UmassFive College Credit Union Worcester MA | Low Mortgage Rates & Top Checking Accounts

Introduction

Welcome to Umassfive College, your trusted financial partner located at 5 Lake Ave N Rm S1820, Worcester, MA 01605. Since our establishment in 1967, we have proudly served our community, growing to a vibrant membership of over 50,876 individuals. With total assets reaching an impressive $707,070,417, we are committed to providing personalized banking solutions tailored to meet your unique needs. At Umassfive College, we understand that finances can be overwhelming. That's why we offer a range of services designed to simplify your banking experience. From checking and savings accounts to auto loans and mortgages, our dedicated team is here to guide you every step of the way. We currently manage a total loan portfolio of 23,607 loans and leases, ensuring that you have access to the funds you need when you need them. While members can visit us at our branch location, official correspondence should be sent to our mailing address: PO Box 1060, Hadley, MA 1035. Our friendly staff is always ready to assist you during our operating hours Monday through Thursday from 7:30 AM to 4:30 PM and Friday from 7:00 AM to 4:30 PM. Under the leadership of CEO Richard Kump and Board President Jacqueline Watrous, we strive for excellence in service delivery while maintaining a strong net worth of $62,693,860. Your trust fuels our mission as we continue to foster economic growth within the communities we serve. We invite you to explore all that Umassfive College has to offer! For more information or assistance, please don't hesitate to give us a call at 508-471-9100 or visit us online at umassfive.coop. Let's work together towards your financial success!

Branch History & Mission

Welcome to the Umassfive College branch, a cornerstone of community financial support in Worcester, MA. Since our opening in 1967, we have grown from a small credit union into a trusted partner for over 50,000 members, with total assets exceeding $707 million. Our journey reflects a commitment to fostering financial wellness and empowering individuals through accessible banking services. Located at 5 Lake Ave N Rm S1820, our branch is ideally situated near local landmarks that resonate with the community. As we serve our members, we remember that our mission goes beyond just providing financial products; it's about creating meaningful connections and supporting the lives of those we serve. At Umassfive College, our mission is clear: to provide personalized financial solutions while making a positive impact in the community. We believe that everyone deserves access to quality financial services. That's why we offer a range of products, including checking and savings accounts, auto loans, mortgages, and personal loans all designed with your needs in mind. Our commitment extends beyond banking; we actively engage in community outreach programs and partnerships that uplift our neighbors and strengthen our bonds. Our operating hours reflect our dedication to accessibility Monday through Thursday from 7:30 AM to 4:30 PM and Friday from 7:00 AM to 4:30 PM ensuring that you can meet us when it's convenient for you. Plus, with ATM availability at your fingertips and shared service center options for basic transactions, we strive to make banking as easy as possible. While members can visit us at 5 Lake Ave N Rm S1820 Worcester Ma 01605, official correspondence should be sent to PO Box 1060, Hadley, MA 1035. For any inquiries or assistance, don't hesitate to reach out at 508-471-9100. Join us on this journey. Experience firsthand how Umassfive College can help you achieve your financial goals while being an active part of a community-focused credit union. Together, let's build a brighter future!

Branch Location & Accessibility

Call to Action

We encourage you to visit us at the Umassfive College branch! Feel free to call us at 508-471-9100 if you have any questions or need assistance before your visit. Our team looks forward to welcoming you and helping you achieve your financial goals!

Nearby Landmarks and Accessibility

Located just a stone's throw away from popular spots like Lake Park and the University of Massachusetts Medical School, our branch is easy to find. Parking is available on-site, ensuring a hassle-free experience when you visit. We are committed to accessibility for all members; our facilities are ADA compliant with ramps and other features designed to make your visit comfortable.

Operating Hours and Services

We invite you to stop by during our welcoming hours: Monday through Thursday from 7:30 AM to 4:30 PM and Friday from 7:00 AM to 4:30 PM. At Umassfive College, we pride ourselves on offering a range of services tailored for both individuals and businesses. From checking and savings accounts to auto loans, mortgages, and credit cards with rewards, we have solutions that cater to your financial needs. If you're looking for a quick cash withdrawal or balance check, our ATM is readily available for your convenience. While we don't offer drive-thru banking at this location, our friendly staff is always ready to assist you inside.

Member Eligibility

Becoming a member of Umassfive College is like joining a warm, welcoming family that truly cares about your financial well-being. To qualify for membership, you simply need to live, work, or attend school in the communities we serve. This means if you're part of our local area, we want you to enjoy the benefits that come with being a member of our credit union! Plus, once you're in, you'll have access to a range of services designed to help you save and grow your money. For more specific eligibility criteria, feel free to check out our detailed guide at http://www.umassfive.coop/our-community/membership-eligibility . Getting started is easy! You can open an account with us by visiting the link 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 (508) 471-9100. We're here to help you every step of the way as you embark on this exciting journey with Umassfive College, located at 5 Lake Ave N Rm S1820 Worcester Ma 01605. Welcome aboard!

Business Banking & Commercial Services

Financing Solutions that Foster 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 that Simplify Transactions

In addition to loans, we offer comprehensive merchant services designed to make transactions easier. Imagine running your café and seamlessly accepting payments via mobile devices or online platforms this convenience allows you to focus on what matters most: delighting your customers. Visit us at 5 Lake Ave N Rm S1820 Worcester Ma 01605 or call us at (508) 471-9100 to learn more about how our business banking and commercial services can fuel your success.

Comprehensive List Of Services

Business Banking Services

For our business members, we offer comprehensive business banking services, including merchant services and business loans to support your entrepreneurial journey. Whether you're just starting out or looking to expand, we're here to help make those ambitions a reality.

Credit Cards with Rewards

Who doesn't love rewards? With our credit cards, not only do you get purchasing power, but also earn rewards on everyday spending. This means each swipe brings you closer to travel perks, cashback offers, and other exciting benefits.

Digital Banking Features

In today's fast-paced world, convenience is key. That's why at Umassfive College, we provide robust online and mobile banking features. Access your accounts anytime, anywhere with ease transfer funds, pay bills, or even check your balance right from your smartphone. Our ATM and cash withdrawal services ensure you can get cash when you need it most without any hassle. If you're a member of another credit union, don't worry! We also offer basic shared branch transactions like deposits and withdrawals for partner credit union members.

Member-Centric Approach

At Umassfive College, we prioritize our members' needs above all else. Our friendly staff is always ready to assist you whether you visit us in person at our branch located at 5 Lake Ave N Rm S1820 Worcester Ma 01605 or reach out via phone at (508) 471-9100 during our lobby hours from Monday through Friday. We invite you to explore all that we have to offer and see how we can help improve your financial journey today! For more information about becoming a member or opening an account, please visit us at our website or call us directly. Join the Umassfive College family today!

Personal Banking Solutions

We understand that every member's needs are unique. That's why our personal banking options are tailored just for you. Open a checking or savings account that fits your lifestyle and gives you easy access to your money. If you're dreaming of a new vehicle, our auto loans and vehicle financing solutions offer competitive rates and flexible terms to help get you on the road quickly. For those considering home ownership or refinancing an existing mortgage, our mortgage loans provide various options to suit your situation. Need extra cash? Our personal loans and debt consolidation services can help simplify your finances and lower your monthly payments.

Digital & Online Banking

Key Features for Your Convenience

Need to send money quickly? Our person-to-person transfers allow you to send funds to friends and family in no time. Plus, with our mobile payments feature, you can make purchases right from your phone no need for cash or cards. You can also enjoy the ease of e-statements, helping you keep track of your transactions without the clutter of paper statements. For those who are always on the go, our mobile application brings banking right into your pocket. It's designed to be intuitive so that even if you're not tech-savvy, you'll find it easy to navigate. And with electronic signature authorization, signing documents is now just as simple as tapping a button.

Security You Can Trust

We prioritize your security above all else. Our digital banking services use top-notch security measures to protect your personal information, so you can bank with peace of mind. In a world that's constantly moving, Umassfive College is here to make sure that your banking needs are met swiftly and securely. Experience the convenience of modern banking today!

Financial Strength

Commitment to Innovation

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 is robust; we have $55,543,745 in total loans and leases, including $5,544 in used auto loans, supporting members' financial goals across various sectors.

Growing Membership Base

Total Share Accounts: 87,254, showcasing a strong and growing member base that trusts us with their finances. This trust allows us to continue enhancing our offerings while keeping your needs at the forefront of what we do. 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 5 Lake Ave N Rm S1820 Worcester Ma 01605 or call 508-471-9100 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.

Member-Centric 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.

Operational Efficiency

Our operational efficiency is reflected in our net income of $0, which shows our dedication to maintaining a sustainable model for growth while serving you effectively. We also take pride in having 126 full-time employees and 6 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team.

Strong Financial Foundation

With a net worth of $62,693,860, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. 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

Auto Loans

Looking to buy a new car? Our auto loans offer 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've got you covered with competitive rates and flexible terms.

Business Loans

For business owners, our outstanding commercial loans totaling $13,739,935 provide the capital needed to grow and expand your business. We understand the challenges that come with running a business and are here to support your ambitions with tailored lending solutions.

Credit Lines

In addition to our traditional loan offerings, we also provide credit lines amounting to $121,009,563, which can help you manage fluctuating cash flow or unexpected expenses without the hassle of reapplying for credit each time. At Umassfive College, we are committed to helping you navigate your financial journey with confidence. Our team is here to assist you every step of the way. If you're ready to learn more about our loan offerings or have any questions regarding refinancing or eligibility options, please reach out at (508) 471-9100 or visit us at 5 Lake Ave N Rm S1820 Worcester Ma 01605 in Worcester, MA. For performance insights and financial data sourced from the National Credit Union Administration (NCUA), please refer to: https://www.ncua.gov , based on the latest results.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $64,556,373, make buying or refinancing simple. We strive to provide our members with the support they need throughout the home-buying process. If you're considering refinancing your existing mortgage, we can help you explore eligibility options to find the best solution for your needs.

Unsecured Credit Card Loans

Managing everyday expenses is easier with our unsecured credit card loans, totaling $17,492,247. These loans are designed to give you flexibility while helping you stay on top of your finances. With straightforward terms and no collateral required, it's a great option for those looking for quick access to funds.

Loan Aggregator

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UMASSFIVE COLLEGE FEDERAL CREDIT UNION - Worcester, MA