FedComp
FedComp, Inc. is a privately held US core data processing provider that designs and supports the Windows-based Platinum platform for small to medium-sized credit unions. It sells multi-year subscriptions with integrated accounting, lending, EFT, and cloud-based digital banking modules under a direct sales motion.
- Company typePrivate
- Founded1982
- HeadquartersFairfax, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What FedComp does
FedComp, Inc. is a privately held US core data processing provider founded in 1982 and headquartered in Fairfax, Virginia, focused exclusively on small to medium-sized credit unions nationwide. The company designs, develops, and supports a Windows-based core processing platform called Platinum, which delivers integrated accounting, back-office, reporting, marketing, EFT, lending and collection, and record retention functionality. Platinum is offered in three subscription tiers — Economy (entry-level share and loan), Enhanced (full-service including EFT, ATM, and Virtual Teller), and Elite (cloud-based with 24/7 access and Federal Compliance reporting) — and can be deployed either as a service bureau or installed in-house at the credit union.
The company's go-to-market is sales-led: FedComp's sales staff conduct needs analyses (in person or by phone), arrange software demos, and present detailed proposals, with technical support available on weekdays. Pricing is quote-based under multi-year subscription contracts and is not publicly disclosed. FedComp has built pre-integrated interfaces with all major ACH, Bill Pay, Share Draft, and Realtime ATM processors, enabling clients to retain their existing third-party EFT vendors. Distribution is entirely domestic, executed through direct sales with no disclosed resellers or international presence.
In 2023–2024 FedComp extended its footprint into consumer-facing digital banking with the IQ Neo mobile app (iOS and Android) and the IQ Neo Resolution real-time banking application, adding remote capture deposit, fund transfers, and loan application capabilities to the Platinum stack. Customer testimonials highlight multi-decade relationships (e.g., Luzerne County FCU since 1987), responsive support, and user-friendly, affordable software positioned for small institutions. No external funding, M&A, or public ownership is disclosed, and the company appears to be bootstrapped and management-owned.
FedComp firmographics
Firmographics- Name
- FedComp
- Legal name
- FedComp, Inc.
- Website
- https://fedcomp.com
- Company type
- Private
- Founded year
- 1982
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- FedComp, Inc. is a privately held US core data processing provider that designs and supports the Windows-based Platinum platform for small to medium-sized credit unions. It sells multi-year subscriptions with integrated accounting, lending, EFT, and cloud-based digital banking modules under a direct sales motion.
- Ownership category
- akta.pro rank
FedComp industry classification
Industry- Product category
- Core Banking Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts) (FSAGAAAC)
Keywords
Where FedComp is headquartered
LocationHeadquarters
- HQ city
- Fairfax
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
FedComp business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Software Licensing (Platinum): FedComp provides their Platinum software platform to Financial Institutions. The software is available in both service bureau environment or in-house deployment. Pricing is determined through a needs analysis and proposal process.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Platinum Economy Package - Entry-level for small/medium Financial Institutions |
| Subscription | Multi-year contract | Platinum Enhanced Package - Full service provider capabilities |
| Subscription | Multi-year contract | Platinum Elite Package - Cloud-based comprehensive solution |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
FedComp product offering
Product offeringCore offering
FedComp provides a Windows-based core processing system called Platinum that enables credit unions and small-to-medium financial institutions to manage daily operations including account opening, loan servicing, deposit/withdrawal processing, EFT transactions (ACH, Share Drafts, ATM), compliance reporting, and back-office accounting. The platform is available in service bureau or in-house deployment, complemented by the IQ Neo digital banking mobile apps for member-facing account access.
Product overview
FedComp offers a Windows-based core processing platform called Platinum, available in three tiers (Economy, Enhanced, and Elite) plus a cloud-based delivery option. The Platinum platform includes integrated modules for Accounting, Back Office, Reporting, Marketing, EFT, Lending & Collection, and Record Retention. FedComp also provides digital banking add-ons including the IQ Neo Digital Banking Mobile App (iOS/Android) and IQ Neo Resolution real-time banking app. The Elite package is cloud-operated with 24/7 access, while Economy and Enhanced packages can be delivered via service bureau or in-house.
Differentiator
Problem solved
Functional benefit
Brands
- Platinum: Windows-based core processing software platform offering Accounting, Back Office, Reporting, Marketing, EFT, Lending & Collection, and Record Retention products for financial institutions. Available in Economy, Enhanced, and Elite packages.
- IQ Neo
- IQ Neo Resolution
Products and services
- Platinum Core Processing Platform Windows-based core processing software platform providing an intuitive and cohesive environment for Financial Institution personnel. Includes Accounting, Back Office, Reporting, Marketing, EFT, Lending & Collection, and Record Retention modules. Available in service bureau environment or in-house deployment for small to medium-sized credit unions and financial institutions.
- IQ Neo Digital Banking Mobile App Smartphone application for iPhone and Android enabling credit union members to access their accounts 24/7, view balances, loan payments, track savings, loans, and transactions from anywhere in the world via internet.
- IQ Neo Resolution Real-time digital banking application featuring remote capture deposit, fund transfers, loan application capabilities, and other modern digital banking services for Financial Institution members.
Companies that use FedComp
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles1 record
FedComp technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature5 records
FedComp partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Major EFT Processors (ACH, Bill Pay, Share Draft, Realtime ATM)coreFedComp has developed interfaces with all major processors for ACH, Bill Pay, Share Draft, and Realtime ATM services. This allows clients to maintain their existing third-party vendors without needing to change EFT processors when converting to FedComp software.
Scale indicators3 records
Recent moves5 records
Expansion highlights4 records
FedComp competitors and assessment
Company assessmentBroad incumbents
- Jack Henry & Associates: Public company providing core processing, digital, and payments technology to banks and credit unions (via Symitar). Directly competes with FedComp in the credit union core processing market but serves a far broader customer base including large banks.
- Fiserv: Major financial technology incumbent offering core platforms (DNA, Premier) and digital banking to banks and credit unions. Competes with FedComp across the credit union market from a much broader portfolio.
- FIS: Global financial technology provider serving banks, credit unions and corporates with core processing and digital solutions. Competes broadly with FedComp in the credit union segment via legacy and modern core platforms.
- Temenos: Global banking software provider with a cloud-native core platform used by banks and some credit unions. Represents the next-generation competitive threat to FedComp's Windows-based core.
- Finastra: Large fintech software provider offering core, digital, and lending solutions to banks and credit unions globally. Competes with FedComp across the credit union ecosystem with a much broader portfolio.
Direct peers
- Corelation: Credit union core processor offering the KeyStone platform, a cloud-native core. Directly comparable to FedComp's Platinum as a dedicated credit union core processing vendor competing for small/medium credit unions.
- Sharetec Systems: Credit union core processing vendor serving small to mid-sized credit unions. Closely comparable to FedComp in target segment, Windows-based heritage, and tiered product offering.
- CU*Answers: Credit union-owned CUSO providing core processing (CU*BASE) and digital services to credit unions. Direct competitor to FedComp in the small/medium credit union segment with a cooperative ownership model.
Emerging players
- Narmi: Digital banking and account opening platform purpose-built for community financial institutions including credit unions. Overlaps with FedComp's IQ Neo digital banking strategy and competes for the same digital layer wallet share.
- Tyfone: Digital banking and mobile platform provider focused on community financial institutions and credit unions. Competes with FedComp's IQ Neo mobile app layer and overlaps in serving small/medium credit unions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
FedComp social profiles
Digital presenceFedComp financial estimates
Financial estimateRevenue estimate
Valuation estimate
FedComp leadership team
Management profileNumber of profiles
FedComp funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FedComp 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 FedComp
What does FedComp do?
FedComp provides a Windows-based core processing system called Platinum that enables credit unions and small-to-medium financial institutions to manage daily operations including account opening, loan servicing, deposit/withdrawal processing, EFT transactions (ACH, Share Drafts, ATM), compliance reporting, and back-office accounting. The platform is available in service bureau or in-house deployment, complemented by the IQ Neo digital banking mobile apps for member-facing account access.
Is FedComp a public or private company?
FedComp is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was FedComp founded?
FedComp was founded in 1982. It employs 11 to 50 people.
Where is FedComp based?
FedComp is headquartered in Fairfax, United States, in the North America region.
How does FedComp make money?
One revenue line is on record: software Licensing (Platinum).
Who are FedComp's main competitors?
Broad incumbents on record are Jack Henry & Associates, Fiserv, FIS, Temenos and Finastra. Direct peers are Corelation, Sharetec Systems and CU*Answers. Emerging players are Narmi and Tyfone.
Does FedComp have an API?
No public API is recorded for FedComp.
What industry is FedComp in?
FedComp's product category is Core Banking Software. Its primary akta.pro industry code is FSAGAAAC, Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts). Its NAICS code is 52232 and its SIC code is 6099.