or just passing through, there's a place for you at Morehead Community. For a full breakdown of the criteria and any updates. Opening an account with us is simple! Just visit us at 503 W Main St, Morehead, KY 40351, or give us a call at (606) 784-2201 to learn more about the process. We're here to help guide you every step of the way so you can start enjoying all the benefits of membership, from personalized service to a variety of financial products tailored to your needs. Whether it's checking accounts, loans, or online banking services, we're excited to support you on your financial journey! To get started on opening an account today, please check out this link: http://www.moreheadcommunity.com/home-equity-loans.

Business Banking & Commercial Services

Merchant Services That Work for You

In addition to our loan options, we offer merchant services that simplify payment processing and enhance customer experience. Imagine serving your customers without hassle whether they pay by card or mobile app. Our services make transactions smooth and efficient, allowing you to focus more on what you do best: running your business. If you're looking for support in Morehead, KY, visit us at 503 W Main St, Morehead, KY 40351, or call us at 606-784-2201. Let's work together to build your vision!

Tailored Business Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs. Although we currently have $0 in member commercial loans and $0 in non-member commercial loans, we are dedicated to providing flexible financing solutions as your needs grow. We believe that every business deserves access to the resources necessary for success.

Comprehensive List Of Services

ATM & Drive-Thru Services

We also prioritize ease of access through our ATM services for quick cash withdrawals and balance checks. If you prefer face-to-face transactions, our basic drive-thru banking lets you handle deposits and withdrawals without leaving your car. At Morehead Community, we are committed to ensuring that each service meets the high standards expected by our members. Our knowledgeable staff is always ready to assist you whether you're visiting us in person or connecting through digital platforms. If you have any questions about our offerings or need assistance getting started, don't hesitate to reach out at (606) 784-2201. We look forward to serving you! Visit us today at 503 West Main, where financial support is just around the corner!

Business Banking Services

For local entrepreneurs, we offer robust business banking services, including merchant services and business loans that help you grow your venture. We know how vital it is for small businesses to have access to reliable financial tools.

Convenient Online & Mobile Banking

In today's fast-paced world, convenience matters. That's why we provide top-notch online and mobile banking features that allow you to manage your finances anytime, anywhere. With secure access from your smartphone or computer, you can check balances, transfer funds, and pay bills effortlessly.

Credit Cards & Rewards

Don't forget about our credit cards with rewards! They're an excellent way to earn benefits while making everyday purchases. Whether you want cash back or travel points, our credit card offerings can enhance your spending power.

Personal Banking Solutions

Starting with personal banking, we offer various options like checking and savings accounts that fit different lifestyles and goals. If you're planning on buying a vehicle, our auto loans and vehicle financing make it easier than ever to get behind the wheel. We also have competitive mortgage loans and refinancing solutions for those ready to purchase their dream home or reduce their current mortgage payments. For members looking to consolidate debt or tackle unexpected expenses, our personal loans provide flexible options tailored to your situation.

Digital & Online Banking

Key Services

Our online banking service provides 24/7 access to your accounts, allowing you to check balances, pay bills, and transfer funds without having to visit the branch. Need to send money to a friend? Our person-to-person transfer feature makes it simple and fast. Plus, if you're on the go, our mobile application offers all the same functionalities right from your smartphone. For those looking for paperless options, we proudly offer e-statements. This means you can view your account statements electronically, reducing clutter while keeping your information secure. And if you ever need to sign documents quickly, our electronic signature authorization feature allows you to do so with ease.

Security and Usability

We prioritize your security while ensuring our services remain user-friendly. Your financial data is protected with the latest encryption technology, so you can bank with peace of mind. Whether you're using your computer or mobile device, navigating through our services is straightforward and intuitive. At Morehead Community, we're committed to providing accessible financial solutions that fit your lifestyle. Experience the ease of managing your accounts digitally today!

Financial Strength

At Morehead 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 to share our strong financial position, which reflects our commitment to serving you reliably. With a net worth of $6,977,822, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 12.67% 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 $18,776,051 in share certificates and $3,151,310 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. With $6,769,396 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is robust as seen with $796 in used auto loans and $26,224,367 in total loans and leases, supporting members' financial goals across various sectors. Our operational efficiency is reflected in our $265,353, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 11 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Total Share Accounts stand at 8,831, 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, Morehead Community is your trusted partner. Visit us at 503 W Main St Morehead Ky 40351 or call (606) 784-2201 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.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $11,276,812 in used vehicle loans and $3,326,597 in new vehicle loans already helping members get on the road. We provide flexible terms and quick approvals to get you behind the wheel as soon as possible.

Credit Lines and Personal Loans

For those needing extra funds for personal projects or managing day-to-day expenses, we also have credit lines available totaling $4,000,000. These flexible options allow you to borrow what you need while keeping repayments manageable. Additionally, we currently do not have unsecured credit card loans available; however, our other loan offerings ensure you have access to necessary funds.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $3,820,862. Our team will work with you to find a solution that fits your budget and helps you secure your dream home.

Refinancing Options

If you're considering refinancing your current loans for better rates or terms, we encourage you to reach out to us. Our dedicated team can help evaluate your options based on your financial situation and needs. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. At Morehead Community, we're committed to providing transparent and supportive financial services tailored just for you. Visit us today to learn more about how we can assist with your borrowing needs!

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MOREHEAD COMMUNITY FEDERAL CREDIT UNION - Morehead, KY

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