St. Mary's Bank

What St. Mary's Bank does

St. Mary's Bank is a federally chartered, not-for-profit credit union founded in 1908 in Manchester, New Hampshire, operating under NCUA insurance and Equal Housing Lender status. It serves consumer, youth/student, and small-to-medium business members primarily across Southern New Hampshire, with mortgage lending extending to Massachusetts and Maine. The institution operates physical branches in Southern New Hampshire complemented by an online account-opening platform, iOS and Android mobile banking apps, a 30,000+ fee-free CO-OP/SUM ATM network, live chat, phone banking, and a member contact center.

The product platform spans personal checking (Beyond Checking, Beyond Interest, Beyond Rewards, 603 Checking, Student Checking), savings (Rainy Day Savings with up to 7.00% APY on small balances, Beyond Savings, Super Saver for youth, Premier Money Market), CDs and IRAs, and a full lending suite covering mortgages, auto loans, HELOC, home improvement, credit cards, personal loans, credit-builder loans, and student loans through Granite Edvance. Business services include commercial checking and lending, ACH and wire, remote deposit capture, Positive Pay fraud protection, cash management sweep, and payroll. Sub-products include the SavvyMoney Credit Dashboard and the My Money Plan financial planning tool.

Revenue is generated primarily through net interest income on the lending portfolio (mortgages, auto, consumer, commercial, credit cards, home equity) plus transactional fee income from overdrafts ($32 per item), payment privilege, account service fees, and wire/ATM fees. The credit union pursues a community-led, direct-to-consumer go-to-market model with promotional acquisition campaigns (GET500, member referrals up to $250), digital and content marketing, multi-channel social media, and deep community sponsorships including a unique 603 Checking product that donates $0.0603 per debit transaction to New Hampshire nonprofits.

Name

St. Mary's Bank

Legal name

St. Mary's Bank

Website

https://stmarysbank.com

Company type

Private

Founded year

1908

Operating status

Operating

Headcount range

101–250 employees

Short description

St. Mary's Bank is a not-for-profit, member-owned credit union founded in 1908 in Manchester, New Hampshire, serving consumer, youth, and small-business members across Southern New Hampshire with mortgages extending to MA and ME through branches, digital banking, and a 30,000+ ATM network.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (522130)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industry

Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Retail banking services
• Mortgage lending
• Consumer lending
• Commercial banking
• Deposit accounts

Headquarters

HQ city

Manchester

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Interest Income from Lending: Primary revenue stream from interest earned on mortgage loans, auto loans, personal loans, credit cards, home equity lines, and commercial loans
2. Fee Income: Various fees including monthly service fees (waived with eStatements or balance requirements), overdraft fees ($32), ATM fees, wire transfer fees, stop payment fees, and card-related fees
3. Overdraft and Payment Privilege Fees: Fees charged when members overdraw their accounts, with Payment Privilege discretionary service generating $32 per item presented
4. Deposit Account Fees: Monthly service fees ($2 for paper statements), overdraft transfer fees ($2), and various account-related service charges

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels6 records

Core offering

St. Mary's Bank is a not-for-profit, member-owned credit union that provides consumer and business banking products, including checking, savings, money market, CDs, IRAs, mortgages, auto loans, home equity, credit cards, personal/student loans, and commercial cash management services. Distribution combines physical branches in Southern New Hampshire with online/mobile banking, CO-OP/SUM ATM access, and dedicated mortgage and commercial banking teams covering NH, MA, and ME.

Product overview

St. Mary's Bank offers a comprehensive suite of financial products and services through a unified platform architecture. The core banking platform includes personal and business checking accounts (Beyond Checking, Beyond Interest, Beyond Rewards, 603 Checking, Student Checking), savings accounts (Rainy Day Savings, Beyond Savings, Super Saver for youth), CDs & IRAs, and Money Market accounts. Lending products encompass auto loans, mortgages, home equity lines, home improvement loans, credit cards, personal loans, credit builder loans, and student loans. Business services include commercial checking, lending solutions, ACH/wire services, remote deposit capture, Positive Pay fraud protection, and cash management tools. Digital banking is delivered through Online & Mobile Banking as the central access point, complemented by self-service tools like the SavvyMoney Credit Dashboard and financial calculators. The product portfolio also includes wealth planning services and insurance products, all designed to serve members from youth through retirement across personal and business banking needs.

Differentiator

Problem solved

Functional benefit

Products and services

• Online and Mobile Banking Digital banking platform enabling members to manage accounts, transfer funds, pay bills, deposit checks via mobile deposit, and access account information across web and mobile devices. Includes card controls, travel notices, and secure messaging.
• Beyond Checking Basic consumer checking account with no minimum daily balance requirement and no monthly service fee when enrolled in eStatements. Includes early direct deposit, 30,000+ fee-free ATM access, and loan rate discounts with automatic payments.
• Beyond Interest Checking Premier interest-bearing checking account with monthly service fee waived when maintaining $1,000+ daily balances, complimentary eStatements, and complimentary paper statements with qualifying balance.
• Beyond Rewards Checking Premium checking account with relationship benefits; monthly service fee waived with $20,000+ combined daily balances. Includes complimentary paper statements, treasurer's checks, and money orders at qualifying balances.
• 603 Checking Community-focused checking account that automatically donates $0.0603 per debit card transaction to selected New Hampshire nonprofits (up to $5,000 per category annually). No monthly fee with eStatements; no minimum balance.
• Student Checking Checking account for students aged 13-25 with no monthly fee when enrolled in eStatements. Minors require a guardian as joint account owner. Designed to help young members build financial independence.
• Rainy Day Savings High-yield savings account designed for emergency funds. Earns up to 7.00% APY for balances $0.01–$500.99, with tiered rates at higher balances. Requires $25 minimum opening deposit and $25 monthly automatic transfer from checking. One free withdrawal per month; $2 fee each additional.
• Beyond Savings Statement savings account earning 0.05% APY across all balance tiers with a $10 minimum to open.
• Super Saver Savings Youth savings account designed for children aged 12 and under to help establish early savings habits.
• CDs and IRAs Certificate of Deposit (CD) and Individual Retirement Account (IRA) products with terms ranging from 6 to 60 months. Promotional offerings include 9-month CD/IRA at 4.00% APY, 24-month Flex CD at 3.00% APY, and 30-month Flex CD at 3.25% APY, each with $500 minimum opening deposit.
• Premier Money Market Money market account with tiered interest rates ranging from 0.40% to 0.85% APY based on balance tiers, starting at $2,500 minimum.
• Auto Loans Vehicle financing for new and used automobiles (including refinancing) with competitive rates and loan rate discounts for automatic payment enrollment.
• Mortgages Home mortgage lending including purchase loans, refinancing, and construction-to-permanent financing, available throughout New Hampshire, Massachusetts, and Maine.
• Home Equity Line of Credit (HELOC) Revolving credit line secured by home equity allowing flexible borrowing with variable interest rates and the option to lock portions into fixed-rate segments.
• Home Improvement Loan Fixed-rate loan for home improvement projects requiring no home appraisal, with set repayment schedule and predictable monthly payments.
• Credit Cards Visa credit card products including rewards and standard options with competitive rates and exclusive member discounts.
• Personal Loans Unsecured loans for personal expenses including debt consolidation, major purchases, and unexpected financial needs.
• Credit Builder Loan product designed to help members establish or improve their credit history through small, manageable monthly payments.
• Student Loans and Refinancing Education financing through a partnership with Granite Edvance Corporation, offering flexible low-rate student loan and student loan refinancing options to members.
• Insurance Services Insurance products including Guaranteed Asset Protection (GAP) and Credit Disability & Life Insurance to protect members' financial investments.
• Wealth and Financial Planning Financial planning services including the My Money Plan online tool, retirement planning resources, and advisor consultations to help members achieve financial goals.
• Business Checking Commercial checking accounts with digital business banking services including ACH, wire transfers, and cash management features for small and medium businesses.
• Commercial Lending Solutions Business lending products including commercial real estate loans, lines of credit, and equipment financing.
• ACH and Wire Services Electronic payment services for businesses enabling automated clearing house (ACH) transactions and domestic/international wire transfers.
• Remote Deposit Business service allowing users to deposit checks electronically by scanning items through a desktop scanner connected to a computer.
• Positive Pay Fraud protection service for business accounts that matches presented checks and ACH transactions against issued payment files.
• Cash Management Sweep Automated account service that sweeps excess funds between business checking and savings accounts to optimize interest earnings.
• Payroll Services Business payroll processing solutions to manage employee compensation and tax withholdings.
• Overdraft Protection Account coverage options including Overdraft Sweep ($2 per transfer) and Overdraft Line of Credit (subject to credit approval, plus interest) to prevent declined transactions.
• Payment Privilege Discretionary overdraft service allowing accounts to be overdrawn up to disclosed limits for a $32 fee per item presented, with an introductory $100 limit increasing to $500 after 30 days in good standing (consumer max $160/day; business max $320/day).

Quantifiable outcome

• 7.00% APY on Rainy Day Savings for balances $0.01-$500.99
• +3 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Palace TheatrecoreGTM or Marketing PartnerLong-time supporter and advocate of the iconic Palace Theatre, fostering community engagement through the arts. St. Mary's Bank is a Palace Theatre Performing Arts Series Sponsor with members receiving $5 off each ticket to eligible shows using code 'STMARYS5'. Manchester branch waives $4 convenience fee for box office purchases.
• H&R BlockminorGTM or Marketing PartnerMember discount partnership offering up to $25 savings on in-office tax preparation services through Love My Credit Union Rewards program.
• TurboTaxminorGTM or Marketing PartnerMember discount partnership offering up to 20% savings on TurboTax federal products when filing online through Love My Credit Union Rewards program.
• Best Buddies in New HampshirecoreGTM or Marketing PartnerNonprofit beneficiary under the 603 Checking program's 'Children & Families' category. Organization creates inclusive opportunities for individuals with intellectual and developmental disabilities. Donation maximum of $5,000 annually.
• Friends of the Manchester Animal SheltercoreGTM or Marketing PartnerNonprofit beneficiary under the 603 Checking program's 'Animals' category. Organization has cared for over 25,000 homeless, abused, and abandoned animals since 1996. Donation maximum of $5,000 annually.
• Blue Ocean Society for Marine ConservationcoreGTM or Marketing PartnerNonprofit beneficiary under the 603 Checking program's 'Environment' category. Organization founded in 2001 to protect marine life in the Gulf of Maine through research, education, and public action. Donation maximum of $5,000 annually.
• Nashua Soup Kitchen and SheltercoreGTM or Marketing PartnerNonprofit beneficiary under the 603 Checking program's 'Food & Shelter' category. Organization provides food, emergency shelter, and supportive services to individuals and families in Greater Nashua area. Donation maximum of $5,000 annually.
• CO-OP Financial ServicescoreTechnology or IntegrationATM network partnership providing access to 30,000+ fee-free CO-OP ATMs nationwide, including locations at Costco and 7-Eleven. Integral to member fee-free access across the country.
• SUM ATM NetworkcoreTechnology or IntegrationATM network partnership providing access to fee-free SUM ATMs nationwide, complementing CO-OP network for comprehensive surcharge-free ATM access.
• Granite Edvance CorporationminorStrategic or Co-development PartnerPartnership for student loan and student loan refinancing products with flexible low-rate options available to St. Mary's Bank members.
• New Hampshire Charitable FoundationcoreStrategic or Co-development PartnerAdministers The Medallion Scholarship Fund for St. Mary's Bank members pursuing vocational or technical careers. Awards help cover tuition and related educational expenses.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Eastern Bank: Large Boston-based community-oriented bank (mutual holding company structure) serving Massachusetts, New Hampshire, and Rhode Island with consumer and commercial banking. Comparable New England footprint with similar community-banking positioning, but larger scale.
• Navigant Credit Union: Rhode Island-based community credit union with a similar member-owned model and consumer/commercial product set. Comparable as a New England credit union peer, though serving a different state.
• Meredith Village Savings Bank (MVSB): New Hampshire-based community mutual savings bank offering consumer and business banking across central and southern NH. Comparable as a NH-headquartered community financial institution with a similar relationship-driven model.

Broad incumbents

• Citizens Bank: Large regional bank with significant New Hampshire branch presence offering consumer and commercial banking products. Competes for the same SMB and consumer members but operates as a broad incumbent across many geographies.
• TD Bank (NH/Maine Stores): National commercial bank with strong New Hampshire and Maine retail presence offering checking, savings, lending, and digital banking. Competes for the same geographic consumer and small-business segment as St. Mary's.

Direct peers

• Service Credit Union: Large New Hampshire-based credit union serving members across NH and beyond with a similar full suite of consumer and commercial banking products. Directly comparable in geography, product scope, and member-owned cooperative model.
• Triangle Credit Union: New Hampshire-based credit union with branches across the state offering consumer and commercial banking. Comparable regional footprint, product mix, and community-focused operating model.
• Digital Federal Credit Union (DCU): Massachusetts-based digital-first credit union offering consumer banking, lending, and digital account opening across New England. Comparable as a New England credit union with strong digital acquisition motion.
• Bellwether Community Credit Union: New Hampshire-based community credit union offering consumer and business banking products in the same regional market. Comparable in scale, community orientation, and member-owned cooperative structure.
• Members First Credit Union: New Hampshire community credit union serving individuals and businesses with consumer lending, deposits, and digital banking. Closely comparable as a community-anchored credit union competitor in the same geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCyf6f-vBAx1bTqDckyUB5iw
• Facebookfacebook.com/stmarysbank
• LinkedInlinkedin.com/company/st.-mary%27s-bank
• Instagraminstagram.com/stmarysbank
• Xx.com/StMarysBankCU

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about St. Mary's Bank