Riverways Credit Union Salem MO | Affordable Auto Loans & Business Banking

Introduction

Welcome to Riverways, your trusted partner in financial well-being, located at 600 S Main St, Salem, MO 65560. Since our establishment in 1959, we have been dedicated to serving our community and providing exceptional financial services tailored to meet the needs of our members. With a growing membership of 9,886 individuals and total assets reaching an impressive $109,421,922, we are proud to be a cornerstone of financial support in Salem. At Riverways, we understand that banking is not just about numbers it's about relationships. Under the leadership of our CEO, Scott Shults, and Board President, Phil Rufe, we strive to create a welcoming environment where every member feels valued. Our team of 38 employees is committed to ensuring you receive personalized service that fits your lifestyle. Our offerings include a variety of products and services such as checking and savings accounts, auto loans, mortgage loans, personal loans, credit cards with rewards, and business banking solutions. With total deposits amounting to $1,595,226 and cash reserves of $3,159,064, you can rest assured that your money is safe with us. Whether you're looking for assistance with loans or simply want to explore our financial resources online at riverwaysfcu.com, we invite you to visit our branch or give us a call at 573-739-3113. Together, let's build a stronger financial future!

Branch History & Mission

Riverways has a rich legacy that began in 1959 when we first opened our doors in the heart of Salem, MO. Nestled at 600 S Main St, our branch has grown alongside the community, evolving into a trusted financial partner for nearly 10,000 members. Over the years, we have proudly amassed total assets of $109,421,922, demonstrating our commitment to financial stability and growth for our members. Our mission is simple yet powerful: to provide exceptional financial services while fostering a strong sense of community support. At Riverways, we believe that everyone deserves access to quality banking services and resources that empower them to achieve their financial goals. Whether it's helping you secure an auto loan or offering business banking solutions, our dedicated team is here to guide you every step of the way. From our humble beginnings, Riverways has embraced innovation and digital advancements to better serve our members. We offer online banking, mobile applications, and even person-to-person payment options for convenience and ease of use. Our commitment to accessibility also includes ADA compliance and a shared service center, ensuring that all community members can benefit from our services. In addition to being a reliable financial institution, we actively engage in community outreach efforts. We partner with local organizations and initiatives to uplift those around us because we understand that our success is intertwined with the well-being of Salem and its residents. If you're looking for a place where your financial needs are met with care and dedication, we invite you to visit us at Riverways. While you can find us at 600 S Main St, official correspondence should be directed to our mailing address if it differs. With operating hours from Monday through Friday and Saturday mornings available for your convenience, we're here ready to serve you. Join us today and experience the benefits of membership at Riverways. Together, let's build a brighter financial future! For more information on how to become a member or apply for an account, please visit our website. Feel free to call us at 573-739-3113; we look forward to welcoming you into our family!

Branch Location & Accessibility

Accessibility Features

At Riverways, we prioritize accessibility. Our branch complies with ADA standards, featuring ramps and spacious entrances to accommodate all visitors. Whether you're coming in for a quick transaction or need assistance with your account, our friendly staff is here to help!

Call-to-Action

Ready to experience personalized banking? We invite you to visit us at our Salem location or give us a call at 573-739-3113 for any inquiries. Let Riverways be your trusted partner in achieving your financial goals!

Convenient Location

Our branch is conveniently situated near local landmarks like the beautiful Ozark National Scenic Riverways, making it easy for you to stop by while enjoying the stunning surroundings. We offer ample parking right outside our doors, ensuring you have a hassle-free experience when you visit us.

Operating Hours

We understand that life can be busy! That's why we offer flexible operating hours designed around your schedule. Our lobby is open Monday through Friday from 8:00 AM to 4:30 PM, and our drive-thru service runs from 7:30 AM to 5:30 PM on weekdays and from 9:00 AM to 12:30 PM on Saturdays. With both lobby and drive-thru options available, you can choose the method that suits you best.

Services Offered

At Riverways Salem Branch, we provide a wide range of services tailored to meet your financial needs. From checking and savings accounts to auto loans and mortgage refinancing, we have something for everyone. Plus, enjoy the ease of accessing an ATM right on-site! For those who prefer online services, we offer mobile banking options so you can manage your finances anytime, anywhere.

Member Eligibility

Becoming a member of Riverways is like joining a warm, welcoming family that truly cares about your financial well-being. If you're in the area or work here, you might be eligible to join us! We invite anyone who lives, works, worships, or goes to school in our community to become a part of our cooperative. This means that if you have ties to Salem and the surrounding areas, we'd love to welcome you. As a member, you'll enjoy not only competitive rates and personalized service but also access to a variety of financial products tailored just for you. Getting started is simple! To learn more about the eligibility criteria and find out if you qualify, visit us at http://www.riverwaysfcu.com/about-us/become-a-member. When you're ready to open an account, just head over to http://www.riverwaysfcu.com/loans/apply-now for easy instructions on how to apply. If you have any questions or need assistance, feel free to reach out to us at (573) 739-3113. We're excited to help you take this important step toward better banking at Riverways, located at 600 S Main St Salem Mo 65560!

Business Banking & Commercial Services

Merchant Services That Work for You

In addition to loans, we offer robust merchant services that simplify payment processing. Picture your business seamlessly accepting credit cards, mobile payments, and online transactions. This convenience not only enhances customer experience but also helps you manage cash flow more effectively. If you're interested in exploring how Riverways can support your business journey, visit us at 600 S Main St Salem Mo 65560, Salem, MO or give us a call at (573) 739-3113. Let's work together to turn your business goals into reality!

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $86 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $10,580,530, we continue to drive economic growth by financing new and expanding businesses. Imagine a local coffee shop looking to expand its seating area or a tech startup needing funds for new equipment; our loans are designed to empower these ventures and fuel their dreams.

Comprehensive List Of Services

ATM & Drive-Thru Services

Need cash quickly? Our ATM services allow for easy withdrawals and balance checks anytime you need them. If you prefer face-to-face interactions for deposits or withdrawals, our drive-thru service is available during extended hours for added convenience. We also participate in shared branch transactions for members of partner credit unions, allowing you access to additional banking services at various locations across the country.

Business Banking

For local business owners, we know how important it is to have reliable banking solutions. Our business banking services include merchant services and business loans tailored specifically for your needs. Whether you're just starting out or looking to expand, we're here to support your growth.

Call Us Today!

If you're ready to explore how Riverways can assist you on your financial journey, don't hesitate to reach out! Visit us at 600 S Main St Salem Mo 65560 in Salem, MO, or give us a call at (573) 739-3113. Together, we can build a brighter financial future!

Credit Cards and Rewards

Don't forget about our credit cards with rewards! These cards not only provide a convenient way to make purchases but also offer perks that can enhance your shopping experience. Picture earning points on every transaction that can be redeemed for travel or gifts it's an easy way to get more from your spending.

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking features. You can check balances, transfer funds, and pay bills all from the comfort of your home or on-the-go. With features like person-to-person payments, managing your finances has never been easier.

Personal Banking

When it comes to personal banking, we have you covered. From checking and savings accounts that help you manage your everyday finances to auto loans and vehicle financing that make getting on the road easier, our offerings are designed with your lifestyle in mind. Imagine driving away in a new car without the hassle of complicated paperwork our streamlined auto loan process makes it possible! For those considering home ownership or refinancing, our mortgage loans provide competitive rates and flexible options. We believe owning a home should be within reach for everyone, so we work closely with you to find the right solution. Plus, if you're dealing with debt, our personal loans and debt consolidation options can simplify your financial life.

Digital & Online Banking

Key Features

One standout feature is our Person-to-Person Transfers, which allow you to send money directly to friends and family with just a few taps. No more waiting for checks to clear or dealing with cash it's quick, easy, and secure. Additionally, if you prefer going paperless, our E-Statements Availability ensures that you can receive and review your account statements electronically. Security is always a top priority for us. While we currently do not offer Electronic Signature Authorization, rest assured that all transactions are protected by robust security measures, giving you peace of mind as you manage your financial activities online. Though we do not have a Mobile Payments Feature at this time, our commitment to improving member services remains strong. We continuously look for ways to enhance your experience and make banking as effortless as possible. At Riverways, we're here to help you manage your money in a way that works best for you. Explore our digital banking options today at http://www.riverwaysfcu.com and take charge of your financial future!

Financial Strength

Growing Membership Base

Total Share Accounts: 19,749, show a strong and growing member base that trusts us with their finances. Our net shares available for lending stand at $0, reinforcing our ability 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, Riverways is your trusted partner. Visit us at 600 S Main St Salem Mo 65560 or call (573) 739-3113 to learn more about how we can help you achieve your financial goals.

Investment in Member Services

With $6,664,489 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 robust; with $1,478 in used auto loans and $91,870,761 in total loans and leases, we support your financial goals across various sectors.

Member-Centric Savings Options

Members' savings are secured through $31,186,634 in share certificates and $8,486,414 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 $366,106 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 37 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Solid Financial Health

With a net worth of $9,224,833, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 8.43% 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

Are you considering buying a new car? Our auto loans provide some of the most competitive rates in the industry. We have already facilitated $12,087,423 in used vehicle loans and $245,834 in new vehicle loans to help our members get on the road with confidence. With flexible terms and straightforward application processes, our auto loans are tailored for your needs.

Business Loans

For business owners in our community, we recognize the importance of having capital available for growth. Our outstanding commercial loans amounting to $10,580,530 provide necessary funding for expansion and operational needs.

Credit Lines and Personal Loans

If you need extra funds for unexpected expenses or personal projects, we also provide credit lines totaling $30,620,820. This means you can access funds when you need them most without the hassle of reapplying each time. For those looking for additional financial flexibility, we offer unsecured credit card loans. While currently totaling $0, we encourage members to explore their options with us as we grow these offerings.

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $5,974,107. We aim to make the process of buying or refinancing as simple as possible. Whether you're a first-time homebuyer or looking to refinance your existing mortgage, we offer solutions that can fit various budgets and financial situations.

Refinancing Options

In addition to our diverse loan products, we also offer refinancing options for many types of loans. If you're looking to lower your interest rates or adjust your payment terms, please reach out to us to discuss eligibility and how we can assist you further. With all these options available at Riverways in Salem, MO, we're committed to supporting you on your financial journey. For more information on our loan offerings or to apply now, visit Riverways FCU or call us at 573-739-3113. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

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RIVERWAYS FEDERAL CREDIT UNION - Salem, MO

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