Chiphone Federal Credit Union
Chartered in 1947, Chiphone Federal Credit Union has been providing financial services the Elkhart, IN community for over 77 years.
Contact & Hours Online BankingComprehensive Credit Union Services
Financial solutions tailored to meet your needs at Chiphone FCU. From personal banking to business accounts, Chiphone offers services to help you manage your finances. Despite a recent trend in a 2024 survey by the New York Federal Reserve showing an increase in consumers expecting loan application rejections — with mortgage rejections rising by 5.6 percentage points to 42.0 percent, and auto loans by 1.2 percentage points to 31.8 percent over the past 12 months — credit union members enjoy higher approval rates that defy these national averages.
- Checking and Savings Accounts
- Auto Loans and Mortgage Services
- Investment Advice and Retirement Planning
Your Partner in Financial Growth
At Chiphone FCU, members are empowered with the financial resources they need to achieve their goals. Explore the range of products and services designed to enhance your financial wellbeing. In fact, according to a 2024 survey by the Bureau of Economic Analysis, Americans have increased their spending by 0.8% and seen a 0.2% rise in disposable personal income over the past year, signaling a positive trend in economic activities that could impact personal financial planning.
- Customized Financial Planning and Analysis
- Secure Online Banking and Mobile App Features
- Exclusive Member Benefits and Discounts
Reviews
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- Gain Recognition: Reviews can serve as testimonials that highlight your insights and experiences. Contributing a review can also raise your profile among the credit union community.
Community Q&A
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Stuck on a question about accounts, loans, or anything else? Our vibrant Q&A forum is here to help! Get real-world insights from experienced members and financial experts.
Can't find the answer you're looking for? Don't be shy! Ask your question and let the Chiphone FCU community guide you.
Benefits
- Get Expert Advice: Connect with knowledgeable members and financial professionals.
- Real-World Insights: Gain practical advice based on real-life experiences.
- Fast Answers: Find solutions to your questions quickly and easily.
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Find Chiphone Branch Locations
Explore top-rated credit unions across Indiana with our comprehensive locator. Whether you're seeking competitive loan rates or exceptional customer service, our tools make it easy to find a credit union tailored to your financial needs in Indiana.
- Comprehensive directory of Indiana credit unions
- Filters for services, locations, and member ratings
- Latest updates on rates and special offers from local institutions
Why Choose Chiphone Federal Credit Union?
Chiphone understands the importance of reliable financial services tailored to your needs. From competitive rates to exceptional customer care, discover how you achieve your financial goals.
- Financial Solutions – Tailor-made services to suit your budget and goals.
- Community Investment – Giving back to the Elkhart community.
- Advanced Security – Ensuring the safety of your financial information.
Chiphone Downtime Service Status
Find the status of online banking, mobile app, and the Main Office location at 710 N Wildwood Avenue. Report outages you're experiencing, including login issues and traditional services like ATM or telephone.
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Main Office Service Status
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Membership Eligibility
Who Can Join Chiphone Federal Credit Union?
Chiphone provides financial services for multiple communications and utilities sectors, enhancing support for specific industry needs. With over 9,000 members, Chiphone Federal Credit Union offers a wide range of accounts, including Regular Savings (12,000+), Share Draft (6,000+), Money Market (400+), and Share Certificate (CDs: 500+) accounts.
Financial Snapshot Q4 2023
- Total Assets $111,231,904
- Total Liabilities $94,240,543
- Total Equity $16,991,361
- Total Liabilities, Shares, & Equity $111,231,904
- Net Income (Loss) $697,300
Frequently Asked Questions
To log into online banking for Chiphone Federal Credit Union, visit the website and click on the "Online Banking" or "Login" button, typically located at the top right corner.
If you haven't registered for online access yet, look for a "Register" or "Sign Up" option available on the same page.
Available Services
- Bill Payment
- e-Statements
- Electronic Signature Authentication/Certification
- Remote Deposit Capture
To access your account through online banking, visit the Chiphone Federal Credit Union login page.
Yes, Chiphone Federal Credit Union provides a variety of mortgage options to fit your needs. Visit the "Mortgages" page on the credit union's website or contact for more details.
- Fixed Rate Mortgages > 15 Years
- Fixed Rate Mortgages 15 Years or Less
- Balloon/Hybrid Mortgages > 5 Years
Estimate mortgage payments with our Mortgage Calculator.
Empower Yourself: Explore Credit Union Advantages
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- What is a Credit Union? Not-for-Profit
- How Does a Credit Union Work? Find Out
- How Do I Join a Credit Union? Easy as Pie
- Credit Union Insurance You're Safe
Overview
Established in 1947, Chiphone Federal Credit Union proudly calls Elkhart, Indiana home. For over 77 years, Chiphone FCU has been a trusted financial partner, boasting a network of 7 branches and 6 ATMs across the country.
Chiphone Federal Credit Union stewards over $111.2 Million in assets and proudly serves over 9,000 loyal members.
With over 40 dedicated individuals as of April 2024, Chiphone is committed to providing exceptional financial services to its members and the community.
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Chiphone FCU Elkhart, IN Hours
Contact Chiphone FCU in Elkhart
Data sources: NCUA and Chiphone FCU
Elkhart, IN 46514
Looking for a different location? Find the closest Chiphone Federal Near Me or Locate an ATM.
Interest Rates
- Competitive Rates and Low Fees: As a not-for-profit institution, Chiphone offers better rates and lower fees than many for-profit banks.
Unsecured Credit Card 11.90% Other Unsecured Loans/Lines of Credit 11.33% New Vehicle Loans 4.85% Used Vehicle Loans 6.76%
When exploring financial products such as loans or savings accounts, it's crucial to grasp the concepts of Annual Percentage Rate (APR) and Annual Percentage Yield (APY). These metrics serve as benchmarks for evaluating the true cost of borrowing or the potential returns on savings over a year, respectively.
For instance, a lower APR signifies a more cost-effective borrowing option, as it indicates lower overall expenses associated with the loan. Therefore, borrowers should prioritize selecting loans with the lowest APR to minimize the financial burden and maximize savings in the long run.
For savers, a higher APY translates to greater returns on their deposited funds, facilitating wealth accumulation and financial goals achievement. Hence, individuals seeking to optimize their savings should seek accounts offering competitive APY rates to maximize their earning potential and capitalize on the power of compound interest.
Shorter loan terms often entail higher monthly payments but result in lower total interest expenses over the loan's lifespan. Conversely, longer loan terms yield lower monthly payments but may lead to higher overall interest costs due to prolonged repayment periods.
It's imperative for borrowers to strike a balance between monthly affordability and long-term financial implications when selecting a loan term. By carefully evaluating their budgetary constraints and financial objectives, borrowers can opt for the most suitable term length that aligns with their repayment capacity while minimizing the total cost of borrowing.
Chiphone FCU - Elkhart, IN Map
Nearby Chiphone Federal Branches
Elkhart East Branch
Elkhart, IN
Closed Today
Elkhart North Branch
Elkhart, IN
Open Today
Elkhart Branch
Elkhart, IN
Open Today
Middlebury Branch
Middlebury, IN
Open Today
References
- National Credit Union Administration (NCUA). (n.d.). NCUA - Analysis & Research: Credit Union Corporate Call Report Data - Quarterly Data. Retrieved April 20, 2024, from https://ncua.gov/
- Chiphone Federal Credit Union. (n.d.). Chiphone Federal Credit Union Branch Details. Retrieved April 20, 2024, from https://www.chiphone.org/