Assemblies Of God Credit Union

Name

Assemblies Of God Credit Union

Legal name

Assemblies of God Credit Union

Website

https://agcu.org

Company type

Private

Founded year

1951

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Credit Unions (522130)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Faith-Based & Affinity Credit Unions (FSABAEAH)

Keywords

• Faith-based banking
• Credit union services
• Ministry banking
• Consumer lending
• Retail banking

Headquarters

HQ city

Springfield

HQ country

United States

HQ region

North America

Offices3 records

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: AGCU earns interest income from various loan products including mortgages, home equity loans, auto loans, personal loans, signature loans, lines of credit, vehicle loans for ministries and businesses, real estate loans, and equipment loans.
2. Fee Income: Various fee-based services including overdraft fees ($28), skip-a-pay processing fees ($25-$50), money orders ($3), wire transfer fees, and other account service charges.
3. Insurance Products: AGCU offers insurance products through agcuinsurance.com including home insurance, auto insurance, life insurance, and business/ministry coverage, providing commission revenue from insurance partnerships.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Assemblies of God Credit Union (AGCU) is a faith-based, member-owned credit union that provides retail banking, lending, and digital financial services to individuals, families, churches, ministries, missionaries, and small businesses connected to the Assemblies of God fellowship. Its product suite spans checking, savings, CDs, money markets, IRAs, HSAs, mortgages, home equity, auto/vehicle/RV/boat loans, personal loans, lines of credit, credit cards, merchant services, and insurance, distributed through two Springfield, MO branches, mobile/online/video banking, and the CO-OP shared branching and ATM network.

Product overview

Assemblies Of God Credit Union (AGCU) is a faith-based credit union headquartered in Springfield, Missouri, offering a comprehensive suite of financial products and services organized into five main segments: Personal Banking (checking, savings, CDs, money markets, IRAs, HSAs, youth accounts, mortgages, vehicle loans, personal loans, credit cards, and digital banking), Ministry Banking (specialized accounts, lending, and services for churches and missionaries serving in 190 countries), Business Banking (checking, savings, CDs, money markets, lending, merchant services, and digital banking), Digital Banking (online, mobile, and video banking platforms with card management tools), and Insurance (home, auto, life, business, and ministry coverage through agcuinsurance.com). The credit union emphasizes 'Banking with a Purpose,' titheing 10% of annual earnings to support ministries, scholarships, and humanitarian efforts. Founded in 1951 and celebrating 75 years of service in 2026, AGCU serves members in all 50 states with access to nearly 30,000 surcharge-free ATMs through the CO-OP Network.

Differentiator

Problem solved

Functional benefit

Products and services

• Free LoyaltyPlus Checking Interest-bearing personal checking account offering up to 2.50% APY on balances up to $10,000 with no monthly fees, free debit card, and ATM fee refunds up to $15/month for members meeting monthly qualification requirements.
• Personal Checking Free personal checking account with no monthly service charges, free debit cards, no minimum balance, and free bill pay and mobile banking services for individual members.
• Personal Savings Primary share savings account establishing AGCU membership, with $25 minimum to open and maintain, and 0.10% APY on balances of $100 or more.
• Certificates of Deposit (CDs) Fixed-term share certificates with terms from 3 to 60 months, $1,000 minimum deposit, monthly dividend payouts, and competitive fixed rates (e.g., 4-month CD at 3.94% APY).
• Money Market Accounts Tiered money market savings accounts paying higher dividends than regular savings, with six fee-free withdrawals per month, $2,500 minimum to earn dividends, and a Premier tier starting at $50,000.
• Health Savings Accounts (HSA) Tax-advantaged HSA for members enrolled in HSA-qualified high deductible health plans, offering 2.02% APY, pre-tax contributions, tax-free medical withdrawals, and no-expiration rollover.
• Individual Retirement Accounts (IRAs) Tax-advantaged retirement savings including Traditional IRA, Roth IRA, SEP IRA, and Coverdell ESA with 2024/2025 contribution limits of $7,000 ($8,000 for age 50+).
• Youth Accounts (Kirby Kangaroo Kids and Ages 13-18) Savings and checking accounts for children birth-12 (Kirby Kangaroo Kids with club passbook) and teens 13-18, including complimentary debit cards starting at age 16 with co-signer and annual scholarships.
• Home Loans and Mortgages First and second mortgages with fixed- and adjustable-rate options, refinancing, and home equity lines of credit, available nationwide excluding New York.
• Home Equity Line of Credit (HELOC) Revolving credit line secured by home equity with variable rates as low as 8.00% APR and up to 15-year terms, available in select Missouri counties.
• Auto, RV, Boat and ATV Loans Vehicle financing for new and used cars, RVs, boats, and ATVs with rates as low as 5.50% APR, optional GAP coverage and extended warranty, plus free CARFAX reports on used auto loans.
• Signature Loans Unsecured personal loans for debt consolidation or unexpected expenses, with terms from 6 months to 5 years and fixed monthly payments.
• Lines of Credit Unsecured revolving credit lines with fixed rates, accessible via online transfer or phone, also used as overdraft protection for checking accounts.
• Share Secured Loans Loans secured by member savings or CD funds offering lower rates than unsecured loans while collateral continues to earn interest.
• Personal Credit Cards Four credit card options issued through Elan Financial Services: Max Cash Preferred (cash back), Real Rewards (points), Platinum (low rate), and Secured Card (credit building), with 24/7 service and zero fraud liability.
• Mobile Banking App iOS and Android mobile banking app with mobile check deposit, fund transfers, bill pay, account monitoring, and MyCardRules debit card controls; consumer deposit limits of $2,000 daily and $3,000 monthly.
• Online Banking Free 24/7 online banking portal with account access, bill pay, e-statements, financial management tools, custom alerts, and password reset.
• Video Banking Face-to-face video banking service enabling account opening, loan applications, and personalized assistance via computer, tablet, or smartphone.
• Digital Wallet (Apple Pay, Google Pay, Samsung Pay) Mobile wallet support allowing members to add AGCU debit cards for contactless payments via Apple Pay, Google Pay, and Samsung Pay with tokenized card data.
• MyCardRules Debit Card Controls Card management tool integrated with online and mobile banking offering transaction controls, location-based controls, spending limits, real-time alerts, and instant card lock/unlock.
• Zelle P2P Payments Peer-to-peer payment service integrated with AGCU accounts allowing members to send money to friends and family directly.
• Extended Insurance Account Deposit insurance enhancement product extending NCUA coverage up to $25 million by distributing funds across partner credit unions via the ModernFi network while maintaining single-account access.
• Ministry Checking Free checking account designed for churches and ministries, with free debit cards, online banking, bill pay, mobile deposit, no per-check fees, and merchant and missionary services.
• Ministry Savings Accounts Savings accounts for churches and nonprofit ministries with $25 minimum to open and NCUA insurance up to $250,000.
• Money Markets for Ministries Money market accounts for ministries offering higher dividends than savings, six free withdrawals per month, $2,500 minimum, with a Premier tier at $50,000.
• Real Estate Loans for Ministry Real estate lending for churches and nonprofits to purchase buildings, acquire land, finance group homes/offices/daycare facilities, or refinance existing debt.
• Vehicle Loans for Ministries Vehicle financing for churches and ministries including passenger vans, 15-passenger vans, church/shuttle buses, and other ministry vehicles.
• Term Loans for Ministry Flexible term loans for ministries for equipment purchases, facility repairs, operating expenses, and other needs not requiring real estate collateral.
• Share Secured Loans for Ministry Loans secured by ministry savings or CD collateral offering lower rates than unsecured loans while collateral continues to earn interest.
• Ministry Credit Cards

Quantifiable outcome

• Over $1 million donated to churches, ministries, scholarships, and humanitarian causes over five years
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

AI capability1 record

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• CO-OP Financial ServicescoreTechnology or IntegrationAGCU partners with CO-OP Financial Services for ATM network access (30,000+ surcharge-free ATMs) and Shared Branch network (5,000+ locations), enabling members nationwide access to banking services.
• Tithe.lycoreTechnology or IntegrationDigital giving integration through Tithe.ly, allowing churches and ministries to accept digital tithes and offerings directly to their AGCU accounts.
• ModernFicoreStrategic or Co-development PartnerExtended Insurance Account partnership with ModernFi network of credit unions to distribute deposits across partner institutions, providing up to $25 million in NCUA coverage.
• Elan Financial ServicescoreTechnology or IntegrationCredit card issuance partnership with Elan Financial Services for personal, ministry, and business credit cards (Max Cash Preferred, Real Rewards, Platinum, Secured Card).
• Commerce BankminorOthersInternational wire transfer processing through Commerce Bank (SWIFT: CBKCUS44, ABA: 101 000 019) for receiving international wires.
• AGCU InsurancecoreChannel Partner/ Reseller/ DistributorInsurance products distribution through agcuinsurance.com, offering home, auto, life, business, and ministry insurance coverage to AGCU members.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Peers

• Evangelical Christian Credit Union (ECCU):

Direct peers

• Christian Community Credit Union: Faith-based credit union serving churches, ministries, and Christian individuals nationwide. Directly comparable to AGCU in mission alignment (faith-based banking) and member segments (churches, pastors, missionaries).
• Catholic Financial Life: Faith-affiliated financial cooperative serving Catholic members and parishes with banking, lending, and insurance products. Comparable to AGCU as a denominational affinity credit union targeting religious organizations and individuals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/agcreditunion

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 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 Assemblies Of God Credit Union