Superior Choice Credit Union Grand Rapids MN | Best Auto Loans & Business Banking

Introduction

Welcome to Superior Choice, your trusted financial partner located at 1220 S Pokegama Ave, Grand Rapids, MN 55744. Since our establishment in 1932, we have been dedicated to serving our community with personalized banking solutions tailored to meet the needs of our 41,093 members. With total assets reaching an impressive $788,477,934 and total deposits amounting to $64,486,360, we pride ourselves on being a solid choice for both individual and business financial needs. At Superior Choice, we understand that every member's journey is unique. That's why we offer a wide range of services including personal checking and savings accounts, auto loans, mortgage refinancing, credit cards with rewards, and comprehensive business banking options. Our commitment to you doesn't stop at just providing services; we aim to empower you with the financial tools necessary for success. Our leadership team is here to guide you every step of the way. Led by CEO Tim Foster and Board President Rob Frenchick, our experienced staff of 146 employees is dedicated to ensuring that each interaction is friendly and efficient. You can count on us not only for financial products but also for advice tailored to your specific circumstances. While members can visit us at our branch location in Grand Rapids, official correspondence should be sent to the same address: 1220 S Pokegama Ave, Grand Rapids, MN 55744-4322. If you have any questions or need assistance, please don't hesitate to reach out at 715-392-5616. Join us today and experience how Superior Choice stands apart as a credit union that truly cares about its members! For more information about membership or to open an account online, visit our website at superiorchoice.com. We look forward to welcoming you into our family!

Branch History & Mission

Commitment to Innovation

We understand that the world is changing rapidly. That's why we've embraced digital advancements like online banking and mobile payments to ensure you can manage your finances wherever you are. Our branch also features ADA-compliant facilities and shared service center access for added convenience. Whether you prefer visiting us in person or accessing services digitally, we want you to feel supported every step of the way. With ATM availability and drive-thru banking options at your disposal, managing your finances has never been easier. Join us today at Superior Choice and discover how we can help you achieve your financial goals while being part of a caring community. Experience firsthand what it means to be a member of Superior Choice where your success is our priority!

Our Mission

At Superior Choice, our mission is clear: we strive to deliver exceptional financial services while fostering a sense of belonging and support within our community. We believe that everyone deserves access to affordable banking options, which is why we offer personal banking products such as checking and savings accounts, auto loans, mortgage loans, credit cards with rewards, and business banking solutions. But our commitment goes beyond just providing financial services. We actively engage in community outreach programs aimed at uplifting local initiatives and supporting those in need. Through partnerships with various organizations, we seek to make a positive impact on lives around us. Our branch is conveniently located at 1220 S Pokegama Ave, Grand Rapids, MN 55744. For any official correspondence, please send it to our mailing address: 1220 S Pokegama Ave, Bldg C, Suite 200, Grand Rapids, MN 55744-4322 (if different). You can reach us at 715-392-5616 during our operating hours from Monday through Friday, 8:30 AM - 5:00 PM.

Branch Location & Accessibility

Welcome to the Superior Choice branch located at 1220 S Pokegama Ave in Grand Rapids, MN! This friendly spot is not only easy to find but also designed with your convenience in mind. Situated near local landmarks, you can quickly drop by while running errands or enjoying a day out. Our branch features accessible parking and is fully ADA compliant, ensuring that everyone can visit us with ease. Whether you prefer a quick stop at the drive-thru or need to come inside for more personalized service, we have options for you. Plus, our drive-thru banking allows for quick deposits and withdrawals without ever leaving your car! We are here to serve you Monday through Friday from 8:30 AM to 5:00 PM, making it simple to fit your banking needs into your schedule. If you're looking for an ATM, we've got you covered there too! Our ATM services are available on-site, allowing you to manage your cash easily. While members can visit us at our physical location, any official correspondence should be sent to our mailing address at 1220 S Pokegama Ave, Grand Rapids, MN 55744-4322. If you have questions or want to learn more about our services like personal banking, loans, and online banking please don't hesitate to give us a call at 715-392-5616. We look forward to welcoming you into our community!

Member Eligibility

At Superior Choice, we believe that everyone deserves a supportive financial community, and becoming a member is your first step towards enjoying the many benefits we offer. If you live, work, or worship in Itasca County or nearby areas, you're likely eligible to join us! We welcome individuals from all walks of life and aim to create a friendly environment where you can thrive financially. For complete details on eligibility requirements, be sure to check out our website at https://superiorchoice.com/about/membership/ . Opening an account with us is simple and quick! Just visit us at our branch located at 1220 S Pokegama Ave, Grand Rapids, MN 55744, or give us a call at 715-392-5616 for assistance. We're here to guide you through the process and ensure you feel right at home in our community. Join Superior Choice today and discover how we can help you achieve your financial goals! For more information on how to open your account, visit this link.

Business Banking & Commercial Services

Practical Merchant Services

Imagine seamlessly processing payments while focusing on what you do best running your business. Our merchant services simplify transactions, allowing you to accept various payment methods easily. This means happier customers and more efficient operations, whether you operate a retail store or provide services. Located at 1220 S Pokegama Ave Grand Rapids Mn 55744 in Grand Rapids, MN, we're here to help your business thrive. Reach out to us at (715) 392-5616 to learn more about how we can partner with you on your path to success!

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $196 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 $56,641,081, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

ATM & Cash Withdrawal Services

Need quick access to cash? Our branch offers convenient ATM services along with basic drive-thru banking for deposits and withdrawals. You can also perform simple transactions like balance checks at ATMs across the network. As part of our commitment to member satisfaction, we also provide access to shared branch transactions for partner credit union members, allowing even more flexibility in managing your funds. At Superior Choice, we're not just about banking; we're about building relationships with our members in Grand Rapids and beyond. If you'd like to learn more about how we can assist you or if you're ready to open an account, don't hesitate to call us at 715-392-5616 or visit us online at superiorchoice.com. Your financial journey starts here!

Auto Loans & Vehicle Financing

If you're in the market for a new vehicle or need financing for a used car, our Auto Loans and Vehicle Financing options are here to support you. We offer competitive rates and flexible terms tailored to fit your budget. Picture yourself driving away in your dream car without the stress of high payments.

Business Banking

For small business owners, we offer tailored Business Banking solutions, including Merchant Services and Business Loans. Our team is ready to assist you in managing cash flow and securing financing to grow your business.

Credit Cards with Rewards

Get rewarded for everyday spending with our Credit Cards featuring rewards programs. You can earn points on purchases that can be redeemed for travel, merchandise, or cash back making every dollar spent work harder for you.

Mortgage Loans & Refinancing

Thinking about buying a home? Our Mortgage Loans and Refinancing services make homeownership more attainable. We guide you through the process, ensuring you find the best mortgage solution for your situation. With our expert team by your side, you'll feel confident stepping into your new home.

Online & Mobile Banking

In today's fast-paced world, convenience is key. That's why we provide robust Online and Mobile Banking features that allow you to manage your accounts anytime, anywhere. With mobile payments, person-to-person transfers, and e-statements at your fingertips, banking has never been easier.

Personal Banking

We understand that managing personal finances can be challenging. That's why we offer Checking and Savings Accounts designed to help you save money while keeping your funds easily accessible. Imagine having a checking account with no monthly fees and an interest-bearing savings account that grows your money over time.

Personal Loans & Debt Consolidation

Life can sometimes throw unexpected expenses your way. That's where our Personal Loans and Debt Consolidation services come in handy. Whether it's medical bills or home repairs, we provide loans that help relieve financial pressure and simplify repayment through consolidation.

Digital & Online Banking

Accessibility and User-Friendliness

Whether you're using our website or our mobile app, you'll find that our services are user-friendly and intuitive. Our mobile payments feature adds another layer of convenience, letting you make purchases with just a tap of your phone. Everything is designed with you in mind making it easier than ever to stay on top of your finances. At Superior Choice, we believe that banking should empower you. With real-time account management at your fingertips, keeping track of your money has never been simpler. Explore all these features today at https://superiorchoice.com/ and experience the ease of digital banking!

Key Features for Your Convenience

Our online banking platform allows you to check balances, transfer funds, and pay bills with just a few clicks. Need to send money to a friend? Our person-to-person transfer feature makes it easy and quick, so you can handle transactions without any hassle. Plus, with our mobile application, you can manage your finances directly from your smartphone or tablet perfect for when you're on the go. Security is paramount at Superior Choice. We offer electronic signature authorization, ensuring that your transactions are both safe and straightforward. You can also opt for e-statements, allowing you to view your account statements electronically. This not only keeps your information secure but also helps reduce paper clutter.

Financial Strength

Committed Team

We also take pride in having 132 full-time employees and 14 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team dedicated to your needs.

Growing Member Base

Total Share and Deposit Accounts: 83,164, showing a strong and growing member base that trusts us with their finances. This growth is a testament to the confidence that our community has placed in us over the years. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Superior Choice is your trusted partner. Visit us at 1220 S Pokegama Ave Grand Rapids Mn 55744 or call (715) 392-5616 to learn more about how we can help you achieve your financial goals.

Lending Capacity

With $20,592 in used auto loans and $608,337,772 in total loans and leases, our lending capacity supports members' financial goals across various sectors. Whether you're looking to purchase a vehicle or need funds for other important expenses, we're here to help.

Member-Centric Focus

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 designed specifically for our members.

Operational Efficiency

Our $-3,293,494 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. This income showcases our ability to manage costs effectively while still delivering excellent service.

Reinvestment for Growth

With $59,158,330 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. This approach allows us to keep improving the services you rely on daily.

Secure Savings Options

Members' savings are secured through $239,038,954 in share certificates and $60,142,910 in money market shares, offering stable and rewarding financial growth opportunities. These options ensure that your savings are not only safe but also working hard for you.

Solid Capital Foundation

Our net worth ratio of $772 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. This ratio indicates that we are well-prepared to face any challenges that may arise.

Strong Net Worth

With a net worth of $60,861,247, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. This level of net worth reflects our commitment to managing resources wisely while prioritizing member satisfaction.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $92,499,902 in used vehicle loans and $26,298,230 in new vehicle loans already helping members get on the road. Whether you're financing a brand-new ride or opting for a reliable used vehicle, our flexible terms can help you drive away with confidence. Plus, if you're considering refinancing your current auto loan for better rates or terms, we have options available for that as well.

Business Financing

For business owners looking to grow and expand their operations, we offer outstanding commercial loans totaling $56,641,081. These loans can provide the capital necessary to take your business to the next level. We invite you to explore all of our loan offerings at our branch located at 1220 S Pokegama Ave, Grand Rapids, MN 55744. For more information or assistance with applications and eligibility options, don't hesitate to give us a call at 715-392-5616. Our team is here to help you navigate your financial needs. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.

Credit Lines and Personal Loans

For those who need quick access to funds without securing collateral, our unsecured credit card loans are an excellent choice. We currently offer $769,369 in unsecured credit card loans that help members manage their finances effectively. Additionally, if you need extra funds for personal projects or debt consolidation, our personal loans provide the flexibility and support you need.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We provide various mortgage products, including Junior Lien 1-4 Family Residential Properties loans totaling $9,232,449. Our knowledgeable staff can guide you through the process and help determine the best option for your situation.

Loan Aggregator

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SUPERIOR CHOICE CREDIT UNION