In the small town of Massena, New York, the local savings and loan has been a pillar of the community for generations. Founded in 1891, Massena Savings and Loan is now one of the largest financial institutions in the area, offering banking services to both individuals and businesses. In this blog post, we will explore how Massena has grown from its humble beginnings to its current status as an important member of the local economy. We will look at the history of the business and how it has adapted to new technologies over time to meet customer needs. Finally, we will discuss how you can benefit from their services today.
What is the Massena Savings and Loan?
The Massena is a credit union that serves the residents of Massena, New York. The credit union offers a variety of financial services, including savings accounts, checking accounts, loans, and credit cards. The Massena Savings and Loan is a member of the National Credit Union Association and is insured by the Federal Deposit Insurance Corporation.
How the Massena Savings and Loan works
The Massena Savings and Loan works like a traditional bank. Customers can open savings and checking accounts, get loans, and use other banking services. The main difference is that the Massena Savings and Loan is a cooperative, meaning that it is owned by its customers. This means that customers have a say in how the bank is run and they share in the profits. The Massena has been serving the North Country for over 100 years, making it one of the oldest banks in the region.
The benefits of the Massena Savings and Loan
The Massena Savings and Loan has been a staple in the North Country for over 150 years. It is a full-service, mutual savings bank that is owned by its depositors. The Massena offers a wide range of services, including personal banking, business banking, loans, and mortgages. The Massena is committed to providing quality service and products to its customers. The Massena Savings and Loan has branches in Massena, Potsdam, Canton, Ogdensburg, Gouverneur, Plattsburgh, and Malone. The Massena has been rated five stars by BauerFinancial for soundness and stability.
How to get started with the Massena Savings and Loan
There are a few things you need to do in order to get started with the Massena Savings and Loan. The first thing you need to do is become a member of the Massena community. You can do this by either living in Massena or by working in Massena. Once you have become a member, you will need to open an account with the Massena Savings and Loan.
The next step is to start saving! You can do this by setting up a direct deposit from your paycheck into your savings account, or by making regular deposits into your account. The more you save, the more interest you will earn on your account balance.
Finally, once you have saved up enough money, you can start investing in the Massena Savings and Loan. This can be done through our online investment platform or by speaking with one of our investment representatives. We offer a variety of investment options for our members, so we are sure that we can find something that fits your needs. Contact us today to get started!