Fremont Federal Credit Union

What Fremont Federal Credit Union does

Fremont Federal Credit Union (FFCU) is a federally chartered, member-owned financial cooperative founded in 1946 and headquartered at 315 Croghan St., Fremont, Ohio. The institution serves individuals and small businesses whose membership eligibility is geographically restricted to residents, workers, worshippers, volunteers, or students in seven northwest Ohio counties (Sandusky, Ottawa, Seneca, Wood, Hancock, Lucas, and Fulton), plus family members of existing members. FFCU operates 6 full-service branches, 2 drive-thru/ATM sites, and 4 ATM-only locations, supplemented by access to over 5,000 CO-OP Shared Branch sites and the Alliance One surcharge-free ATM network.

The credit union offers a full-service product suite: deposit products (Hi-Lo Checking paying up to 10.47% APY on balances up to $1,500, Regular Interest Checking, Premier Checking for members 50+, Regular Savings, tiered Money Market Savings up to 3.04% APY, Ohio Homebuyer Plus Savings at 7.50% APY, Share Certificates up to 4.21% APY, IRAs, HSAs, youth accounts, and Basic/Business Plus business checking); lending products (purchase and refinance mortgages, HELOCs, construction and bridge loans, auto loans at 4.713%–5.962% APR, RV/boat and powersports loans, signature/vacation/share-secured personal loans, and Visa Platinum/Visa Platinum Rewards credit cards); and protection services (GAP, Route 66 extended warranty, overdraft privilege, debt protection). The technology stack consists of a BankJoy-powered native iOS/Android mobile app (package com.bankjoyapp.fremont), web-based online banking with bill pay and e-statements, modern touchscreen ATMs with tap access, MeridianLink for loan and credit card origination, and the GrooveCar auto-shopping platform.

FFCU's revenue model is a classic credit-union net-interest-margin business combined with transactional and recurring fees. Primary income is interest on the loan portfolio (auto, mortgage, powersports, personal, and credit cards), supplemented by monthly service charges on e-Checking ($5), regular savings ($2 below $100), money market ($5 below $1,000), and business accounts ($10 Basic, $35 Business Plus); transactional fees including $30 overdraft/NSF, $30 credit-card late/payment, $15 card replacement, and $20 wire fees; and penalties on early share-certificate withdrawals. Acquisition is community-led, relying on local brand presence across seven Ohio counties, family-membership referral, area-dealership loan partnerships, and in-branch conversion rather than paid digital marketing; an estimated 11–50 employees support the operation.

Name

Fremont Federal Credit Union

Legal name

Fremont Federal Credit Union

Website

https://fremontfcu.com

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

11–50 employees

Short description

Fremont Federal Credit Union is a member-owned, NCUA-insured cooperative founded in 1946, serving individuals and small businesses across seven northwest Ohio counties with checking, savings, lending, credit-card, and digital-banking products through six branches and a BankJoy mobile platform.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Credit Unions (522130), Depository Credit Intermediation (5221)

SIC

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 industry

Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Retail banking services
• Consumer lending
• Savings accounts
• Credit union services
• Mortgage loans

Headquarters

HQ city

Fremont

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Loans: Primary revenue stream from interest charged on various loan products including auto loans, home loans, personal loans, RV/boat loans, and credit cards. Competitive rates offered to members.
2. Checking and Savings Account Fees: Monthly service fees for certain account types (e.g., $5 service charge for e-Checking, $5 monthly for money market accounts if balance falls below $1,000, $2 monthly for regular savings if balance falls below $100).
3. Share Certificate Early Withdrawal Penalties: Penalty fees for early withdrawal from share certificates: 90 days dividend penalty for terms of 1 year or less, 180 days dividend penalty for terms over 1 year.
4. Overdraft and NSF Fees: Fees charged for overdrafts ($30) and non-sufficient funds ($30), as well as savings transfer to cover checking overdraft ($5).
5. Card and Wire Services: Fees for card replacement (first free, then $15), international ATM transactions (2% foreign currency), incoming and outgoing wire transfers ($20), and other services.
6. Business Account Monthly Fees: Monthly service fees for business accounts: Basic Business $10/month, Business Plus $35/month.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels7 records

Core offering

Fremont Federal Credit Union is a member-owned financial cooperative providing a comprehensive suite of banking products including checking accounts, savings accounts, money market accounts, share certificates, IRAs, auto loans, home loans, RV/boat loans, personal loans, and credit cards. The credit union serves members in seven northwest Ohio counties through six branch offices, multiple ATM locations, and digital banking channels.

Product overview

Fremont Federal Credit Union is a member-owned financial institution founded in 1946, serving the Fremont, Ohio community and surrounding counties. The organization operates as a single-unified credit union providing a comprehensive suite of financial products and services organized into four main categories: Checking & Savings (including Hi-Lo Checking offering up to 10.47% APY, Regular Savings, Money Market Savings, Share Certificates, IRAs, HSAs, and youth accounts like Dollar Dog Kids Club and Cha-Ching Teen Club), Loans (encompassing home purchase and refinance mortgages, HELOCs, construction and bridge loans, auto loans, RV/boat loans, powersports loans, personal loans including signature and vacation loans, and credit cards including Visa Platinum Rewards and Visa Platinum), Digital Banking (featuring online banking, mobile banking app, bill pay, mobile wallet, and e-services), and Member Protection Services (including GAP protection, Route 66 Extended Warranty, Overdraft Privilege, and Debt Protection). The credit union differentiates through competitive rates, local service, and community involvement, operating 6 branch locations and providing extensive ATM access through CO-OP Shared Branch and Alliance One networks.

Differentiator

Problem solved

Functional benefit

Brands

• Dollar Dog Kids Club: Savings club for children 12 and under
• Cha-Ching Teen Club
• Ohio Homebuyer Plus Savings

Products and services

• Hi-Lo Checking High-interest checking account offering up to 10.47% APY on balances up to $1,500 when monthly qualification requirements (12 debit card purchases, one direct deposit, and e-statements) are met. Balances above $1,500 earn 0.00% APY.
• Regular Interest Checking Standard checking account open to anyone over age 18, earning 0.15% APY with a $1,000 minimum daily balance requirement. $5 monthly service charge waived if maintaining $250 daily aggregate balance.
• Premier Checking Interest-earning checking account for members ages 50+ paying 0.35% APY on all funds with no service charge, two free boxes of personalized checks annually, free notary service, and one no-fee money order and official check per month.
• Regular Savings Account Primary savings account with $5 minimum opening deposit, earning 0.15% APY on balances of $100 or more, establishing membership in the credit union. $2 monthly service charge if balance falls below $100.
• Money Market Savings Tiered savings account earning up to 3.04% APY based on balance levels, with $1,000 minimum opening deposit and limited check-writing privileges. Tiers range from 0.00% APY for balances under $1,000 to 3.04% APY for balances of $100,000+.
• Ohio Homebuyer Plus Savings Account Specialized savings account helping members save for their first home with premium interest rates (7.50% APY on balances of $500 or more) and local service, designed for first-time homebuyers in Ohio. $500 minimum to open with monthly dividend payments.
• Share Certificates Fixed-term savings investments with terms ranging from 6 months to 84 months, with minimum deposits starting at $1,000 and rates from 3.85% APY to 4.21% APY. Includes Freedom Certificate option with rate change and additional deposit flexibility. IRA certificates available for terms 6 months or longer.
• Roth IRA Individual retirement account offering tax-free withdrawals at retirement, with contribution limits of $7,000 for those under 50 and $8,000 for those 50+ for the 2025 tax year.
• Traditional IRA Tax-deferred retirement account with potential tax-deductible contributions, with contribution limits of $7,000 for those under 50 and $8,000 for those 50+ for the 2025 tax year.
• Basic Business Checking Checking account for small businesses with low transaction volumes, featuring free online and mobile banking, free bill pay, and domestic wire transfer services. Monthly fee of $10.
• Business Plus Checking Checking account for established businesses with higher checking activity, offering comprehensive business banking services. Monthly fee of $35.
• New & Used Auto Loan Vehicle loans for new and used automobiles, trucks, and vans with rates as low as 4.713% APR for 36-month terms based on 730+ credit score. Terms available from 36 to 84 months.
• Home Purchase Mortgage Home mortgage loans for purchasing a home with low closing costs, included escrow, and autopayment options for easier budgeting.
• Home Refinance Mortgage refinancing options to help pay off mortgages sooner, consolidate debt, or lower interest rates with local service and flexible payment plans.
• Home Equity Line of Credit (HELOC) Line of credit using home equity allowing members to borrow as needed, with rates as low as Prime Rate (6.75% APR as of June 2026) and up to 80% LTV. Minimum line of credit $5,000.
• RV & Boat Loan Loans for recreational vehicles and boats with terms up to 240 months and rates as low as 6.405% APR. Based on $100,000 loan amount and 730+ credit score.
• Signature Loan Unsecured personal loan for smaller purchases like furniture and appliances with no collateral required. Rates as low as 10.75% fixed (11.395% APR) for terms up to 60 months.
• Vacation Loan Personal loan for vacation expenses with no payment for 75 days, no collateral needed based on creditworthiness. Available for $2,500-$10,000 with rates as low as 9.49% APR and a $75 processing fee. Valid April 1 - July 18, 2026.
• Share/Certificate Secured Loan Loan secured by savings or certificate of deposit, allowing borrowing up to deposit amount at lower rates, ideal for building or repairing credit.
• Visa Platinum Rewards Credit Card Credit card earning points through the CURewards program with competitive interest rates (13.45%-18.00% APR), no annual fee, and ability to earn cash back.
• Visa Platinum Credit Card Low-interest credit card with rates from 11.45%-18.00% APR, no annual fee, no balance transfer fees, enhanced Visa Secure protection, and mobile wallet capability.
• Dollar Dog Kids Club Savings Savings account for children 12 and under, with no maintenance fee and membership to the Dollar Dog Kids Club, earning 0.15% APY on all balances.
• Cha-Ching Teen Club Savings Savings account for teenagers ages 13-18 earning 0.15% APY on all balances with special access to the Cha-Ching Teen Club.
• Health Savings Account (HSA) Tax-advantaged account for individuals with high-deductible health plans, allowing pre-tax earnings to pay for medical expenses with unused funds rolling over year-over-year.
• Auto Loan Refinancing Refinancing option for members who already have a car and want lower monthly payments with an easy process.
• Construction Loan Financial assistance for building a new house, supporting new construction projects.
• Powersports Loan Loans for motorcycles and ATVs with terms up to 72 months and rates as low as 6.746% APR. Based on $25,000 loan amount and 730+ credit score.

Quantifiable outcome

• High-yield checking account offering up to 10.47% APY on balances up to $1,500
• +3 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core and minor.

• CO-OP Shared BranchcoreTechnology or IntegrationCO-OP Shared Branch network provides Fremont Federal Credit Union members access to over 5,000 shared branch locations nationwide. Through this partnership, members can make deposits, transfers, and account inquiries at any participating credit union location as if they were at their own branch. This significantly extends the credit union's physical presence beyond its local market.
• Alliance One ATM NetworkcoreTechnology or IntegrationAlliance One partnership allows Fremont Federal Credit Union members to use their cards at any Alliance One ATM with the surcharge fee waived. A transaction fee may still be assessed depending on the network used. This partnership enhances the credit union's ATM accessibility across a wider geographic area.
• Area DealershipsminorChannel Partner/ Reseller/ DistributorPartnerships with area dealerships for auto loan originations. The credit union leverages dealer relationships to get members competitive financing rates and streamlined loan processing when purchasing vehicles.

Scale indicators5 records

Emerging players

• SoFi: Digital-first national bank/credit-like platform offering high-yield savings, consumer loans, and mortgages without geographic restrictions. Represents the digital competitive threat pulling primary-banking relationships away from community credit unions.
• Connexus Credit Union: Digital-forward credit union with competitive national deposit and loan products, including high-yield checking and CDs. Represents a digital challenger model that competes with community CUs for digitally-engaged members.

Broad incumbents

• Huntington Bancshares: Large regional bank headquartered in Columbus, Ohio, with a full retail branch network across Ohio competing directly for the same consumer deposits, mortgages, and small business relationships that FFCU targets.
• PNC Financial Services: National bank with significant Ohio retail presence, competing for consumer deposits, mortgages, and credit cards. Larger scale, broader product set, and more sophisticated digital banking capabilities.
• Fifth Third Bank: Major regional bank with deep Ohio retail presence, offering a much broader product portfolio but directly competing for the same consumer and small business banking relationships in FFCU's footprint.

Direct peers

• Wright-Patt Credit Union: Large Ohio-headquartered credit union serving members across the Dayton region and beyond with a similar product mix of checking, savings, mortgages, and consumer loans. Comparable cooperative model and member-owned value proposition, though materially larger in scale.
• Directions Credit Union: Ohio community credit union offering similar full-service consumer and small business banking, including auto loans, mortgages, and credit cards. Comparable in scale, geographic community focus, and member-owned structure.
• Kemba Financial Credit Union: Ohio-based credit union offering deposit accounts, consumer loans, mortgages, and credit cards. Comparable member-owned cooperative model and community-banking orientation.
• Cardinal Credit Union: Ohio-based community credit union with comparable checking, savings, lending, and digital banking offerings. Directly competitive with FFCU in the northwest Ohio consumer banking market.
• CPS Credit Union: Ohio community credit union with overlapping consumer deposit and loan product sets. Similar field-of-membership and community engagement approach.

Market position

Strengths4 records

Weaknesses4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

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 Fremont Federal Credit Union