Penlanco Credit Union Lancaster PA | Affordable Auto Loans & Business Banking

Introduction

Welcome to Penlanco Federal Credit Union, your trusted partner in financial growth since 1938. Located at 20E E Roseville Rd, Lancaster, PA 17601, we proudly serve our community with a commitment to helping our members achieve their financial dreams. As a member-focused institution with a strong membership base of 1,668 individuals, we believe in providing personalized services tailored to meet your unique needs. At Penlanco, we understand that every dollar counts. That's why we manage over $25,896,221 in assets and offer competitive rates on loans and deposits. Whether you're looking for an auto loan or seeking assistance with personal banking services like checking and savings accounts, we've got you covered. Our total loans and leases stand at 728, demonstrating our dedication to supporting your financial journey. Our leadership team is here for you. Under the guidance of our CEO, Stacey Remick, and Board President, Annette Cevis, we prioritize transparency and integrity in all our dealings. We're not just about numbers; we're about relationships and community impact. While you can visit us at our main office for all your banking needs, please note that official correspondence should be directed to our mailing address: 20E East Roseville Rd, Lancaster, PA 17601. With a net worth of $3,243,368 and cash in hand amounting to $89,398, we are well-positioned to offer stability and security for your financial future. Our team of five dedicated employees is ready to assist you during our lobby hours from 8 AM to 4 PM, Monday through Friday. Explore more about what we offer by visiting our website at www.penlancofcu.com. Don't hesitate to reach out! Call us at 717-569-9621 or fax us at 717-569-9665 for any inquiries or support you may need. At Penlanco Federal Credit Union, we're not just a credit union; we're your financial family! Join us today and discover how we can help you thrive financially.

Branch History & Mission

Our Evolution

From humble beginnings, Penlanco has evolved significantly over the decades. Our journey began with a simple aim: to provide accessible financial services to those who needed them most. Over the years, we have expanded our offerings to include personal banking, auto loans, mortgage options, and business banking solutions. With total assets reaching $25,896,221 and a commitment to serving our members' financial needs, we continue to thrive and adapt in an ever-changing financial landscape. Our dedicated team of five employees works tirelessly to ensure that every member receives personalized service and support. We are proud to offer modern conveniences like online banking and mobile payments while maintaining the warmth of face-to-face interactions. Although we do not have ATM services or drive-thru banking at this location, our lobby is open Monday through Friday from 8 AM to 4 PM for your convenience.

Our Mission

At the heart of Penlanco's mission is our dedication to fostering financial well-being within our community. We believe that everyone deserves access to affordable financial products and services that empower them to achieve their dreams. Our commitment goes beyond just transactions; we strive to build lasting relationships based on trust and mutual respect. Our team actively participates in community outreach efforts and partnerships aimed at enhancing the quality of life for residents in Lancaster. By supporting local initiatives and providing educational resources about personal finance, we aim to uplift not only our members but also the community as a whole. While members can visit us at 20E E Roseville Rd Lancaster Pa 17601, official correspondence should be sent to 20E East Roseville Rd, Lancaster, PA 17601. If you are looking for a supportive financial institution that truly cares about its members and their futures, we invite you to join us at Penlanco Federal Credit Union. Experience firsthand how we can help you achieve your financial goals while being part of a caring community. Reach out today by calling us at (717) 569-9621 or visit us online at Penlanco FCU. Your future starts here!

Branch Location & Accessibility

Welcome to the Penlanco Federal Credit Union, located at 20E E Roseville Rd in beautiful Lancaster, PA. Our branch is conveniently situated near local landmarks, making it easy for you to stop by and take care of your banking needs. Whether you're heading to the nearby park or running errands, we are just a short drive away. At Penlanco, we understand that accessibility is key. Our branch is designed with features to accommodate all members, including ADA-compliant entrances and ample parking. We want everyone to feel welcome when they visit us. We're open Monday through Friday from 8 AM to 4 PM, so you can find time in your busy schedule to come see us. While you're here, you can explore a range of services tailored to meet your financial needs, including personal banking options like checking and savings accounts, auto loans, mortgage financing, and more. Please note that we currently do not have ATM services or drive-thru banking available at this location. However, our friendly staff is always ready to assist you in person or over the phone at 717-569-9621. For official correspondence, please use our mailing address: 20E East Roseville Rd, Lancaster, PA 17601. We invite you to visit us at Penlanco Federal Credit Union today! Let us help you achieve your financial goals with personalized service in a welcoming environment.

Member Eligibility

At Penlanco, we believe in building a welcoming community where everyone can thrive. Becoming a member is simple and rewarding, open to those who live, work, or worship in our local area. If you share our values and want to take advantage of our personalized banking services, we'd love to have you join us. For specific eligibility requirements, you can check out this resource: . Here at Penlanco, you'll enjoy a range of benefits designed to make your financial journey smoother think competitive rates on loans and great support from our friendly staff. Opening an account is just as easy! You can start the process by visiting us at 20E E Roseville Rd Lancaster Pa 17601, or feel free to give us a call at (717) 569-9621 if you have any questions. We're here to help you every step of the way as you become part of our family. Join us today and experience the difference that comes with being a member of Penlanco!

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 also support the broader business community with $9 in non-member commercial loans, providing flexible financing solutions. Imagine using these funds to purchase new equipment, hire additional staff, or even invest in marketing strategies that could attract more customers. At Penlanco, we want to see your dreams come to life.

Merchant Services

In today's fast-paced market, having effective merchant services can make all the difference. Our services allow businesses like yours to accept payments easily and efficiently, whether it's online or in-store. Picture this: a customer walks into your shop, makes a purchase with their card, and thanks to our reliable merchant services, the transaction goes through smoothly. This not only enhances customer satisfaction but also keeps your cash flow steady. With our dedication to helping businesses succeed in Lancaster, PA, we invite you to explore how our banking services can support your journey. Reach out to us at (717) 569-9621 or visit us at 20E E Roseville Rd Lancaster Pa 17601 for more information!

Comprehensive List Of Services

Auto Loans & Vehicle Financing

Thinking about purchasing a new car? Our auto loans and vehicle financing solutions offer competitive rates that make it easier to drive away in the vehicle you want. Picture yourself behind the wheel, knowing you've secured financing that fits within your budget.

Business Banking

For our small business members, we offer comprehensive business banking services including merchant services and business loans. We know how vital it is for businesses to have reliable financial support, so whether you're starting out or expanding, we're here to assist every step of the way.

Credit Cards with Rewards

Our credit cards with rewards make everyday purchases even more rewarding! Enjoy benefits like cashback or points for travel just by using your card for everyday expenses. It's an easy way to earn rewards while managing your spending smartly.

Mortgage Loans & Refinancing

If owning a home is on your mind, our mortgage loans and refinancing options are here to guide you through the process. We understand that buying a home is one of the biggest investments you'll make. Our team will work closely with you to find the best mortgage solution that suits your needs, helping turn your dream home into reality.

Online & Mobile Banking

In today's fast-paced world, convenience is key. That's why at Penlanco, we provide robust online and mobile banking features. You can easily transfer funds, pay bills, and even send money directly to friends or family all from the comfort of your phone or computer. At Penlanco, located at 20E E Roseville Rd Lancaster Pa 17601, Lancaster, PA, we're committed to making banking as straightforward and accessible as possible. If you have questions or need assistance navigating our services, don't hesitate to call us at (717) 569-9621. Ready to experience all we have to offer? Visit us today or explore our website at Penlanco Federal Credit Union. Let us help you achieve your financial goals!

Personal Banking

Start with our personal banking services, where you can find both checking and savings accounts tailored to fit your lifestyle. Imagine easily managing your day-to-day transactions while also saving for future goals. With our user-friendly online and mobile banking options, you can access your accounts anytime, anywhere. Plus, e-statements make it easy to keep track of your finances without the clutter of paper.

Personal Loans & Debt Consolidation

For those unexpected expenses or if you're looking to consolidate debt, our personal loans provide flexible terms that can relieve some financial stress. You can focus on what matters most without worrying about high-interest debts weighing you down.

Digital & Online Banking

Key Features

Take advantage of our electronic signature authorization, making it simple to sign documents without needing to visit a branch. This means less hassle for you and more time for the things that matter most. Plus, with e-statements available, you can say goodbye to paper clutter while keeping track of your account activity easily. For those who love the convenience of mobile payments, we've got you covered! Our mobile application allows you to make quick payments directly from your smartphone, turning your device into a powerful financial tool. And if you ever need to send money to friends or family, our person-to-person transfers make it as easy as sending a text. In today's fast-paced world, having control over your finances should be effortless. At Penlanco, we are committed to providing accessible and easy-to-use online banking solutions that empower you to stay on top of your financial goals. Join us today and experience banking made simple!

Financial Strength

Commitment to Growth

Our commitment to our members is evident with $3,207,444 in undivided earnings. This allows us to reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve you better. We also have $238 in used auto loans and $16,847,918 in total loans and leases, supporting your financial goals across various sectors.

Growing Member Base

Total Share and Deposit Accounts stand at 2,564, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $0 further indicate our capacity to meet your needs effectively. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Penlanco is your trusted partner. Visit us at 20E E Roseville Rd Lancaster Pa 17601 or call (717) 569-9621 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings Opportunities

Members' savings are secured through $8,488,529 in share certificates and $995,618 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 $282 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. With 4 full-time employees and 1 part-time employees, we ensure our branches are always ready to serve you with a knowledgeable, committed team.

Strong Financial Health

With a net worth of $3,243,368, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,252 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 $3,698,835 in used vehicle loans and $2,322,949 in new vehicle loans already helping members get on the road. We aim to provide competitive terms that make purchasing a vehicle more affordable.

Credit Lines and Personal Loans

For those needing extra flexibility with their finances, we also offer total credit lines of $3,000,000. This option can help you manage unexpected expenses or consolidate debt. Additionally, our unsecured credit card loans provide a total of $0, giving you peace of mind when it comes to managing your spending. At Penlanco, we prioritize transparency and service. If you're considering refinancing or want to explore eligibility options for any of our loan products, don't hesitate to reach out. Our knowledgeable staff is available at (717) 569-9621, ready to answer your questions. 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 invite you to visit us at our branch located at 20E E Roseville Rd Lancaster Pa 17601, where our team can help you navigate your options and find the best solution for your financial journey.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $4,999,985, make buying or refinancing simple. Whether you're a first-time buyer or looking to refinance your existing mortgage for better rates or terms, our team is here to assist you through every step of the process.

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PENLANCO FEDERAL CREDIT UNION