CHICAGO—The American Dental Association has launched ADA Credit Union in collaboration with the $6.1 billion BCU.
ADACU offers financial services, including checking and savings accounts, certificates of deposit, auto loans and personalized financial coaching—“all designed with the unique needs of the dental community in mind,” according to the ADA.
“This initiative marks a major step forward in supporting the financial well-being of ADA member dentists, their teams, dental students, ADA staff, and their extended families,” ADA President Brett Kessler, D.D.S., said in a statement. “Just as the ADA is member-driven, so too is ADA CU—a credit union built by and for our community.”
Personal Line of Credit Launched
The organization said that to further support dental students and early-career professionals, ADA CU is launching the DentaFlex Personal Line of Credit.
“This flexible bridge loan is tailored for third- and fourth-year dental students and those in residency programs, offering interest-only payments to ease the burden of expenses like board exams, application fees, unexpected emergencies and rising living costs,” the ADA said.
‘Extraordinary Banking Experiences’
Added BCU President and CEO Mike Valentine in a statement, “We’re honored to partner with the ADA. Our not-for-profit model and long history of creating extraordinary banking experiences for large organizations make us uniquely suited to deliver lasting value to the dental community.”
ADA CU officially launched this week at SmileCon in Washington.
