Applying for a loan w/ First Heritage Federal Credit Union?
Whether you're applying for an auto, mortgage, or personal loan, First Heritage Federal Credit Union has extremely competitive rates. The problem? You need great credit to get those loan terms (if you want your best rates). Your first step to determine if you're eligible for top-tier rates is to pull your Credit Report.
You can review your Credit Report and find every inaccurate (and can potentially get removed), or contact a Credit Repair company, like Credit Glory, to walk you through that entire process.
You can schedule a free consultation with Credit Glory, or call one of their Credit Specialists, here ((833) 412-6805 ➔).
First Heritage Federal Credit Union vs. Major Banks
The short answer is... it completely depends (and your mileage may vary!). Not all Credit Unions are good. Not all banks are bad. Credit Unions, like First Heritage Federal Credit Union, are great for high CD rates & low interest loans / credit cards. The trade off? They're not as good because their resources, generally, are more limited for website services, apps, etc.
Credit Unions, as member owned organizations, aren't trying to make a profit. It's that simple. Of course, like any other not-for-profit, some are run well. Others? Not so much. The ultimate goal? Benefiting their members and maximizing their experience. First Heritage Federal Credit Union is a good example of a relatively well-run Credit Union. Their fees are minimal, their rates for all loan types are good, too.
Keep in mind, you'll have to apply for a membership to get accepted. This means they'll most-likely review your Credit Report & determine if you're eligible. We recommend speaking with a Credit Repair company, like Credit Glory, to understand how you can potentially improve (and fix) your Credit Score (before you apply for your Credit Union membership).
Banks, on the other hand, are in-it to make a profit. Generally, this means higher fees (on average). Banks also generally don't focus on the community the same way Credit Unions do. Credit Unions have memberships, while banks are generally open to anyone, anywhere. The primary pros of banks are generally better business services that are tailored to individual situations in a more comprehensive way. Also, if you plan to travel internationally, you save a lot of headache with a major bank account (and credit card).
First Heritage Federal Credit Union Main Office
- ADDRESS: 110 Village Sq
- CITY, STATE ZIP CODE: Painted Post, NY 14870-1349
- COUNTRY: United States
- COUNTY: Steuben
- PHONE: 607-936-4667
- WEBSITE: http://www.fhfcu.org
- CEO/MANAGER: Thomas J Pisano
First Heritage Federal Credit Union History & Information
- CREDIT UNION NAME: FIRST HERITAGE
- CHARTER NUMBER: 9604
- CREDIT UNION TYPE: FCU
- CREDIT UNION STATUS: Active
- CORPORATE CREDIT UNION: No
- CREDIT UNION CHARTER YEAR: 1954
- CURRENT CHARTER ISSUE DATE: 19725
- DATE INSURED: 25937
- CHARTER STATE:
- REGION: 1 - Eastern
- FIELD OF MEMBERSHIP TYPE: Community credit unions
- LOW INCOME DESIGNATION: Yes
- MEMBER OF FHLB: Yes
- ASSETS: 510928848
- PEER GROUP: 6 - $500,000,000 and greater
- NUMBER OF MEMBERS: 43499