Power One Credit Union Fort Wayne IN | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Power One Federal Credit Union, where our commitment to serving the community has been unwavering since our establishment in 1935. Located at 1520 Spy Run Ave, Fort Wayne, IN 46805, we pride ourselves on being a trusted financial partner for over 1,341 members. With assets totaling an impressive $17,208,974 and total deposits reaching $524,864, we are dedicated to providing personalized financial solutions tailored to your needs. At Power One, we understand that every member's journey is unique. That's why we offer a wide range of services including checking and savings accounts, auto loans, mortgage refinancing, and credit cards with rewards. Our goal is to empower you with the tools necessary for financial success. Under the leadership of our CEO, Tameka Garmon, and Board President, Wally Vandagriff, we strive to create a welcoming atmosphere where your financial goals are prioritized. While you can easily visit us at our branch for face-to-face consultations or support during our lobby hours Monday through Friday from 9 AM to 5:15 PM and Wednesday from 9 AM to 1 PM official correspondence should be sent to our mailing address: 1520 Spy Run Ave, Fort Wayne, IN 46805-4031. With a team of dedicated professionals ready to assist you and a robust offering of products designed with your best interests in mind, we're here to help you navigate your financial future with confidence. Ready to take the next step? Call us today at (260) 425-2324 or visit our website at poweronefcu.org for more information. Your journey towards financial empowerment starts here!

Branch History & Mission

At Power One Federal Credit Union, we are proud of our rich history and commitment to our community. Founded in 1935, our branch in Fort Wayne, Indiana has grown from humble beginnings into a trusted financial partner for over 1,300 members. Located at 1520 Spy Run Ave, we are easily accessible to those in the heart of the city. Over the years, Power One has continuously adapted to meet the needs of its members. With total assets now exceeding $17,208,974, we've been able to provide a wide range of services including personal banking, auto loans, and mortgage options. Our mission is clear: we strive to empower individuals and families by providing affordable financial solutions while fostering a spirit of community support. As we look back on our journey, we celebrate significant milestones that have shaped us. From opening our doors in 1935 to expanding our offerings today, every step has been guided by our commitment to member service and financial education. We aim not just to be a place for transactions but a hub for growth and opportunity within Fort Wayne. Our vision extends beyond just banking. We believe in giving back to the community that has supported us throughout the years. This includes partnerships with local organizations and initiatives aimed at enhancing the quality of life for residents. Whether through financial literacy programs or community events, we are dedicated to making a positive impact. We understand that banking needs are changing with technology. That's why we offer online banking services, allowing members to manage their finances conveniently from anywhere. We also prioritize accessibility by ensuring ADA compliance in all our facilities. While members can visit us at 1520 Spy Run Ave, official correspondence should be sent to 1520 Spy Run Ave, Fort Wayne, IN 46805-4031 if different from our branch address. Our operating hours are Monday, Tuesday, Thursday, and Friday from 9 AM to 5:15 PM, with Wednesday hours extending until 1 PM. If you're looking for a financial institution that prioritizes your needs and supports the local community, we invite you to join Power One Federal Credit Union. Experience personalized service and become part of a family dedicated to your financial well-being! For more information or questions about membership, feel free to contact us at 260-425-2324 or visit our website at Power One FCU. Together, let's build a brighter financial future!

Branch Location & Accessibility

Welcome to Power One Federal Credit Union, your go-to financial partner located at 1520 Spy Run Ave, Fort Wayne, IN 46805. Nestled in the heart of Fort Wayne, our branch is conveniently situated near popular local landmarks, making it easy for you to stop by while running errands or enjoying a day out. Whether you're heading to nearby parks or shopping centers, we're just around the corner! Our branch is designed with your comfort in mind. We offer ample parking and ensure that our facilities are accessible to everyone, including features like ramps for those who need them. While you can visit us at this address for all your banking needs, please remember that official correspondence should be directed to 1520 Spy Run Ave, Fort Wayne, IN 46805-4031. At Power One, we understand that your time is valuable. That's why we offer flexible operating hours: our lobby is open Monday, Tuesday, Thursday, and Friday from 9 AM to 5:15 PM, and on Wednesday from 9 AM to 1 PM. This means you can easily find a time that works for you to come in and discuss your financial goals with our friendly staff. Though we do not have ATM services or drive-thru banking at this location, our dedicated team is ready to assist you with a range of services right inside the branch. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we are here to help you navigate your financial journey smoothly. If you have any questions or need assistance before your visit, feel free to give us a call at 260-425-2324. We're excited to meet you and help you achieve your financial dreams!

Member Eligibility

At Power One, we believe in building a strong, supportive community where everyone can thrive. Becoming a member is easy and opens the door to a world of financial opportunities tailored just for you. To qualify for membership at our branch located at 1520 Spy Run Ave Fort Wayne In 46805, you simply need to meet certain criteria that reflect our commitment to serving individuals in the local area. Generally, anyone who lives, works, or worships in our community is eligible to join us. We welcome people from all walks of life and are excited to help you achieve your financial goals. Joining Power One not only grants you access to a wide range of financial services but also connects you with a team dedicated to your success. From checking and savings accounts to loans and credit cards with rewards, we have something for everyone. If you're curious about the specific eligibility details, feel free to explore more on our website at https://www.poweronefcu.org/membership/. Should you have any questions or want assistance with the account opening process, don't hesitate to call us at (260) 425-2324. We're here to make your journey into membership smooth and enjoyable!

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 $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In addition to loans, our merchant services make it easier for businesses to handle transactions efficiently. Picture a local shop using our payment processing solutions to accept credit cards seamlessly allowing customers to pay quickly and securely while improving cash flow. Let Power One be your partner in success! Visit us at 1520 Spy Run Ave, Fort Wayne, IN 46805 or call us at 260-425-2324 to learn more about how we can help your business thrive.

Comprehensive List Of Services

Auto Loans & Vehicle Financing

If you're considering purchasing a vehicle, our auto loans and vehicle financing options make it easy for you to drive off in your dream car. We offer flexible terms and competitive rates tailored to fit your budget, ensuring that you can get on the road without breaking the bank.

Business Banking

For entrepreneurs and small business owners, our business banking services, including merchant services and business loans, are designed to support your growth. We understand the challenges of running a business and are committed to providing tailored financial solutions that help you succeed.

Credit Cards with Rewards

Looking for ways to maximize your spending? Our credit cards with rewards program offers benefits that fit your lifestyle. Earn points on everyday purchases that can be redeemed for travel, merchandise, or cash back, giving you more value for every dollar spent.

Mortgage Loans & Refinancing

For those looking to buy a home or refinance an existing mortgage, our mortgage loans and refinancing options provide affordable solutions. Our experienced team will guide you through the process, helping you find the right loan that meets your needs while securing the best possible rate.

Online & Mobile Banking

In today's fast-paced world, convenience is key. That's why we offer comprehensive online and mobile banking services that let you manage your finances anytime, anywhere. With features like online bill pay and person-to-person payments, staying on top of your accounts has never been easier. At Power One, we aim to empower our members through accessible financial resources and personalized service. If you're ready to take control of your financial journey or have any questions about our offerings, don't hesitate to reach out! Call us at (260) 425-2324 or visit us at 1520 Spy Run Ave Fort Wayne In 46805 today! We look forward to serving you!

Personal Banking

Starting with personal banking, our offerings include checking and savings accounts designed to help you save for the future while providing easy access to your money. We understand that life can be unpredictable; that's why having a solid foundation in personal finance is essential. With competitive interest rates and no hidden fees, managing your day-to-day expenses becomes much simpler.

Personal Loans & Debt Consolidation

Life can throw unexpected expenses your way. That's where our personal loans and debt consolidation services come into play. Whether it's for medical bills or home repairs, we offer straightforward borrowing solutions that allow you to manage unforeseen costs without stress.

Digital & Online Banking

Key Features

Our online banking service gives you 24/7 access to your accounts, allowing you to check balances, transfer funds, and pay bills whenever it suits you. You can also take advantage of e-statements, which offer a quick and eco-friendly way to keep track of your financial activity without the clutter of paper statements. If you need to send money to friends or family, our person-to-person transfer feature makes it easy. Simply log in, enter their information, and send money in a few clicks. Plus, for those who prefer mobile banking, our user-friendly mobile application is available for download. It brings all the capabilities of online banking right to your fingertips.

Security and Ease-of-Use

We prioritize your security while making sure our services are easy to use. Our systems are built with strong protections so you can feel confident when accessing your accounts. Although we currently do not offer electronic signature authorization or mobile payments, we continually seek ways to enhance your experience. At Power One, we believe that banking should fit into your life seamlessly. With our digital offerings, managing your money has never been easier! For more information about our services, visit us today at https://www.poweronefcu.org/.

Financial Strength

A Growing Membership Base

The trust our members place in us is evident as we manage a total of 2,554 accounts. This shows a strong and growing member base that relies on Power One for their banking needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Power One is your trusted partner. Visit us at 1520 Spy Run Ave Fort Wayne In 46805 or call (260) 425-2324 to learn more about how we can help you achieve your financial goals.

Dedicated Workforce

We also take pride in having 6 full-time employees and 1 part-time employees who ensure our branches are always ready to serve you with a knowledgeable, committed team. Our operational efficiency is reflected in our $0, allowing us to continue offering competitive loan rates and solid financial products tailored for you.

Investing Back into Our Community

With $2,623,791 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 $369 in used auto loans and $15,088,369 in total loans and leases.

Member-Centric Savings

Members' savings are secured through $2,478,622 in share certificates, offering stable and rewarding financial growth opportunities. While we prioritize our members, it's important to note that non-member deposits stand at $0, which means our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Strong Financial Health

With a net worth of $2,623,791, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,525 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 $4,105,872 in used vehicle loans and $1,204,924 in new vehicle loans already helping members get on the road. Whether you're purchasing a new or used vehicle, we provide flexible terms and competitive rates to make the process as straightforward as possible.

Credit Lines and Refinancing Options

For those looking for additional flexibility, our credit lines offer up to $2,450,000 in available funds. If you're considering refinancing existing loans or are curious about eligibility options for any of our products, our team is here to provide information and support tailored to your needs. At Power One Federal Credit Union, we pride ourselves on providing transparent information and exceptional service. Our 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 how our loan offerings can fit into your financial journey today!

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $66,770, making buying or refinancing simple. We're committed to guiding you through every step of the home-buying process so you can make informed decisions that align with your financial plans.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $1,443,350 in loans helping members manage their finances effectively. These cards come with various features designed to meet your spending habits and repayment preferences.

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Power One