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 El Futuro CU has been certified as an Acceptance Agent by the IRS. Read More This year will mark our 40 th year in serving the community.
We are looking for volunteers who might be willing to participate on a celebration committee.Read More |
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Q: What is El Futuro Credit Union's Routing and Transit Number?
A: The ABA or routing number for El Futuro Credit Union is 321174644.
Q: How do I report a lost or stolen credit card, ATM card or Share Draft Checks?
A: To report a lost or stolen ATM card or Share Drafts (checks) please call (559) 784-0324.
Q: What are your hours of operation?
A: El Futuro Credit Union is open daily, Monday through Friday, 10:00 am to 5:00 pm.
Q: Are my savings deposits insured?
A: As a member of El Futuro Credit Union, you can be assured that your funds are safe. Your savings are insured for up $250,000 by the National Credit Union Administration.
Q: How do I become a member?
A: Complete a member application and present two forms of identification, both must be official and one must have a picture. You must pay a $5 registration fee, and make a $25 deposit.
Q: Do you accept Matricula Consular cards as valid identification?
A: Yes, we do accept the Matricula Consular.
Q: Do you accept temporary visas?
A: Yes.
Q: Do you require a Social Security Number or will you accept an Individual Tax Identification Number (ITIN) from new members?
A: We accept both the SSN and the ITIN. We also open non-interest-bearing accounts without a SSN or ITIN. All members must show official photo identification.
Q: How do I open a share(savings) account?
A: You need to be a member and deposit a minimum of $25.00. You will begin to earn dividends when you have a minimum of $100 in your account.
Q: How much cash can I withdraw per day when I visit the branch?
A: Because the credit union must protect its members, staff, and property against robberies, we only keep enough funds on hand for our daily operations. Because of this we limit member withdrawals to $2,500 per day. If you require more, please call our office and we will order your cash ahead of time. Certified checks and money orders are always available to our members.
Q: What service charges does the Credit Union have?
A: Any fee offered by the credit union is always amongst the lowest in the area. All of our services from checking to money orders are offered at the lowest possible amount, and in most cases, only cover our cost of operation. Our fee schedule is posted on the internet, and is posted at the credit union office.
Q: When are checks ,Electronic Funds, and payroll deposits debited/credited to my account?
A: Checks and Electronic funds transfers are always posted in the morning hours of operation. We only receive and post these items once a day Monday to Friday. Payroll deposits are deposited to the member's accounts, the same day, as we receive them.
Q: How does the Credit Union make money while charging low service charges?
A: Through careful planning and budgeting, our Board of Directors, along with the General Manager and staff, all work to keep operating expenses low in order to sustain operations based on interest earned on our Loan portfolio. Our staff also realize that we are a cooperative and thus our salaries tend to be lower then usual, while we operate on a minimum budget.
Q: What are the maximum amounts that I can borrow on a loan or mortgage from the Credit Union?
A: Vehicle loans can be offered for any amount, and in most cases, up to 100% financing is allowed. Personal loans can be made currently for up to $4,000. Any amount exceeding this must be secured with deposits in the account. The Credit Union, (on approved credit) may lend up to $75,000 per member for a mortgage on a property.
Q: Can anyone get a loan from El Futuro Credit Union?
A: Only members of El Futuro Credit Union can apply for loans.
Q: How long does approval take?
A: We make every attempt to make decisions on loan applications in a timely manner. Although the approval process can take anywhere from an hour to several hours, we strive to provide you with a decision as soon as we possibly can.
Q: What items do I need to apply for a loan?
A: The type of loan being applied for determines the items required for loan processing. An application and verification of income are required for ALL loan types. For Auto Financing, we would need copies of pertinent documents like purchase orders, invoices, titles, insurance, etc. However, these items would not be necessary for Personal Loans or Credit Cards. For more information about what is required, contact our Loan Department at (559) 784-0324.
Q: How do I qualify for a loan?
A: We look at every application individually. We base our decisions on a member’s creditworthiness and their ability to repay the loan. However, each member's situation is unique. That is why we offer many different loan programs for our members. We urge you to apply for the loan you are interested in and allow our Loan Professionals to determine which option is best for you. We are a member owned financial institution and our goal is to serve all our members.
Q: How do I find the value of my vehicle?
A: If you are interested in knowing the value of your vehicle, or a vehicle you may be interested in purchasing, you can go to NADA online and input the information for your vehicle. You can also contact us our loan officer, at (559) 784-0324, who can assist you with that information.
Q: What identification do you require for lending purposes?
A: A valid SSN or ITIN and necessary documentation proving income and debt.
Q: Will you lend money to someone with a Green Card?
A: Yes. As long as a borrower has a valid SSN or ITIN and we can obtain a satisfactory credit history.
Q: Do you make loans to members with no credit history?
A: Many of our loans go to members without credit history. These members are generally a good credit risk, because they do not like debt and are accustomed to paying their bills on time.
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