Gain Federal Credit Union

Name

Gain Federal Credit Union

Legal name

Gain Federal Credit Union

Website

https://gainfcu.com

Company type

Private

Founded year

1940

Operating status

Operating

Headcount range

51–100 employees

Short description

Gain Federal Credit Union is a federally chartered, member-owned cooperative serving 20,000+ members in the greater Burbank/San Fernando area with retail deposits, consumer and mortgage lending, credit cards, and small-business banking delivered through two branches and full digital channels.

Ownership category

akta.pro rank

Product category

Credit Union Banking

NAICS

Credit Unions (52213), Depository Credit Intermediation (5221), Credit Card Issuing (52221)

SIC

Savings Institution, Federally Chartered (6035), Functions Related To Depository Banking, Nec (6099), Personal Credit Institutions (6141)

akta.pro primary industry

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

akta.pro secondary industries

Employer/Occupational Credit Unions (FSABAEAB), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL), Rewards & Loyalty Credit Cards (FSAKABAH)

Keywords

• Retail banking services
• Consumer lending products
• Credit union membership
• Deposit accounts
• Home equity loans

Headquarters

HQ city

Burbank

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: The credit union generates revenue primarily through interest earned on loans including auto loans, home loans, home equity lines of credit, personal loans, credit cards, and recreational vehicle loans.
2. Deposit Account Fees: Fee income from various deposit account services including checking accounts, savings accounts, certificates, and money market accounts.
3. Credit Card Fees: Income from credit card products including Classic Mastercard, Platinum Rewards Mastercard, and Equity Gold Mastercard.
4. Other Financial Services: Revenue from investment services (through EnJoy Financial partnership), insurance products (GAP, MBI, Debt Protection), and other financial services.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels8 records

Core offering

Gain Federal Credit Union is a federally chartered, not-for-profit, member-owned financial cooperative that delivers retail banking services to its field of membership in Southern California. It provides deposit products (checking, savings, money market, share certificates), consumer and home-secured lending (auto, home, HELOC, personal, RV, motorcycle loans), Mastercard credit cards, and full digital banking capabilities through online, mobile, and voice/telephone channels.

Product overview

Gain Federal Credit Union operates as a multi-channel financial institution offering a comprehensive suite of banking products and services through both traditional and digital delivery channels. The core banking platform consists of Online Banking and Mobile Banking applications providing account access, deposits, loans, and payments. Deposit products include Savings Accounts, Certificates, Money Market, and Checking with Debit Cards. Credit offerings span Auto Loans, Home Loans, Home Equity Lines of Credit, Personal Loans, Motorcycle Loans, and Recreational Vehicle Loans. The credit card portfolio includes Classic Mastercard®, Platinum Rewards Mastercard®, and Equity Gold Mastercard® with home equity features. Value-added services include Benefits Plus® discount program, Investment Services through EnJoy Financial partnership, Independent Advantage youth education program, GreenPath Financial Wellness counseling, The Better Banking Podcast, and Gaining Ground Scholarships. Digital payment integrations include Zelle® P2P transfers, Apple Pay®, Google Wallet, and access to CO-OP/STAR ATM networks. The institution serves members through two California branches (Burbank and San Fernando) and comprehensive digital banking channels.

Differentiator

Problem solved

Functional benefit

Brands

• Independent Advantage: A financial education program for high school students that teaches banking skills, credit management, budgeting, and financial planning.
• Better Banking
• The Better Banking Podcast
• Gaining Ground Scholarship Program

Products and services

• Savings Accounts
• Checking & Debit Cards
• Share Certificates
• Money Market Accounts
• Auto Loans
• Home Loans
• Home Equity Line of Credit (HELOC)
• Personal Loans
• Recreational Vehicle Loans
• Motorcycle Loans
• Classic Mastercard
• Platinum Rewards Mastercard
• Equity Gold Mastercard
• Business Banking
• Online Banking
• Mobile Banking App
• Voice Assistant and Telephone Banking
• Investment Services

Quantifiable outcome

• Members can save money through lower loan rates and reduced fees compared to big banks
• +2 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability4 records

Feature7 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Experian (Experian Boost)coreTechnology or Integration · 10 January 2022Gain partnered with Experian to offer Experian Boost to members, allowing them to raise FICO Scores instantly by connecting their Gain checking accounts to the popular credit-building tool.
• GreenPath Financial WellnesscoreStrategic or Co-development PartnerGain partnered with GreenPath Financial Wellness, a national non-profit with 60+ years of experience, to offer free individualized counseling, debt management plans, housing services, credit report review, and student loan counseling to members.
• EnJoy FinancialcoreGTM or Marketing PartnerInvestment services partnership with EnJoy Financial for retirement planning, investment advice, estate planning, and financial planning services. EnJoy Financial is a registered representative of Cambridge Investment Research Inc.
• Benefits Plus (Generations Gold, Inc.)minorGTM or Marketing PartnerBenefits Plus program provides members with discounts and savings on everyday purchases, concierge services, and travel benefits. Parent company Generations Gold, Inc. founded in 1992.
• Burbank Unified School District (BUSD) NAF AcademycoreStrategic or Co-development PartnerPartnership with BUSD's National Academy Foundation Business Academy to provide youth financial education, internships for students, and ambassador programs in local schools.
• SavvyMoneycoreTechnology or IntegrationPartnership with SavvyMoney to provide comprehensive credit program integrated into Online and Mobile Banking, offering instant access to credit scores and personalized tips for improvement.
• Goldman Consulting & Strategy (GCS, Inc.)minorStrategic or Co-development PartnerOrganizational development and consulting firm that has advised credit union leaders for over twenty years. Author Neil Goldman wrote 'The Escalator Effect' on business strategy.
• El NidominorGTM or Marketing PartnerNon-profit partnership where Gain supports El Nido's mission to empower families in low-income communities of Los Angeles County to break cycles of poverty, child abuse, violence, and academic failure.
• CO-OP Financial ServicescoreTechnology or IntegrationCO-OP ATM network partnership providing members access to over 30,000 surcharge-free ATMs across the nation.
• Total Quality Consulting (TQC)minorImplementation/ SI/ Consulting PartnerTalent acquisition firm with 25+ years of experience helping companies and credit unions hire exceptional staff. Partners with Gain HR team for recruiting and hiring needs.
• Callister, Broberg & BeckerminorStrategic or Co-development PartnerLaw firm partnership for estate planning seminars presented with EnJoy Financial. Attorney Adam Becker provides estate planning education as part of Gain's seminar program.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Regional players

• Patelco Credit Union: Northern California federal credit union with a comparable community/employer membership base and full-service digital and branch banking model.
• San Diego County Credit Union: Large Southern California credit union with comparable deposit, mortgage, auto, and consumer lending products targeting community-based membership.
• SchoolsFirst Federal Credit Union: Large California-based employer-affiliated (school employees) federal credit union; same operational archetype (employer charter, full product set) but at much greater scale.
• Orange County's Credit Union: Southern California credit union serving overlapping geographic and community membership segments with comparable deposit, lending, and digital banking products.

Direct peers

• California Credit Union: Glendale-headquartered California credit union serving overlapping LA-area employer groups with similar deposit, mortgage, and member-service products.
• Self-Help Federal Credit Union: Community-development-oriented federal credit union serving underserved California communities with a similar mission-driven member base and field-of-membership expansion approach.
• Kinecta Federal Credit Union: LA-area federal credit union with a comparable mix of community/employer membership, full deposit and lending products, and investment services delivered via branches and digital channels.
• First City Credit Union: Los Angeles-based community credit union with comparable employer/community charter structure, deposit and consumer lending products, and personal-service positioning.
• Wescom Credit Union: Pasadena-based, Southern California federal credit union serving similar employer-based and community fields of membership with a comparable full-service digital and branch banking model.
• Logix Federal Credit Union: Burbank-headquartered federal credit union operating in the same geographic market with overlapping community membership, mortgage, HELOC, and auto lending products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/gainfcu
• YouTubeyoutube.com/@GainFCU
• Facebookfacebook.com/GainCreditUnion
• Instagraminstagram.com/gainfcu

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 Gain Federal Credit Union