Peoples Credit Union Lamar CO | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Peoples Credit Union, your trusted financial partner located at 411 S Main St, Lamar, CO 81052. Established in 1956, we have proudly served our community for over six decades, growing alongside our members and adapting to their needs. With a current membership of 3,598 and total assets exceeding $67 million, we are committed to providing personalized banking solutions that empower you to achieve your financial goals. At Peoples Credit Union, we understand that every member is unique. That's why we offer a range of services, including checking and savings accounts, auto loans, mortgages, personal loans, and business banking solutions. Our dedicated team of 18 employees works tirelessly to ensure you receive exceptional service and support. Under the leadership of CEO Spencer Homsher and Board President Linda Lusk, we focus on building lasting relationships with our members. While you can visit us at our branch in Lamar for all your banking needs, please note that official correspondence should be sent to our mailing address: 411 S Main St, Lamar, CO 81052-3222. We are proud of our solid financial foundation, boasting total deposits of $3,207,840, net worth of $12,701,894, and cash in hand amounting to $754,078. Our commitment to responsible lending is reflected in our total loans and leases of 1,590, ensuring that we can meet the diverse financial needs of our members while maintaining a secure environment. Join us as we continue to serve Lamar and the surrounding areas with integrity and dedication. Whether you're looking for a new loan or seeking advice on managing your finances, we invite you to reach out to us at (719) 336-4387 or explore more about our services online at Peoples Credit Union. Together, let's build a brighter financial future!

Branch History & Mission

Join Us

As we continue to grow and adapt in this ever-changing landscape, we invite you to become part of the Peoples family. Experience the benefits of membership firsthand by visiting us during our operating hours: 8:00 AM - 4:00 PM, Monday through Friday. For more information or assistance, feel free to call us at 719-336-4387. Join us today and let's build a brighter financial future together! Visit our website at www.peoples-cu.com for more details on how we can serve you better.

Our Evolution

Since opening our doors, Peoples has been dedicated to providing exceptional service and support to our members. We've embraced technological advancements while ensuring our services remain personal and community-focused. From humble beginnings, we have expanded our offerings to include personal banking products like checking and savings accounts, auto loans, mortgage financing, and business banking solutions. Our commitment to accessibility is evident through features like ATM availability and drive-thru banking, making it easy for you to manage your finances on the go. Whether you need to make deposits or withdrawals, we've designed our services with you in mind.

Our Mission

At Peoples, our mission goes beyond just providing financial services; it's about enriching the lives of our members and fostering a strong community spirit. We strive to empower individuals by offering resources that help them achieve their financial goals while supporting local initiatives that strengthen Lamar and surrounding areas. With a focus on customer satisfaction and community support, we aim to be a reliable partner for your financial journey. We believe everyone deserves access to quality financial products and education that can make a difference in their lives.

Branch Location & Accessibility

Call Us!

Have questions or need assistance? Don't hesitate to give us a call at 719-336-4387. We're here to make banking as straightforward as possible for you! Visit us today at Peoples and let's start building your financial future together.

Operating Hours

We know that life can get busy! That's why our lobby hours are designed to fit your schedule. We're open from 8:00 AM to 4:00 PM, Monday through Friday. Our dedicated team is eager to assist you during these hours.

Services Offered

At Peoples, we provide a variety of services tailored just for you. From personal checking and savings accounts to auto loans and mortgage refinancing, we aim to meet all your financial needs. Need cash quickly? Our ATM availability ensures you have easy access to your funds whenever you need them. Plus, enjoy the convenience of our drive-thru banking, where you can handle deposits, withdrawals, and simple transactions without leaving your vehicle.

Member Eligibility

At Peoples, we believe that everyone deserves the chance to be part of a supportive community focused on your financial well-being. Becoming a member is easy and welcoming! If you live, work, worship, or attend school in the area around 411 S Main St Lamar Co 81052, you're already eligible to join us. This means that whether you're just starting out or looking to manage your finances better, we have services tailored for you. Being a member at Peoples opens up opportunities for personalized banking solutions, including checking and savings accounts, auto loans, and more all designed to help you thrive financially. To get started, simply visit our branch or give us a call at (719) 336-4387. You can find more detailed information about eligibility on our website. We can't wait to welcome you into our family and help you reach your financial goals!

Business Banking & Commercial Services

Business Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $142 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $21,790,348, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In addition to loans, we offer merchant services that simplify payment processing for your business. Imagine a customer walking into your store and making a purchase seamlessly with their card, while you benefit from quick access to those funds. Our merchant solutions not only streamline transactions but also enhance customer satisfaction. Whether you're located at 411 S Main St Lamar Co 81052 in Lamar, CO, or operating online, we are here to provide the resources you need to flourish. Let us partner with you on your journey to success! For more information, call us at (719) 336-4387.

Comprehensive List Of Services

Business Banking

For entrepreneurs and small business owners, we offer tailored solutions through our business banking services, including merchant services and business loans. We understand the challenges of running a business and aim to provide the support necessary for growth and success.

Convenient Banking Services

At Peoples, we also offer basic drive-thru banking services for quick deposits and withdrawals without leaving your car. Whether you're in a rush or prefer the convenience of not entering the branch, we've got you covered. We invite you to experience all that we have to offer at Peoples. Visit us today at 411 S Main St Lamar Co 81052 or give us a call at (719) 336-4387 to learn more about how we can help meet your financial needs. Your journey towards better banking starts here!

Digital Banking Features

In today's fast-paced world, having access to your financial information anytime is essential. That's why we provide robust online and mobile banking features that allow you to check balances, transfer funds, and pay bills from anywhere. Our services include ATM access for cash withdrawals and balance checks, ensuring that you can manage your money with ease.

Home Financing

Thinking about purchasing a home or refinancing your existing mortgage? Our mortgage loans and refinancing services provide solutions that cater to various financial situations, helping you find the best path toward homeownership.

Personal Banking Solutions

For those looking to manage their day-to-day finances, our personal banking options include checking and savings accounts tailored for convenience and ease. Whether you're saving for a special occasion or just need a reliable place for your everyday transactions, we have the right account for you. If you're considering buying a vehicle, our auto loans and vehicle financing options make it easier than ever to drive away in your dream car. We offer competitive rates and flexible terms to fit your budget.

Personal Loans & Credit Options

Sometimes life throws unexpected expenses your way. With our personal loans and debt consolidation options, you can manage those costs effectively without added stress. Additionally, our credit cards with rewards allow you to earn benefits on your purchases, making it easier to enjoy the things you love while managing your finances responsibly.

Digital & Online Banking

Key Features

One of the standout features we offer is electronic signature authorization. This means you can sign important documents securely from home, saving you time and hassle. Plus, our e-statements provide a convenient way to view your account statements without the clutter of paper. You can easily keep track of your finances while helping the environment! For those on the go, our mobile application allows you to manage your accounts right from your smartphone. Whether you're making mobile payments or sending money through person-to-person transfers, everything is just a tap away. You'll appreciate how quickly you can handle transactions without needing to stop by the bank. Our online banking services are available 24/7, so no matter if it's early morning or late at night, your accounts are always accessible. With these features combined, managing your finances has never been easier or more secure. Experience the freedom and flexibility of digital banking at Peoples today!

Financial Strength

Efficient Operations

Our operational efficiency is highlighted by our $302,716, which allows us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 17 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Investing Back into Our Community

With $12,660,982 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment to lending is reflected in the $489 in used auto loans and $54,872,856 in total loans and leases. This capacity supports our members' financial goals across various sectors.

Member Trust

The trust of our growing member base is evident with 7,534 total share accounts. This shows that more people are choosing Peoples as their financial partner. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Peoples is your trusted partner. Visit us at 411 S Main St Lamar Co 81052 or call (719) 336-4387 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.*

Secure Savings Options

Members' savings are secured through $18,435,765 in share certificates and $10,146,202 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $2,432,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Strong Financial Health

With a net worth of $12,701,894, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 18.91% 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 $6,752,017 in used vehicle loans and $1,072,088 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new model or a reliable used vehicle, we have solutions tailored just for you.

Credit Lines and Business Loans

For those looking for additional flexibility, our credit lines provide easy access to funds when you need them most, totaling $9,600,000 available for our members. Additionally, our outstanding commercial loans totaling $21,790,348 are designed for business owners who need capital to grow and expand their ventures. At Peoples Credit Union located at 411 S Main St Lamar Co 81052, our dedicated team is here to assist you through every step of the borrowing process. Feel free to reach out at 719-336-4387 during our operating hours from 8:00 AM - 4:00 PM Monday through Friday. We're proud to serve our community with financial services that empower you to make informed decisions. 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 your options today and discover how our loan offerings can help you achieve your financial aspirations!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $45,224, make buying or refinancing simple. We work with you to find the best terms that fit your budget and lifestyle.

Unsecured Credit Card Loans

Managing day-to-day expenses can be challenging. We also offer flexible terms on unsecured credit card loans, with a total of $126,799 in loans helping members manage their finances effectively. This option allows you to cover costs without the need for collateral.

Loan Aggregator

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PEOPLES CREDIT UNION - Lamar, CO

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