Towpath Credit Union Akron OH | Affordable Auto Loans & Business Banking

Introduction

Welcome to Towpath, your trusted partner in financial well-being located at 645 N Main St, Akron, OH 44310. Since our establishment, we have committed ourselves to providing personalized services tailored to the needs of our 25,391 members. With total assets of $194,195,997 and deposits amounting to $13,069,386, we stand as a pillar of strength in our community. At Towpath, we understand that banking is not just about numbers; it's about relationships. Under the leadership of our dedicated CEO, Michael Sferro, and Board President, Lester Carney, Sr., we strive to create an environment where every member feels valued and empowered. Our team of 66 employees is passionate about helping you navigate your financial journey whether it's through auto loans, personal loans, or business financing. While members can visit us at our branch for all their banking needs, official correspondence should be directed to the same address: 645 N Main St, Akron, OH 44310. We take pride in our commitment to the community and are eager to assist you with various services including checking and savings accounts, auto loans and vehicle financing, mortgages and refinancing options. Our online platform allows for convenient access to banking anytime you need it. If you're looking for a credit union that truly puts its members first and offers a blend of modern banking solutions with a personal touch, look no further than Towpath! Call us today at 330-664-4700 or visit our website at Towpath Credit Union to learn more about how we can help you achieve your financial goals.

Branch History & Mission

Commitment to Service

Towpath Credit Union is more than just a place for transactions; we're your partners in achieving financial success. Our branch features drive-thru banking for quick service, as well as shared service center options for added convenience. With operating hours designed to accommodate your busy schedule Monday through Thursday from 9 AM to 5 PM, Friday until 6 PM, and Saturday mornings we strive to be available when you need us most. We are dedicated to ensuring that everyone can access our services comfortably. Our facilities comply with ADA standards, reflecting our commitment to inclusivity.

Join Us Today

As we continue on this journey together, we invite you to become a member of Towpath Credit Union. Experience firsthand how our personalized approach can make a difference in your life. Whether you're looking for savings accounts or loans tailored just for you, Towpath is here every step of the way. Connect with us today at 330-664-4700 or visit our website here to learn more about what we can do for you!

Mission Statement

Our mission is clear: to enhance the financial well-being of our members while giving back to the community that supports us. We believe in providing not just financial services but also guidance and education to help our members make informed decisions about their financial future. Our community outreach programs aim to uplift those in need and strengthen local ties. While members can visit us at 645 N Main St, official correspondence should be sent to the same address. We are conveniently located near popular landmarks in Akron, making it easy for you to stop by during your day.

Our Journey

From our humble beginnings, Towpath has evolved to meet the changing needs of our members. We opened our doors with a simple mission: to provide accessible financial services that empower individuals and families. As we've grown, so too have our offerings. Today, we proudly offer personal banking services, auto loans, mortgages, credit cards with rewards, and business banking solutions. Our dedication to innovation is evident through our online and mobile banking options that make managing finances easier than ever.

Branch Location & Accessibility

Welcome to the Towpath Credit Union at our North Hill branch, conveniently located at 645 N Main St, Akron, OH 44310. This welcoming spot is easy to find and offers a friendly atmosphere where we prioritize your banking needs. Whether you're coming from nearby landmarks like the iconic Goodyear Heights Metro Park or heading over from downtown Akron, you'll appreciate how accessible we are. At Towpath, we understand that convenience is key. Our branch features drive-thru banking for quick transactions without leaving your vehicle. If you prefer to come inside, our lobby is open Monday through Thursday from 9 AM to 5 PM, Friday from 9 AM to 6 PM, and Saturday from 9 AM to 12:30 PM. We strive to ensure that all members can access our services easily with ADA-compliant features and ample parking options. While visiting us at our main address, keep in mind that any official correspondence should be directed to the same address: 645 N Main St, Akron, OH 44310. Although we don't have ATMs on-site, our shared service center provides additional resources for members of partner credit unions. You can count on us for personal banking services including checking and savings accounts, auto loans, mortgage loans, and more. Our friendly staff is here to assist you with any questions or transactions you may need. If you're looking for a financial institution that values community and accessibility, come visit us at Towpath Credit Union. Give us a call at 330-664-4700 or stop by today your financial journey starts here!

Member Eligibility

At Towpath, we believe that everyone deserves to be part of a caring community where financial needs are met with understanding and support. Joining us is simple and welcoming! If you live, work, worship, or attend school in the Akron area, you can easily become a member. We also invite immediate family members of current members to join our credit union family. This means you have access to all the benefits and services we offer, from competitive loan rates to personalized banking solutions that make your financial journey smoother. To learn more about the eligibility requirements and how to get started, feel free to visit our website at . When you're ready to open an account, just give us a call at (330) 664-4700 or stop by our branch located at 645 N Main St Akron Oh 44310. Our friendly team is here to guide you through every step of the process, ensuring that becoming a member is as easy as possible. Welcome to Towpath where you're not just a member; you're family!

Business Banking & Commercial Services

Commercial Loans

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $5 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $69 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $658,580, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

Imagine being able to accept payments easily while managing your cash flow effortlessly. Our merchant services are designed for today's busy entrepreneurs, allowing you to focus on what matters most growing your business. From credit card processing to online payment solutions, we ensure that your transactions are secure and efficient. Located at 645 N Main St Akron Oh 44310 in Akron, OH, our team is ready to partner with you. Contact us at (330) 664-4700 to learn more about how our business banking solutions can benefit you!

Comprehensive List Of Services

Auto Loans & Vehicle Financing

Thinking about purchasing a new vehicle? We offer auto loans and vehicle financing options that can help make your dream car a reality. Our straightforward application process allows you to get pre-approved quickly, so you can shop with confidence. Picture yourself behind the wheel of your new ride, knowing that you've secured an excellent financing deal through Towpath.

Basic Drive-Thru Banking & Shared Branch Transactions

For those who prefer face-to-face interactions but want quick service, our drive-thru banking offers a variety of basic transactions like deposits and withdrawals without leaving your car. Additionally, through shared branch transactions, members can easily access their accounts at partner credit unions across the nation. At Towpath in Akron, we aim to empower our members by providing easy access to essential financial services. If you're ready to explore how we can assist you further or if you have any questions about our offerings, don't hesitate to call us at 330-664-4700 or visit us today!

Business Banking

For small business owners, we offer business banking solutions including merchant services and business loans. Whether you're looking to expand your operations or need assistance managing cash flow, our knowledgeable staff is here to support your entrepreneurial journey.

Credit Cards with Rewards

With our credit cards offering rewards on everyday purchases, every swipe brings you closer to exciting benefits. Whether it's cashback on groceries or travel perks for your next vacation, our credit card options are designed with your lifestyle in mind.

Digital Banking Features

We understand that convenience is key in today's fast-paced world. That's why we provide robust online and mobile banking services that allow you to manage your accounts anytime and anywhere. You can make deposits, transfer funds, and pay bills from the comfort of your home or on-the-go.

Mortgage Loans & Refinancing

If you're in the market for a new home or looking to refinance your existing mortgage, we provide mortgage loans tailored to fit various budgets and lifestyles. Our experienced team will guide you through the process, ensuring you understand each step along the way. Imagine settling into your new home with peace of mind knowing that Towpath has provided you with a favorable loan option.

Personal Banking

Our personal banking services include checking and savings accounts designed to help you manage your finances effectively. Imagine having the flexibility to access your money whenever you need it, whether it's for everyday purchases or saving for a special occasion. With our competitive rates and user-friendly online banking platform, keeping track of your accounts has never been easier.

Personal Loans & Debt Consolidation

Need extra cash for unexpected expenses or want to consolidate debt? Our personal loans can give you the financial boost you require. Whether it's covering medical bills or funding a home improvement project, our flexible terms allow you to choose what works best for your situation.

Digital & Online Banking

Key Features

Our online banking service allows you to view your account balances, transfer funds, and pay bills from the comfort of your home or on-the-go. You can also set up e-statements for a quick and eco-friendly way to manage your finances, with the added bonus of security since you'll receive them directly to your inbox. If you ever need to sign documents electronically, rest assured that our electronic signature authorization makes it simple and safe. For those who love using their smartphones, our mobile application is available for download, providing all the features of online banking right at your fingertips. With just a few taps, you can send money through person-to-person transfers or make payments seamlessly though please note that mobile payments are currently not available.

Security and Accessibility

At Towpath, keeping your information secure is our top priority. Our digital services come equipped with robust security measures to protect your data while offering a user-friendly experience. You'll find it easy to navigate through various functions without any complicated steps. Whether you're checking your account balance during lunch or transferring funds late at night, our online banking services ensure you have full access whenever you need it. Join us at Towpath and experience how simple managing your finances can be!

Financial Strength

Growing Trust

Total Share and Deposit Accounts: 44,765, show a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $0 further affirm our readiness to support your needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Towpath is your trusted partner. Visit us at 645 N Main St Akron Oh 44310 or call (330) 664-4700 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

Members' savings are secured through $35,222,923 in share certificates and $11,922,388 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.

Operational Efficiency

Our $720,076 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 64 full-time employees and 2 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Reinvestment for Growth

With $16,099,598 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 robust; with $3,720 in used auto loans and $135,247,480 in total loans and leases, we support your financial goals across various sectors.

Strong Financial Health

With a net worth of $22,068,074, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,134 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. We have already issued over $56,074,211 in used vehicle loans and $17,831,849 in new vehicle loans, helping members get on the road with confidence. Whether you're interested in financing a new or used vehicle, our team is here to guide you through the process.

Business Loans

For business owners seeking growth opportunities, our outstanding commercial loans totaling $658,580 provide the capital necessary to expand and thrive in today's market. We understand the unique challenges businesses face and are committed to supporting local enterprises with tailored financing solutions.

Credit Lines

Additionally, we offer credit lines with a total amount of $18,030,899 available for those who prefer the flexibility of borrowing as needed. This can be an excellent option for managing unexpected expenses or planning for future projects. Our loan products are backed by performance insights and financial data sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. If you're interested in learning more about our loan offerings or want to explore refinancing options that could benefit your current financial situation, don't hesitate to contact us or visit our website at Towpath. Let us help you take the next step toward achieving your financial dreams!

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We provide Junior Lien 1-4 Family Residential Properties loans totaling $18,912,359, making it easier for you to invest in your future. If you're considering refinancing your existing mortgage, we have competitive rates and flexible terms available.

Unsecured Credit Card Loans

Managing day-to-day expenses can be challenging. That's why we offer flexible terms on unsecured credit card loans. With a total of $11,123,554 in these loans helping members manage their finances effectively, you can enjoy peace of mind knowing that you have access to funds when needed.

Loan Aggregator

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Towpath