Torch Lake Credit Union Wayne PA | Reliable ATM Services Access

Introduction

Welcome to Torch Lake, your trusted financial partner located at 680 E Swedesford Rd, Wayne, PA 19087. Since our establishment in 1955, we have proudly served our community with a commitment to member satisfaction and financial well-being. With a total membership of 1,648 individuals, we focus on providing personalized services that make banking convenient and accessible for everyone. At Torch Lake, we understand the importance of financial stability. That's why we manage over $11,379,551 in total assets, ensuring that your savings are secure and your loans are managed responsibly. Our dedicated team of 7 employees, led by CEO Connie Mikkola and Board President Alisha Kocjan, is here to assist you every step of the way. Whether you're looking for a reliable savings account or need guidance on loans like our total of 505 loans and leases we're here to help you achieve your financial goals. While members can visit us at our branch address, official correspondence should be sent to the same location: 680 E Swedesford Rd, Wayne, PA 19087-1605. Feel free to reach out via phone at 215-627-3800 or explore our services online at Torch Lake Federal. With total deposits reaching $776,488, you can trust that your money is not just safe but growing with us. Join us as we continue to impact our community positively through responsible lending and exceptional service. Visit us today or give us a call to learn more about how Torch Lake can support your financial journey!

Branch History & Mission

Join Us

As we continue this journey of growth and service, we invite you to become a part of our vibrant community at Torch Lake. Experience firsthand the benefits of membership whether it's securing a loan or simply seeking guidance on your financial journey. For more information about joining us or exploring our offerings, please visit Torch Lake Federal or call us at 215-627-3800. Together, let's build a brighter future for you and our community!

Our Evolution

Located at 680 E Swedesford Rd, Torch Lake began as a small credit union dedicated to providing affordable financial services to its members. Over the years, it has steadily evolved, adapting to the changing needs of the community while staying true to its mission. This includes embracing modern technology and offering services like online banking and mobile payments, ensuring that members have easy access to their finances. While members can visit us at 680 E Swedesford Rd, official correspondence should be sent to 680 E Swedesford Rd, Wayne, PA 19087-1605. This central location is conveniently situated near local landmarks, making it easy for our members to reach us.

Our Mission

At Torch Lake, our mission goes beyond just providing financial services; we aim to uplift our community. We believe in empowering individuals by offering personalized financial solutions that cater to their unique needs. Our core values emphasize trust, integrity, and the importance of giving back. We actively engage in community outreach initiatives and partnerships that help improve the lives of those around us. We understand the importance of accessibility and inclusivity in banking. That's why we ensure our services are compliant with ADA standards and continuously look for ways to enhance customer experience through various initiatives.

Branch Location & Accessibility

Welcome to Torch Lake, your friendly credit union located at 680 E Swedesford Rd in Wayne, Pennsylvania! We're conveniently situated in Delaware County, making it easy for you to stop by and meet all your banking needs. Whether you're heading to a nearby landmark or just passing through, our branch is accessible and ready to serve you. While members can visit us at 680 E Swedesford Rd, official correspondence should be sent to the same address. We pride ourselves on being easily reachable and welcoming to everyone. Our branch features convenient parking options, ensuring that you can find a spot without hassle. Plus, we are dedicated to accessibility with ADA-compliant facilities and ramps for those who need them. At Torch Lake, we understand that your time is valuable. That's why we strive to make banking easy and efficient. Although our specific operating hours are currently unavailable, our team is always here during business hours to assist you with anything from opening an account to discussing loan options. Feel free to give us a call at 215-627-3800 if you have any questions or need assistance. We also offer ATM services for your convenience, allowing you quick access to your funds whenever you need them. While we don't have drive-thru banking at this location, our staff is always eager to help inside the branch. Come visit us today at Torch Lake where our commitment is to provide personalized service tailored just for you! We look forward to welcoming you into our credit union family.

Member Eligibility

At Torch Lake, we believe that everyone deserves a chance to be part of a warm and supportive community. If you're looking to join us, becoming a member is simple! Eligibility for membership at Torch Lake includes individuals who live, work, worship, or attend school in our local area. We welcome you with open arms, whether you're new to the area or have been around for years. Joining us means access to fantastic benefits like competitive rates on loans and savings accounts, personalized service, and a strong commitment to helping our members achieve their financial goals. Ready to take the next step? You can find more detailed information about eligibility by visiting our website at Torch Lake Membership. If you have any questions or need assistance during the process, don't hesitate to give us a call at (215) 627-3800. We're excited to help you become part of our family at Torch Lake!

Business Banking & Commercial Services

Business Loans Tailored for Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs. We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. Additionally, we also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions that can adapt to your needs.

Merchant Services That Make Life Easier

In today's fast-paced world, having reliable merchant services can make all the difference. Imagine a small café seamlessly processing payments while managing inventory and tracking sales all from one platform. At Torch Lake, we provide the tools necessary for smooth transactions so you can focus on what you do best: running your business. With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses. Let us partner with you on your journey toward success at 680 E Swedesford Rd Wayne Pa 19087. For more information, reach out to us at (215) 627-3800 or visit our website at https://www.torchlakefederal.com/ .

Comprehensive List Of Services

Commitment to Members

Our team at Torch Lake is passionate about supporting our members in achieving their financial goals. We strive to provide not just services but real solutions that cater to everyday financial needs. Whether you're looking for cash withdrawal options or seeking advice on managing your finances effectively, we are here for you. If you're interested in learning more about how Torch Lake can assist with your banking needs or if you have questions regarding our ATM services, please don't hesitate to reach out! Call us at 215-627-3800 or visit our website at www.torchlakefederal.com for further information. Your journey towards better banking starts here join us today!

Digital Banking Features

In today's fast-paced world, digital banking has become vital. At Torch Lake, we understand the importance of offering modern solutions. While our primary service focuses on ATMs, we also encourage members to explore additional digital banking options available through our website. With online banking capabilities, you can check your account balances, view transactions, and manage your finances from the comfort of your home or on-the-go via mobile applications.

Our Services

Understanding that banking should fit into your lifestyle, we offer convenient services designed to simplify your experience. While we focus on offering ATM Services Only, this essential feature allows you easy access to your funds whenever you need them. Imagine being out and about in Wayne, whether it's grabbing groceries or taking care of errands, and having the peace of mind knowing you can withdraw cash from an ATM without hassle. With our commitment to making banking accessible, we ensure that our ATM services are strategically placed for your convenience. You can easily find ATMs nearby that allow you to manage your money efficiently.

Digital & Online Banking

Sub-section Name: E-Statements and Mobile Features

In today's fast-paced world, receiving paper statements can feel outdated. That's why we provide e-statements at Torch Lake. You'll not only help the environment but also enjoy instant access to your financial information all while keeping everything organized in one secure place. For those on the go, our mobile application makes banking even easier. You can check your accounts, make payments using mobile payments, and even send money through person-to-person transfers all from your smartphone! Whether you're at home or out running errands, you'll have all the tools you need right at your fingertips.

Sub-section Name: Security and User Experience

Security is a top priority for us. Our online banking services incorporate advanced security measures to ensure that your personal information remains safe. With user-friendly features that are easy to navigate, you'll feel confident managing your finances without any technical know-how. So whether you prefer using a computer or a mobile device, Torch Lake has got you covered with modern banking solutions tailored for you. Experience the ease of digital banking today!

Financial Strength

Commitment to Growth

With $1,126,546 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 $252 in used auto loans and $4,539,227 in total loans and leases.

Growing Member Base

Total Share and Deposit Accounts: 2,728, 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, Torch Lake is your trusted partner. Visit us at 680 E Swedesford Rd Wayne Pa 19087 or call (215) 627-3800 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

Members' savings are secured through $136,651 in share certificates, 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 $28,015 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 4 full-time employees and 3 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Solid Financial Health

With a net worth of $1,154,561, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,015 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 $2,638,078 in used vehicle loans and $1,015,168 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, we have options that fit your budget.

Credit Lines and Credit Cards

For those looking for flexibility, we also provide credit lines totaling $800,000. This option allows you to manage your finances effectively by giving you access to funds when you need them. Additionally, while we currently do not offer unsecured credit card loans, we're always evaluating ways to better serve our members' needs.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. Although we currently do not have any Junior Lien 1-4 Family Residential Properties loans available, we encourage you to check back for future offerings.

Refinancing Options

If you're considering refinancing your existing loans, be sure to reach out to us. We're here to discuss eligibility options and help streamline the process so that you can save money and improve your financial situation. Our dedicated team at Torch Lake, located at 680 E Swedesford Rd Wayne Pa 19087, Wayne, PA, is ready to assist you with any questions about our loan offerings. You can reach us at (215) 627-3800 for more details or visit our website at https://www.torchlakefederal.com/ for further information. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Explore how our loan products can help you achieve your goals today!

Loan Aggregator

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TORCH LAKE FEDERAL CREDIT UNION - Wayne, PA