UmassFive College Credit Union Springfield MA | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Umassfive College at the Mercy Medical Center Branch, where we are dedicated to serving our community with trust and reliability. Located at 233 Carew St Rm 110, Springfield, MA 01104, our branch has been a cornerstone of financial support since it opened its doors in 1967. We pride ourselves on fostering strong relationships with our 50,876 members, providing them with personalized banking solutions tailored to their needs. At Umassfive College, we understand that every member's financial journey is unique. That's why we offer a wide range of services, including checking and savings accounts, auto loans, mortgages, personal loans, and business banking options. Our total assets stand at an impressive $707,070,417, and we have successfully facilitated over 23,607 loans and leases. With total deposits reaching $29,802,135 and a net worth of $62,693,860, we are committed to ensuring your funds are secure while helping you achieve your financial goals. Our team of dedicated professionals is led by CEO Richard Kump and Board President Jacqueline Watrous. Together with our 132 employees, we strive to create an inclusive environment that prioritizes the needs of our members. Whether you're looking for assistance or simply want to explore your options, we're here for you every step of the way. While you can reach us at our Springfield address for all your banking needs, please send any official correspondence to our mailing address: 233 Carew St Rm 110, Springfield, MA 01104-2377. We invite you to visit us in person or call us at 413-256-5500 during our operating hours Monday through Wednesday and Friday from 8:30 AM to 4:30 PM; Thursday from 7:00 AM to 4:30 PM. Explore how Umassfive College can support your financial journey today! For more information about our services or to open an account online, please check out our website at umassfive.coop.

Branch History & Mission

Commitment to Innovation

In today's fast-paced world, we understand the importance of staying ahead. That's why we've embraced digital advancements to make banking easier for our members. From online banking and mobile payments to electronic signatures and e-statements, we ensure that your experience is smooth and efficient. Our commitment to ADA compliance means that all members can access our services comfortably.

Community Engagement

We take pride in being more than just a credit union; we're an integral part of the Springfield community. Through various outreach programs and partnerships with local organizations, we strive to give back and support initiatives that matter most to our members. Join us today! Experience the benefits of being part of Umassfive College where your financial well-being is our top priority. Whether you're looking for personal banking options or business solutions, we are here for you every step of the way. Visit us during our operating hours from Monday to Wednesday and Friday from 8:30 AM to 4:30 PM, and Thursday from 7:00 AM to 4:30 PM. Feel free to reach out at (413) 256-5500 with any questions or inquiries. Together, let's achieve your financial goals!

Our Mission

Our mission is simple yet profound: to provide accessible financial services while fostering community support and growth. We believe that by empowering individuals with the right tools and resources, we can help build a stronger community. We offer a wide range of services including personal banking, auto loans, mortgage refinancing, and business banking solutions. Our commitment extends beyond banking; we actively engage in partnerships and outreach efforts that make a real difference in the lives of those we serve. While members can visit us at our branch location, official correspondence should be sent to our mailing address: 233 Carew St Rm 110, Springfield, MA 01104-2377.

Branch Location & Accessibility

Accessibility Features

At our Umassfive College branch, we prioritize accessibility for all members. Our facility is ADA compliant, ensuring that everyone can navigate comfortably. We offer ample parking space for visitors, along with designated accessible parking spots right outside our entrance.

Connect With Us

If you have any questions or need assistance while planning your visit, don't hesitate to reach out! You can call us directly at 413-256-5500. We look forward to welcoming you soon at the Umassfive College branch your local partner in financial wellness!

Operating Hours

We're here to serve you during our friendly operating hours: Monday through Wednesday and Friday from 8:30 AM to 4:30 PM, and on Thursday we open early at 7:00 AM for your convenience. This schedule allows you to choose a time that best fits your busy life.

Services Offered

When you visit us, you'll find a range of personal banking services including checking and savings accounts, auto loans, mortgage options, and credit cards with rewards. If you're a business owner, we also provide merchant services and business loans tailored to your needs. Though we currently do not have ATM or drive-thru services available at this location, we ensure smooth shared service transactions for deposits and withdrawals if you're a member of partner credit unions.

Member Eligibility

Joining the friendly community at Umassfive College is a straightforward and welcoming process! If you live, work, or study in the area or have a family member who is already a member, you're likely eligible to become part of our cooperative. We believe in supporting each other, which is why we offer various services that cater to your financial needs whether it's personal banking, auto loans, or business services. To get all the details about eligibility requirements, feel free to visit our dedicated page at http://www.umassfive.coop/our-community/membership-eligibility. Once you've confirmed your eligibility, opening an account is easy! You can start the process right from home by visiting our account opening page here: https://umassfive.loanspq.com/apply.aspx?lenderref=umassfive_live&list=xast. If you have any questions or need assistance along the way, don't hesitate to reach out to us at (413) 256-5500. We're excited to help you on your journey with Umassfive College, located at 233 Carew St Rm 110 Springfield Ma 01104!

Business Banking & Commercial Services

Financing That Fuels Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $25 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $40 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $13,739,935, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services Tailored for You

Beyond loans, we offer merchant services that simplify payment processing for your business. Imagine effortlessly accepting payments from customers, whether they're using credit cards or mobile wallets. Our services streamline transactions, allowing you to focus on what you do best running your business. Located at 233 Carew St Rm 110 Springfield Ma 01104, Springfield, MA, we invite you to discover how Umassfive College can partner with you on your journey towards success. For more information, call us at (413) 256-5500 or visit our website at http://umassfive.coop/. Let's build something great together!

Comprehensive List Of Services

Banking at Your Fingertips

In today's fast-paced world, convenience is key. That's why we offer robust Online & Mobile Banking features that let you manage your accounts anytime and anywhere. You can easily check balances, transfer funds, and even make payments right from your phone or computer. With options for ATM & Cash Withdrawal Services, accessing your money has never been simpler.

Financing Your Dreams

Looking to purchase a new car? Our Auto Loans & Vehicle Financing options make it easier than ever to hit the road without breaking the bank. We also provide Mortgage Loans & Refinancing solutions that can help turn your dream home into reality. Imagine lowering your monthly payments or accessing cash from your home's equity all while enjoying personalized service from our friendly staff.

Get In Touch!

We invite you to visit us at 233 Carew St Rm 110 Springfield Ma 01104, call us at (413) 256-5500, or explore more about what we offer by visiting our website: Mercy Medical Center Branch. Our dedicated team is ready to assist you Monday through Wednesday and Friday from 8:30 AM - 4:30 PM and Thursday from 7:00 AM - 4:30 PM. Let us help you achieve financial success today!

Personal Banking Made Easy

We understand that managing finances can sometimes feel overwhelming. That's why we offer Personal Banking services, including Checking & Savings Accounts designed to help you reach your financial goals with ease. Imagine having a reliable account where you can save for a family vacation or set aside funds for an emergency. Our accounts come with competitive rates and no hidden fees, making it simpler for you to keep track of your money.

Shared Branch Transactions

For members who belong to partner credit unions, we provide access to basic shared branch transactions such as deposits and withdrawals. This means more convenience for you, especially if you're traveling or away from home.

Simplifying Borrowing

For those unexpected expenses or big purchases, our Personal Loans & Debt Consolidation options give you flexibility and peace of mind. Whether it's consolidating existing debts or funding a project, we work with you to find a solution that fits your life. Plus, our Credit Cards with Rewards allow you to earn points on everyday purchases, turning spending into savings.

Supporting Local Businesses

If you're a business owner, we've got you covered too! Our Business Banking services include everything from Merchant Services that simplify payment processing to tailored Business Loans that help grow your enterprise. We believe in supporting local businesses because when they thrive, our community thrives.

Digital & Online Banking

Key Features

Our online banking platform, accessible at http://umassfive.coop/, provides an array of features that cater to your financial needs. You can view account balances, transfer funds, and pay bills all from the comfort of your home or on the go. Plus, with our mobile application, managing your money is just a tap away. Need to send money quickly? Our person-to-person transfer feature makes it simple to send cash to friends or family instantly. And if you're looking for a faster way to handle transactions, our mobile payments option lets you make purchases directly from your phone.

Security and Accessibility

Security is paramount at Umassfive College. We utilize electronic signature authorization for document signing, making transactions safe and efficient. Additionally, our e-statements provide a secure way to review your account activity while reducing paper waste. Whether you're checking balances or making payments, our user-friendly interface ensures that you won't face any hurdles along the way. In today's fast-paced world, being able to manage your finances on your terms is essential. At Umassfive College, we're committed to providing tools that enhance your banking experience while keeping your information safe and sound. Join us online today and discover how easy banking can be!

Financial Strength

A Growing Community

Total Share Accounts: 87,254, showing a strong and growing member base that trusts us with their finances. This reflects the community's confidence in our ability to manage their funds effectively. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Umassfive College is your trusted partner. Visit us at 233 Carew St Rm 110 Springfield Ma 01104 or call (413) 256-5500 to learn more about how we can help you achieve your financial goals.

Committed Team

We also take pride in having 126 full-time employees and 6 part-time employees who are dedicated to serving you with expertise and care. Our team is always ready to assist you with your financial needs.

Investment in Growth

With $60,734,393 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 your financial goals across various sectors with $5,544 in used auto loans and $551,437,453 in total loans and leases.

Member-Focused Savings

Members' savings are secured through $167,107,398 in share certificates and $53,991,535 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $30,651,673, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Strong Financial Health

With a net worth of $62,693,860, we maintain robust financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our commitment to responsible management ensures that you can trust us with your savings and loans. Our net worth ratio of $890 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

Additional Offerings

For business owners, our outstanding commercial loans totaling $13,739,935 provide the capital needed to grow and expand your business. We believe in supporting our local entrepreneurs as they contribute to our community's economic health. If you're considering refinancing any existing debts, we encourage you to speak with our knowledgeable staff about your eligibility options. We're here to ensure that you find the best solutions tailored specifically for you. For more information or assistance with your loan applications, please feel free to contact us at (413) 256-5500 or visit us at 233 Carew St Rm 110 Springfield Ma 01104 in Springfield, MA. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let's work together to make your financial goals a reality!

Auto Loans

Looking to buy a new car? Our auto loans provide some of the lowest rates in the industry, with over $61,796,328 in used vehicle loans and $14,320,093 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 flexible terms to suit your budget.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $64,556,373, which can help you secure that dream home you've been eyeing.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans. With a total of $17,492,247 in loans available, our credit cards help members manage their finances effectively while enjoying rewards on their purchases.

Loan Aggregator

Benefits of Using LendMesh

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. - Real-Time Rate Comparisons: Up-to-date loan rates from multiple institutions assist users in making informed choices. 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!" Such testimonials highlight the effectiveness and reliability of using this tool. Compare real-time loan offers today at LendMesh and find the best rates for your needs. 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 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 ensures fair and transparent offers for all users. Each loan comparison reflects actual rates and terms from reputable lenders, helping you to make informed financial decisions.