Community Credit Union
Community Credit Union is a member-owned, not-for-profit credit union founded in 1955, serving ~200,000 members across 12 Massachusetts branches through consumer and business banking products including deposits, credit cards, mortgages, and loans, now operating as a division of Rockland Federal Credit Union.
- Company typePrivate
- Founded1955
- HeadquartersLynn, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Community Credit Union does
Community Credit Union is a Massachusetts-chartered, member-owned, not-for-profit financial cooperative founded in 1955 by Greek-American community leaders in Lynn, MA, originally chartered to serve local working people, immigrants, and small businesses. The credit union operates three branches in Lynn (headquarters), Peabody, and Somerville, serving members who live, work, or worship in Essex County or within a 25-mile radius of Lynn. Its core product set spans consumer deposit products (Statement Savings, Free Checking, Kasasa Cash Checking with up to 2.00% APY, Kasasa Cash Back Checking, NOW Checking, Money Market up to 3.55% APY, and CDs up to 3.75% APY), a tiered Visa credit card portfolio (Classic, Platinum, Pivot for credit-building, Vivid, Vivid with Rewards, Signature with Rewards, and Business), IRA products (Traditional, Roth, SEP, SIMPLE), and a full business banking line including commercial real estate loans, lines of credit, business auto loans, Free/Plus/Premium business checking, and merchant services via Paystri. The technology platform is a Fiserv-powered digital banking stack with full-service iOS/Android mobile banking, online banking with bill pay and budgeting tools, remote deposit capture, Zelle P2P integration, and 24/7 telephone banking.
Community Credit Union firmographics
Firmographics- Name
- Community Credit Union
- Legal name
- Community Credit Union
- Website
- https://myccu.org
- Company type
- Private
- Founded year
- 1955
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Community Credit Union is a member-owned, not-for-profit credit union founded in 1955, serving ~200,000 members across 12 Massachusetts branches through consumer and business banking products including deposits, credit cards, mortgages, and loans, now operating as a division of Rockland Federal Credit Union.
- Ownership category
- akta.pro rank
Community Credit Union industry classification
Industry- Product category
- Retail Banking
- NAICS
- Credit Unions (52213), Credit Unions (522130), Credit Card Issuing (522210)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)
- akta.pro secondary industry
- Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)
Keywords
Where Community Credit Union is headquartered
LocationHeadquarters
- HQ city
- Lynn
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Community Credit Union business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Net Interest Income: Primary revenue stream from the spread between interest earned on loans (mortgages, auto loans, personal loans, credit cards, business loans) and interest paid on deposits (checking, savings, money market, CDs). As a credit union, profits are returned to members through better rates.
- Fee Income: Various fee income streams including ATM fees, wire transfer fees, overdraft protection fees, credit card fees, and business banking service charges.
- Merchant Services Revenue: Revenue from merchant card processing services through Paystri partnership, providing credit card processing terminals and payment processing to business members.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Kasasa Cash Checking - Earn up to 2.00% APY on balances up to $20,000 |
| Subscription | Monthly | Kasasa Cash Back Checking - Earn 2% cash back on debit purchases |
| Subscription | Monthly | Free Checking - No-frills basic checking |
| Subscription | Monthly | NOW Checking - Interest-bearing checking |
| Subscription | Monthly | Statement Savings - Basic savings account |
| Subscription | Monthly | Club Savings - Goal-based savings |
| Subscription | Monthly | Community High Yield Money Market - High-yield savings |
| Subscription | Monthly | Certificates of Deposit - Fixed-term investments |
| Subscription | Annual | IRA Accounts - Tax-advantaged retirement savings |
| Subscription | Monthly | Visa Credit Cards - Multiple card options |
| Subscription | Monthly | Personal Loans - Unsecured debt consolidation loans |
| Subscription | Monthly | Business Checking Accounts |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels6 records
Community Credit Union product offering
Product offeringCore offering
Community Credit Union is a member-owned, not-for-profit credit union that offers personal and business banking products to its members. Its core offerings include checking and savings accounts, consumer loans, mortgages, credit cards, and merchant services, delivered through branches, ATMs, and Fiserv-powered online and mobile banking channels.
Product overview
Community Credit Union is a member-owned, federally insured credit union offering a comprehensive suite of personal and business banking products. Founded in 1955, it operates as a division of Rockland Federal Credit Union following a merger completed February 26, 2026, with plans to rebrand as Arise Financial in August 2026. The core personal banking products include Statement Savings, Free Checking, Kasasa Cash Checking (rewards checking up to 2.00% APY), Kasasa Cash Back Checking (2% cash back), NOW Checking, Money Market Accounts (up to 3.55% APY), Certificates of Deposit, and Individual Retirement Accounts (Traditional, Roth, SEP, SIMPLE). Credit card offerings span multiple tiers: Visa Classic, Platinum, Pivot (credit building), Vivid (low-interest with intro rates), Vivid with Rewards, Signature with Rewards, and Business cards. Home loans and HELOCs are originated through Rockland Federal Credit Union. Business banking encompasses Free Business Checking, Business Plus Checking, Business Premium Checking, Business Money Market, Non-Profit Money Market, commercial real estate loans, commercial loans, business lines of credit, business auto loans, merchant services via Paystri, SEP and SIMPLE IRAs, and Business Online Banking. Convenience services include Online and Mobile Banking with remote deposit capture, Zelle P2P payments, Bill Pay, a Budgeting Tool, Telephone Banking, Direct Deposit, Wire Transfers, Night Deposit Boxes, free Notary Services, Currency Exchange, and Check Reordering. Educational resources include free quarterly FICO Scores, Financial Calculators, and the Charles and Betty Demakis Memorial Scholarship. Insurance is provided through NCUA (up to $250,000) and MSIC (excess deposits).
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Checking Accounts Transaction accounts for individual members to deposit funds, make payments, write checks, and access debit card services. Designed for personal/household daily banking needs.
- Personal Savings Accounts Interest-bearing deposit accounts for individual members to accumulate savings, with member-owned cooperative benefits.
- Consumer Loans Personal installment loans for members to finance purchases, consolidate debt, or meet other borrowing needs.
- Mortgages Home purchase and refinance mortgage products for individual members buying or refinancing residential property.
- Credit Cards Revolving credit card accounts issued to individual members for everyday spending and credit access.
- Business Banking Deposit and credit products tailored for small business members, including business checking and related services.
- Merchant Services Card acceptance and payment processing services for member businesses that need to process customer debit and credit card transactions.
Quantifiable outcome
- Deposits insured in full through NCUA and MSIC
- +1 more outcomes
Companies that use Community Credit Union
Customer profileSegments4 records
Ideal customer profiles2 records
Community Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
Feature5 records
Community Credit Union partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Rockland Federal Credit UnioncoreDefinitive merger agreement where Community Credit Union will merge into Rockland Federal Credit Union, operating as a division of RFCU. Pending NCUA and Massachusetts Division of Banks approval and member vote. Expected completion by March 31, 2026. The combined entity will have nearly $3.6 billion in assets and serve more than 200,000 members across 12 branches. CCU will continue operating under its brand initially.
- Demakis Law OfficesminorLegal counsel representing Community Credit Union in the merger transaction with Rockland Federal Credit Union.
- Charles and Betty Demakis Memorial ScholarshipminorAnnual scholarship program established in memory of Charles Demakis (founding board member) and Betty Demakis. Provides two annual scholarships ($2,000 first award, $1,000 second award) for high school students entering 4-year colleges.
Scale indicators4 records
Recent moves8 records
Expansion highlights5 records
Community Credit Union competitors and assessment
Company assessmentDirect peers
- Rockland Federal Credit Union (Arise Financial): Community Credit Union's merger partner and now parent entity operating as a division. The two combined to serve 200,000+ members across 12 Massachusetts branches with ~$3.6B in assets, making it the most direct peer and now the same institution.
- Metro Credit Union: Massachusetts-based community credit union serving the Greater Boston area with consumer and business banking. Directly comparable to CCU in charter type, member-owned model, and Massachusetts regional focus.
- Digital Federal Credit Union (DCU): One of the largest credit unions in Massachusetts and New Hampshire with a nationwide digital footprint. Provides a directly comparable member-owned credit union offering consumer and business banking products.
- St. Mary's Bank: New Hampshire-based member-owned credit union serving individuals and businesses in the broader New England region. Comparable member-owned cooperative model with similar product offerings.
Regional players
- Salem Five Bank: Massachusetts-headquartered community bank with branches north of Boston, including Lynn and Peabody markets. Competes with CCU for the same Essex County retail and small business banking customers.
- East Cambridge Savings Bank: Massachusetts-based community bank serving the Greater Boston and North Shore regions. Comparable consumer and business banking focus with similar local relationship-based model.
- Cambridge Savings Bank: Massachusetts-based community bank with consumer and business banking operations across Greater Boston including the North Shore. Comparable in regional footprint and SMB focus.
- Enterprise Bank: Massachusetts-headquartered community bank with strong presence in the Merrimack Valley and North Shore regions. Competes with CCU for local business banking customers.
- Reading Cooperative Bank: Massachusetts-based community bank serving the North Shore and Greater Boston area. Comparable local deposit and small business lending focus.
- Berkshire Bank: Massachusetts-based regional bank with consumer and business banking operations across New England. A broader competitor operating in similar geographies with overlapping product offerings.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Community Credit Union social profiles
Digital presenceCommunity Credit Union compliance and trust
Trust signalCompliance2 records
Community Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
Community Credit Union leadership team
Management profileNumber of profiles
Community Credit Union funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Community Credit Union 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 Community Credit Union
What does Community Credit Union do?
Community Credit Union is a member-owned, not-for-profit credit union that offers personal and business banking products to its members. Its core offerings include checking and savings accounts, consumer loans, mortgages, credit cards, and merchant services, delivered through branches, ATMs, and Fiserv-powered online and mobile banking channels.
Is Community Credit Union a public or private company?
Community Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Community Credit Union founded?
Community Credit Union was founded in 1955. It employs 11 to 50 people.
Where is Community Credit Union based?
Community Credit Union is headquartered in Lynn, United States, in the North America region.
How does Community Credit Union make money?
Three revenue lines are on record. Net Interest Income is the primary driver. The others are fee Income and merchant Services Revenue.
Who are Community Credit Union's main competitors?
Direct peers on record are Rockland Federal Credit Union (Arise Financial), Metro Credit Union, Digital Federal Credit Union (DCU) and St. Mary's Bank. Regional players are Salem Five Bank, East Cambridge Savings Bank, Cambridge Savings Bank, Enterprise Bank, Reading Cooperative Bank and Berkshire Bank.
Does Community Credit Union have an API?
No public API is recorded for Community Credit Union.
What industry is Community Credit Union in?
Community Credit Union's product category is Retail Banking. 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 6022.