Polam Credit Union New Britain CT | Best Auto Loans & Personal Banking

Introduction

Welcome to Polam, your trusted partner in financial services since 1973. Located at 55 Broad St, New Britain, CT 06053, we are proud to serve our community with a strong commitment to member satisfaction and financial empowerment. With over 3,394 members relying on us, we strive to make a positive impact in their lives by providing personalized banking solutions tailored to individual needs. At Polam, we understand that every financial decision matters. That's why our total assets have grown to an impressive $74,380,698, enabling us to offer a wide range of services from checking and savings accounts to auto loans and mortgage refinancing. Our dedication is reflected in our ability to maintain total deposits of $1,064,443 and a net worth of $10,527,777. We pride ourselves on being financially sound and ready to support our members' goals. Under the leadership of CEO Mark Chrzanowski and Board President Andrzej Wolny, our team of 21 employees is here to assist you. Whether you prefer face-to-face interactions or online banking options, we provide comprehensive services designed for convenience and efficiency. Our operating hours are set for your ease: Tuesday and Wednesday from 9 AM to 4 PM, Thursday and Friday from 9 AM to 6 PM, and Saturday & Monday from 9 AM to 1 PM. For any official correspondence, please note that it can be sent to the same address as our branch location: 55 Broad St, New Britain, CT 06053-4304. If you're looking for reliable banking services backed by a strong community focus, look no further than Polam. We invite you to visit us or give us a call at 860-223-0200. Let us help you achieve your financial aspirations today!

Branch History & Mission

Commitment to Community

At Polam, we believe in giving back to the communities we serve. This commitment is evident in our various outreach programs and partnerships aimed at improving financial literacy and supporting local initiatives. We understand that healthy communities lead to thriving members, and we are dedicated to playing our part.

Join Us!

With operating hours designed for your convenience Tuesdays and Wednesdays from 9 AM to 4 PM; Thursdays and Fridays from 9 AM to 6 PM; and Saturdays and Mondays from 9 AM to 1 PM we invite you to experience what Polam has to offer. Whether you're looking for a simple checking account or seeking support for your business venture, we are here for you. Join us today and become part of a community-focused credit union that puts its members first! For more information or inquiries, feel free to call us at 860-223-0200. Let's build a brighter financial future together!

Modern Banking Services

In today's fast-paced world, we've embraced technology without losing sight of personal connection. Our digital advancements include online banking, mobile payments, and electronic statements, making it easier than ever for members to manage their finances on the go. We also prioritize accessibility with ADA compliance across all our services. While members can visit us at 55 Broad St for all their banking needs including auto loans, mortgages, and business services official correspondence should be sent to our mailing address: 55 Broad St, New Britain, CT 06053-4304.

Branch Location & Accessibility

Convenient Access

At Polam, we prioritize accessibility for all our members. Our branch is designed to meet ADA standards, ensuring that everyone can enjoy a smooth visit. You'll find ample parking nearby, making it hassle-free to drop by and take care of your banking needs. While members can visit us at 55 Broad St, official correspondence should be sent to the same address: 55 Broad St, New Britain, CT 06053-4304.

Get in Touch!

We're excited to welcome you at Polam! If you have questions or need assistance before visiting us, don't hesitate to give us a call at 860-223-0200. Come experience the friendly service that makes us more than just a credit union; we're your financial partner in New Britain. We look forward to serving you soon!

Operating Hours That Fit Your Schedule

We know life gets busy, which is why we've tailored our operating hours to fit your schedule. Our doors are open from Tuesday to Wednesday from 9 AM to 4 PM, Thursday and Friday from 9 AM to 6 PM, and on Saturday and Monday from 9 AM to 1 PM. Whether you need assistance during the week or prefer a weekend visit, we're here for you!

Services Just for You

Polam offers a variety of services aimed at simplifying your banking experience. From personal checking and savings accounts to auto loans, mortgages, and business banking solutions, we've got you covered. Plus, our drive-thru service allows for quick deposits and withdrawals without leaving your vehicle perfect for those on the go! If you're looking for an ATM, you'll find one conveniently available right here.

Member Eligibility

At Polam, we believe that joining our community is about more than just banking it's about building a supportive network where you can thrive. Becoming a member is straightforward and welcoming! If you live, work, worship, or attend school in the New Britain area, you're likely eligible to join us. We also invite family members of current members to come aboard, making it easy for your loved ones to benefit from our services too. Once you're ready to take the next step, opening an account with us is simple and hassle-free. You can visit us at our convenient location at 55 Broad St New Britain Ct 06053 or give us a call at (860) 223-0200 for any questions you might have. For detailed eligibility criteria and updates, feel free to check out our website at . We can't wait to welcome you into the Polam family!

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 $8 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $3,586,286, we continue to drive economic growth by financing new and expanding businesses. Imagine having the capital to invest in new equipment, hire additional staff, or launch a marketing campaign that elevates your brand. Our loans make these possibilities a reality.

Merchant Services

In addition to financing, we offer merchant services that simplify payment processing for your business. Picture this: You've just finished serving a satisfied customer who wants to pay with a card. With our easy-to-use payment solutions, you can complete the transaction smoothly and keep the focus on delivering excellent service. Located at 55 Broad St New Britain Ct 06053 in New Britain, CT, we're dedicated to helping local businesses like yours succeed. For more information, give us a call at (860) 223-0200 or visit our website at https://polamfcu.com/ . Let's grow together!

Comprehensive List Of Services

Business Banking Services

For business owners, we offer tailored solutions such as merchant services and business loans. We understand the challenges of running a business and are here to support your growth with financial products designed specifically for you.

Cash Withdrawal and Drive-Thru Services

For those who prefer in-person transactions, we also have an ATM for quick cash withdrawals and a basic drive-thru service where you can handle deposits and simple transactions without leaving your car. At Polam, we're committed to making banking easy and accessible for everyone in the community. If you're interested in learning more about any of our services or have questions about how we can assist you, please don't hesitate to reach out at (860) 223-0200. Visit us today or explore more on our website at https://polamfcu.com/ . Your financial well-being is our priority!

Credit Card Options

Our credit cards with rewards allow you to earn points for everyday purchases while enjoying flexibility in payments. Whether it's travel perks or cash back on groceries, these cards add value to your spending habits.

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why we provide robust online and mobile banking features. With just a few taps on your smartphone or clicks on your computer, you can manage your accounts anytime, anywhere. Our digital services include person-to-person payments, allowing you to send money quickly and securely.

Personal Banking Solutions

When it comes to personal finance, we offer various options tailored to fit your lifestyle. Our checking and savings accounts provide flexible solutions for managing your money. Whether you're saving for a big purchase or need easy access to funds, our accounts are designed to meet those needs. If you're considering purchasing a vehicle, our auto loans and vehicle financing options can help you get behind the wheel without breaking the bank. We understand that every dollar counts, so we strive to offer competitive rates that fit your budget. For those looking to buy a home or refinance an existing mortgage, we provide comprehensive mortgage loans that guide you through every step of the process. We believe in making homeownership accessible and stress-free. Additionally, if you're facing unexpected expenses or looking to consolidate debt, our personal loans are here to assist. We aim to ease your financial burdens with straightforward terms and fair rates.

Digital & Online Banking

Key Features

Our online banking platform is available 24/7 at https://polamfcu.com/ . This means you can check your balances, transfer funds, and pay bills anytime you like, all from the comfort of your own home or while you're out and about. With our easy-to-use mobile application, managing your money is just a tap away. And yes, you can even make mobile payments with ease! For those who prefer paperless options, we provide e-statements for all members. You can access your statements anytime without cluttering your mailbox. Plus, if you ever need to sign documents electronically, our electronic signature authorization makes it quick and hassle-free.

Security & Accessibility

Your security is our top priority. Our online banking services are equipped with advanced security features to keep your information safe. You can rest assured knowing that when you use our services, your data is protected. Managing your finances has never been more accessible. We also offer person-to-person transfers so you can send money to friends or family instantly without any fuss. With everything designed for ease of use, you'll find that handling your banking needs is not only simple but also efficient. At Polam, we believe in empowering our members with tools that enhance their financial well-being. Join us today and experience the freedom of digital banking!

Financial Strength

Commitment to Operational Efficiency

Our operational efficiency is reflected in our $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 14 full-time employees and 7 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Growing Member Base

Total Share and Deposit Accounts: 6,333, showing a strong and growing member base that trusts us with their finances. Net Shares available for lending and investments total $2,463,245, further demonstrating our capacity to support your needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Polam is your trusted partner. Visit us at 55 Broad St New Britain Ct 06053 or call (860) 223-0200 to learn more about how we can help you achieve your financial goals.

Member Savings Security

Members' savings are secured through $7,923,265 in share certificates, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $2,242,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Reinvestment for Better Services

With $10,527,777 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals across various sectors with $1,036 in used auto loans and $63,416,457 in total loans and leases.

Strong Financial Health

With a net worth of $10,527,777, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,415 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 $4,941,521 in used vehicle loans and $2,764,344 in new vehicle loans already helping members get on the road. Whether you're eyeing a brand-new model or a reliable used vehicle, we have flexible financing options tailored for you.

Business Financing

For business owners, our outstanding commercial loans totaling $3,586,286 provide the capital needed to grow and expand. Whether you're starting a new venture or enhancing an existing one, our business loan options are here to support your ambitions.

Credit Lines

If you're looking for additional flexibility in managing expenses, consider our total credit lines available up to $5,000,000. This option provides quick access to funds when you need them most, allowing for easier budgeting and cash flow management. Whether you're considering refinancing or exploring eligibility options for any of these products, our team is ready to assist you every step of the way. Feel free to reach out to us at (860) 223-0200 for more information or visit us at 55 Broad St New Britain Ct 06053 in New Britain, CT. 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 look forward to helping you navigate your financial journey!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $8,404,799, make buying or refinancing simple. We provide personalized assistance to guide you through the mortgage process, ensuring you find the right fit for your budget and lifestyle.

Unsecured Credit Card Loans

Managing your finances effectively is crucial, and we offer flexible terms on unsecured credit card loans. With a total of $168,318 in loans available, our credit cards come with competitive rates and rewards designed to meet your everyday spending needs.

Loan Aggregator

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POLAM FEDERAL CREDIT UNION