Xcel Credit Union New York NY | Affordable Vehicle Loans & Business Banking

Introduction

At Xcel Federal Credit Union, we believe in the power of community and personalized service. Established in 1964, our credit union has been a trusted financial partner for over five decades, proudly serving 12,134 members from our branch located at 26 Federal Plz Fl 31, New York, NY 10278. With total assets amounting to an impressive $185,769,596, we are committed to helping you achieve your financial goals. While you can visit us at our New York branch for all your banking needs, please note that official correspondence should be sent to our mailing address: 1460 Broad Street, Bloomfield, NJ 7003. Our experienced team is here to assist you with a range of services including personal banking, auto loans, mortgage financing, and business banking solutions. Under the leadership of CEO Michael Mahiya and Board President Phyllis Ford, we strive to create a welcoming environment where every member feels valued. We currently have 36 employees dedicated to providing exceptional service and ensuring that your financial journey is smooth and rewarding. As part of our commitment to our members, we offer robust financial products backed by strong performance indicators. With a net worth of $21,085,274 and total deposits reaching $9,191,591, we prioritize your security and satisfaction. Whether you're looking for loans totaling 7,578 options or simply need assistance with day-to-day banking activities such as ATM withdrawals or mobile payments, we're here to help. Ready to take the next step? Visit us online at Xcel Federal Credit Union or call us at 973-275-9235 during our operating hours from Monday through Friday, 9:00 AM to 5:00 PM. Your financial future starts here!

Branch History & Mission

Join Us Today!

As we continue on this journey since 1964, we invite you to become part of the Xcel family. Experience the benefits of being a member of a credit union that truly cares about its community. Whether you need assistance with savings accounts, auto loans, or any other financial services our team is here for you. Visit us today at 26 Federal Plaza or call us at 973-275-9235 during our operating hours from Monday through Friday between 9:00 am and 5:00 pm. Join Xcel Federal Credit Union and discover how we can help you achieve your financial goals!

Mission Statement

Our mission is simple yet profound: we aim to provide outstanding financial services while fostering a strong sense of community. We believe that everyone deserves access to affordable banking options that help them achieve their dreams. Whether it's offering personal loans or facilitating business banking services, we prioritize the financial well-being of our members. At Xcel Federal Credit Union, we're committed to innovation and accessibility. Our branch offers online and mobile banking options for those who prefer managing their finances digitally. Furthermore, we ensure that all facilities are ADA compliant so that everyone can access our services comfortably. We also take pride in our partnerships with local organizations and community outreach programs. By engaging with the community around us, we aim to give back and contribute positively to the lives of those we serve.

Branch Location & Accessibility

Accessibility Features

At Xcel Federal Credit Union, we prioritize your comfort and convenience. Our branch is fully ADA-compliant and equipped with ramps and designated parking to ensure everyone can access our services easily. You'll find ample parking nearby, making it simple to visit us whether you're running errands or on a lunch break.

Get in Touch

Have questions? Feel free to give us a call at 973-275-9235. Our team is ready to assist you! We look forward to welcoming you to Xcel Federal Credit Union soon your trusted partner in achieving financial success!

Operating Hours

We understand that your time is valuable! That's why we are open Monday through Friday from 9:00 AM to 5:00 PM. Whether you need assistance with personal banking or have questions about loans and credit cards, our dedicated staff is here to help during those hours.

Services Offered

Our branch provides a wide range of services tailored for your needs, including personal banking options like checking and savings accounts, auto loans, mortgage refinancing, and credit cards with rewards. If you're a business owner, we also offer merchant services and business loans. Plus, enjoy the convenience of online and mobile banking for managing your accounts anytime! For quick transactions or basic shared services like deposits and withdrawals for partner credit union members, we have you covered. You can also take advantage of our ATM availability right at the branch.

Member Eligibility

Becoming a member of Xcel feels like joining a family where everyone is supported and valued. If you're interested in joining us, eligibility is open to individuals who live, work, worship, or attend school in the communities we serve. This means that if you are part of our vibrant neighborhood or have connections here, you're likely eligible! Additionally, we welcome family members of existing members, making it easy to share the benefits of membership with loved ones. Being a member at Xcel not only grants you access to a variety of financial services like personal banking, auto loans, and credit cards but also connects you to a community that prioritizes your financial well-being. To get started on your membership journey, simply visit us at our branch located at 26 Federal Plz Fl 31 New York Ny 10278, or feel free to give us a call at (973) 275-9235. For more detailed information about the specific eligibility criteria, check out our website at http://www.xcelfcu.org/join/membership/who-we-serve. Opening an account is straightforward and designed to be welcoming just follow the steps outlined here: https://app.consumer.meridianlink.com/pl/personalloan.aspx?enc=kw21wblm1yxpjjabdozad5gr9au6mo8jvqq9j6pc0zy2d3d_5i2gy63k__1jld6cdj7iigo-ank7pqd_kopsug. We can't wait to welcome you into our community!

Business Banking & Commercial Services

Commercial Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $4 in commercial loans for our members, helping businesses scale and succeed. This means more opportunities for you to invest in new equipment, hire additional staff, or even explore new locations. - With an outstanding commercial loan portfolio of $1,699,745, we continue to drive economic growth by financing new and expanding businesses. Our loans are tailored to help you navigate the financial landscape with confidence.

Merchant Services That Matter

In addition to loans, we offer essential merchant services that make handling transactions easier for your business. Imagine having a reliable payment processing system that allows you to accept payments anytime, anywhere. Our solutions help streamline your operations so you can focus on what truly matters growing your business. Located at 26 Federal Plz Fl 31 New York Ny 10278 in New York, NY, our team is ready to assist you. Feel free to reach out at (973) 275-9235 during our operating hours from Monday through Friday, 9:00 AM to 5:00 PM. Let's take your business to the next level together!

Comprehensive List Of Services

ATM Access & Shared Branch Transactions

Need cash quickly? Our ATM services are readily available for withdrawals and balance checks, giving you easy access whenever you need it. Plus, as part of our commitment to community banking, we participate in shared branch transactions. This means if you're a member of partner credit unions, you can still make deposits and withdrawals at our location without any hassle. At Xcel, we're more than just a credit union; we're your financial partner committed to helping you achieve your goals. Our friendly staff is ready to assist you during our operating hours from Monday through Friday, 9:00 am to 5:00 pm. We invite you to visit us at 26 Federal Plz Fl 31 New York Ny 10278 or give us a call at (973) 275-9235 to learn more about how we can serve you better! Explore all the ways we can help by visiting our website at Xcel Federal Credit Union. Your financial future starts here!

Business Banking Support

If you're a business owner, we understand that every decision counts. Our business banking services include merchant services and business loans, designed to help you thrive in a competitive market. We work with you to provide financial solutions that support your growth and success.

Convenient Digital Banking

In today's fast-paced world, convenience matters. That's why we offer robust online and mobile banking features, allowing you to manage your accounts from anywhere at any time. With mobile payments, person-to-person transfers, and e-statements, staying on top of your finances has never been easier!

Financing Your Dreams

When it comes to major purchases like cars or homes, our auto loans and mortgage financing solutions are designed with competitive rates and flexible terms. Picture yourself driving off in a new car or settling into your dream home without the stress of complicated financing. We also offer personal loans for those times when life throws unexpected expenses your way.

Personal Banking Made Easy

For those looking to manage their day-to-day finances, our personal banking options include checking and savings accounts tailored to fit your lifestyle. Whether you're saving for a special occasion or managing monthly expenses, we have the right account for you. Imagine having the peace of mind knowing your funds are secure while earning interest on your savings!

Smart Credit Choices

For those who enjoy rewards, our credit cards come with attractive benefits that make every purchase more rewarding. Whether you're planning a vacation or just want to earn cash back on everyday spending, our credit card options can help you make the most out of your purchases.

Digital & Online Banking

Accessible Anytime

With options like e-statements available for easy review and no need for paper clutter, managing your account has never been more efficient. The combination of these features means you're always in control of your financial health without needing to visit a branch in person. At Xcel, we're committed to providing our members with innovative solutions that fit their lifestyles. Join us today and experience how easy banking can be!

Enhanced Security and User-Friendliness

We prioritize your safety with advanced security measures, so you can bank with peace of mind. Our user-friendly interface ensures that navigating through various features is straightforward and hassle-free. You'll find everything organized intuitively, allowing you to focus on what matters most your finances.

Key Features

Our online banking service provides 24/7 access to your accounts, ensuring you can check balances, transfer funds, and pay bills at your convenience. Whether you're at home or on the go, you'll have real-time control over your finances. For those who prefer using mobile devices, our dedicated mobile application makes banking even simpler. You can easily make mobile payments, send money to friends and family through person-to-person transfers, and view your statements electronically all from the palm of your hand. Plus, with electronic signature authorization available, signing documents is quick and secure.

Financial Strength

Growing Trust

Total Share and Deposit Accounts: 23,896, showing a strong and growing member base that trusts us with their finances. This trust fuels our commitment to deliver exceptional service while maintaining robust financial strength. In conclusion, our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Xcel is your trusted partner. Visit us at 26 Federal Plz Fl 31 New York Ny 10278 or call (973) 275-9235 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 Approach

Members' savings are secured through $24,769,875 in share certificates and $16,918,444 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $16,098,999, 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 $169,597, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 35 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Reinvestment for Growth

With $15,972,017 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 with $843 in used auto loans and $120,717,833 in total loans and leases.

Solid Financial Foundation

With a net worth of $21,085,274, 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, with over $16,419,467 in used vehicle loans and $6,215,607 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive interest rates that make financing your next vehicle straightforward and affordable.

Business Loans

For business owners, our outstanding commercial loans totaling $1,699,745 provide the capital needed to grow and expand. We are dedicated to supporting local businesses with tailored solutions that fit your operational needs.

Credit Lines

In addition to our specific loan products, we offer total credit lines amounting to $53,320,499. This gives you the flexibility to borrow as needed while keeping your financial plans on track. We invite you to explore these options at our branch located at 26 Federal Plz Fl 31 New York Ny 10278, New York, NY. If you have any questions or want to discuss which loan product might be right for you, please feel free to reach out at (973) 275-9235 during our operating hours from Monday through Friday, 9:00 am to 5:00 pm. 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 us help you take that next step towards achieving your financial dreams!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $36,564,934, make buying or refinancing simple. We are here to guide you through the process, ensuring you find the right fit for your budget and lifestyle.

Unsecured Credit Card Loans

Managing day-to-day expenses can sometimes be challenging. That's why we also offer flexible terms on unsecured credit card loans, with a total of $8,078,984 in loans helping members manage their finances effectively. Enjoy the convenience of having access to funds when you need them most without worrying about collateral.

Loan Aggregator

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Xcel