Business Details
Your Trusted Member-Owned Credit Union in Avon Lake, OH
Avon Lake Catholic Credit Union has served members of Catholic parishes in Avon, Avon Lake, Bay Village, Sheffield, and Sheffield Lake since its founding. As a member-owned financial institution, we prioritize community needs by offering checking and savings accounts, loans, and certificates of deposit with competitive rates. Our mission focuses on alleviating financial burdens to support spiritual growth, operating under the principle that members benefit directly from our success.With NCUA federal insurance covering deposits up to $250,000, we ensure security and transparency in all services. Our team maintains compliance with Fair Housing Laws and Equal Opportunity Credit Act standards while providing personalized financial solutions. We operate evenings Monday, Tuesday, and Thursday, with Friday afternoon hours to accommodate member schedules.
Services
Checking Accounts
Savings Accounts
Auto Loans
Home Equity Loans
Certificates of Deposit
Student Loans
Highlights and features
- We operate as a member-owned cooperative focused on community financial health
- Offering competitive APRs on auto, boat, and home equity loans
- Providing NCUA-insured accounts with coverage up to $250,000
- Serving Catholic parishes with tailored financial products since 1995
- Maintaining transparent fee structures with no hidden charges
Associations and certifications
- National Credit Union Administration (NCUA)
Services
Free Checking Accounts
Our free checking accounts provide essential banking without hidden costs. Members enjoy no minimum balance requirements, free first 20 checks, and overdraft protection options. MasterCard debit cards and online banking tools help manage finances efficiently while maintaining cost transparency.
Share Certificates
Certificate of Deposit options include 12-48 month terms with guaranteed returns. Current rates range from 2.5-3.25% APY for minimum $1,000 deposits. Early withdrawal penalties apply to protect investment growth while offering competitive returns over standard savings accounts.
Auto Loans
New and used auto loans available with rates starting at 5.49% APR. Flexible terms accommodate various credit profiles while maintaining affordable monthly payments. Boat and RV financing options also available with similar competitive rates.
Home Equity Loans
Home equity loans offer fixed rates starting at 6.74% APR for qualified borrowers. These secured loans provide access to larger credit amounts using property equity as collateral, with terms structured to match individual financial circumstances.
Student Loans
Partnering with Sallie Mae to provide private student loan options. We emphasize responsible borrowing through competitive rates while encouraging use of grants and federal loans first to minimize educational debt burdens.
Questions
What are your current certificate of deposit rates?
Our CD rates range from 2.5% to 3.25% APY for terms between 12-48 months. Minimum $1,000 deposit required with early withdrawal penalties applying.
Do you offer free checking accounts?
Yes, we provide free checking with no minimum balance requirements, no per-check fees, and include 20 free checks when opening the account.
What loan types do you specialize in?
We specialize in auto loans, home equity loans, boat/RV financing, and signature loans with competitive APRs starting at 5.49%.
How can I access my account after hours?
Online banking provides 24/7 account access. For in-person assistance, we're open Monday, Tuesday, and Thursday evenings plus Friday afternoons.
Are my deposits insured?
Yes, all deposits are federally insured up to $250,000 through the National Credit Union Administration (NCUA).
Who can join the credit union?
Membership is available to individuals connected with Catholic parishes in Avon, Avon Lake, Bay Village, Sheffield, and Sheffield Lake.
Reviews (1)
Kathe Kovacik
Jan 12, 2021
Report
Hours of operation are not good. Would be nice if they had an outside ATM that could be used if they are not open. Everyone who works there are very helpful, and very nice!
