Community Federal Savings

What Community Federal Savings does

Community Federal Savings Bank (CFSB) is a federally chartered, FDIC-insured bank founded in 2001 and headquartered in New York that operates an API-first Banking-as-a-Service (BaaS) and sponsor-bank platform for fintech companies worldwide. The bank's core offerings span four product lines: Direct Banking (consumer and business checking, savings, ACH/wire transfers, online and mobile banking, Zelle, and bill payment); Commercial Lending (real estate loans, SBA/USDA loans, commercial mortgages, equipment financing, and lines of credit); Payments (multi-rail APIs including ACH, Fedwire, SWIFT, Visa Direct, Mastercard Send, The Clearing House instant payments, FBO accounts, merchant acquiring, and issuing sponsorship); and Compliance Services (BSA/AML program management, independent testing, and vendor management). The technical backbone is the ATLAS API suite (Entities API, Accounts API), complemented by ACH API and Instant Payments API endpoints, plus the CFSB Lending Platform for end-to-end loan origination. Under the hood, CFSB aggregates multiple payment rails through a single API layer, enabling fintechs to integrate domestic and cross-border payment, card, and lending capabilities into their own products.

CFSB earns revenue across four streams: interest income on its commercial and real estate loan book; payment processing and interchange fees on fintech-partner volume; managed-services revenue from serving as sponsor bank (providing regulatory compliance, FDIC insurance, and banking infrastructure) for partners including Wise, Crypto.com, and Experian; and commercial banking transaction fees. The go-to-market is enterprise B2B field sales via direct relationships and senior-advisor-led engagements, supplemented by an API documentation portal and LinkedIn presence. CFSB's primary customer segment is fintech companies (sponsor-bank, issuing sponsorship, merchant acquiring, FBO services, AML compliance support), with consumer banking and small-business/commercial lending as secondary segments. The company also packages compliance services as a billable offering for fintech partners. Notable named partners include Wise, Crypto.com, Experian, Greenlight, Payoneer, Highnote, GoCardless, Airwallex, Currencycloud, and Alviere, spanning cross-border payments, card issuing, consumer finance, and family-banking verticals.

In April 2026, the OCC issued a consent order against CFSB requiring it to rebuild its anti-money-laundering program, citing systemic failures in customer due diligence, suspicious-activity monitoring, independent testing, and BSA staffing that did not keep pace with the bank's rapid growth in payment processing since 2020. Remediation includes engaging outside consultants and conducting a SAR look-back review. The bank continues to operate as an active institution, and the enforcement action coincides with continued commercial expansion, including the February 2026 launch of the Experian Smart Money Digital Savings Account (up to 4% APY for premium members), which marks CFSB's first major consumer-facing transactional banking product through a credit-bureau partnership.

Name

Community Federal Savings

Legal name

Community Federal Savings Bank

Website

https://cfsb.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Community Federal Savings Bank (CFSB) is a federally chartered, FDIC-insured bank founded in 2001 that operates an API-first Banking-as-a-Service and sponsor-bank platform serving global fintechs — including Wise, Crypto.com, and Experian — with multi-rail payments, lending, and compliance infrastructure.

Ownership category

akta.pro rank

Product category

Banking-as-a-Service / Sponsor Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Depository Credit Intermediation (5221), Commercial Banking (52211)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Banking-as-a-service
• Sponsor banking services
• Payment processing APIs
• Commercial lending
• Consumer banking

Headquarters

HQ city

Woodhaven

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional banking revenue from interest earned on loans including real estate loans, commercial mortgages, SBA loans, equipment financing, and commercial lines of credit.
2. Payment Processing Fees: Fees generated from payment services including ACH transfers, wire transfers, FBO services, and card network transactions for fintech partners.
3. Sponsor Bank Services: Revenue from serving as sponsor bank for fintech companies, providing regulatory compliance, FDIC insurance, and banking infrastructure for partners like Wise and Crypto.com.
4. Commercial Banking Services: Fees from commercial lending, small business loans, and commercial real estate financing services.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels2 records

Core offering

Community Federal Savings Bank is a federally chartered, FDIC-insured bank that operates as a sponsor bank for fintechs, providing API-based banking infrastructure for payments, lending, and compliance (BSA/AML). It also offers direct consumer and small-business banking (checking, savings, ACH/wires, Zelle, bill pay, online and mobile banking) and commercial lending products (real estate, SBA/USDA/FSA, commercial mortgages, equipment financing, lines of credit, letters of credit).

Product overview

CFSB operates as an API-first banking platform offering a modular portfolio of banking-as-a-service products. The core offerings include Direct Banking (consumer and business checking, savings, ACH/wire transfers, online/mobile banking, Zelle, and bill payment), Commercial Lending (real estate loans, SBA/USDA loans, commercial mortgages, equipment financing, and letters of credit), and Payments (ACH, wires, Visa Direct, Mastercard Send, FBO accounts, merchant acquiring, and issuing sponsorship). The CFSB Lending Platform provides end-to-end loan origination APIs for marketplace lenders. All payment and lending products are powered by the ATLAS API suite (Entities API, Accounts API), ACH API, and Instant Payments API. CFSB also provides Compliance Services including AML programs and regulatory frameworks for fintech partners. The platform notably partners with Experian for the Smart Money Digital Savings Account and serves as sponsor bank for Wise and Crypto.com.

Differentiator

Problem solved

Functional benefit

Products and services

• CFSB Lending Platform End-to-end lending platform that supports loan origination, underwriting, funding, and compliance through APIs, enabling marketplace lenders to originate loans and route funding via CFSB's payment gateway and multiple rails.
• Direct Banking Full-service consumer and business banking including checking and savings accounts, ACH and wire transfers, online and mobile banking, bill payment, Zelle, small business loans, and commercial lending.
• Commercial Lending Flexible financing for real estate and business owners including real estate loans, SBA, USDA and FSA loans, commercial lines of credit, commercial mortgages, equipment financing, and letters of credit across multifamily, construction, bridge, mixed-use, industrial, retail, and underlying co-op collateral types.
• Payments Comprehensive payment APIs and services including ACH and settlement services, wire transfers (Fedwire/SWIFT), FBO accounts, Visa Direct, Mastercard Send, check deposit capture, book transfers, issuing sponsorship, and merchant acquiring across domestic and cross-border rails.
• Compliance Services Risk management and regulatory compliance framework for fintech partners including due diligence, anti-money laundering (AML) program, consumer protection, vendor management, independent testing, and a comprehensive compliance management system.
• ATLAS API API suite including Entities API and Accounts API for managing entity and account data within the CFSB banking platform.
• ACH API API for sending and receiving payments on the ACH payment network, supporting both domestic and international transfers via standard or same-day ACH.
• Instant Payments API API for sending and receiving real-time payments on the Instant Payments network via The Clearing House.
• Experian Smart Money Digital Savings Account High-yield digital savings account launched with Experian, offering up to 4% APY for premium Experian members and 2-3% for other tiers, no minimum deposit, automated savings with Round Up, and daily compounding interest; CFSB provides the banking services and holds the deposits.

Named customers10 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and strategic.

• WisecoreTechnology or IntegrationCFSB serves as sponsor bank for Wise's U.S. dollar accounts, providing banking infrastructure, regulatory compliance, and FDIC-insured deposits for Wise's international money transfer services.
• Crypto.comcoreTechnology or IntegrationCFSB serves as sponsor bank for Crypto.com's prepaid card program, enabling Crypto.com to offer card products backed by FDIC-insured deposits and compliant payment processing.
• ExperiancoreTechnology or IntegrationCFSB provides banking services for Experian's Smart Money Digital Savings Account. Experian acts as programme manager while CFSB holds deposits and provides banking infrastructure. This partnership marks Experian's expansion into transactional banking products.
• VisacoreTechnology or IntegrationCFSB offers Visa Direct network capabilities for real-time money transfers and operates as a Visa-issuing bank partner for card programs.
• MastercardcoreTechnology or IntegrationCFSB offers Mastercard Send for instant payment delivery through Mastercard's real-time network.
• i2cstrategicTechnology or IntegrationPayment processing partner providing technology infrastructure for card issuing and payment processing services.
• CoreCardstrategicTechnology or IntegrationProcessing partner for card issuing and processing services supporting CFSB's card programs.
• The Clearing HousecoreTechnology or IntegrationCFSB provides instant payments through The Clearing House's real-time payment network via their Instant Payments API.
• Federal ReservecoreTechnology or IntegrationCFSB utilizes ACH payment network through the Federal Reserve for domestic and international fund transfers.
• SWIFTcoreTechnology or IntegrationCFSB offers international wire transfers via SWIFT network for cross-border payments.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cfsb---community-federal-savings-bank/mycompany

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 Community Federal Savings