Trades & Labor Credit Union Albert Lea MN | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Trades & Labor, your trusted partner in financial well-being since 1958. Nestled at 610 S Broadway Ave, Albert Lea, MN 56007, we have been committed to serving our community and fostering a sense of belonging among our members. With over 2,317 valued members, we pride ourselves on providing personalized banking services that truly make a difference. At Trades & Labor, we understand that every financial journey is unique. That's why our dedicated team of 5 employees, led by CEO Bradley Skinness and Board President Paul Nielsen, is here to guide you through all your banking needs from checking and savings accounts to auto loans and credit cards. With total assets exceeding $20 million and deposits amounting to $539,982, we ensure the security of your hard-earned money while offering competitive rates tailored to your financial goals. While members can visit us at our branch location, official correspondence should be sent to the same address: 610 SO BROADWAY AVE, ALBERT LEA, MN 56007. We invite you to explore our range of services that include not just personal banking but also business solutions designed for local enterprises. Our commitment goes beyond numbers; it's about creating lasting relationships within the community. With a net worth of $2,842,447 and cash in hand totaling $499,181, we are financially sound and ready to support our members' aspirations. Whether you're looking to open a new account or seek advice on loans, we encourage you to reach out. Call us today at 507-377-1863 or visit our website at tradesandlabor.com for more information. Let us help you build a brighter financial future!

Branch History & Mission

Community Engagement

Our credit union has always been deeply rooted in community outreach. We prioritize partnerships with local organizations to enhance the well-being of our neighbors. We also strive to create an inclusive environment by ensuring ADA compliance throughout our facilities. As we move forward, we remain focused on enhancing our digital capabilities while keeping a strong personal touch in all interactions. The leadership team, guided by CEO Bradley Skinness, is dedicated to maintaining this balance as we look toward the future.

Join Us

We invite you to become part of the Trades & Labor family! Experience how our tailored financial services can help you achieve your goals while being part of a community-oriented organization. Visit us at 610 S Broadway Ave during our operating hours Monday through Thursday from 8:30 AM to 5 PM, Friday until 5:30 PM, and Saturday from 8:30 AM to 12:30 PM or reach us at 507-377-1863 for more information. Discover what it means to be more than just a member; be part of a movement that supports you every step of the way!

Our Mission

At Trades & Labor, our mission is straightforward yet impactful: to provide personalized financial services while supporting the dreams and aspirations of our members. We believe in empowering individuals through responsible banking practices, whether it's assisting with auto loans, offering savings accounts, or providing business banking solutions. Our commitment goes beyond just numbers; we are here to foster growth within our community. We understand that accessibility is key in today's fast-paced world. That's why we offer online banking and person-to-person payment options, ensuring you can manage your finances conveniently from anywhere. While we currently do not have ATM services available, our drive-thru banking allows for easy deposits and withdrawals without leaving your vehicle.

Branch Location & Accessibility

Welcome to the Trades & Labor Credit Union, your friendly financial partner located right in the heart of Albert Lea at 610 S Broadway Ave. Our branch is easily accessible and positioned near local landmarks, making it convenient for members and visitors alike. Whether you're grabbing a bite at a nearby café or running errands, stopping by our branch is simple. At our location, we prioritize accessibility for all members. Our building features ADA-compliant ramps and parking spaces, ensuring everyone can visit us without any hassle. Plus, we have a drive-thru service that allows you to handle basic transactions like deposits and withdrawals from the comfort of your vehicle. If you need to reach out to us for any inquiries or assistance, feel free to call us at 507-377-1863. We're here to help! Our operating hours are designed with your busy schedule in mind: we're open Monday through Thursday from 8:30 AM to 5:00 PM, extending our hours until 5:30 PM on Fridays, and welcoming you on Saturdays from 8:30 AM to 12:30 PM. While members can visit us at 610 S Broadway Ave, official correspondence should be sent to our mailing address at 610 SO BROADWAY AVE, ALBERT LEA, MN 56007. So why wait? Come visit us today and explore how we can assist you with personal banking services such as checking and savings accounts, auto loans, mortgages, and more. Your financial journey starts here!

Member Eligibility

Becoming a member of Trades & Labor is like joining a family that truly cares about your financial well-being. If you're looking to become part of our community, you'll find that eligibility is open to anyone who lives, works, or worships in the area or has family members already with us. This inclusive approach means more people can benefit from our services, whether you need a savings account, an auto loan, or just someone to help you navigate your financial journey. To learn more about the specific criteria, you can visit our detailed eligibility page at http://www.tradesandlabor.com/about.php?dummy=membership#membership. Joining us is straightforward and welcoming! You can start the process by checking out our account opening details at https://www.financial-net.com/tradesandlabor/lending/internetloans, and if you have any questions along the way, don't hesitate to reach out to us at (507) 377-1863. We're here for you! Located at 610 S Broadway Ave Albert Lea Mn 56007, we look forward to welcoming you into our supportive community where your financial goals become our mission.

Business Banking & Commercial Services

Financing Your 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. - 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 $0, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Matter

Imagine having a reliable partner for all your payment processing needs. Our merchant services are designed to simplify transactions, allowing you to focus on what you do best running your business. From credit card processing to online payment solutions, we provide the tools you need to thrive in today's competitive market. Visit us at 610 S Broadway Ave Albert Lea Mn 56007 in Albert Lea, MN or call us at (507) 377-1863 to learn how Trades & Labor can be a part of your business success story.

Comprehensive List Of Services

Auto Loans & Vehicle Financing

If you're in the market for a new vehicle or need financing for a used car, our auto loans provide flexible options tailored to fit your budget. Picture yourself driving away in that reliable vehicle without the stress of complicated financing terms. We help you navigate through the process smoothly so you can focus on enjoying the ride.

Business Banking

For entrepreneurs and business owners, we offer tailored solutions including merchant services and business loans. Running a business requires financial flexibility; our services aim to support your growth and help streamline operations so you can focus on what matters most your customers.

Credit Cards with Rewards

Our credit cards not only provide purchasing power but also come with rewards that benefit you every time you use them. Whether it's cash back on groceries or travel points for future adventures, our credit cards are designed to give you value while making purchases.

Digital Banking Features

In today's fast-paced world, convenience is key. Our online and mobile banking services allow you to manage your accounts from anywhere at any time. Whether it's checking balances or transferring funds, everything is just a few clicks away. You can also enjoy ATM and cash withdrawal services along with basic drive-thru banking for quick deposits and transactions. At Trades & Labor in Albert Lea, MN, we strive to create financial solutions that fit seamlessly into your lifestyle. Whether you're stopping by in person or accessing us online at tradesandlabor.com, we're here to assist you. Don't hesitate to reach out! Call us today at 507-377-1863 to learn more about how we can help meet your financial needs or visit us during our lobby hours: Monday-Thursday 8:30 AM - 5:00 PM, Friday 8:30 AM - 5:30 PM, and Saturday 8:30 AM - 12:30 PM. Your financial journey starts here!

Mortgage Loans & Refinancing

Homeownership is an important milestone for many families, and at Trades & Labor, we offer mortgage loans and refinancing options that can make this dream achievable. Whether you're buying your first home or refinancing an existing mortgage for better rates, our team will guide you every step of the way, ensuring you find the right loan solution.

Personal Banking

For those looking to take charge of their personal finances, we offer checking and savings accounts that are easy to manage and come with competitive interest rates. Imagine effortlessly keeping track of your expenses while saving for that dream vacation or emergency fund. Our accounts make it simple to budget and grow your savings.

Personal Loans & Debt Consolidation

Life can sometimes throw unexpected expenses your way. That's where our personal loans come into play. These loans can help cover medical bills, home repairs, or even consolidate debt into one manageable payment. Imagine having peace of mind knowing you have support when life gets tough.

Digital & Online Banking

Accessibility and Real-Time Management

For those who prefer paperless options, e-statements are readily available, providing you with easy access to your financial documents without the clutter of physical copies. While we don't currently offer mobile payments or a dedicated mobile application, our online banking platform is designed to be user-friendly on both desktop and mobile browsers. At Trades & Labor, we strive to ensure that all members have the tools they need for effective financial management. Join us today and discover how our digital banking services can simplify your banking experience!

Key Features

Our online banking service provides you with 24/7 access to your accounts, allowing you to check balances, pay bills, and transfer funds whenever it suits you. With person-to-person transfers available, sending money to friends or family is just a few clicks away. This feature makes splitting bills or sharing expenses easier than ever.

Security and User-Friendliness

We prioritize your security. While electronic signature authorization is not currently available, rest assured that our online platform employs robust security measures to protect your information. You can manage your account confidently, knowing that we are committed to keeping your data safe.

Financial Strength

At Trades & Labor, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. With a strong commitment to sound financial practices, we are here to support your needs today and into the future. Our financial health is reflected in our impressive net worth of $2,842,447, which allows us to provide better rates, lower fees, and enhanced services tailored just for you. Additionally, our net worth ratio of 1393 demonstrates a solid capital foundation, ensuring that we can continue providing loans and competitive savings rates even during uncertain economic times. Members' savings are secured through $3,696,170 in share certificates, offering stable and rewarding financial growth opportunities. We prioritize our members' interests above all else. With no non-member deposits affecting our resources, every dollar is focused on benefiting you through better loan rates and exclusive perks. With $2,493,880 in undivided earnings, we continually reinvest in innovative banking tools and stronger lending options to serve you better. Our lending capacity also supports your financial goals across various sectors; we currently have $15,561,891 in total loans and leases available for our members. Our operational efficiency is evident in our net income of $348,567, enabling us to maintain competitive loan rates and robust financial products designed with you in mind. We take pride in having a dedicated team of 4 full-time employees and 1 part-time employee, ensuring that our branches are always ready to assist you with knowledgeable service. Overall, we have 4,279 total share accounts, reflecting 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, Trades & Labor is your trusted partner. Visit us at 610 S Broadway Ave Albert Lea MN 56007 or call 507-377-1863 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 $7,413,855 in used vehicle loans and $1,624,315 in new vehicle loans already helping members get on the road. We provide financing for both new and used vehicles to ensure you find the right fit for your budget.

Credit Lines

In addition to these products, we provide access to credit lines totaling $1,620,000, allowing you to borrow funds as needed while only paying interest on what you use. This is an excellent option for those looking for financial flexibility.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $905,366, make buying or refinancing simple. We aim to support our members through every step of the home-buying process with transparent terms and competitive rates.

Refinancing Options

If you're considering refinancing existing loans or exploring eligibility options for our products, our team is here to help guide you through the process. We believe in making financing accessible and straightforward for all our members. Our performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. At Trades & Labor, we prioritize your financial well-being and are dedicated to providing personalized services that cater to your unique circumstances. Feel free to visit our website at tradesandlabor.com or call us today!

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $438,159 in loans helping members manage their finances effectively. This option provides you with the flexibility to handle everyday expenses or unexpected costs without the burden of collateral.

Loan Aggregator

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