Assembly of God Credit Union: Everything You Need to Know

When it comes to banking, there are a lot of options out there. From big banks to local credit unions, it can be tough to decide where to put your money. If you’re a member of the Assembly of God church or another Pentecostal denomination, however, one option worth considering is the Assembly of God Credit Union.

In this guide, we’ll dive into all the details you need to know about Assembly of God Credit Union. We’ll explore its history and mission, as well as its products and services. Finally, we’ll cover how to become a member and what sets this credit union apart from other financial institutions.

What Is Assembly of God Credit Union?

Assembly of God Credit Union is a financial institution that serves members of the Assemblies of God (AG) denomination and other Pentecostal organizations. Its official name is AGCU – The Credit Union for Ministries and Members.

The credit union was founded in 1951 by AG pastors who wanted their congregants to have access to affordable banking services. Today, AGCU has over 29,000 members across the United States.

AGCU’s mission is simple: “To serve our members with excellence while glorifying Jesus Christ.” This goal underlies everything AGCU does – from the products it offers to the way it interacts with members.

Products and Services

AGCU offers a range of financial products and services designed to meet the needs of its members. Here are some examples:

Checking Accounts

AGCU offers four different checking account options:

• Basic Checking: A no-frills account with no minimum balance requirements.
• Dividend Checking: Pays interest on balances greater than $500.
• Senior Checking: Designed for members over 55 years old; pays interest on balances greater than $500.
• Premier Checking: Offers higher interest rates and extra perks like free checks and overdraft protection.

Savings Accounts

AGCU offers several savings account options as well, including:

• Regular Savings: A basic savings account with a competitive interest rate.
• Share Certificates: CDs with terms ranging from 6 to 60 months.
• Money Market Accounts: Tiered accounts that pay higher interest rates on larger balances.

Loans

AGCU provides various types of loans to its members. These include:

• Auto Loans: Competitive rates for new and used vehicles.
• Personal Loans: Up to $10,000 for any purpose.
• Home Equity Loans: Financing options for home improvements, debt consolidation, and more.
• Mortgage Loans: Fixed and adjustable-rate mortgages with flexible terms.

In addition to these products, AGCU also offers credit cards, online banking services, and more.

Membership Requirements

To become a member of AGCU, you must meet one of the following criteria:

1. Be a member or attendee of an Assemblies of God church
2. Be a member or employee of an organization affiliated with the Assemblies of God
3. Have an immediate family member who is an AGCU member

Once you become a member, you maintain your membership even if you later leave the Assemblies of God or stop attending church altogether.

How Does Assembly of God Credit Union Differ from Other Financial Institutions?

So what sets AGCU apart from other banks and credit unions? Here are a few key factors:

Christian Values

As a Christian-based financial institution, AGCU operates according to Biblical principles. This means that it prioritizes honesty, integrity, and stewardship above profits.

Member-Owned

Like all credit unions, AGCU is owned by its members rather than shareholders. This means that profits are reinvested back into the institution or returned to members through lower fees or better rates.

Personal Service

As a smaller financial institution, AGCU is able to provide more personalized service to its members. This means that you’re more likely to work directly with a staff member who knows you and your financial goals.

Competitive Rates

Despite being a smaller credit union, AGCU still offers competitive rates on its products and services. In fact, its interest rates on savings accounts and CDs are often higher than what you’d find at big banks.

Non-Profit Status

Since credit unions are non-profit institutions, they don’t have the same profit-driven incentives as big banks. This allows them to focus solely on serving their members’ needs.

Conclusion

If you’re a member of the Assemblies of God or another Pentecostal organization, Assembly of God Credit Union could be a great choice for all your banking needs. With a commitment to Christian values, personalized service, and competitive rates, AGCU stands out from other financial institutions in several important ways.

So why not consider becoming an AGCU member today? Whether you need a checking account, a loan, or anything in between – AGCU has got you covered.