Business Details
Trusted Financial Services in Gladstone, OR
Machinists-Boilermakers Federal Credit Union is a member-owned financial institution dedicated to providing comprehensive financial solutions to its eligible members. Established to serve the financial needs of Machinists District Lodge W24 members, St. Ignatius Parish employees, and their families, we prioritize personalized service and community-focused banking. Our team combines decades of experience in financial services with a deep understanding of our members' unique needs. We offer a wide range of products including competitive loan programs, savings accounts, and specialized services like GAP protection for auto loans.Our commitment to transparency is demonstrated through clear fee schedules and proactive communication about account requirements. With nearly 600,000 members across North America, we maintain rigorous compliance with financial regulations while ensuring accessibility for all members, including those with disabilities. Our local Gladstone office provides in-person service alongside modern digital banking solutions to meet diverse member preferences.
Services
New Auto Loans
Used Auto Loans
Signature Loans
Share Secured Loans
High Yield Savings
Christmas Club Accounts
Regular Checking
Credit Life Insurance
GAP Protection
ACH Services
Highlights and features
- We offer member-owned financial services with personalized attention
- We provide competitive loan rates with flexible terms and conditions
- Our credit union offers specialized GAP protection for auto loans
- We maintain transparent fee schedules and clear account requirements
- Our team serves nearly 600,000 members across North America
Services
New Auto Loans
We offer pre-approved new auto loans with competitive rates and GAP protection options. Our financing process allows members to secure vehicle funding before visiting dealerships. Loan terms include flexible payment options with the ability to add GAP protection for financial security in case of vehicle loss.
Used Auto Loans
Our used auto loan program provides financing up to 100% of the NADA average retail price. We offer the same favorable rates as new auto loans and accept refinancing applications for vehicles financed through other institutions. Members can access pre-approval to simplify their used car purchasing process.
Signature Loans
We provide unsecured signature loans up to $5,000 for various personal financial needs. These flexible loans accommodate purposes like debt consolidation or vacation planning. Our members benefit from automatic payment options and competitive interest rates based on creditworthiness.
Share Secured Loans
Our share secured loans use members' savings accounts as collateral for favorable interest rates. Borrowers can access up to 100% of their share account balance while maintaining dividend earnings. This loan option provides accessible financing while preserving members' savings growth.
High Yield Savings
We offer high yield savings accounts requiring a $5,000 minimum daily balance to earn interest. These accounts provide competitive returns for members seeking enhanced savings growth. The program maintains liquidity while offering attractive dividend rates for qualifying balances.
People
Robert Petroff
President
Serving as Board President, Robert Petroff brings extensive financial leadership experience to guide the credit union's strategic direction and member service initiatives.
Kathy Moody
Vice President
As Vice President, Kathy Moody oversees daily operations and implements policies to maintain the credit union's commitment to exceptional member financial services.
Angela Elsen-Sass
CEO
Angela Elsen-Sass leads the credit union as CEO, directing organizational strategy and ensuring compliance with financial regulations while maintaining member-focused service standards.
Jennifer Ordaz
Customer Service Representative
Jennifer Ordaz provides direct member support, assisting with account management and financial solutions to meet individual customer needs and preferences.
Questions
Who is eligible to join the credit union?
Membership is open to Machinists District Lodge W24 members, St. Ignatius Parish employees, their relatives, and retirees from these organizations.
What loan options are available?
We offer new and used auto loans, signature loans up to $5,000, share secured loans, and specialized financing with GAP protection options.
How can I avoid account fees?
Maintain annual account activity with at least $0.25 deposit or avoid early closure within 180 days to prevent standard account fees.
What savings accounts do you offer?
We provide regular shares, high yield savings with $5,000 minimum, Christmas Club accounts, and standard checking with no minimum balance.
How do I apply for a loan?
Complete an application online or at our Gladstone office, pay the $20-$23 application fee, and receive processing with daily loan disbursements.
What payment methods are accepted?
We accept direct deposits, ACH transfers, mailed checks, and money orders for account funding and loan payments.
