Question 1

What is Assemblies of God Credit Union (AGCU)?

Accepted Answer

Assemblies of God Credit Union (AGCU) is a faith-based, full-service credit union headquartered in Springfield, Missouri. With approximately $432 million in total assets and over 18,000 members, AGCU is one of the 10 largest faith-based credit unions in the United States.

The credit union serves individuals, families, ministries, and businesses affiliated with the Assemblies of God fellowship nationwide, including missionaries in 190 countries. AGCU operates as a not-for-profit financial cooperative focused on connecting faith, family, and finances through its "Banking with a Purpose" philosophy.

Question 2

When was Assemblies of God Credit Union (AGCU) founded?

Accepted Answer

Assemblies of God Credit Union was founded on June 1, 1951. The credit union was established to serve the financial needs of the Assemblies of God community, which is one of the largest Pentecostal denominations in the United States.

Over the past seven decades, AGCU has evolved from a small denominational credit union into a nationwide financial institution serving members across all 50 states and missionaries in 190 countries around the world.

Question 3

Where is Assemblies of God Credit Union (AGCU) headquartered?

Accepted Answer

AGCU is headquartered at 1535 N Campbell Avenue in Springfield, Missouri. Springfield serves as the international headquarters for the Assemblies of God USA denomination, making it a natural location for the credit union's home office.

Question 4

Where does Assemblies of God Credit Union (AGCU) operate?

Accepted Answer

AGCU operates nationwide, serving members in all 50 states and missionaries in 190 countries worldwide. While headquartered in Springfield, Missouri, the credit union provides services remotely through digital channels and partnerships.

Members have access to nearly 30,000 surcharge-free ATMs through the CO-OP ATM Network across the United States and Canada. Additionally, AGCU participates in the CO-OP Shared Branch network, providing members with access to over 5,000 shared branch locations nationwide where they can conduct transactions as if visiting an AGCU branch.

Question 5

What services does Assemblies of God Credit Union (AGCU) offer?

Accepted Answer

AGCU provides comprehensive financial services for individuals, families, ministries, and businesses:

Deposit Accounts: Free checking accounts with no monthly service charges or minimum balance requirements, savings accounts, money market accounts, certificates of deposit (CDs), health savings accounts (HSAs), and individual retirement accounts (IRAs).

Lending Services: First and second mortgages (fixed and adjustable-rate), home equity lines of credit (HELOCs), auto loans, personal loans, credit cards, and specialized ministry loans including church real estate loans, construction loans, and ministry term loans for equipment and vehicles.

Digital Banking: Mobile banking apps for iOS and Android with mobile deposit capability, online banking with bill pay, video banking, and ACH services. The platform provides 24/7 account access with advanced security features.

Insurance Services: Over 20 competitive insurance policies for individuals, ministries, and businesses, including property, auto, and life insurance with various discounts and free coverage checkups.

Ministry-Specific Services: AGCU developed Generush, an online giving platform that empowers donors to contribute via mobile, web, text, or kiosk using debit/credit cards or e-check, helping churches and ministries manage donations effectively.

Question 6

What makes Assemblies of God Credit Union (AGCU) unique?

Accepted Answer

AGCU distinguishes itself through its faith-based mission and commitment to Christian stewardship. The credit union operates on a "Banking with a Purpose" philosophy that integrates faith with financial services.

Tithing Commitment: AGCU donates 10% of its annual earnings to support church planting, ministries, humanitarian projects, educational scholarships, and programs both locally and worldwide. This reflects the credit union's commitment to giving back to the community that supports it.

Specialized Ministry Focus: Beyond serving individual members, AGCU has extensive experience and specialized products for churches, ministries, and nonprofit organizations. The credit union offers construction loans for church expansions, ministry term loans for equipment and operational needs, and customized financial solutions for religious organizations.

Global Missionary Support: AGCU serves missionaries in 190 countries worldwide, providing them with accessible financial services regardless of their location. This international reach is unusual for a U.S.-based credit union of this size.

Faith-Based Values: All services are delivered through a Christian lens, emphasizing stewardship, integrity, and trust. The credit union aims to help members align their financial goals with their faith values.

Question 7

What type of financial institution is Assemblies of God Credit Union (AGCU)?

Accepted Answer

Assemblies of God Credit Union is a federal credit union chartered under the National Credit Union Administration (NCUA). As a federally chartered institution, AGCU operates under federal regulations and provides NCUA insurance coverage up to $250,000 per depositor.

Membership Requirements: Membership is available to individuals and organizations affiliated with the Assemblies of God fellowship, including:
• Credentialed ministers, employees, officers, and members of Assemblies of God churches
• Attendees and employees of AG church denominational ministries
• Employees and students of AG-affiliated schools
• Businesses and ministries related to the AG fellowship
• Member organizations such as Convoy of Hope
• Immediate family members of existing members

As a credit union, AGCU operates as a not-for-profit financial cooperative where each member holds an ownership share. Members have voting rights in the credit union's governance and benefit from the cooperative structure through typically higher deposit rates and lower loan rates compared to traditional banks.

Assemblies of God Credit Union (AGCU)

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About Assemblies of God Credit Union (AGCU) in the United States