Voyage Federal Credit Union

What Voyage Federal Credit Union does

Voyage Federal Credit Union is a federally chartered, member-owned cooperative credit union headquartered at 3823 S Kiwanis Cir in Sioux Falls, South Dakota, operating under NCUA insurance and South Dakota state-law overlay. The institution serves individual consumers and small-business members with a full retail banking suite: Personal and Business Checking, Share Savings, Money Market, Share Certificates, IRAs, Auto/Motorcycle/RV, Personal, Home Purchase, Refinance, Home Equity, HELOC, Construction, and Equipment Loans, plus a Voyage Credit Card (8.88% APR Platinum, no annual/balance-transfer/cash-advance fees) and a Business Visa Credit Card on the Visa network. Prepaid Visa Gift and Travel Cards round out the card portfolio.

The technology stack is a standard third-party-integrated digital banking platform rather than a proprietary core: a Squarespace-hosted web front end, native iOS and Android mobile apps, 24/7 online and automated phone banking, bill pay, e-statements, direct deposit, payroll deduction, and card management (turn card on/off, travel notifications, instant lock). Payment and ecosystem integrations include Zelle (P2P), CO-OP and MoneyPass ATM networks (55,000+ surcharge-free ATMs), Greenlight (kids' banking), Credit Sense (credit monitoring), DFS Insurance (referral), MessagePay (external loan payments via Quick Pay), and uChoose Rewards on the credit-card book.

The business model is a classic credit-union net-interest-margin plus fee model: revenue is generated from loan interest (auto, mortgage, personal, home equity, business), credit-card interchange, share certificate and money-market interest spreads, modest service charges and overdraft fees, and referral income from insurance and partnership products. Distribution is omnichannel — single physical branch plus self-serve mobile/online channels and a wholesale ATM network — and growth has come primarily from inorganic charter expansion and mergers with Vermillion FCU (completed July 2023) and First Century FCU (announced February 2024), under President and CEO Jeff Schmidt.

Name

Voyage Federal Credit Union

Legal name

Voyage Federal Credit Union

Website

https://voyagefcu.org

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Voyage Federal Credit Union is a federally chartered, member-owned cooperative credit union in Sioux Falls, South Dakota, offering retail and small-business banking — deposits, consumer and mortgage loans, Visa credit and debit cards, and digital banking — to individual members and local businesses in its South Dakota field of membership.

Ownership category

akta.pro rank

Headquarters

HQ city

Sioux Falls

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Loan Interest: Interest income from auto loans, mortgage services, personal loans, home equity loans, and business loans
2. Credit Card Interchange: Transaction fees and interchange income from Visa credit and debit cards
3. Service Charges and Fees: Monthly service fees (though many accounts have no monthly fees), overdraft fees, and other account service charges
4. Share Certificates and Investment Products: Interest rate spreads on share certificates, money market accounts, and IRA products
5. Insurance and Partnership Products: Referral and partnership revenues from insurance products (DFS Insurance) and other financial services partnerships

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Voyage Federal Credit Union is a member-owned financial cooperative that provides personal and business banking products and services. Its core offerings include checking and savings accounts, certificates, IRAs, consumer loans (auto, motorcycle, RV, personal), mortgage and home equity products, business loans and credit cards, personal and business credit cards, debit cards, prepaid cards, insurance, and digital banking delivered via online, mobile, and 24/7 phone channels.

Product overview

Voyage Federal Credit Union operates as a member-owned financial cooperative offering a comprehensive suite of banking products and services organized around checking and savings accounts, lending, and digital banking. Core deposit products include Personal Checking and Business Checking accounts (both with Visa debit cards), Share Savings, Savings Your Way (goal-based savings), Holiday Club Savings, Share Certificates, Money Market Accounts, and IRAs. The lending portfolio encompasses Auto/Motorcycle/RV Loans, Personal Loans, home purchase and refinance mortgages, Home Equity Loans, HELOCs, Construction Loans, and Business Equipment Loans. Credit offerings include the Voyage Credit Card (with uChoose Rewards), Business Visa Credit Card, and Prepaid Cards. Digital banking is delivered through Online Banking, Mobile Banking (iOS/Android apps), Phone Banking, Bill Pay, eStatements, Direct Deposit, and Payroll Deduction. Supplementary services include Credit Sense (credit monitoring), Insurance (via DFS Insurance partnership), and Quick Pay for loan payments. The institution partners with Zelle (P2P payments), Greenlight (kids' banking), CO-OP and MoneyPass (ATM networks), and MessagePay (external payments).

Differentiator

Problem solved

Functional benefit

Brands

• Tips for Change Podcast: Personal finance tips, credit union news & community events podcast featuring conversations with banking leaders and community experts.

Products and services

• Personal Checking Tier-free personal checking account with no minimum balance and no monthly maintenance fee, designed for everyday consumer use by individuals and households.
• Business Checking
• Share Savings
• Savings Your Way
• Holiday Club Savings
• Share Certificates
• Money Market Account
• IRA (Individual Retirement Account)
• Auto, Motorcycle, and RV Loans
• Personal Loans
• Home Purchase Loans
• Home Refinance Loans
• Home Equity Loan
• Home Equity Line of Credit (HELOC)
• Construction Loans
• Equipment Loans
• Voyage Credit Card
• Business Visa Credit Card
• Debit Cards
• Prepaid Cards
• Online Banking
• Mobile Banking App
• Phone Banking
• Quick Pay
• Insurance Services

Quantifiable outcome

• 5.29% APR auto loan rate (lower than many competitors)
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered strategic, core and minor.

• Federal Home Loan Bank of Des MoinesstrategicStrategic or Co-development Partner · 12 March 2026Voyage FCU partners with Federal Home Loan Bank of Des Moines through the Member Impact Fund to award $13,125 to Kingdom Boundaries Prison Aftercare, demonstrating community investment and social impact initiatives.
• ZellecoreTechnology or IntegrationVoyage Federal Credit Union proudly partners with Zelle for fast, secure money transfers between bank accounts. Members can send money to friends and family using Zelle through the mobile banking app.
• Credit SensecoreTechnology or IntegrationPartnership with Credit Sense providing members with free credit score monitoring and credit report access to help manage financial health.
• GreenlightminorGTM or Marketing PartnerPartnership with Greenlight (Greenlight.com) offering debit cards for kids with parental controls. Promotional offers available for Voyage members.
• DFS InsuranceminorGTM or Marketing PartnerPartnership with DFS Insurance providing members access to insurance products including coverage for auto, home, and other personal insurance needs.
• CO-OP Financial ServicescoreTechnology or IntegrationPartnership with CO-OP for shared branch and ATM network access, providing members access to thousands of ATMs nationwide at no or low cost.
• MoneyPasscoreTechnology or IntegrationPartnership with MoneyPass surcharge-free ATM network, expanding member access to cash withdrawals across the country.
• VisacoreTechnology or IntegrationIssuing partner for Visa debit and credit cards, enabling worldwide acceptance and fraud protection for cardholders.

Scale indicators2 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Bellco Credit Union: Colorado-based community credit union offering a comparable full suite of deposit, lending, and digital banking products to individual and business members, similarly member-owned with a community-first positioning.
• Digital Federal Credit Union (DCU): Massachusetts-chartered FCU with strong digital banking capabilities, similar product breadth (checking, savings, auto, mortgage, HELOC, credit cards), and reliance on CO-OP/MoneyPass-style ATM networks for nationwide reach.
• Alliant Credit Union: Illinois-based FCU serving members nationwide with competitive deposit rates and fee-free checking, broadly comparable product mix and digital-first member acquisition approach.
• First Tech Federal Credit Union: Federally chartered credit union offering full-service banking, credit cards, and mortgage products to a defined membership, similar in cooperative structure and digital banking emphasis.
• SchoolsFirst Federal Credit Union: California FCU providing deposit, lending, and credit card products to a defined membership community, comparable in federally chartered structure and member-focused value proposition.
• Randolph-Brooks Federal Credit Union (RBFCU): Large Texas-based FCU offering consumer and business banking, mortgages, and credit cards — comparable federally chartered cooperative model with similar product breadth, though at substantially greater scale.
• Connexus Credit Union: Wisconsin-chartered credit union offering full consumer and business banking, high-yield deposits, and digital-first experience to a national membership — comparable cooperative positioning and product mix.
• Wings Financial Credit Union: Minnesota-based FCU serving a defined membership community with deposits, lending, credit cards, and digital banking, similar in cooperative structure and community engagement approach.

Regional players

• MetaBank (Pathward): South Dakota-headquartered bank holding company with comparable geographic footprint to Voyage; competes for regional deposits, consumer lending, and prepaid/credit card issuing — not a credit union but operates in the same local market.
• Great Western Bank: Regional community bank with branches across South Dakota and surrounding states, competing with Voyage for consumer deposits, mortgage, and small business lending in the same Sioux Falls market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/voyagefcu
• Facebookfacebook.com/voyagefcu

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Voyage Federal Credit Union