Archive for the 'news' Category

Great Rates, Quality Products and Cash Back = The Best Way to Bank

Rates as low as 1.99%* combined with quality insurance products AND an instant cash back bonus? That’s the American 1 way.  Not only do you have access to American 1’s auto loan expertise, we are here to educate you about how auto loan financing works when you do on the spot financing at the dealership.

Cash back to our members – not the dealerships.

Many banks, finance companies, and even credit unions will pay a dealership for your loan.  Not American 1. We want to give that cash back to our members.  That’s why when you finance a loan with American 1 in the month of April- we will offer you an instant cash bonus*!

Get pre-approved and avoid the high rates!

Be prepared when you go shopping and have an American 1 pre-approval already in place.  This will help protect you against high interest rates that the financial institutions working with the dealerships offer. Why do they hike up the rates?  Simple – the bankers had to pay the dealership for your loan.

Pricey Insurance Products vs. Quality Product Protection

Did you know that GAP protection at a dealership can cost nearly double what it does at American 1? Not only is it more expensive at the dealerships, but American 1 offers an added benefit of a $1,000 credit toward your next vehicle purchase if your vehicle is deemed beyond repair.  American 1 also offers life insurance coverage up to the age of 75 and disability coverage up to the age of 68.  This is several years longer than our competition and American 1 exclusively offers this amazing product enhancement. American 1 is dedicated to protecting our membership at reasonable rates with quality products.

Refinance Opportunity

Already have your financing with another bank or credit union?  No worries!  You can refinance with American 1, lower your monthly payment, take advantage of quality insurance products and collect your cash reward.

Avoid the frustration and get the low rates, quality products and instant cash back that you deserve. When you do the math, American 1 is truly the best way to bank.

*See branch for details

Win an iPAD!

Your chance to enter to win an iPAD!

Become a fan of American 1 today!

American 1 Federal Credit Union wants to welcome any one who becomes a fan of our Facebook page.  Between June 1 – July 31, 2011, every fan that signs up  will be entered into a drawing to win a new iPAD!

It’s simple. All that you have to do is go to our American 1 Facebook Page  and click “like.”

Our Facebook page is an incredible resource to view past and upcoming events at American 1 Federal Credit Union. Check out our new page and sign up for updates on promotions and events. Remember, everyone who “likes us” will be entered, so invite your friends and family to follow us on Facebook today!

American 1 and Premier Financial to Merge





Contact: Kristi Latoszewski

For immediate release VP, Marketing and Communications

April 25, 2011 (517) 787-6510

American 1 Federal Credit Union and Premier Financial Credit Union to Merge

Jackson, MI American 1 Federal Credit Union (American 1) and Premier Financial Credit Union (Premier Financial) have announced plans to merge in 2011; American 1 being the surviving organization. After months of research and negotiation, the Board of Directors for both organizations has approved the merger. The joining of the two credit unions will result in American 1 serving nearly 50,000 Members in the state of Michigan, with assets exceeding $240 million.

“Premier Financial Credit Union has served the financial needs of our membership for 73 years. In this environment, it’s been challenging to maintain the financial position and growth needed to provide the products, services and locations our members want and need. Our partnership with American 1 will allow us to fulfill our mission and provide the added benefits our members deserve,” stated James Safian, Premier Financial’s CEO.

The merger is slated to be legally complete late summer of 2011, when Premier Financial’s nearly 7,000 member’s accounts transition to American 1. Premier Financial currently offers two locations in the Metro Detroit area. Both of these branches will remain open and American 1 has plans to expand the hours of service for the membership.

“American 1 Federal Credit Union was identified as the ideal merger partner because they are committed to providing superior member service. They have a proven history of financial stability and growth and they are committed to giving back to the communities they serve.” Safian said.

“American 1 Federal Credit Union looks forward to serving the members of Premier Financial Credit Union. This merger is a partnership and a new beginning as both of our credit unions move toward uniting our members, services and operations,” said Dave Puckett, American 1’s President and CEO. American 1 Federal Credit Union is a member-owned, not-for-profit financial institution based in Jackson, Michigan. In 2010, American 1 Federal Credit Union had an outstanding return on assets of 1.72%. The notable results placed American 1 in the top 4% of more than 7,000 credit unions in the United States for net income. American 1 Federal Credit Union offers a wide range of consumer banking services with a specialty in auto loan expertise.

Since 1950, American 1 Federal Credit Union serves over 42,000 members in Jackson, Hillsdale, Washtenaw, and Calhoun counties. American 1 is federally insured by the NCUA. More information, including current financial statements, for American 1 can be found at

# # #


Nothing But Sunshine In April


April is the month for a Low APR and a Rebate

April may bring showers, but not at American 1. Here, new and existing members are seeing nothing but sunshine as they come in for a new secured, closed-end loan through the end of April. This is because American 1 is raising the umbrella over members with a 1.99% APR* for qualifying applicants. Members will also receive 50% of the interest they pay through the end of the year back as a warming gift come January.

So if you’re looking for a new vehicle or are patiently waiting for warm weather to arrive so you can get an ATV or Jet Ski, then we’ve got you covered. Just come in and talk with one of our Member Service Specialists to apply for a new secured, closed-end loan.

Not to be outdone, we also want to help our members who have high interest rates and fees on their credit cards. If you transfer at least $500 to our local and affordable American 1 Visa, you will be entered to win $1,000. You will get one entry for every $500 that you transfer no matter how large your transfer is! Want to transfer $2,000? That’s okay! You will then have 4 entries into our drawing.

Now members can enjoy great rates and competitive rebates while supporting their community. What better time is there to become a member?

1.99% Annual Percentage Rate (APR) listed is based on credit score and term, and subject to approval. See any branch for details.

Website maintenance for January 22

Just a heads-up: our website will be down for maintenance on Saturday, Jan. 22 from 11 p.m. until midnight. Because of some power settings, there’s a chance our site could be down until 6 a.m. that Sunday morning.

According to the robots who fix these things, it’s all because of some infrastructure growth in Virginia that will affect our data servers. Yay, progress!

Sorry for an inconvenience!

Incorrect address fee (and why)

As of July 1, 2010, we started charging a $5.00 monthly fee to any account that has an American 1 Federal Credit Union mailing returned to the credit union because of an incorrect address.

An account is flagged when a mailing is returned and members have 30 days to update the address before the fee will be imposed. Once the member submits a proper change of address, the account will no longer be charged the incorrect address fee. If the monthly incorrect address fee charged takes the account to a zero balance, the account will be closed.

We receive way too much mail that gets returned to the credit union because of incorrect information. Because of out-of-date addresses, too much postage and paper are wasted.

On your next branch visit, make sure we have your up-to-date address, phone number, and e-mail address on file. Or contact us and make sure your information is up to date. As always, the best option is signing up for e-statements – that way, your monthly statements and notices are e-mailed to you, helping us to reduce waste.

Coming soon: New American 1 website

Check that out – a new!

Five years in the making (or, well, since our last update), the new website features an easy navigation scheme, less clutter, and social media links leading you to places like American 1’s blog, Flickr photo gallery, and YouTube page.

But most of the pages and organization will stay the same – it’ll just make more sense. So “Banking” has all the things to do with cash (savings, checking, etc.), “Loans” has what we’re really good at, and “eServices” has all the convenient ways to manage your money.

Check it out, and let us know what you think!

Beware new text scam

The Jackson Citizen Patriot reported on a text messaging scam affecting some of our members and non-members:

People are receiving text messages asking them for banking information, a news release from the sheriff’s office stated.

The messages are sent to mobile phones saying PIN numbers or debit card information have been lost from bank records. The message asks people for banking or debit card information, according to the release.

The text messages started appearing Sunday night, says the report.

Beware of text messaging scams like these, and know that American 1 would never ask you for your account information via text, or for your PIN. That’s personal account information that, chances are, we already have.

In fact, American 1 doesn’t engage in any text messaging program right now. If we ever did (for account updates, say, but not phishing for information), we’d be sure to let you know.

If you did respond to this text message, please let us and the Jackson County Sheriff’s office know.

UPDATE: We had an employee receive the text. Here’s what it read:

American 1 FCU Alert: Your CARD has been DEACTIVATED. Please contact us at 877-733-7240 to RECATIVATE your CARD

She also said it appeared to have come from her own phone, which makes this thing extra tricky.

Read our list of things to keep in mind when it comes to these kinds of fraud schemes.

System upgrade Tuesday night

Our computer system is getting an upgrade Tuesday, Aug. 17 starting at 8 p.m. While we’re upgrading, home banking will be down until Wednesday morning. All your Bill Pay transactions will take place as scheduled, however, as long as you scheduled payments before the down time.

All branches and systems should be up and running by 9 a.m. Wednesday, much like last week.

Thanks for your patience while we upgrade the system.

American 1 network offline for Tues/Wed

UPDATE: The system is back online and working as normal. Thanks for your patience!

American 1’s computer system will be down for repairs starting at 7 p.m. Tuesday night and lasting until about noon on Wednesday.

This means you won’t be able to use online banking or A1 Access during the down time.

Your debit and Visa cards will be unaffected, however, as will any ATM transactions – so you can use those as normal. Also, Bill Pay payments scheduled before the down time will be paid.

Once the system is done with maintenance, everything will come back online. We’ll keep you updated at this blog post, so check back for updates.

Sorry for the inconvenience!

American 1 Federal Credit Union