First Community Credit Union

Credit Union Servicesmyfccu.com

First Community Credit Union is a member-owned, federally chartered credit union founded in 1939, operating 29 branches across North Dakota and Minnesota. It serves individual consumers, small businesses, agricultural producers, and first-time homebuyers with deposit products, consumer and mortgage lending, and digital banking services.

Company typePrivate
Founded1939
HeadquartersJamestown, United States
Headcount251–500
GTM typeB2B and B2C
OfferingServices

What First Community Credit Union does

First Community Credit Union is a member-owned, federally chartered credit union cooperative founded in 1939 and headquartered in Jamestown, North Dakota. Operating 29 branch locations across North Dakota and Minnesota, FCCU serves individual consumers, small-to-mid-size businesses, agricultural producers, and first-time homebuyers in rural and mid-sized Midwestern markets. Under CEO Steve Schmitz, who has led the institution since 2010, the credit union has grown more than five times its original size and surpassed the $1 billion asset milestone, expanding materially through a 2018 strategic merger that added 12 branches and the 2022 integration of Elm River Credit Union.

FCCU's product suite spans Kasasa-branded reward checking and savings (2.50% APY on Kasasa Cash up to $25K balances), certificates of deposit (up to 3.75% APY), Health Savings Accounts, and a comprehensive lending portfolio including auto loans (4.49% APR), home equity loans (5.49% APR), construction loans (4.99% APR), lot loans, agriculture loans, recreational loans, business loans, and Visa credit cards. The digital platform includes the FCCU Mobile app (iOS/Android), FCCU Online web banking, the FCCU Cards App for card controls, Money Management software with budgeting and debt payoff forecasting, digital wallet integration with Apple Pay/Google Pay/Samsung Pay, and electronic document signing. Strategic partnerships with the North Dakota Housing Finance Agency (NDHFA), FreddieMac CreditSmart, Fannie Mae HomeView, and eHome America support first-time homebuyer education and affordable mortgage delivery.

The revenue model is conventional for a credit union: net interest income from the spread between loan yields (auto, home equity, construction, mortgage) and deposit rates, supplemented by account and service fees, loan origination fees, and credit/debit card interchange. As a cooperative, FCCU returns profits to members through competitive rates and Kasasa rewards — $28 million in cumulative rewards paid out — rather than to external shareholders. Distribution is omnichannel: 29 physical branches providing local decision-making and underwriting, complemented by digital banking, mobile apps, a dedicated mortgage platform at fccuhomeloans.com, phone banking (800-850-7676), and a financial wellness podcast. The credit union is regulated by the NCUA, has no parent company or external institutional investors, and is governed by a member-elected Board of Directors.

First Community Credit Union firmographics

Firmographics

Name: First Community Credit Union
Legal name: First Community Credit Union
Website: https://myfccu.com
Company type: Private
Founded year: 1939
Operating status: Operating
Headcount range: 251–500 employees
Short description: First Community Credit Union is a member-owned, federally chartered credit union founded in 1939, operating 29 branches across North Dakota and Minnesota. It serves individual consumers, small businesses, agricultural producers, and first-time homebuyers with deposit products, consumer and mortgage lending, and digital banking services.
Ownership category
akta.pro rank

First Community Credit Union industry classification

Industry

Product category: Credit Union Services
NAICS: Credit Unions (52213), Credit Unions (522130), Depository Credit Intermediation (5221)
SIC: Personal Credit Institutions (6141)
akta.pro primary industry: Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)
akta.pro secondary industry: Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

Retail banking services
Consumer lending products
Mortgage lending services
Agricultural lending programs
Small business banking

Where First Community Credit Union is headquartered

Location

Headquarters

HQ city: Jamestown
HQ country: United States
HQ region: North America

Offices24 records

Markets served

First Community Credit Union business model

Business model

GTM type: B2B and B2C
Offering type: Services
Cost components: Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

Net Interest Income: Primary revenue source from spread between interest earned on loans (auto, home, personal, business) and interest paid on deposits. Interest rates vary by product with auto loans as low as 4.49% APR, home equity as low as 5.49% APR, and construction loans as low as 4.99% APR.
Account and Service Fees: Fees from various account services including ATM fees, overdraft fees, and other traditional banking service charges.
Loan Origination Fees: Fees associated with mortgage, consumer, and business loan originations.
Credit Card Interchange: Revenue from credit and debit card transaction processing.

Pricing tiers

Model	Billing	Price
Subscription	Monthly	Auto Loans starting at 4.49% APR
Subscription	Monthly	Home Equity Loans starting at 5.49% APR
Subscription	Monthly	Construction Loans starting at 4.99% APR
Freemium	Monthly	Kasasa Cash Checking - 2.50% APY on balances up to $25,000
Freemium	Monthly	Kasasa Saver - 0.25% APY on balances up to $25,000
One time/ perpetual license	Annual	Certificates of Deposit - Up to 3.75% APY

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

First Community Credit Union product offering

Product offering

Core offering

First Community Credit Union is a member-owned cooperative financial institution that provides retail banking, consumer lending, mortgage, agricultural lending, and small business banking products and services to individuals and businesses across North Dakota and Minnesota. Core offerings include Kasasa reward checking and savings, certificates of deposit, auto loans, home loans, construction loans, home equity loans, agriculture loans, credit cards, business banking, and digital banking tools through web and mobile channels.

Product overview

First Community Credit Union offers a comprehensive suite of financial products and services organized into core banking, lending, digital banking, and educational resources. The core banking portfolio includes Kasasa Cash and Kasasa Saver reward checking/savings accounts, Certificates of Deposit with Add-A-Buck and Maximizer Flex options, and Health Savings Accounts. The lending suite covers consumer loans (auto, recreational, personal term loans), home loans (FCCU Home Loans, construction loans, lot loans, home equity), agriculture loans, and business products (checking, savings, loans, credit cards). Digital banking services include FCCU Online, FCCU Mobile, FCCU Cards App, Digital Wallet integration with Samsung/Google/Apple Pay, and Money Management financial software with calculators. Educational offerings include the Mortgage Learning Center with approved partner courses (F-M Homebuyer Class, eHome America, CreditSmart Homebuyer U, HomeView), plus the Let's CU Succeed financial wellness podcast. Protection products include GAP Coverage, Route 66 Mechanical Breakdown Protection, Debt Protection, and ID Safe Choice identity theft protection.

Differentiator

Problem solved

Functional benefit

Brands

Kasasa Cash: Free checking account that pays rewards with up to 2.50% APY on balances up to $25,000.
Kasasa Saver
FCCU Cards App
FCCU Online

Quantifiable outcome

$28 million in Kasasa Rewards paid out to members
+3 more outcomes

Companies that use First Community Credit Union

Customer profile

Named customers4 records

Segments5 records

Ideal customer profiles4 records

First Community Credit Union technology and API

Technology

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature6 records

First Community Credit Union partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered minor and core.

RenoFiminorStrategic or Co-development Partner · 29 April 2026First Community Credit Union participated as an investor in RenoFi's $22 million Series B funding round led by Fifth Wall. RenoFi offers renovation financing solutions including a Renovation HELOC that uses After-Renovation Value to provide homeowners with more borrowing power without refinancing their existing mortgage.
University of North Dakota (UND) AthleticsminorGTM or Marketing PartnerFCCU is a proud partner of UND Athletics, supporting the university athletic program as part of community engagement initiatives.
North Dakota Housing Finance Agency (NDHFA)coreStrategic or Co-development PartnerFCCU partners with NDHFA to offer affordable homeownership programs including USDA Rural Development Loans, down payment assistance, and closing cost programs. NDHFA helped 1,898 households in 2025 purchase homes through these programs.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

First Community Credit Union competitors and assessment

Company assessment

Direct peers

Bell Bank: Headquartered in Fargo, ND, Bell Bank is a regional community bank with similar footprint across North Dakota and Minnesota and a comparable product suite (consumer, mortgage, business banking). Direct competitor in the same local markets with overlapping branch and digital banking offerings.
Gate City Bank: Fargo-based mutual savings institution operating across North Dakota and Minnesota with consumer and business banking products. Directly comparable in mutual/community ownership philosophy, geographic footprint, and member-oriented value proposition.
Alerus Financial: Grand Forks, ND-based bank and wealth management firm serving ND and MN markets. Comparable in regional scope, consumer/business banking mix, and community-bank operating model.
Starion Bank: Bismarck, ND-based community bank with branches across central and western North Dakota. Overlaps with FCCU in the Bismarck-Mandan market and offers similar consumer, mortgage, and ag lending products.
Black Hills Federal Credit Union: Rapid City, SD-based federal credit union of similar asset scale, also serving an upper Midwest/Plains rural market with full personal and business banking products. Closest pure cooperative-structure peer to FCCU.
Affinity Plus Federal Credit Union: Minnesota-based federal credit union with statewide membership offering consumer deposits, lending, and digital banking. Directly comparable credit-union peer competing for members in FCCU's Minnesota service area.
TopLine Federal Credit Union: Twin Cities-area Minnesota credit union offering checking, savings, lending, and business banking. Comparable cooperative model and competes for Minnesota-based FCCU members.
Bellco Credit Union: Colorado-based federal credit union of broadly similar asset size with comprehensive personal and business banking. Comparable in scale, cooperative structure, and full-stack product breadth.

Regional players

Cornerstone Bank: North Dakota-headquartered community bank with branches primarily outside the Bismarck/Fargo metro areas. Comparable in community-banking focus, agricultural lending orientation, and small-town service model.

Broad incumbents

Connexus Credit Union: Larger federally-chartered credit union headquartered in Wisconsin with national digital reach and full banking suite. Adjacent upper Midwest peer that competes with FCCU for digitally-engaged members, while also representing the type of scaled competitor FCCU could consolidate or benchmark against.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

First Community Credit Union financial estimates

Financial estimate

Revenue estimate

Valuation estimate

First Community Credit Union leadership team

Management profile

Number of profiles

First Community Credit Union funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

First Community Credit Union M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Community Credit Union

What does First Community Credit Union do?

Is First Community Credit Union a public or private company?

First Community Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.

When was First Community Credit Union founded?

First Community Credit Union was founded in 1939. It employs 251 to 500 people.

Where is First Community Credit Union based?

First Community Credit Union is headquartered in Jamestown, United States, in the North America region.

How does First Community Credit Union make money?

Four revenue lines are on record. Net Interest Income is the primary driver. The others are account and Service Fees, loan Origination Fees and credit Card Interchange.

Who are First Community Credit Union's main competitors?

Direct peers on record are Bell Bank, Gate City Bank, Alerus Financial, Starion Bank, Black Hills Federal Credit Union, Affinity Plus Federal Credit Union, TopLine Federal Credit Union and Bellco Credit Union. Cornerstone Bank is listed as a regional player. Connexus Credit Union is listed as a broad incumbent.

Does First Community Credit Union have an API?

No public API is recorded for First Community Credit Union.

What industry is First Community Credit Union in?

First Community Credit Union's product category is Credit Union Services. 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 6141.