St. Francis X Credit Union Petoskey MI | Low Mortgage Rates & Auto Loans

Introduction

At St. Francis X Federal Credit Union, we believe in building a strong community and supporting our members' financial journeys. Established in 1951, our credit union has proudly served the residents of Petoskey, MI and surrounding areas from our welcoming branch located at 224 State St, Petoskey, MI 49770. With a membership of over 9,822 individuals, we are dedicated to providing personalized banking solutions that meet the unique needs of each member. As a trusted financial institution, we boast total assets of $239,657,051 and have facilitated over 4,382 loans to help our members achieve their goals. Our commitment to sound financial management is reflected in our net worth of $32,528,547 and cash reserves totaling $767,559. We understand that your financial success is vital, which is why we offer various services including checking and savings accounts, auto loans, mortgages, and business banking options. Our leadership team is here to guide you on your path to financial wellness. Under the stewardship of CEO Scott Bingaman and Board President Robinson Walker, we strive to foster an environment of trust and transparency. While members can visit us at our branch address for all their banking needs, official correspondence should be sent to the same address: 224 State St., Petoskey, MI 49770. If you have any questions or need assistance with your finances, don't hesitate to reach out! You can contact us at 231-348-7690 or explore our offerings online at stfranciscu.org. Join us today and experience the difference that community-focused banking can make!

Branch History & Mission

Community Focus

With modern advancements like online banking and mobile payments, we ensure that banking with us is convenient and straightforward. We also take pride in being ADA compliant, making sure that all members can access our services comfortably. Our drive-thru service adds another layer of convenience for those busy days when you need quick access to your finances. St. Francis X Federal Credit Union isn't just about transactions; it's about transforming lives within our community. Our dedicated team works hard every day to ensure that each member feels valued and supported. As you consider joining us, remember this: at St. Francis X, you're not just another account number; you're part of a family that genuinely cares about your financial well-being. We invite you to visit us at 224 State St or give us a call at 231-348-7690 during our operating hours: Monday through Thursday from 7:30 AM to 5:00 PM, Friday until 6:00 PM, and Saturday from 8:30 AM to 12:00 PM. Experience the difference that community-focused banking can make! Join us today at St. Francis X Federal Credit Union and discover how we can help you achieve your financial dreams while contributing positively to our beloved Petoskey community!

Our Mission

At St. Francis X, our mission is simple yet profound: we aim to provide exceptional financial services while fostering a sense of community and support among our members. We believe that everyone deserves access to high-quality banking services that can help them achieve their financial goals. From checking and savings accounts to auto loans and business financing, we offer a range of products designed with your needs in mind. Our commitment extends beyond just banking; we are dedicated to uplifting our community through various outreach programs and partnerships. We understand that our strength lies in the relationships we build with our members, which is why we prioritize customer service and strive to make every interaction meaningful.

Branch Location & Accessibility

Welcome to St. Francis X, your friendly neighborhood credit union located right in the heart of Petoskey at 224 State St. We're easy to find, just a stone's throw away from local favorites like the charming Petoskey District Library and the vibrant downtown area, making it convenient for you to stop by while you're out and about. At St. Francis X, we pride ourselves on accessibility. Our branch is designed to welcome everyone, with ADA-compliant features and ramps for easy entry. Whether you prefer to walk in or use our drive-thru service, we've got you covered. Parking is ample and hassle-free, ensuring your visit is as smooth as possible. Our operating hours are designed with your busy schedule in mind. We're open Monday, Tuesday, and Thursday from 7:30 AM to 5:00 PM; Wednesday from 7:30 AM to 12:00 PM; Friday from 7:30 AM to 6:00 PM; and Saturday from 8:30 AM to 12:00 PM. This means you can pop in before work or during lunch breaks, making banking easier than ever. While members can visit us at our main branch address, official correspondence should be sent to the same location at 224 State St, Petoskey, MI 49770. For your convenience, we also offer an ATM on-site for quick withdrawals and balance checks. If you're looking for personal banking options like checking accounts or loans, our team is here to help every step of the way. We invite you to come visit us at St. Francis X Federal Credit Union! If you have any questions or need assistance, don't hesitate to give us a call at 231-348-7690. We look forward to seeing you soon!

Member Eligibility

Joining the St. Francis X community is a fantastic way to gain access to personalized financial services and a supportive network. To become a member of St. Francis X, you just need to meet a few simple eligibility requirements, which primarily include living, working, or worshipping in the local area. Whether you're looking for a checking account, auto loans, or other financial products, our doors are open to you! If you want to learn more about the specifics of membership eligibility, feel free to check out this resource: Eligibility Details. Once you've confirmed your eligibility, opening an account at St. Francis X is straightforward and welcoming. You can easily reach us at 231-348-7690 if you have any questions or need assistance with the process. We're here to help you every step of the way! Come visit us at 224 State St, Petoskey, MI 49770, and see how being a member can enhance your financial journey with us.

Business Banking & Commercial Services

Real-World Merchant Services

Imagine a day where your customers can pay easily and efficiently, allowing you to focus on what you do best running your business. Our merchant services streamline payment processes, whether it's through credit card processing or mobile payments. This means fewer hassles for you and a better experience for your customers. Visit us at 224 State St Petoskey Mi 49770 in Petoskey, MI, or call us at (231) 348-7690 to learn more about how we can help your business thrive!

Tailored Business Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $14 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 $2,534,047, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

ATM and Drive-Thru Services

Need quick cash or want to make simple transactions? Our branch includes an ATM for easy access to cash withdrawals and balance checks. If you prefer face-to-face interaction but are short on time, take advantage of our drive-thru banking for deposits and withdrawals without leaving your vehicle. At St. Francis X Federal Credit Union, we're committed to making banking easy and accessible for everyone in the community. With dedicated staff ready to assist you at every turn, we invite you to explore how our services can benefit you today! For any questions or further assistance, feel free to call us at 231-348-7690, or visit us online at stfranciscu.org. Join us on this journey towards achieving your financial goals!

Business Banking Support

For small business owners, we provide essential services like merchant services and business loans to help you thrive in today's competitive market. Whether you're starting out or expanding your operations, our team is here to assist you every step of the way.

Convenient Online & Mobile Banking

In this fast-paced world, convenience is key. That's why we offer online and mobile banking solutions that let you access your accounts anytime, anywhere. With features like mobile payments and person-to-person transfers, managing your finances has never been easier.

Personal Banking Solutions

Whether you're looking to manage your day-to-day expenses or save for the future, our personal banking options have you covered. We offer checking and savings accounts that help you keep track of your finances while earning interest on your savings. For those considering a new vehicle, our auto loans and vehicle financing solutions make purchasing your dream car easier than ever. If you're thinking about buying a home or refinancing an existing mortgage, our mortgage loans and refinancing options are designed to fit various budgets and goals. And if life throws unexpected challenges your way, our personal loans and debt consolidation services can provide the financial relief you need.

Rewarding Credit Options

At St. Francis X, we understand that credit cards are more than just a payment method they're a tool for managing your spending. That's why we offer credit cards with rewards that allow you to earn points for every dollar spent. Use them wisely, and watch the rewards stack up!

Digital & Online Banking

Key Features

Our online banking service allows you to view your account balances, transfer funds, and pay bills with ease. You can enjoy the flexibility of managing your finances on the go with our mobile application, available for both Android and iOS devices. Plus, if you're looking for a quick way to send money to friends or family, our person-to-person transfers make it easy and hassle-free. For those who prefer paperless options, we provide e-statements that allow you to keep track of your transactions without the clutter of physical documents. And if you ever need to sign documents electronically, our electronic signature authorization feature ensures that everything is handled securely and efficiently.

Security & Accessibility

Your security is our top priority. All transactions through our online platform are protected by advanced encryption technology, so you can have peace of mind while banking from home or on the move. Our user-friendly interface makes navigating your accounts a breeze, whether you're checking balances or making payments. With the convenience of mobile payments, you can easily make purchases with just a tap of your phone. This feature adds an extra layer of flexibility to your daily financial tasks, letting you shop without worrying about carrying cash or cards. In summary, St. Francis X offers comprehensive digital and online banking services that prioritize convenience and security. Whether you're using our mobile app or accessing your account online at https://www.stfranciscu.org/, managing your finances has never been easier!

Financial Strength

At St. Francis X, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are committed to maintaining strong financial health to provide you with the best possible service and support. With a net worth of $32,528,547, we maintain robust financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 13.57% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $83,620,421 in share certificates and $14,544,811 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. With $32,528,547 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 significant; we have $1,008 in used auto loans and a total of $136,103,121 in loans and leases, supporting members' financial goals across various sectors. Our operational efficiency is reflected in our $0 net income, which allows us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 24 full-time employees and 1 part-time employee, ensuring our branches are always ready to serve you with a knowledgeable and committed team. Net Shares (Funds available for lending and investments): $1,357,507. Total Share and Deposit Accounts: 24,485, showing a strong and growing member base that 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, St. Francis X is your trusted partner. Visit us at 224 State St Petoskey Mi 49770 or call 231-348-7690 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 $15,979,094 in used vehicle loans and $5,042,399 in new vehicle loans already helping members get on the road. We have competitive rates that make driving off in your dream car more accessible than ever.

Contact Us

If you have questions or would like more information about our loan offerings at St. Francis X located at 224 State St Petoskey Mi 49770, please feel free to reach out to us at 231-348-7690. Our dedicated team is here to help guide you through the lending process and find the right option for you. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. We invite you to visit our website for more details on our services: St. Francis X Federal Credit Union.

Credit Lines and Unsecured Loans

For those who need flexible borrowing options, we also offer credit lines totaling $30,000,000 and unsecured credit card loans amounting to $1,394,036. These products are designed to help you manage unexpected expenses or consolidate debt effectively. Additionally, if you are considering refinancing any of your current loans, we encourage you to explore our eligibility options. We aim to provide solutions that fit your budget and lifestyle.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $3,772,204, make buying or refinancing simple. Whether you're a first-time buyer or looking to refinance your existing mortgage, our team is ready to assist you every step of the way.

Loan Aggregator

Accurate Loan Comparisons

LendMesh ensures accurate loan comparisons by sourcing data 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 guarantees that all offers are fair and transparent.

Key Benefits

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. - Real-Time Rate Comparisons: You get up-to-date loan rates from multiple institutions, helping you make informed decisions quickly. 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!" Take control of your financial future today. Compare real-time loan offers 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.*

St Francis X