Shrewsbury Credit Union MA | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Shrewsbury Federal Credit Union, your trusted financial partner since 1960. Located at 489 Boston Tpke, Shrewsbury, MA 01545, we take pride in serving our community and meeting the diverse financial needs of our 9,373 members. With a strong commitment to reliability and personal service, our team is here to help you achieve your financial goals. At Shrewsbury Federal Credit Union, we understand that every member has unique needs. That's why we offer a wide range of services including checking and savings accounts, auto loans, mortgage refinancing, and business banking options. As a member-owned cooperative, we focus on providing competitive rates and personalized service rather than profit. Our assets total over $216 million, backed by $34 million in deposits and an impressive net worth of $17,944,177. With more than 4,583 loans on our books, we're dedicated to supporting your financial journey whether you're purchasing a new vehicle or planning for your future. While members can visit us at our branch location for personal assistance, official correspondence should be sent to our mailing address: P.O. BOX 227, SHREWSBURY, MA 01545-3949. You can reach us easily at (508) 845-6755 during our operating hours or explore our services online at www.shrewsburycu.com. Under the leadership of CEO James Dupont and Board President Gail Sokolowski, we are committed to fostering strong relationships within the community and ensuring your financial security. Whether you need help with everyday banking or complex loan solutions, we are here for you every step of the way. Join us today to experience the difference that comes with being part of a caring credit union family! Visit us in person or give us a call we look forward to serving you!

Branch History & Mission

Community Focus

Our roots are firmly planted in Shrewsbury and Worcester County. As we grow, so does our commitment to giving back. We actively participate in community outreach efforts and partnerships designed to uplift those around us. From financial education workshops to local charity events, we strive to make a positive impact where it matters most. We also embrace technology as part of our strategy for enhancing member experience. With online banking options available alongside mobile payments and e-statements, managing your finances has never been easier or more convenient. While members can visit us at 489 Boston Tpke Shrewsbury Ma 01545, official correspondence should be sent to P.O. BOX 227, SHREWSBURY, MA 01545-3949. If you're looking for a credit union that prioritizes your needs while making a difference in the community, look no further than Shrewsbury Federal Credit Union. Join us today and discover how we can help you achieve your financial dreams! For more information or inquiries, please call us at (508) 845-6755 or visit our website at ShrewsburyCU.com. Together, let's build a brighter future!

Our Mission

At Shrewsbury Federal Credit Union, our mission is clear: we aim to enhance the financial well-being of our members while fostering a sense of community and belonging. We believe that everyone deserves access to affordable banking services that empower them. This commitment drives us to provide personalized support and innovative solutions tailored to meet the diverse needs of our membership. We understand that banking goes beyond transactions; it's about building relationships. Our team is dedicated to offering exceptional service during all operating hours: Monday, Wednesday, and Friday from 7 AM to 4 PM; Tuesday and Thursday from 7 AM to 7 PM; and Saturday from 8 AM to 12 PM. Whether you need assistance with your accounts or guidance on loans and mortgages, we are here for you.

Branch Location & Accessibility

Operating Hours

We understand that life gets busy! That's why we offer flexible operating hours: - Monday, Wednesday, and Friday from 7 AM to 4 PM - Tuesday and Thursday from 7 AM to 7 PM - Saturday from 8 AM to 12 PM These hours allow you to stop by when it's most convenient for you.

Services Available

At Shrewsbury Federal Credit Union, we pride ourselves on offering a variety of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgages, we've got you covered. Need quick access? Our ATM services are readily available for withdrawals and balance checks. Plus, if you're in a hurry, our drive-thru banking allows for easy deposits and transactions without leaving your car! We are just a phone call away at 508-845-6755 if you have any questions or need assistance. Our friendly staff is always ready to help you navigate your financial journey. So why wait? Come visit us today at Shrewsbury Federal Credit Union we look forward to welcoming you!

Member Eligibility

At Shrewsbury, we believe in creating a welcoming community where everyone can thrive. Becoming a member is easy and opens the door to a range of benefits designed just for you. If you live, work, or worship in the Shrewsbury area or have a family member who is already a member, you're eligible to join us! We strive to make our membership inclusive and supportive, ensuring that you feel right at home from day one. For those interested in learning more about the specific eligibility requirements, we encourage you to visit our detailed page at http://WWW.SHREWSBURYCU.COM/home/member-services/membership-eligibility. Once you're ready to take the next step, opening an account with us is straightforward. You can reach out by calling us at (508) 845-6755 or simply stop by our branch located at 489 Boston Tpke Shrewsbury Ma 01545. Our friendly team is here to guide you through the process and answer any questions you might have. Join Shrewsbury today and start enjoying all the advantages that come with being part of our family!

Business Banking & Commercial Services

Business Loan Options

Imagine being able to invest in new equipment, hire additional staff, or even open a new location. Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $12 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $7 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $3,478,047, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In today's fast-paced market, efficient payment processing is crucial. Our merchant services simplify transactions for business owners. From credit card processing to online payment solutions, we provide tools that allow you to focus on what matters most: running your business smoothly and effectively. Located at 489 Boston Tpke Shrewsbury Ma 01545, Shrewsbury, MA, we're here to support you with exceptional service and local expertise. Contact us at (508) 845-6755 to discover how we can partner with you on your business journey!

Comprehensive List Of Services

Banking Anytime, Anywhere

In today's fast-paced world, convenience is key. That's why we offer robust Online & Mobile Banking features that let you manage accounts on the go. You can check balances, transfer funds, and even make payments right from your smartphone or computer. Plus, with ATM availability for cash withdrawals and basic drive-thru banking for deposits and simple transactions, accessing your money has never been easier.

Financing Your Dreams

If you're planning to buy a car or need assistance with other purchases, our Auto Loans & Vehicle Financing options make it simple and affordable. With competitive rates and flexible terms, you can drive off in your new vehicle without any hassle. Similarly, our Mortgage Loans & Refinancing service helps you secure the home of your dreams or lower your monthly payments by refinancing an existing loan.

Get In Touch

We invite you to explore these services further by visiting us at Shrewsbury Federal Credit Union or calling us at 508-845-6755. Our friendly staff is ready to assist you during our operating hours: Monday-Wednesday-Friday from 7 AM - 4 PM; Tuesday & Thursday from 7 AM - 7 PM; and Saturday from 8 AM - 12 PM. Join us at Shrewsbury where your financial well-being is our priority! Discover how we can help you achieve your financial goals today!

Overcoming Financial Hurdles

Life can throw unexpected challenges your way. That's why we offer Personal Loans & Debt Consolidation options that help you regain control over your finances. Whether it's covering medical expenses or consolidating high-interest debt, we're here to support you through tough times.

Personal Banking Made Easy

Whether you're looking to manage your day-to-day expenses or save for future goals, our Personal Banking services cover everything from checking and savings accounts to personalized advice. You can set up an account that suits your lifestyle, enabling you to easily track your finances and achieve your savings objectives.

Rewards at Your Fingertips

For those looking to maximize their spending power, our Credit Cards with Rewards program allows you to earn points on everyday purchases. It's an easy way to enjoy benefits while managing your expenses effectively.

Supporting Local Businesses

At Shrewsbury, we recognize the importance of local businesses in our community. Our Business Banking services include tailored solutions such as Merchant Services and Business Loans designed to help entrepreneurs thrive and succeed.

Digital & Online Banking

Key Features

Our mobile application makes it easy to handle everyday banking tasks from your smartphone. You can make mobile payments quickly and securely, ensuring that you're always ready to handle expenses without hassle. Plus, with person-to-person transfers, sending money to friends or family is just a few taps away. We also provide e-statements, so you can view your account statements electronically no more waiting for paper copies in the mail. And while we currently do not offer electronic signature authorization, rest assured that all transactions are safeguarded with robust security measures to protect your information. With our user-friendly platform, managing your finances has never been easier. From checking balances to making payments and everything in between, Shrewsbury puts you in control of your financial journey all while ensuring that security remains a top priority. Join us today and experience the convenience of modern banking with Shrewsbury!

Financial Strength

Commitment to Growth

With $16,640,471 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 members' financial goals across various sectors, with $639 in used auto loans and $105,352,150 in total loans and leases available to help you achieve your dreams. Our commitment to efficiency shines through with a reported net income of $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 16 full-time employees and 7 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Growing Together

Total Share Accounts stand at 20,443, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $0 highlight our ability to support your financial journey effectively. In summary, our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Shrewsbury is your trusted partner. Visit us at 489 Boston Tpke Shrewsbury Ma 01545 or call (508) 845-6755 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 Savings Protection

Members' savings are secured through $48,513,976 in share certificates and $12,704,050 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $992,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Our Financial Health

With a net worth of $17,944,177, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $828 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 $8,262,538 in used vehicle loans and $5,996,368 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new vehicle or a reliable used one, our team is here to assist you throughout the process.

Business Loans

For business owners, our outstanding commercial loans totaling $3,478,047 provide the capital needed to grow and expand your business. We recognize that having the right financial support is crucial for success, and we're dedicated to offering solutions that fit your commercial needs. If you're considering refinancing any existing loans or want more information about eligibility options, our knowledgeable team is ready to help guide you through the process. We prioritize transparency and accessibility so you can feel confident in your decisions. At Shrewsbury, we're committed to providing exceptional service and support every step of the way. For further details about our loan offerings or to speak with one of our representatives, feel free to reach us at (508) 845-6755 or visit us at 489 Boston Tpke Shrewsbury Ma 01545. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let us help you achieve your financial aspirations today!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $33,498,102, make buying or refinancing simple. We strive to make your home-buying experience smooth and straightforward so that you can focus on creating memories in your new space.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $2,804,724 in loans helping members manage their finances effectively. These credit cards are designed for ease of use and convenience, making it simpler for you to handle everyday expenses.

Loan Aggregator

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Shrewsbury