Share Advantage Credit Union Duluth MN | Affordable Auto Loans & Online Banking

Introduction

Welcome to Share Advantage, your trusted financial partner located at 502 E 2Nd St, Duluth, MN 55805. Established in 1926, our credit union has proudly served the community for over 95 years, building a strong foundation of trust and support for our 3,943 members. With total assets amounting to an impressive $57,269,001, we are dedicated to providing exceptional banking services that cater to your needs. At Share Advantage, we believe in the power of community. Our commitment is reflected not only in our competitive rates and personalized services but also in the impact we make together as a member-focused institution. We have facilitated 1,362 loans and leases totaling $69,264,25 in deposits, ensuring that our members can achieve their financial goals with confidence. Under the leadership of our CEO, Kellee Lueck Schafer, and Board President Scott Nigon, our team works tirelessly to create a welcoming environment where you can manage your finances effectively. Whether you're looking for personal banking options like checking and savings accounts or need assistance with auto loans and mortgages, we're here to help. For any official correspondence, please note that while you can visit us at our branch location, mail should be directed to the same address: 502 E 2nd St, Duluth, MN 55805-1913. Feel free to reach out to us at 218-740-2244 or explore our services online at myshareadvantage.com. We invite you to stop by or give us a call; we look forward to assisting you on your financial journey!

Branch History & Mission

Community Focus

Community connection is at the heart of everything we do. We engage with local organizations and support initiatives that uplift our neighbors in Duluth. By forging partnerships with local nonprofits and participating in community events, we strive to make a positive impact beyond just finances. As technology advances, so do we. With options like online banking, mobile payments, and electronic signatures available to our members, managing finances has never been easier or more secure. Additionally, we ensure that our services are accessible to everyone by maintaining ADA compliance across all platforms.

Join Us

With operating hours from Monday to Thursday from 8:00 AM to 4:00 PM and Friday from 7:30 AM to 4:00 PM, we invite you to come visit us or give us a call at (218) 740-2244. Explore the many benefits that Share Advantage has to offer because when you join us, you're not just becoming a member; you're joining a family that cares about your financial future. Let's build a brighter tomorrow together! For more information on membership eligibility or to learn about our services further, please visit our website. Your journey towards better financial health starts here!

Our Mission

The mission of Share Advantage is simple yet powerful: we aim to improve the financial well-being of our members and the community at large. We believe that banking should be straightforward and supportive. That's why we offer a range of services including checking and savings accounts, auto loans, mortgage options, personal loans, and business banking solutions. We take pride in our customer-centric approach. Our team is dedicated to helping you achieve your financial goals through personalized service and community outreach programs. This means whether you need assistance with budgeting or are looking for financing options for your next vehicle purchase, we are here for you every step of the way.

Branch Location & Accessibility

Welcome to Share Advantage, your friendly neighborhood credit union located at 502 E 2nd St in Duluth, MN! Nestled in the heart of Saint Louis County, our branch is easy to find and offers convenient access to all your banking needs. If you're looking for us, just look for the vibrant local shops nearby or take a stroll along the scenic Lake Superior waterfront both are just a stone's throw away! At Share Advantage, we prioritize accessibility for all our members. Our branch is equipped with features that ensure everyone can visit us comfortably, including ADA-compliant entrances and ample parking options. Whether you're stopping by for a quick transaction or need assistance with your finances, our team is here to help. We know your time is valuable, which is why our operating hours are designed to fit your busy schedule. You can visit us Monday through Thursday from 8:00 AM to 4:00 PM and on Fridays starting at 7:30 AM until 4:00 PM. For those who prefer digital banking, we also offer services like online and mobile banking. Need cash on the go? We have an ATM available right outside for quick withdrawals and balance checks. However, please note that we currently do not offer drive-thru banking services. While members can visit us at 502 E 2nd St, official correspondence should be sent to the same address. If you have any questions or need assistance before visiting, feel free to give us a call at 218-740-2244. We invite you to come in and experience the community-focused service that makes Share Advantage special. We can't wait to assist you with all your personal banking needs!

Member Eligibility

At Share Advantage, we believe that becoming a member means joining a supportive family where everyone works together for each other's financial well-being. If you live, work, or attend school in our vibrant community around 502 E 2Nd St Duluth Mn 55805, you're already on the path to membership! We welcome individuals who share our commitment to making financial decisions with care and responsibility. For more specific eligibility details, feel free to check out our website at http://www.myshareadvantage.com/membership. Once you're ready to open an account, the process is straightforward and friendly just give us a call at (218) 740-2244. Our team is here to guide you every step of the way, ensuring you feel confident and supported as you start your journey with us. Join us at Share Advantage today and discover all the advantages of being part of our credit union community!

Business Banking & Commercial Services

Financing Your Vision

Whether you're looking to expand your operations, purchase new equipment, or manage cash flow, our commercial loan options are designed with your needs in mind. Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $9 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $1,411,531, we continue to drive economic growth by financing new and expanding businesses.

Streamlining Transactions with Merchant Services

In addition to loans, we offer comprehensive merchant services that help streamline payment processing for your business. Imagine being able to accept payments from customers quickly and securely, whether they are shopping online or visiting your store. Our services simplify transactions, allowing you more time to focus on what matters most growing your business. Visit us at 502 E 2Nd St Duluth Mn 55805 or call us at (218) 740-2244 to learn how we can support your business journey today!

Comprehensive List Of Services

Business Banking Support

Entrepreneurs will find valuable support at Share Advantage with our business banking services, including merchant services and business loans. Starting or expanding your business should be exciting not stressful! Our team is here to help guide you through each step of the process.

Convenient Digital Banking Features

We understand that convenience is key in today's fast-paced world. That's why we offer comprehensive online and mobile banking features. With options like person-to-person payments and ATM access for withdrawals and balance checks, managing your finances has never been easier. Whether you're at home or on the go, our digital tools provide peace of mind knowing that your bank is right at your fingertips.

Get Started Today!

Ready to explore what Share Advantage can do for you? Reach out to us at (218) 740-2244 or visit our website at Smdc Branch for more information on how we can assist you in achieving your financial goals. Join us today and experience the difference a community-focused credit union can make!

Loans Made Simple

Life can throw unexpected expenses your way. Our personal loans and debt consolidation options are here to ease those financial burdens. Imagine consolidating multiple debts into one manageable monthly payment, allowing you to regain control over your finances. For those who love rewards, our credit cards with rewards program lets you earn points on everyday purchases. Whether it's cash back for groceries or travel rewards for your next adventure, we've got you covered.

Personal Banking Solutions

Managing your money should be straightforward. That's why we offer personal banking services including checking and savings accounts that fit your lifestyle. Imagine effortlessly tracking your spending or saving for that dream vacation with our user-friendly online banking platform. You can access your accounts anytime, anywhere, and even deposit checks using our mobile app! If you're in the market for a vehicle, our auto loans and vehicle financing options can help you hit the road in no time. Picture driving away in your new car with financing tailored just for you. We also provide mortgage loans and refinancing opportunities, making homeownership more attainable than ever.

Digital & Online Banking

Accessibility and Ease-of-Use

Every aspect of our digital banking services is designed with you in mind. From the user-friendly interface of our mobile application to the real-time account management tools available through online banking, we aim to make your banking experience as smooth as possible. At Share Advantage, we're committed to providing you with the tools you need for effective financial management while ensuring that everything is safe and secure. Experience the convenience of modern banking today!

Key Features

Our mobile application brings even more flexibility to your banking experience. You can make mobile payments with just a tap, making everyday transactions quick and easy. Want to send money to friends or family? Our person-to-person transfer feature allows you to do just that with minimal hassle. We prioritize security in all our digital offerings. With electronic signature authorization available, signing documents securely is straightforward and efficient. And if you're environmentally conscious, you'll appreciate our e-statements feature, which helps you manage your finances while reducing paper waste.

Financial Strength

Commitment to Growth

With $5,360,197 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 $491 in used auto loans and $36,609,881 in total loans and leases.

Growing Member Base

Total Share and Deposit Accounts: 6,989, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $4,102. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Share Advantage is your trusted partner. Visit us at 502 E 2Nd St Duluth Mn 55805 or call (218) 740-2244 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.

Member-Focused Savings

Members' savings are secured through $4,919,616 in share certificates and $3,282,742 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 $125,892 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 11 full-time employees and 3 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Solid Financial Foundation

With a net worth of $6,493,407, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 11.34% 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

Additional Support for Businesses

For business owners, our outstanding commercial loans totaling $1,411,531 provide the capital needed to grow and expand. We are dedicated to supporting local businesses and fostering economic development within our community.

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $5,294,616 in used vehicle loans and $2,204,818 in new vehicle loans already helping members get on the road. We provide flexible terms and fast approvals to ensure you can drive away in your new ride quickly.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $2,452,784, make buying or refinancing simple. We aim to help you navigate the mortgage process with ease, whether it's your first home or an investment property.

Refinancing Options

If you're considering refinancing any of your existing loans, we invite you to explore our options tailored specifically for you. Our team is ready to assist you in finding a solution that aligns with your financial goals. If you'd like more information about our loan offerings or wish to discuss eligibility options further, please don't hesitate to reach out! You can contact us at (218) 740-2244 or visit us at 502 E 2Nd St Duluth Mn 55805 in Duluth, MN. For additional insights and data on our performance and services, we source information from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. At Share Advantage, we're here to help you take the next step towards achieving your financial aspirations!

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $341,546 in loans helping members manage their finances effectively. This is a great option if you need quick access to funds without collateral.

Loan Aggregator

Accurate Loan 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. By using verified data, LendMesh guarantees that the loan offers listed are legitimate and trustworthy.

Benefits of Using LendMesh

- Verified Data: All loan offers come from reputable financial institutions, ensuring transparency in the comparison process. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results for all users. - Real-Time Rate Comparisons: Users benefit from up-to-date loan rates from multiple institutions, which helps them make well-informed financial choices. 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!" This testimonial highlights how effective LendMesh is in assisting consumers in navigating the complex world of loans. 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.

SHARE ADVANTAGE CREDIT UNION - Duluth, MN

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