Information Desk

- President's Message

Carol A. Allen
Carol A. Allen,
President/CEO

Dear Members,

People’s Alliance Federal Credit Union is proud to continue the tradition of servicing Members since 1940. Although we have experienced a lot of changes in our daily lives recently, our mission of helping Members meet their current and future financial needs has not changed. Therefore, in my message today I would like to offer you some positive news moving forward.

Once again, I am happy to announce that PAFCU recently awarded scholarships to five graduating high school seniors. Five scholarships, each in the amount of $1,500 were awarded to help students tackle the cost of college tuition. You can find the winners’ names listed on our website and in this newsletter. In addition, PAFCU is now offering college bound high school seniors the opportunity to compete for statewide college scholarships through the New York State Credit Union Association’s Program. Members can apply by visiting our website at pafcu.org.

With recent financial changes stemming from the economy, it’s understandable that you may be having a difficult time saving money. PAFCU is happy to offer help with our Lucky Savers account – with serious benefits! It’s a special share certificate that helps you build your savings while giving you chances to win cash prizes. Members can open this building share certificate with a minimum of $25 and will be entered to win cash prizes with every $25 deposited during the month (up to 10 chances per month). Of course, the real prize is the savings you will build with regular deposits!

As the weather begins to change, we are reminded the holiday season will soon be upon us and we know many of you may already be searching for the perfect gifts for your family and friends. Starting November 1st PAFCU will be offering our annual Holiday Loan. Qualified members may take out a maximum of $5,000 for up to two years and pay no interest for 30 days AND receive rates as low as 6.99%*!

For more information regarding a Lucky Savers Account or to apply for a Holiday Loan, visit one of our branches for more details or speak with a Member Service Representative at 631-434-3500, option 1.

As we come to the end of another year, I am grateful for the opportunity to serve you and to work alongside our family of dedicated employees. Thank you again for your membership as we exist solely for our members, founded on the principle of putting 'people' first!


Contact us with any questions and remember to turn to PAFCU for all your banking needs.