Platinum Credit Union Hoover AL | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Platinum, your trusted financial partner located at 2020 Patton Chapel Rd, Hoover, AL 35216. Established in 1999, we take pride in serving our community with integrity and dedication. With a robust membership of over 12,210 individuals, we are more than just a credit union; we are a family that supports each other in achieving financial goals. At Platinum, we understand that each member's journey is unique. That's why we offer a variety of services tailored to meet your needs whether it's personal banking, auto loans, mortgage refinancing, or business banking solutions. Our total assets stand at an impressive $320,139,562, demonstrating our stability and commitment to providing you with the best financial products available. We also hold $35,046,826 in total deposits, ensuring that your money is safe and secure with us. Our dedicated team of 67 employees, led by CEO Kabir Laiwalla and Board President Shahina Punjani, is here to guide you every step of the way. We believe in fostering strong relationships with our members and the community at large. In fact, we have extended over 5,467 loans to help fulfill dreams and aspirations. While members can visit us at our branch address for all their banking needs, official correspondence should be sent to 2020 Patton Chapel Rd, Vestavia Hills, AL 35216. We invite you to reach out by phone at 205-403-8881 or explore our website at www.Platinumfcu.org for more information on how we can assist you. Join us today and experience the Platinum difference where your financial success is our priority!

Branch History & Mission

Welcome to Platinum, a credit union that has proudly served the community of Hoover, Alabama since its opening in 1999. Over the years, we have grown from a small financial institution to a trusted partner for over 12,210 members, helping them achieve their financial goals and dreams. Located at 2020 Patton Chapel Rd, our branch is easily accessible and surrounded by vibrant local features that reflect the spirit of Hoover. With our friendly team ready to assist you, we invite you to visit us during our lobby hours from 10 AM to 5 PM, Monday through Friday. For those who prefer convenience, we also offer drive-thru services for quick transactions. At Platinum, our mission is simple yet impactful: to provide exceptional financial services while fostering a strong sense of community support. We believe in empowering our members with the tools they need whether it's personal banking, auto loans, or business services so they can thrive financially. Our commitment extends beyond just banking; we actively engage in partnerships and outreach programs that enhance the lives of those in our community. As we celebrate nearly two decades of service, we are proud to manage total assets of $320,139,562. This growth reflects not just our stability but also our dedication to reinvesting in the needs of our members and community. We understand that financial well-being goes hand-in-hand with support systems that uplift everyone around us. While members can visit us at 2020 Patton Chapel Rd, official correspondence should be sent to 2020 Patton Chapel Rd, Vestavia Hills, AL 35216 if different mailing is required. Our focus on customer service includes modern conveniences like online and mobile banking options as well as electronic signatures for hassle-free transactions. We invite you to join Platinum and experience the difference that comes from being part of a credit union that truly cares about its members and community. Whether you're looking for savings solutions or loans tailored to your needs, we're here for you every step of the way. Let's work together towards a brighter financial future! For more information or assistance, feel free to contact us at 205-403-8881 or visit our website at platinumfcu.org.

Branch Location & Accessibility

Banking Services

At Platinum's Alabama Branch, we offer a variety of banking services tailored to meet your needs. From personal banking options like checking and savings accounts to auto loans, mortgage refinancing, and credit cards with rewards there's something for everyone! Additionally, we provide basic drive-thru banking services for quick deposits and withdrawals. While members can visit us at 2020 Patton Chapel Rd, official correspondence should be sent to our mailing address: 2020 Patton Chapel Rd, Vestavia Hills, AL 35216. We invite you to stop by and see how we can assist you today! Your financial journey starts here at Platinum.

Convenient Location

Situated near local landmarks such as the Hoover Metropolitan Stadium, our branch is easy to find and reach. Parking is available right outside the entrance, making your visit hassle-free. We take pride in ensuring that everyone can access our services comfortably, with ADA-compliant features like ramps for those who need them.

Operating Hours

Our doors are open Monday through Friday from 10 AM to 5 PM CST. This schedule allows you to plan your visits around your busy day. If you have any questions or need assistance, feel free to give us a call at 205-403-8881.

Member Eligibility

At Platinum, we believe that becoming a member is like joining a warm and welcoming family. If you're looking to enjoy personalized financial services and community-focused benefits, you'll be pleased to know that membership is open to anyone who lives, works, worships, or attends school in the area. It's a simple process designed to make you feel right at home. To learn more about the specific eligibility criteria and see if you qualify, feel free to visit our detailed page at https://www.platinumfcu.org/pages/membership-forms.php. Once you've confirmed your eligibility, opening an account with us is easy! Just head over to our account opening section at http://www.Platinumfcu.org/loans/apply-for-a-loan, and you'll find everything you need to get started. If you have any questions or need assistance along the way, don't hesitate to give us a call at (205) 403-8881. We're here for you every step of the way!

Business Banking & Commercial Services

Merchant Services That Make Sense

Imagine running your operations smoothly with efficient payment processing. Our merchant services provide practical tools that make it easy for you to accept payments from customers, whether online or in person. This means you can focus more on what you do best serving your clients and growing your brand. Located at 2020 Patton Chapel Rd Hoover Al 35216 in Hoover, AL, we're here to partner with you every step of the way. Reach out to us at (205) 403-8881 to explore how our business banking services can elevate your enterprise!

Supporting Your Business Journey

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $116 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $11 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $35,870,050, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Business Banking Solutions

For our business members, we offer merchant services and business loans that help you manage cash flow and grow your enterprise. We know how crucial it is for businesses to have reliable banking solutions, so we strive to make every transaction as simple as possible.

Convenient Access Anytime

We also understand that convenience matters. That's why we provide ATM and cash withdrawal services along with basic drive-thru banking for deposits, withdrawals, and simple transactions. No need to step inside; just drive up and get what you need!

Financing Your Dreams

If you're in the market for a new vehicle or looking to refinance an existing loan, our auto loans and vehicle financing options are designed with competitive rates to help you get behind the wheel without breaking the bank. For those considering homeownership or looking to lower their monthly payments, we offer mortgage loans and refinancing solutions that can provide significant savings over time.

Get Started Today!

With all these services available at Platinum, there's no better time than now to take control of your financial future. If you're ready to learn more about how we can help or if you have any questions, don't hesitate to reach out! Call us at (205) 403-8881 or visit our website at Alabama Branch today. Let us be your partner in achieving financial success!

Personal Banking Made Easy

Our personal banking services include checking and savings accounts tailored to fit your lifestyle. Imagine having a checking account that allows you easy access to your funds while earning interest on your savings. With our online and mobile banking options, you can easily transfer money, pay bills, and check your balances from anywhere.

Support for Life’s Financial Challenges

Life can throw unexpected expenses your way. Our personal loans and debt consolidation services provide quick access to funds when you need them most. Plus, with credit cards that offer rewards, you can earn while you spend!

Digital & Online Banking

Convenient Online Banking Services

Explore our online banking platform at https://www.platinumfcu.org/ where you can access your account 24/7. Whether you need to check your balance, transfer funds, or pay bills, everything is right at your fingertips. Plus, with electronic signature authorization available, signing documents is simple and secure, allowing you to complete transactions without the hassle of paperwork.

E-Statements and Mobile Features

Stay organized with e-statements that keep all your financial information in one place no more paper clutter! You can also take advantage of our mobile application, which provides easy access to your accounts anytime, anywhere. Make payments using mobile payments and even send money to friends or family with our person-to-person transfer feature.

Real-Time Account Management

With real-time account management tools, you'll always know where you stand financially. From checking balances to monitoring transactions, our user-friendly interface makes it easy for you to stay on top of your finances. Whether you're at home or out and about, managing your money has never been more accessible. At Platinum, we're committed to providing you with safe and convenient banking solutions tailored to meet your needs. Join us today and experience the future of banking!

Financial Strength

Committed Team

We take pride in having 65 full-time employees and 2 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team. Our operational efficiency is reflected in our performance; even with a current net income of $0, we remain focused on delivering value to you.

Growing Member Base

Total Share Accounts stand at 21,434, showing a strong and growing member base that trusts us with their finances. This trust empowers us to keep enhancing our services for all members. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Platinum is your trusted partner. Visit us at 2020 Patton Chapel Rd Hoover Al 35216 or call us at 205-403-8881 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.

Reinvestment for Your Benefit

With $28,665,613 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 also impressive; with $213,245,082 in total loans and leases, including $18,460,957 in used auto loans, we're here to support your financial goals across various sectors.

Secure Savings Options

Members' savings are secured through $103,764,824 in share certificates and $6,614,910 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. This focus enables us to use our resources wisely to benefit you through better loan rates and exclusive perks.

Strong Financial Health

With a net worth of $28,665,613, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 974 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 $46,061,957 in used vehicle loans and $56,969,343 in new vehicle loans already helping members get on the road. Whether you're interested in financing a new ride or refinancing an existing loan, our team can guide you through the process.

Credit Lines and Commercial Loans

For those who need additional flexibility with their finances, our credit lines total $98,370,250, giving you access to funds when you need them most. For business owners looking to expand or invest in new opportunities, our outstanding commercial loans totaling $35,870,050 provide the capital needed for growth. At Platinum, we are committed to transparency and support throughout your borrowing experience. If you're considering refinancing options or want to know about eligibility requirements for any of our products, don't hesitate to reach out to us at 205-403-8881. 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 goal is to help you navigate your financial decisions confidently. Visit us today and discover how our loan offerings can work for you!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $10,991,346, make buying or refinancing simple. We offer competitive rates and flexible terms to fit your budget.

Unsecured Credit Card Loans

Managing daily expenses can be challenging. We also offer flexible terms on unsecured credit card loans, with a total of $1,067,148 in loans helping members manage their finances effectively. Enjoy the convenience of cashless transactions while staying within your budget.

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 transparency helps users navigate their borrowing options confidently. 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 commitment to using verified sources guarantees that users receive fair and transparent offers. One significant advantage of using LendMesh is its focus on verified data. Loan offers are sourced only from legitimate financial institutions, ensuring that users see genuine options tailored to their needs. Additionally, LendMesh stands out because it does not feature sponsored listings lenders are not prioritized based on paid promotions. The goal here is simple: provide unbiased results that help users make informed decisions. Moreover, LendMesh offers real-time rate comparisons across multiple institutions. This up-to-date information allows users to assess their choices easily and select the best loan rates available in the market. Thousands of users trust LendMesh for loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" Testimonials like this highlight the platform's reliability and effectiveness in helping borrowers secure better deals. If you're ready to take control of your borrowing options, compare real-time loan offers today at LendMesh and find the best rates for your needs. 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.

Platinum