One Credit Union
One Credit Union is a member-owned, state-chartered credit union serving 18,000+ members across Vermont, New Hampshire, and select counties in Massachusetts, Maine, and New York through 7 branches and digital channels, offering consumer and business lending, deposits, and specialized cannabis and IOLTA banking.
- Company typePrivate
- Founded2010
- HeadquartersSpringfield, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What One Credit Union does
One Credit Union is a state-chartered, member-owned credit union headquartered in Springfield, Vermont, formed in 2010 through the merger of three predecessor institutions dating to 1943, 1952, and 1956. The credit union operates 7 full-service branches across Vermont and New Hampshire and serves more than 18,000 members whose membership eligibility extends to residents of select counties in Massachusetts, Maine, and New York. As a not-for-profit cooperative, One Credit Union returns profits to members through competitive loan pricing (vehicle loans as low as 5.25% APR, home equity 6.125% APR, personal loans 9.99% APR) and member fee structures ($28 overdraft, $2 linked-savings transfer, free basic checking).
The institution runs a standard credit-union banking technology stack with iOS and Android mobile apps, online banking, mobile deposit, mobile wallets (Apple Pay, Samsung Pay, Google Pay), real-time card controls via SecurLock Equip and MyOCUcard, and downloadable transaction histories to QuickBooks and Quicken. Distribution is augmented by access to 30,000+ surcharge-free ATMs through the CO-OP Network. The product platform spans consumer lending (mortgages, vehicle, home equity, personal, and Platinum Visa credit cards with 1.5% cash back), deposit products (Basic/Rewards/Rewards Plus checking, high-yield savings, CDs, IRAs, HSAs, youth accounts), and business banking (free business checking, commercial term loans, commercial real estate, lines of credit, and a Visa Business Platinum card).
Specialized product lines target regulated and professional verticals, including cannabis banking solutions (with Green Check Verified compliance and Empyreal Logistics cash courier) and IOLTA accounts for attorneys donating interest to the Vermont and New Hampshire Bar Foundations. Affinity partnerships with Ameriprise Financial / GuideWorth Advisors (wealth management) and Travelers Insurance (auto, home, condo, renters) generate referral fee revenue. Marketing emphasizes community involvement (Make-A-Wish donations of $32,000 in 2024, $14,000 in scholarship funding) and financial education through the Enrich platform. Revenue is generated primarily through net interest spread on loans versus deposits, overdraft and account fees, interchange, and partnership referral fees.
One Credit Union firmographics
Firmographics- Name
- One Credit Union
- Legal name
- One Credit Union
- Website
- https://onecu.org
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- One Credit Union is a member-owned, state-chartered credit union serving 18,000+ members across Vermont, New Hampshire, and select counties in Massachusetts, Maine, and New York through 7 branches and digital channels, offering consumer and business lending, deposits, and specialized cannabis and IOLTA banking.
- Ownership category
- akta.pro rank
One Credit Union industry classification
Industry- Product category
- Retail Banking
- NAICS
- Credit Unions (52213)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)
- akta.pro secondary industry
- Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)
Keywords
Where One Credit Union is headquartered
LocationHeadquarters
- HQ city
- Springfield
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
One Credit Union business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Interest Income from Loans: One Credit Union generates primary revenue through interest earned on various loan products including vehicle loans, mortgage loans, home equity loans, personal loans, credit cards, and commercial loans. Rates vary by product type and are returned to members in the form of competitive pricing.
- Deposit Account Fees: Fee-based income from various account services including overdraft fees ($28 per overdraft), linked savings transfer fees ($2 per transfer), paper statement fees ($4/month waived for members 55+), and other account-related charges.
- Deposit Interest Spread: The credit union pays dividends on deposit accounts (checking, savings, CDs, IRAs) and earns higher interest on loans, generating a spread. They emphasize returning earnings to members through higher savings rates and lower loan rates.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Basic Checking - Free checking with essential features |
| Subscription | Monthly | Rewards Checking - Enhanced benefits with standard dividends |
| Subscription | Monthly | Rewards Plus Checking - Premium benefits with enhanced dividends |
| Usage-based | Monthly | Vehicle Loans |
| Usage-based | Monthly | Home Equity Loans |
| Usage-based | Monthly | Credit Cards |
| Usage-based | Monthly | Personal Loans |
| Subscription | Monthly | Youth Savings Accounts |
| One time/ perpetual license | Pay-as-you-go | 7-Month CD Special |
| Usage-based | Monthly | Business Credit Card |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
One Credit Union product offering
Product offeringCore offering
One Credit Union is a member-owned financial cooperative that provides consumer and business banking products and services to over 18,000 members across Vermont, New Hampshire, and select counties in Massachusetts, Maine, and New York. Its core offerings include deposit accounts (checking, savings, CDs, IRAs, HSAs, youth accounts), consumer and commercial lending (mortgages, vehicle, home equity, personal, credit cards, commercial term loans, commercial real estate, lines of credit), and digital banking via mobile and online channels. It also offers specialized services such as cannabis banking, IOLTA accounts for attorneys, investment services through Ameriprise, and insurance through Travelers.
Product overview
One Credit Union is a member-owned financial institution serving Vermont, New Hampshire, and parts of Massachusetts, Maine, and New York. The company offers a comprehensive banking platform consisting of consumer and business lending products (mortgages, vehicle loans, home equity, credit cards, personal loans, and commercial loans), deposit products (checking, savings, CDs, IRAs, and HSAs), and digital banking services. Digital services include online and mobile banking, mobile deposit, mobile wallets with Apple/Samsung/Google Pay support, and card controls. Specialized services include cannabis banking, IOLTA accounts for attorneys, business banking, and investment services through Ameriprise partnership. Insurance products are offered through Travelers partnership. The credit union also provides financial education resources through the Enrich platform and rewards programs including BaZing local savings.
Differentiator
Problem solved
Functional benefit
Products and services
- Checking Accounts (Basic, Rewards, Rewards Plus) Three-tier consumer checking account suite: Basic (free with e-statements, Buyers Protection, ID Theft Aid), Rewards ($4/month with credit monitoring, cell phone protection, roadside assistance), and Rewards Plus ($6/month with enhanced cell phone protection and premium dividends via BaZing).
Companies that use One Credit Union
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles4 records
One Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration13 records
One Credit Union partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core, strategic and minor.
- Green Check VerifiedcoreGreen Check Verified provides cannabis business compliance verification. One CU has partnered with Green Check to offer a compliance portal for cannabis businesses, enabling confident banking relationships that fuel business growth while minimizing compliance time, cost, and risk.
- Empyreal LogisticscoreEmpyreal Logistics provides end-to-end cash logistics for cannabis businesses including ATM servicing, ATMs, Smart Safes, and cash recycler solutions. Partnership enables courier service for cash deposits for cannabis banking clients.
- GuideWorth Advisors (Ameriprise Financial)strategicGuideWorth Advisors is a preferred financial planning alliance offering personalized financial advice including education savings, retirement planning, estate strategies, tax strategies, and asset management. One CU earns referral fees for clients referred to Ameriprise Financial.
- Travelers InsurancestrategicTravelers Insurance partnership offers members access to auto, home, condo, and renters insurance with negotiated discounts. One CU earns affinity sponsorship fees for referrals to Travelers insurance programs.
- CO-OP NetworkcoreCO-OP Network provides access to 30,000+ surcharge-free ATMs nationwide. Network includes ATMs at 7-Eleven, Walgreens, Publix, Costco and other major retailers. Also provides mobile app for ATM locating.
- Vermont and New Hampshire Bar FoundationsstrategicIOLTA program supports both state bar foundations by donating interest accrued on escrowed attorney funds. Donated funds provide legal services to those without funds for a lawyer. One CU offers the highest competitive IOLTA rates in both states.
- BaZingminorBaZing powers the Shop Local, Save Local savings program for Rewards and Rewards Plus checking accounts. Provides exclusive discounts and deals at local and national merchants.
Scale indicators4 records
Recent moves5 records
Expansion highlights6 records
One Credit Union competitors and assessment
Company assessmentRegional players
- Passumpsic Savings Bank: VT/NH community savings bank providing similar consumer and business banking services. Operates across the same regional geography with comparable community-bank positioning and product mix.
- Community National Bank: VT/NH-headquartered community bank with consumer and small business focus similar to One Credit Union. Operates with comparable branch footprint and member/customer profile within overlapping geographies.
- Mascoma Bank: Community bank with NH and VT footprint offering consumer mortgages, business banking, and deposit products comparable to One Credit Union. Similar institution size with regional focus and local decision-making emphasis.
- Ledyard Bank: New Hampshire community bank offering consumer and small business banking products in the same regional market as One Credit Union. Comparable community-bank positioning with overlapping VT/NH customer base.
Broad incumbents
- OneMain Financial: Large consumer finance company specializing in personal loans with nationwide branch presence. Comparable personal-loan product offering to One Credit Union at much greater scale, with overlapping underserved/credit-builder customer demographic.
- Digital Federal Credit Union (DCU): Large federally chartered credit union known for technology-forward digital banking and broad product suite covering consumer deposits, lending, and digital banking - all comparable to One Credit Union's product breadth, though at significantly larger scale.
Direct peers
- New Hampshire Federal Credit Union: New Hampshire-headquartered credit union with similar consumer and small business banking offerings. Comparable size and target member demographic in overlapping NH communities.
- Vermont State Employees Credit Union (VSECU): Vermont-headquartered credit union with community-based membership and comparable consumer banking products (checking, savings, loans, mortgages). Operates in the same geographic footprint as One Credit Union with similar member demographics and regulatory framework.
- New England Federal Credit Union (NEFCU): Vermont-based community credit union offering similar consumer and business banking products to One Credit Union. Comparable community-membership model with multi-branch presence across the same regional footprint.
- Green Mountain Credit Union: Vermont-headquartered community credit union serving similar consumer and SMB banking needs. Operates with analogous community-based field of membership and product breadth in the same primary geography.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
One Credit Union social profiles
Digital presenceOne Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
One Credit Union leadership team
Management profileNumber of profiles
One Credit Union funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
One Credit Union M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about One Credit Union
What does One Credit Union do?
One Credit Union is a member-owned financial cooperative that provides consumer and business banking products and services to over 18,000 members across Vermont, New Hampshire, and select counties in Massachusetts, Maine, and New York. Its core offerings include deposit accounts (checking, savings, CDs, IRAs, HSAs, youth accounts), consumer and commercial lending (mortgages, vehicle, home equity, personal, credit cards, commercial term loans, commercial real estate, lines of credit), and digital banking via mobile and online channels. It also offers specialized services such as cannabis banking, IOLTA accounts for attorneys, investment services through Ameriprise, and insurance through Travelers.
Is One Credit Union a public or private company?
One Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was One Credit Union founded?
One Credit Union was founded in 2010. It employs 11 to 50 people.
Where is One Credit Union based?
One Credit Union is headquartered in Springfield, United States, in the North America region.
How does One Credit Union make money?
Three revenue lines are on record. Interest Income from Loans are the primary driver. The others are deposit Account Fees and deposit Interest Spread.
Who are One Credit Union's main competitors?
Regional players on record are Passumpsic Savings Bank, Community National Bank, Mascoma Bank and Ledyard Bank. Broad incumbents are OneMain Financial and Digital Federal Credit Union (DCU). Direct peers are New Hampshire Federal Credit Union, Vermont State Employees Credit Union (VSECU), New England Federal Credit Union (NEFCU) and Green Mountain Credit Union.
Does One Credit Union have an API?
No public API is recorded for One Credit Union.
What industry is One Credit Union in?
One Credit Union's product category is Retail Banking. Its primary akta.pro industry code is FSABAEAA, Community Credit Unions (Retail/Consumer Focus), with a secondary code of FSAKAAAL, Bank & Credit Union Personal Loans (Unsecured Installment). Its NAICS code is 52213 and its SIC code is 6022.