Selco Community Credit Union Salem OR | Affordable Auto Loans & Quick Personal Loans

Introduction

Welcome to Selco Community, your trusted partner in financial success! Located at 3833 Commercial St Se, Salem, OR 97302, we have proudly served our community since 1936. With a strong commitment to our members, we currently support over 151,949 individuals and families, helping them achieve their financial goals. At Selco Community, we understand that banking is not just about numbers; it's about relationships. We are here to guide you through every step of your financial journey, whether you're looking for personal banking solutions or business services. Our total assets amount to an impressive $2,802,454,807, and with $249,663,260 in deposits and a net worth of $317,004,342, you can trust us to safeguard your finances. Our dedicated team of 461 employees, led by CEO Bob Newcomb and Board President Carol Beckley, is always ready to assist you. We pride ourselves on being approachable and responsive to the needs of our members. You can reach us at 503-315-4300 during our lobby hours from 9:00 AM to 5:30 PM Monday through Thursday and until 6 PM on Fridays. While you can visit us at our Salem branch for all your banking needs, official correspondence should be sent to our mailing address at PO Box 7487, Springfield, OR 97475. Explore our wide range of services from checking and savings accounts to auto loans and mortgage financing all designed with your best interests in mind. At Selco Community, we are more than just a credit union; we are a part of your community. Ready to take the next step? Visit our website at selco.org or call us today! Your financial future starts here!

Branch History & Mission

Community Engagement

Our dedication extends beyond transactions. We actively participate in community outreach efforts and partner with local organizations to enhance the quality of life in Salem. From sponsoring events to offering educational workshops on financial literacy, we are passionate about giving back and helping our neighbors thrive. In addition to traditional banking services such as checking and savings accounts, auto loans, mortgage loans, personal loans, and credit cards with rewards, Selco Community embraces digital advancements. Members can enjoy online and mobile banking options that make managing finances simple and efficient.

Join Us

We invite you to be part of our story at Selco Community. Experience firsthand how we blend exceptional financial services with a heartfelt commitment to community support. Reach out today at 503-315-4300 or visit us online at selco.org to learn more about membership opportunities and how we can help you achieve your goals. Together, let's build a brighter future for Salem!

Our Mission

At Selco Community, our mission goes beyond just banking. We are committed to providing personalized financial solutions while supporting the local community. Our goal is to empower members with the resources they need to achieve their financial dreams whether that's buying a home, financing a vehicle, or managing personal finances effectively. We believe in making banking accessible and convenient for everyone. That's why we offer features like ATM availability and drive-thru banking services. With operating hours from 9:00 AM to 5:30 PM Monday through Thursday and until 6:00 PM on Fridays, we strive to accommodate your busy schedule.

Branch Location & Accessibility

ATM Availability

Need cash on the go? Our branch features an ATM that allows you to make withdrawals and check your balance anytime just another way we aim to make banking easy for you. While members can visit us at our physical location on Commercial St., official correspondence should be sent to our mailing address: PO Box 7487, Springfield, OR 97475. We invite you to stop by Selco Community today! Whether you're looking to open a new account or simply have questions about our services, feel free to call us at 503-315-4300. We look forward to serving you!

Accessibility and Features

At Selco Community, we believe that banking should be accessible to everyone. Our branch is designed with ADA compliance in mind, featuring ramps and spacious pathways to ensure all members can navigate easily. We also offer ample parking right outside our doors, so you won't have to worry about finding a spot when you visit.

Operating Hours

We understand that life can get busy, which is why our lobby hours are designed to fit your schedule. You can visit us from 9:00 AM to 5:30 PM Monday through Thursday and until 6:00 PM on Fridays. If you're in a rush or prefer the convenience of drive-thru banking, we've got you covered there too!

Services Offered

At Selco Community, we provide a range of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we're here to help you achieve your financial goals. We also offer credit cards with rewards and business banking solutions for entrepreneurs looking for support.

Member Eligibility

At Selco Community, we believe that becoming a member is like joining a caring family that looks out for your financial well-being. To become part of our community, you'll need to meet certain eligibility criteria that are designed to ensure our members share in the values and mission of our credit union. Typically, individuals who live, work, or worship in the area around 3833 Commercial St Se Salem Or 97302 can easily qualify for membership. We welcome everyone with open arms and are excited to offer you access to a range of financial products and services tailored just for you. Opening an account with us is a straightforward process! You can find all the details about eligibility and how to start your membership journey on our website at . If you have any questions or need assistance along the way, feel free to give us a call at (503) 315-4300. We're here to help you every step of the way as you take this exciting step toward better banking with Selco Community!

Business Banking & Commercial Services

Loan Options for Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $316 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $8 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $304,942,049, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In addition to loans, our merchant services make managing transactions easier for you. Whether you're running a brick-and-mortar shop or an online store, having reliable payment processing is crucial. Our services ensure that your customers can pay easily, allowing you to focus on what you do best growing your business. Visit us at 3833 Commercial St Se Salem Or 97302 in Salem, OR, or call us at (503) 315-4300 to discover how we can partner with you on your journey toward success!

Comprehensive List Of Services

Accessible Service Options

For those who prefer face-to-face interactions, our basic drive-thru banking allows for quick deposits, withdrawals, and other simple transactions without leaving your vehicle. And if you need quick cash or balance checks, our ATMs are always available. At Selco Community, we strive to create a welcoming environment where all members feel valued and supported. With our comprehensive range of services tailored just for you, there's no need to look anywhere else for your financial needs. Ready to learn more? Give us a call at (503) 315-4300 or visit us at https://www.selco.org/ today! Let's work together towards your financial goals!

Business Banking

For entrepreneurs and small business owners, we offer robust business banking solutions including merchant services and business loans. You can focus on growing your business while we handle the financial details.

Credit Solutions

If you're feeling weighed down by debt, consider our personal loans and debt consolidation services. We're here to help you take control of your finances again. Plus, with our credit cards offering rewards, you can earn points on everyday purchases while enjoying financial flexibility.

Digital Banking Convenience

In today's fast-paced world, access to your finances anytime is crucial. That's why we provide online and mobile banking services that allow you to check balances, transfer funds, and pay bills with just a few clicks or taps on your smartphone. Our ATM services also ensure that cash withdrawal is easy wherever you go.

Mortgage Options

Looking to buy a home? Our mortgage loans and refinancing options are designed to make homeownership accessible. We understand that purchasing a house can be overwhelming, so our team is ready to guide you through every step of the process.

Personal Banking

Our personal banking services include checking and savings accounts that cater to various lifestyles. Need a safe place for your money? Our accounts come with features that make managing your funds simple and straightforward. When it comes to financing a new vehicle, our auto loans offer competitive rates and flexible terms. Imagine driving off in your dream car without breaking the bank!

Digital & Online Banking

At Selco Community, we understand that convenience and security are vital to your banking experience. That's why we offer a range of digital and online banking services designed to make managing your finances easier than ever. With our user-friendly platform, you can access your accounts anytime, anywhere, ensuring you're always in control of your money. One of the standout features is our robust online banking service, which you can explore at https://www.selco.org/. Whether you're checking your balance or transferring funds, everything is just a few clicks away. You also have the option to enroll in e-statements, making it easy to keep track of your transactions while helping the environment by reducing paper waste. For those on the go, our mobile application brings all these features right to your fingertips. With mobile payments available, paying for everyday purchases is quick and hassle-free. Plus, our person-to-person transfer feature allows you to send money to friends and family instantly, making splitting bills or sharing expenses easier than ever. Security is a top priority at Selco Community. We provide electronic signature authorization for added peace of mind when signing important documents online. This ensures that your information remains secure while allowing you to complete transactions swiftly. With 24/7 online banking services, managing your finances has never been more accessible. You can check balances, make transfers, and pay bills whenever it suits you no need to wait for branch hours. Whether you're at home or out and about, Selco Community is committed to providing you with an efficient and safe banking experience tailored to your needs.

Financial Strength

At Selco Community, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. With strong performance indicators, we provide reassurance that your finances are in safe hands. Our net worth of $317,004,342 reflects our robust financial health, enabling us to offer better rates, lower fees, and enhanced services tailored to your needs. This is supported by a net worth ratio of 11.31, demonstrating a solid capital foundation. This ensures that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $690,765,865 in share certificates and $668,373,291 in money market shares, which offer stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, our resources are focused on benefiting you through better loan rates and exclusive perks. With $297,690,079 in undivided earnings, we reinvest in innovative banking tools and stronger lending options to serve our members better. Our lending capacity is significant; we have $22,884 in used auto loans and a total of $1,940,244,169 in loans and leases, supporting members' financial goals across various sectors. Our operational efficiency is evident with a net income of $17,674,444, allowing us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 449 full-time employees and 12 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team. With $10,247,071 available for lending and investments as net shares and a growing member base reflected by 314,844 total share accounts, it's clear that our community trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Selco Community is your trusted partner. Visit us at 3833 Commercial St Se Salem Or 97302 or call 503-315-4300 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.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $321,879,870 in used vehicle loans and $551,353,076 in new vehicle loans already helping members get on the road. We provide financing options that cater to both new and used vehicles, ensuring you find the right fit for your budget.

Business Loans

For business owners, our outstanding commercial loans totaling $304,942,049 provide the capital needed to grow and expand. We understand that running a business comes with its challenges, and we're here to help you overcome them with our supportive loan products.

Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $39,523,951 in loans helping members manage their finances effectively. Our credit cards come with various benefits designed to enhance your purchasing power while keeping your finances manageable.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $153,131,018, make buying or refinancing simple. We offer personalized guidance through every step of the process so that you feel confident in making one of life's biggest investments.

Refinancing Options

If you're looking to lower your monthly payments or take advantage of better rates, we offer refinancing options across our loan products. This can be an effective way to adjust your financial strategy as your needs change over time. Our team is here to assist you with any questions regarding eligibility and application processes. Feel free to reach out at (503) 315-4300, or visit us at 3833 Commercial St Se Salem Or 97302 in Salem, OR during our operating hours from 9:00 am to 5:30 pm Monday through Thursday, and until 6:00 pm on Friday. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Your financial future is important to us let's build it together!

Loan Aggregator

Benefits of Using LendMesh

- Verified Data: All loan offers are sourced from legitimate financial institutions, ensuring transparency in what you see. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results so you can trust the information presented. - Real-Time Rate Comparisons: Get up-to-date loan rates from multiple institutions, helping you make choices that align with your financial goals. Thousands of users trust LendMesh for their loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" 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.

How LendMesh Ensures Accurate Comparisons

Loan data on LendMesh is sourced 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 ensures that users receive fair and transparent offers. Each loan comparison you see on LendMesh reflects the current rates offered by legitimate financial institutions, providing a solid foundation for making informed decisions.

Selco Community