Teg Credit Union Poughkeepsie NY | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Teg, your trusted financial partner right here in Poughkeepsie, NY! Established in 1969, we have been dedicated to serving our community for over five decades. Located at 1 Commerce St, Poughkeepsie, NY 12603, our branch is more than just a place to manage your money; it's a hub for building relationships and supporting local families and businesses. With a strong membership of 36,367 and total assets reaching an impressive $453,950,010, we pride ourselves on being a pillar of stability in the community. At Teg, we understand that financial well-being goes beyond transactions. That's why we offer a wide range of services tailored to meet your needs, from personal banking options like checking and savings accounts to auto loans, mortgages, and credit cards with rewards. In total, we manage $21,770,814 in deposits and have facilitated 17,789 loans to help our members achieve their goals. Our commitment to you is reflected in our leadership. Under the guidance of our CEO, Ronald Flaherty, and Board President Walter Behrman, we strive to provide exceptional service while ensuring your financial security. We are here to assist you with any questions or concerns you might have feel free to reach out at 845-452-7323. While members can visit us at 1 Commerce St, official correspondence should be sent to the same address as our mailing address: 1 Commerce Street, Poughkeepsie, NY 12603. Join us today! Whether you're looking for personal loans or business banking solutions, Teg is here to support your journey. Visit us online at TEGFCU.COM or stop by our branch we can't wait to meet you!

Branch History & Mission

At Teg, we are proud of our rich history and commitment to serving the community of Poughkeepsie, NY. Founded in 1969, our branch has grown alongside the local community, evolving from its humble beginnings into a trusted financial partner for over 36,000 members. Located at 1 Commerce St, Poughkeepsie, NY 12603, we are easily accessible and close to many local landmarks that help make our city vibrant. Our mission is simple yet impactful: to provide reliable financial services while supporting the growth and well-being of our members and the broader community. We strive to foster a welcoming environment where everyone feels valued and empowered to achieve their financial goals. With total assets exceeding $453 million, we have the resources to offer a wide range of services including personal banking, auto loans, mortgages, credit cards with rewards, and business banking solutions. As we evolved over the years, we embraced technological advancements to enhance the banking experience for our members. Our online banking platform allows for convenient account management from anywhere. We also offer mobile payments and e-statements for added flexibility. Accessibility is key; our facilities are ADA compliant and include both drive-thru banking and ATM availability to serve you better. While members can visit us at our branch address, official correspondence should be sent to 1 Commerce Street, Poughkeepsie, NY 12603. This ensures that all your inquiries and transactions are handled efficiently. Community support is at the heart of what we do at Teg. We regularly engage in outreach programs and partnerships with local organizations to uplift those around us. Whether it's through financial education workshops or charitable initiatives, we aim to make a positive impact on our community. We invite you to join Teg today and experience firsthand the benefits of membership. Together, let's build a stronger future for Poughkeepsie! For more information about joining or our services, please call us at 845-452-7323 or visit us online at TEGFCU.COM.

Branch Location & Accessibility

Welcome to Teg, your friendly neighborhood credit union located at 1 Commerce St, Poughkeepsie, NY 12603. We're proud to serve our members in the beautiful Dutchess County and are conveniently situated near popular spots like the Poughkeepsie Galleria and the Walkway Over the Hudson. Our location makes it easy for you to stop by and take care of your banking needs while enjoying the local charm. At Teg, we understand that accessibility is key. That's why our branch is designed with features to accommodate everyone. Whether you're walking in or using our drive-thru service, you'll find accessible ramps and parking available for your convenience. Plus, we have an ATM on-site, so you can easily withdraw cash or check your balance at any time. Our dedicated team is here to assist you during our operating hours, which are structured to fit your busy schedule. We invite you to visit us from 9 AM to 5 PM Monday through Friday, making it easy for you to pop in after work or on your lunch break. If you prefer to reach out before visiting, feel free to give us a call at 845-452-7323 our friendly staff is always ready to help! While members can visit us at 1 Commerce St for all their banking needs, official correspondence should be sent to the same address as our mailing address: 1 Commerce Street, Poughkeepsie, NY 12603. We offer a range of services tailored just for you from personal banking options like checking and savings accounts to auto loans and business banking solutions. Whether you're looking for a new car loan or need assistance with refinancing your mortgage, we're here for you every step of the way. We can't wait for you to experience all that Teg has to offer! Stop by today or give us a call; we're excited to help you achieve your financial goals!

Member Eligibility

At Teg, we believe in creating a welcoming and supportive community for our members. Joining us is easy! If you're a resident, employee, or an immediate family member of someone living in the areas we serve, you're likely eligible to become a member. This means that anyone who shares our values and wishes to benefit from our range of financial services can join. As a member, you'll enjoy personalized service, competitive rates on loans, and access to various savings options designed to help you achieve your financial goals. To get started, simply visit our website for detailed eligibility criteria at https://www.tegfcu.com/personal-membership/. If you're ready to open an account, the process is straightforward and can be done online or by visiting us at our branch located at 1 Commerce St Poughkeepsie Ny 12603. Should you have any questions or need assistance, feel free to call us at (845) 452-7323. We're excited to welcome you into our Teg family!

Business Banking & Commercial Services

Commercial Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $147 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $47,904,762, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In addition to our loan offerings, we provide essential merchant services that make daily operations easier. Picture processing payments swiftly at your storefront or online, allowing you to focus on what truly matters growing your business. With our comprehensive suite of services, you can accept various payment methods and streamline transactions. Located conveniently at 1 Commerce St Poughkeepsie Ny 12603, Poughkeepsie, NY 12603, we're here to partner with you in achieving your business goals. For inquiries, call us at (845) 452-7323. Let's work together to build a brighter future for your business!

Comprehensive List Of Services

Credit Cards & Business Banking

Our credit cards with rewards offer additional benefits for every dollar you spend. From cash back on groceries to travel rewards, these cards can enhance your purchasing power while offering incentives. For small business owners, our business banking services, including merchant services and business loans, are designed to support your growth. We understand the challenges of running a business, and we're here to provide the financial tools necessary for success.

Digital Banking Convenience

In today's fast-paced world, digital access is key. That's why we offer robust online and mobile banking features. With just a few taps on your phone or clicks on your computer, you can manage your accounts, transfer funds, pay bills, and even deposit checks without ever stepping foot in a branch. Plus, our ATM and cash withdrawal services ensure that accessing your money is quick and easy wherever you are.

Drive-Thru & Basic Transactions

For those who prefer in-person transactions but need convenience, we offer basic drive-thru banking for deposits, withdrawals, and simple transactions. If you're on the go but need immediate assistance, our drive-thru service has got you covered! As part of our commitment to accessibility, our ATMs allow for quick withdrawals and balance checks whenever you need them. We invite you to explore all that Teg has to offer! Whether you're looking for personal banking solutions or business support, we're here for you every step of the way. For more information or to open an account today, call us at (845) 452-7323, visit us online at Teg Fcu, or stop by at 1 Commerce St Poughkeepsie Ny 12603 in Poughkeepsie, NY. Your financial journey starts here!

Personal Banking Services

For those looking to manage their day-to-day finances, we offer a variety of personal banking options. Our checking and savings accounts provide you with the flexibility to save for future goals or manage your everyday expenses effortlessly. Imagine having a checking account that not only helps you track your spending but also offers competitive interest rates on your savings! If you're considering purchasing a vehicle, our auto loans and vehicle financing options make it easier than ever to get behind the wheel. With straightforward terms and competitive rates, you can choose the car you want without the stress often associated with financing. Homeownership is within reach with our mortgage loans and refinancing services. Whether you're a first-time buyer or looking to refinance your existing mortgage for better rates, we have solutions that fit your lifestyle. For those unexpected expenses or projects, our personal loans and debt consolidation services can help you regain control over your finances. Picture consolidating multiple debts into one easy monthly payment this is what we aim to achieve for you.

Digital & Online Banking

Key Features for Your Convenience

Our 24/7 online banking services let you check your account balance, transfer funds, and pay bills with just a few clicks. You can also take advantage of our electronic signature authorization feature, making it easy to sign important documents from the comfort of your home without any hassle. If you prefer going paperless, our e-statements availability means you can view your statements securely online whenever you need them. This not only helps the environment but also makes it simpler for you to keep track of your finances.

Stay Connected on the Go

With our mobile application, banking is even more accessible. Whether you're at home or out and about, you can make mobile payments effortlessly and send money to friends or family with our person-to-person transfer feature. No need for cash or checks; just use your smartphone to complete transactions quickly and safely. We prioritize your security while ensuring that our services are user-friendly. You can trust that your personal information is protected while enjoying the convenience of modern banking solutions. Experience banking made simple with Teg's digital offerings. Join us today by visiting https://www.tegfcu.com/ and discover how easy managing your finances can be!

Financial Strength

Conclusion

Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Teg is your trusted partner. Visit us at 1 Commerce St Poughkeepsie Ny 12603 or call (845) 452-7323 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.

Investing in Your Future

Our commitment to our members is reflected in our $39,134,217 in undivided earnings, which allows us to reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve you better. With $5,883 in used auto loans and $354,523,909 in total loans and leases, our lending capacity supports members' financial goals across various sectors.

Member-Focused Savings

Members' savings are secured through $107,484,914 in share certificates and $59,946,164 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $1,358,664, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our financial results show operational efficiency with a net income of $1,196,555, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 119 full-time employees and 0 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. With net shares (funds available for lending and investments) at $0, and a total of 62,061 share accounts reflecting a strong member base that trusts us with their finances, it's clear that at Teg, you are part of something significant.

Our Financial Health

With a net worth of $39,134,217, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. This substantial net worth ensures that your deposits are safe and that we can continue to provide competitive products tailored to your needs. Our net worth ratio of 8.62% 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 $80,495,562 in used vehicle loans and $14,284,962 in new vehicle loans already helping members get on the road. Our flexible terms make it easier for you to choose a financing option that fits your budget and lifestyle.

Business Financing

For business owners, our outstanding commercial loans totaling $47,904,762 provide the capital needed to grow and expand. We aim to support local businesses in achieving their potential while contributing to community growth. If you're considering any of these options or if you have specific questions about eligibility or refinancing opportunities, please don't hesitate to reach out. You can contact us at (845) 452-7323 or visit us at our branch located at 1 Commerce St Poughkeepsie Ny 12603, Poughkeepsie, NY. Let us partner with you on your financial journey!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $21,059,254, make buying or refinancing simple. We provide clear information on eligibility and refinancing options, ensuring you have all the resources needed to secure your dream home.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $8,522,795 in loans helping members manage their finances effectively. This product is ideal for those who want a straightforward solution for unexpected expenses or everyday purchases without collateral requirements.

Loan Aggregator

Benefits of Using LendMesh

One of the standout features of LendMesh is its commitment to providing verified data. All loan offers come from legitimate financial institutions, which fosters trust and transparency in the comparison process. Additionally, LendMesh does not have sponsored listings; lenders are not prioritized based on paid promotions. This allows users to view unbiased results that reflect true market conditions. LendMesh also provides real-time rate comparisons, ensuring that users have access to the most current loan rates available from multiple institutions. This feature is crucial in helping users make informed decisions about their borrowing options. 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!" For anyone looking to compare real-time loan offers and find the best rates tailored to their needs, visit LendMesh today. *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.*

Ensuring 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 adherence to recognized standards ensures that all loan offers presented are fair and transparent. By relying on verified financial institutions, LendMesh guarantees that users receive reliable information when comparing loans.

TEG FEDERAL CREDIT UNION - Poughkeepsie, NY

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