SeaComm

What SeaComm does

SeaComm Federal Credit Union is a federally chartered, member-owned cooperative financial institution founded in 1963 in Massena, New York, operating nine full-service branches across Northern New York (St. Lawrence, Franklin, Clinton, Essex, Jefferson, and Lewis counties) and Vermont (Grand Isle, Chittenden, Franklin, Addison, Lamoille, Orleans, and Washington counties). It serves consumer members, youth/families, and small-to-medium business members with a full suite of deposit products (regular savings, money market, share certificates, IRAs, HSAs), lending products (mortgages, home equity, vehicle, recreational vehicle, personal, and Visa credit cards), insurance through its wholly owned SeaComm Insurance Agency CUSO, and wealth management through an LPL Financial partnership.

The technology stack centers on the Access Digital platform launched in January 2025, which unified and replaced legacy NetTeller and Mobile Branch systems with single-login online and mobile banking, complemented by Mobile Deposit Capture, Enhanced SMARTLine 24/7 telephone banking, eZCardInfo card management, Payment Zone for loan payments, and ATM security infrastructure including ActivEdge anti-skimming readers and SecurLOCK Communicate fraud alerts. Distribution extends through CO-OP Shared Branching to 5,400+ shared branches and 30,000 surcharge-free ATMs nationwide.

The business model is the standard credit-union net-interest-margin framework: interest income on the diversified loan portfolio is the primary revenue stream, supplemented by transaction fees (overdraft at $25/item, ATM, wire transfer, account maintenance), deposit funding from members, insurance commissions through the CUSO, and wealth management fees via LPL Financial. GTM is sales-led and relationship-driven through the nine branches, a call center, digital channels, and community presence, with eligibility constrained to residents/workers in the defined NY and VT counties. The institution is NCUA-insured and Bauer Financial 5-Star rated, with no external shareholders or institutional capital.

Name

SeaComm

Legal name

SeaComm Federal Credit Union

Website

https://seacomm.org

Company type

Private

Founded year

1963

Operating status

Operating

Headcount range

51–100 employees

Short description

SeaComm Federal Credit Union is a federally chartered, member-owned cooperative founded in 1963, operating nine branches across Northern New York and Vermont to deliver deposit, lending, insurance, and wealth management services to consumer, family, and small-business members in its defined regional footprint.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (522130), Credit Unions (52213)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

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

akta.pro secondary industry

Federations/Centrals & Cooperative Banking Networks (2nd-Tier Co-ops) (FSABAEAL)

Keywords

• Retail banking services
• Consumer lending products
• Mortgage lending
• Credit union services
• Financial products

Headquarters

HQ city

Massena

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income on Loans: Primary revenue source from interest charged on various loan products including mortgages, vehicle loans, personal loans, home equity loans, and credit cards. Rates vary by product type, term, and member creditworthiness.
2. Fee-based Services: Various service fees including overdraft fees ($25), ATM fees, wire transfer fees, account maintenance fees, loan service fees, and Visa card-related fees.
3. Share Deposits: Member deposits serve as the primary funding source for lending operations. Credit unions return profits to members through better rates on loans and deposits.
4. Insurance Products: Revenue from insurance agency operations through SeaComm Insurance Agency (offering auto, home, business, and other insurance products) and TruStage insurance partnerships.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

SeaComm Federal Credit Union is a federally chartered, member-owned cooperative that delivers consumer and small-business banking, lending, insurance, and investment services across northern New York and Vermont. Core offerings include deposit accounts (savings, checking, money market, share certificates, IRAs, HSAs), an installment and revolving loan portfolio (mortgages, home equity, vehicle, recreational vehicle, personal, Visa credit cards), and value-added services such as the Access Digital online/mobile platform, Mobile Deposit, Overdraft Privilege, the Benefits Plus/Plus Premium discount programs, and an in-house insurance agency.

Product overview

SeaComm Federal Credit Union operates as a multi-service financial institution offering a comprehensive portfolio of banking, lending, insurance, and investment products. The core offering centers on deposit accounts (savings, checking, money market, certificates, IRAs, and HSAs) and lending products (mortgages, home equity, vehicle loans, personal loans, and credit cards). Digital banking services are delivered through Access Digital (online and mobile platform) replacing the legacy NetTeller system, complemented by enhanced ATM technology with ActivEdge anti-skimming protection. Value-added services include Benefits Plus and Benefits Plus Premium discount programs, TruStage insurance products, Personal Financial Advisor Services through LPL Financial, CO-OP Shared Branching for nationwide branch access, and the newly launched SeaComm Insurance Agency CUSO. The credit union serves members in New York and Vermont counties through 9 branch locations.

Differentiator

Problem solved

Functional benefit

Products and services

• SeaComm Visa Platinum Credit Card Visa Platinum credit card for consumer members with no annual fee, rates starting at 8.99% APR (below national average), 25-day interest-free grace period, no cash advance or ATM fees, up to $1,000,000 in free travel accident insurance, and ScoreCard Rewards.
• Access Digital Online and Mobile Banking Member-centric online and mobile banking platform providing single-login access to all accounts, mobile deposit capture, bill pay, debit card controls, loan applications, and a message center via web, iOS, and Android.
• Enhanced SMARTLine Phone Banking 24/7 automated audio response telephone banking system for account balance inquiries, fund transfers, loan payments, and payment stops, secured with account number and PIN.
• Mobile Deposit Capture Remote check deposit service allowing members to deposit checks into eligible SeaComm accounts using a compatible mobile device, with a $2,500 per-business-day and $2,500 per-item limit.
• Business Accounts Business checking and savings accounts providing debit/credit cards, online account access, mobile deposit capture, free bill pay, 24-hour SmartLine access, and Quicken download capability for small and medium-sized businesses.
• Business Loans Commercial lending services including business term loans and lines of credit for small and medium-sized business members.
• Regular Savings Account Primary share savings account required for credit union membership with $5 minimum balance; earns competitive dividend rates with $100 minimum balance to earn dividends.
• Share Certificates Term savings accounts with $1,000 minimum balance. Terms range from 1 to 5 years with APY from 0.40% to 1.40%; the Enhanced Loyalty Rewards program can raise the 1-year APY up to 2.50%.
• Money Market Account Tiered savings account with $100 minimum balance. APY ranges from 0.10% (for $100-$2,499.99) to 1.00% (for balances of $100,000 and above).
• Mortgages Mortgage lending including fixed-rate loans, adjustable-rate mortgages, refinancing, government and affordable housing programs, construction-to-permanent loans, and the Homebuyer Dream Program grant, with a no-closing-cost option.
• Home Equity Loans and Lines of Credit Fixed-rate equity loans and revolving home equity lines of credit for home improvements, debt consolidation, or major purchases using home equity as collateral.
• Recreational Vehicle Loans Financing for RVs, ATVs, boats, motorcycles, tractors, snowmobiles, trailers, UTVs, and campers with rates as low as 5.74% APR on 60-month terms.
• New & Used Vehicle Loans Vehicle financing including the DrivingSense program (lease-like lower monthly payments while retaining ownership) for current and previous model-year cars, vans, and light trucks up to five years used; rates as low as 5.74% APR for new 2025-2026 vehicles.
• Personal Loans Signature loans for unexpected bills, car repairs, appliances, vacations, fuel oil, debt consolidation, and medical expenses, with rates starting at 10.00% APR over 60-month terms.
• Individual Retirement Accounts (Traditional and Roth IRA) Tax-advantaged retirement savings accounts offered as Traditional and Roth IRAs with share certificate and share account options; $1,000 minimum for IRA certificates and $5 minimum for IRA share accounts.
• Health Savings Account (HSA) Tax-advantaged health savings account for individuals with high-deductible health plans to save for qualified medical expenses.
• Moola Moola Kids Account Youth savings account for children through age 11 with $5 minimum balance, competitive interest rates, payroll deduction, and automatic conversion to a teen account until age 18.
• Overdraft Privilege Discretionary overdraft service allowing account holders to overdraw up to disclosed limits for a $25 per-item fee ($5 fee for small balances), with Standard Coverage for checks/ACH and Extended Coverage for ATM and everyday debit card transactions.
• Safe Deposit Boxes Secure storage boxes available in multiple sizes (3x5 to 10x10) with annual rental fees ranging from $40 to $90 plus tax.
• CO-OP Shared Branching Access Member access to 5,400+ CO-OP shared branch locations and hundreds of self-service terminals nationwide, plus 30,000 surcharge-free ATMs (including at 7-Eleven, Costco, and Walgreens).
• Payment Zone Online loan payment portal (mypayrazr) enabling members to make loan payments 24/7 via debit cards, prepaid cards, or auto-debit from checking/savings accounts, with recurring payment scheduling.
• Visa Prepaid Gift Cards Prepaid Visa gift cards loadable from $10 to $1,000 for a one-time $5 fee; usable anywhere Visa debit cards are accepted. Not reloadable.
• CUMONEY Visa TravelMoney Card Reloadable prepaid Visa EMV travel card with $9.95 initial fee and $2.00 reload fee; loadable from $10 to $5,000; includes zero liability protection and 90-day purchase protection.
• SeaComm Insurance Agency Wholly owned Credit Union Service Organization (CUSO) offering auto, home, business, renter, RV, boat, motorcycle, UTV, and classic car insurance through ten-plus carrier partners; managed by Peter 'Tom' Bellinger (formerly of Maple City Insurance).
• Personal Financial Advisor Services Investment and wealth management services delivered through LPL Financial, including 401(k) rollover services, estate planning, investment management, and the Guided Wealth Portfolios digital investment platform.

Quantifiable outcome

• Save up to $45 per year with no annual fee credit card vs. other cards
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• CO-OP Shared BranchingcoreChannel Partner/ Reseller/ DistributorPartnership with CO-OP Credit Unions providing members access to over 5,400 shared branch locations and nearly 30,000 surcharge-free ATMs nationwide, including locations at 7-Eleven, Costco, and Walgreens.
• Generations Gold Inc.coreGTM or Marketing PartnerPartnership with Generations Gold Inc. to provide the Benefits Plus and Benefits Plus Premium discount programs offering travel savings, retail discounts, grocery savings, identity protection, and other member benefits.
• LPL FinancialcoreStrategic or Co-development PartnerPartnership with LPL Financial for investment and wealth management services, offering 401(k) rollovers, estate planning, investment management, and the Guided Wealth Portfolios digital investment platform.
• TruStage InsurancecoreGTM or Marketing PartnerPartnership with TruStage for insurance products including Accidental Death & Dismemberment, life insurance, auto and home insurance offered to credit union members.
• Pivot Lending GroupminorStrategic or Co-development PartnerPartnership with Pivot Lending Group to provide flexible mortgage lending options for members in Vermont seeking home mortgage loans.
• GreenPath Financial WellnessminorGTM or Marketing PartnerPartnership with GreenPath Financial Wellness to provide free one-on-one financial counseling, debt management services, and financial education tools to members.
• Maple City InsurancecoreStrategic or Co-development PartnerAcquisition and partnership with Maple City Insurance (Ogdensburg, NY) to form SeaComm Insurance Agency, LLC offering auto, home, business, and other insurance products with over ten carrier partners.

Scale indicators3 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Visions Federal Credit Union: Community credit union headquartered in upstate New York (Endicott) serving similar rural and small-city markets with comparable deposit, lending, and digital banking products. Direct peer given overlapping NY geography, community focus, and full-service credit union model.
• Alliant Credit Union: Online-first national credit union offering high-yield savings, credit cards, mortgages, and auto loans to members nationwide. Direct peer in competing for digitally-engaged members who prioritize rates and mobile UX over branch access.
• Digital Federal Credit Union (DCU): Technology-focused credit union offering full-service banking, lending, and investment products primarily through digital channels. Direct peer in the digital-banking member acquisition space where SeaComm's Access Digital platform competes.
• Truliant Federal Credit Union: Mid-sized regional credit union serving the Carolinas and surrounding states with full-service banking, lending, and insurance products. Direct peer given similar community credit union structure, multi-branch model, and inclusion of insurance and wealth services.

Broad incumbents

• Affinity Federal Credit Union: Large New York-based federal credit union serving members across the tri-state area with banking, lending, mortgage, and investment products. Comparable as a NY-headquartered full-service credit union, but substantially larger and broader in geographic footprint.
• Bethpage Federal Credit Union: Long Island-based federal credit union with full-service banking, lending, and wealth offerings and a large branch network. Comparable as a NY-state chartered federal credit union offering the same product mix (deposits, loans, mortgages, investments), though at much greater scale.
• Connexus Credit Union: National credit union offering consumer banking, mortgages, and investment services with a strong digital channel. Comparable in product breadth and member-value positioning, though operating at materially larger scale.

Emerging players

• Community Bank, N.A. Upstate New York and Pennsylvania-based community bank providing commercial and consumer banking products in similar rural and small-metro markets. Adjacent competitor for North Country deposit and loan share, though structured as a commercial bank rather than a cooperative.

Others

• CO-OP Financial Services: Industry-owned credit union service organization providing shared branching, ATM, and digital payments infrastructure to thousands of credit unions including SeaComm. Ecosystem participant rather than a competitor; relevant as a partnership that enables SeaComm's national reach.
• LPL Financial: Independent broker-dealer providing investment, retirement, and wealth management platforms to credit unions and banks. Strategic technology/investment partner that powers SeaComm's Personal Financial Advisor Services and Guided Wealth Portfolios rather than a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/SeaCommFCU
• YouTubeyoutube.com/user/SeaCommFCU
• Facebookfacebook.com/SeaCommSocial
• LinkedInlinkedin.com/company/seacomm
• Instagraminstagram.com/seacommfcu

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

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 SeaComm