Student Accounts

 Share (Savings) Accounts

Every member is an owner of the Credit Union. A deposit of one share – $5.00 – is required for membership. Shares held in a savings account are the primary benefit of that ownership. Dividends are declared and paid quarterly by the Board of Directors. Statements are sent to members quarterly along with a copy of our newsletter.

When a member’s Share Account is inactive for two or more years and the balance is less than $100, an account fee of $6.00 is charged each quarter. An account is considered “inactive” when there is no deposit or withdrawal by the member. Payment of dividends is not classified as account activity. After five years of inactivity, the account is declared abandoned under New York State Law and turned over to the Office of the State Controller.

Home Banking & Mobile Banking

Online access to your accounts is available to all members at no charge. Transfer funds, check balances, view cleared checks (if available) and verify transactions all from the comfort and convenience of your own home. It’s fast, it’s safe and it’s FREE! AFCU’s Mobile Banking site will automatically launch when using your smartphone or tablet. Home Banking services are done in real time. Please keep in mind that most transactions will be posted the same business day but others may take longer due to unforeseen circumstances. Free Bill Pay is also available.

Mobile Check Deposit

Deposit checks from your smartphone with our Mobile Check Deposit applications for iPhone, iPad and Android devices! To request access please send a written and signed request to the credit union office or stop by. You must specify if you wish to enroll your share (savings) or share draft (checking) account. Enrollment in our Mobile Check Deposit program is subject to approval based on account usage and member history.

Discounted Tickets

Members are offered a number of discounted tickets including Regal Cinemas, Fantasy Island, Darien Lake and Delta Sonic. Click here for prices.

Ages 16+

Share Draft (Checking) Accounts Ÿ

In addition to your share (savings account), an Amherst FCU checking account is available to every qualified member. Your first 50 checks are free. No monthly service fees apply. Account statements are issued monthly or may be viewed online.

Direct Deposit/Payroll Deduction

Starting your first job or trying to save money? Amherst FCU accepts both Direct Deposit (entire paycheck) and Payroll Deduction (as little as $5.00/pay) from most employers. Setting up a Direct Deposit or Payroll Deduction is a great way to save and allow quick and easy access to your funds or to build your savings. This service may be changed at any time upon your request.

ATM Cards

Use your ATM card for withdrawals from your savings or checking account with the credit union. You may use your card at any Allpoint or M&T Bank ATM machine, where your first 6 transactions a month are surcharge free.

Visa® Check Cards

Visa® check cards work just like a credit card only the funds are taken directly from your checking account. Use your check card for purchases or cash withdrawals from an ATM. Since the card carries the Visa® logo, it is accepted worldwide.

ATM Service

Use your Check Card or ATM card for withdrawals from your savings or checking account with the credit union. Your first 6 transactions a month are surcharge free at any Allpoint or M&T Bank ATM. Please keep in mind that there may be transaction fees and/or surcharge fees that apply. Check out Allpoint’s ATM locator on our website or download the free smart phone application to find ATMs on the go!

High School Seniors

College Scholarships

The Hughes/Demmin scholarship program honors the contributions of past managers Lawrence Hughes and Peter Demmin. In May 2012, with a heavy heart we said goodbye to these two dedicated men who worked diligently to grow our credit union to what it is today. The Hughes/Demmin Memorial Scholarship is annually awarded to two deserving young members in the amounts of $1,000 each. Applications are due to Amherst FCU by April 1, 2018.

Amherst FCU also participates in the New York Credit Union Administration’s scholarship program. Multiple scholarships are awarded in the amounts of $200-$1,000. Applications are due to Amherst FCU by December 30, 2017.

New this year, Amherst FCU is now offering a special scholarship for Amherst High School students enrolled in the Amherst Academies program! One high school senior will be awarded $500 towards educational expenses. Applications are due to Amherst FCU by April 1, 2018.

Applications for each scholarship are released at the beginning of each calendar year and are available at the AFCU office and online. There is no fee for submitting scholarship applications, but applicants must be:

  • members of AFCU
  • college-bound high school seniors at the time of application
  • attending either a two- or four-year accredited educational institution for the first time in the fall of 2018

Click here for the Hughes/Demmin Scholarship Application
Click here for the NYCUA Scholarship Application (Expired)
Click here for the Amherst Academies Scholarship Application

Ages 18+

The Smart Option Student Loan® for Amherst Federal Credit Union by Sallie Mae®

For borrowers attending degree-granting institutions.

Now you can pay for college the smart way with three great repayment options and competitive interest rates!
This loan is an ideal solution to help you pay for college expenses not covered by scholarships and federal loans. To learn more or to apply, please get started here.

The Smart Option Student Loan features and benefits:
• Multiple in-school repayment options plus a choice of competitive fixed and variable interest rates provides even more flexibility
• No origination fees and no prepayment penalty
• Benefits and interest rate reductions available
• Rates that reward creditworthy borrowers
• Applying with a creditworthy cosigner may help you qualify
• 100% US-based Student Loan Specialists

To learn more or to apply, please get started here.

* We are compensated by Sallie Mae for the referral of Smart Option Student Loan

Student Visa® Credit Card

Begin establishing your good credit rating with the Amherst FCU Student Visa credit card. Available for college students ages 18-25, our Student Visa gives you the same great benefits as our Visa Classic credit card with the added advantages of a low fixed rate that keeps monthly payments easy to manage. Click here for online or printable applications.

Rate: 12.90% Fixed APR*
Term: Open-ended line of credit
Minimum Payment: 3% of balance due
Maximum Credit Line: $1,000, subject to credit approval

Student-Run Credit Union Branch

The Amherst FCU staff and board of director are excited to announce our partnership with the Amherst Academies to launch a student-run credit union branch at Amherst High School!

The Amherst Academies are a comprehensive Career and Technical Education program with the goal of preparing students for lifelong success.

Students applied and interviewed for positions at the school branch and those selected will be thoroughly trained in customer service and cash handling. Their role in running the school branch, under the supervision of an Amherst FCU employee, will to be assist students, faculty and staff with basic transactions and new accounts.

Our goal is to provide students valuable professional experience from the convenience and safety of their school and to encourage positive financial habits.

For the safety and security of Amherst High School, access to the student-run branch is limited to Amherst High School students, faculty, staff and administration only.

The school branch will during lunch hours every Friday in which school is in session.


The Amherst High School Credit Union branch has been made possible, in part, by a grant from the New York Credit Union Foundation.