Massena Savings and Loan serves as a reliable community bank right in the heart of northern New York. Founded in 1924, this local institution focuses on helping people in Massena and nearby towns with everyday banking needs. It offers simple savings accounts, checking options, mortgages, and consumer loans. With two branches—one in Massena and one in Waddington—it keeps a personal touch that big banks often lack. Deposits stay safe thanks to FDIC insurance (certificate #30429). Many locals choose Massena Savings and Loan for friendly service, competitive options, and strong ties to the community.
This bank has stayed true to its roots for over 100 years. It helps families save money, buy homes, and handle daily finances. Whether you live in St. Lawrence County or nearby, you get real people who know your name. Online tools add convenience without losing that local feel. In this guide, we cover its history, services, and tips to help you decide if it’s right for you.
The History and Background of Massena Savings and Loan
Massena Savings and Loan began on May 21, 1924, when the State of New York approved its organization. At first, it operated from a small office at 14 Water Street, sharing space with the Ball Coal Company. Edward B. Crosby served as the first president for 12 years. During tough times like the Great Depression, the bank survived without foreclosures, paid dividends, and slowly grew assets to $178,299 by 1936.
Growth picked up over the decades. By the 1960s and 1970s, under president William Chittenden, assets rose from $7.7 million to $19.2 million. The bank moved to larger spots, including 55 Main Street. In 1999, Kirk Wilmshurst became president and kept the focus on thrift and home ownership.
Today, the headquarters sits at 255 Main Street, Massena, NY 13662. A second branch serves Waddington at 155 Lincoln Ave. The bank employs about 22 people and holds around $188 million in assets as of recent reports. It belongs to groups like the Federal Home Loan Bank of New York and America’s Community Bankers. This long history shows stability and commitment to the area.
For more details on the company’s profile, visit the Bloomberg company overview.
Personal Banking Services at Massena Savings and Loan
The bank makes everyday banking easy and local. Start with deposit accounts. These include regular savings, N.O.W. accounts (interest-bearing checking), money market accounts, and certificate accounts (CDs). All offer variable or fixed rates to help your money grow.
Rates change based on market conditions. Check current massena savings and loan rates in the lobby, by calling (315) 764-0541, or on the website under the “Rates” section. For example, certificate accounts lock in fixed rates for set terms.
Checking accounts come with debit cards. The bank shares useful tips, like keeping your card safe and monitoring transactions. Online and mobile banking lets you view balances, pay bills, and set alerts from your phone or computer.
Here’s how to open an account:
- Visit a branch or go online to start.
- Bring ID like a driver’s license and Social Security number.
- Choose your account type—savings, checking, or both.
- Make an opening deposit with cash or transfer.
- Set up online access for easy management.
These steps take little time and give you full access to local service.
Loan and Mortgage Options
Borrowing feels straightforward here. Massena Savings and Loan specializes in home loans. It offers conventional mortgages for buying or refinancing a house. Home equity loans help with big projects like repairs.
Consumer loans cover other needs. Get funds for a new or used car, home improvements, or personal expenses. These options suit local families planning life steps.
Loan rates appear on the website or by calling the bank. Staff reviews each application carefully to find the best fit. As an Equal Housing Lender, it follows fair rules for all borrowers.
Steps to apply for a loan:
- Check your credit score first.
- Gather documents—proof of income, assets, and property info if needed.
- Talk to a loan officer for advice.
- Submit your application in person or online.
- Wait for approval and close the deal.
This personal process helps you understand every part.
Branches and Community Presence
Find Massena Savings and Loan branches in two spots. The main office is at 255 Main Street in Massena. The Waddington branch is at 155 Lincoln Avenue. Both offer full service with in-person help.
Hours run standard business days, usually 9:00 AM to 5:00 PM Monday through Friday. Drive-up windows and ATMs add ease. The bank sponsors local events like Rockin’ the River, showing its support for the area.
For digital users, online banking works nationwide. Use the secure portal to manage accounts anytime.
The massena savings and loan routing number is 221371628. Use it for direct deposits, bill pays, or transfers.
Online Banking and Security
Digital tools keep things simple. Log in to view accounts, transfer money, pay bills, and get text alerts. Mobile access works on phones for quick checks.
Security comes first. FDIC insurance protects deposits up to the legal limit. The bank uses safe login steps and monitors for fraud1.
Tips for safe banking:
- Create a strong password with letters, numbers, and symbols.
- Turn on alerts for transactions.
- Avoid public Wi-Fi for banking.
- Check statements regularly.
- Update your info if you move.
These habits protect your money.
Why Choose Massena Savings and Loan for Your Finances
This bank stands out with personal service. Loan officers and staff know customers by name. It offers competitive massena savings and loan rates on deposits and loans. Community focus means support for local events and causes.
Compared to bigger banks like north country savings bank massena or others in the area (north county savings bank), it gives a smaller, friendlier feel. People who want local ties often pick it over national chains.
For those needing personal loans, note options like seacomm personal loan from nearby providers, but Massena Savings and Loan keeps things in-house for many.
The bank also serves basic needs for small local businesses, like checking and savings.
FAQs About Massena Savings and Loan
What is Massena Savings and Loan?
It is a community-owned savings and loan association located in Massena, New York. Founded in 1924, it provides personal banking services including savings accounts, checking accounts2, certificates of deposit (CDs), mortgages, and consumer loans to residents of Massena, Waddington, and the surrounding St. Lawrence County area.
Where are the massena savings and loan branches located?
There are two branches:
- Main office: 255 Main Street, Massena, NY 13662
- Waddington branch: 155 Lincoln Avenue, Waddington, NY 13694
What are the current massena savings and loan rates?
Interest rates on savings, money market accounts, and certificates of deposit (CDs) change with market conditions. The bank posts the most up-to-date massena savings and loan rates in the lobby, on their website under the “Rates” section, or you can call (315) 764-0541 to get the latest information.
Who are the massena savings and loan officers?
The bank has a team of experienced, friendly staff members who serve as loan officers, customer service representatives, and branch managers. They are local people who know the community well. Stop by either branch to meet them and discuss your banking or loan needs in person.
What is the massena savings and loan routing number?
The routing number is 221371628. You will need this number for direct deposits, automatic bill payments, wire transfers, and other electronic transactions.
In Conclusion
Massena Savings and Loan remains a solid choice for people in Massena, Waddington, and St. Lawrence County. With roots dating back to 1924, it delivers trusted savings accounts, mortgages, consumer loans, and modern online tools. Its small size means real personal service, safe deposits through FDIC, and strong community support. Whether saving for the future, buying a home, or handling daily needs, this local bank helps make things simple and secure.
Ready to bank closer to home? Visit theofficial Massena Savings and Loan website to learn more or stop by a branch. What financial goal are you working toward next3?
References
- Bloomberg Company Profile – Confirms banking operations, deposits, loans, and online services for general audience understanding. ↩︎
- Crunchbase Profile ↩︎
- Official Website – Main source for services, rates, online banking, branches, and community news. Targets local residents, savers, borrowers, and digital users. ↩︎