PFCU

What PFCU does

PFCU (Precision Federal Credit Union) is a federally chartered, not-for-profit, member-owned cooperative founded in 1953 and headquartered in Keene, New Hampshire, where it operates from a single branch. Its field of membership encompasses approximately 1,850 members drawn from 31 select employer groups (including Timken/MPB Corporation, C&S Wholesale Grocers, and Samson Manufacturing), residents of Tanglewood Estates, and members of the Cheshire County Fish and Game Club; prospective members join by purchasing a $5 par-value share.

The credit union's product set spans share draft (checking) accounts, regular share savings, share certificates (CDs), IRAs, vehicle loans, first mortgages, HELOCs, personal loans, and insurance delivered through a TruStage partnership. Technology is delivered entirely through third-party integrations rather than proprietary systems: online and mobile banking with bill pay powered by Allied Payment Network, surcharge-free ATM access via the Co-op Financial Services network spanning 30,000+ locations, and EMV chip debit cards. As of 2019, the credit union reported over $18 million in member savings and capital.

Revenue is generated primarily through net interest spread on loans (APR ranges of 4.74% on first mortgages to 18% on unsecured personal loans) versus deposit costs (0.01%-3.557% APY), supplemented by modest transaction fees ($3 cashier's checks and money orders, $5 non-member notary). The go-to-market motion is community-led, relying on word-of-mouth referrals, employer-group partnerships, and local reputation for accessible, low-fee banking rather than digital acquisition channels. Digital presence is limited to a website and Facebook page.

Name

PFCU

Legal name

Precision Federal Credit Union

Website

https://www.tspcu.org

Company type

Private

Founded year

1953

Operating status

Operating

Headcount range

1–10 employees

Short description

PFCU is a nonprofit organization that offers lending, insurance, banking, financial guidance, and solutions to individuals.

Ownership category

akta.pro rank

Product category

Credit Union / Retail Banking

NAICS

Credit Unions (522130)

SIC

Savings Institution, Federally Chartered (6035), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Community Development Credit Unions (CDCUs) (FSABAEAC)

Keywords

• Retail banking services
• Consumer lending products
• Credit union membership
• Savings and deposits
• Personal financial services

Headquarters

HQ city

Keene

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income on Loans: PFCU generates primary revenue through interest charged on loans including vehicle loans, mortgages, personal loans, HELOCs, and other credit products. Rates are risk-based, determined by credit score and loan type, ranging from approximately 4.74% APR for best-tier vehicle loans to 18% for unsecured lines of credit. Interest income is the core earnings driver that enables the credit union to offer favorable rates and dividends to members.
2. Share Certificate (CD) Deposits: Members deposit funds into share certificates (CDs) with terms of 3 months to 3 years, earning dividends. The credit union uses these deposits to fund loans, with current APYs ranging from 0.551% (3-year) to 3.557% (3/6-month), generating spread income.
3. Fee Income: Various service fees including $3.00 per cashier's check, $3.00 per money order, $5.00 per document for non-member notarizations, and potential fees on other services. These represent secondary revenue streams that supplement interest income.
4. TruStage Insurance Products Referral: As a participating member of TruStage Insurance, PFCU provides access to insurance products (home, life, auto, health) and receives referral/commission benefits from this partnership. Precision FCU is not an affiliate of TruStage but acts as a distribution channel for their products.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Precision Federal Credit Union (PFCU) is a federally chartered, not-for-profit member-owned credit union providing personal banking and lending products to its members in the Keene, NH area. Its core offerings include deposit products (checking/share draft, regular savings, share certificates/CDs, IRAs, and club accounts) and a lending portfolio spanning vehicle, motorcycle, recreational vehicle, personal, debt consolidation, HELOC, and residential mortgage loans, supported by online/mobile banking, bill pay, debit card, wire transfer, cashier's check, money order, and notary services.

Product overview

Precision Federal Credit Union (PFCU) is a federally chartered, not-for-profit credit union offering a comprehensive suite of financial products and services. The core product portfolio centers on deposit products (Checking/Share Draft, Savings/Regular Share, Savings Club Accounts, Share Certificates/CDs, and Individual Retirement Accounts/IRAs) and lending products (Vehicle Loans, Motorcycle Loans, Recreational Vehicle Loans, Personal Loans, Debt Consolidation Loans, Home Equity Lines of Credit, and Residential Mortgages). These are supported by a digital banking platform (Online & Mobile Banking with Bill Pay via Allied Payment Network), ancillary services (Debit Card, Direct Deposit, Wire Transfers, Bank/Cashier's Checks, Money Orders, Notary Services, and Electronic Funds Transfer), and insurance/add-on products (TruStage Insurance and Route 66 Extended Warranty). The products operate as an integrated banking ecosystem where membership (achieved through a $5 share purchase) unlocks access to all products, and deposit products fund the lending portfolio, with digital banking serving as the primary access channel.

Differentiator

Problem solved

Functional benefit

Products and services

• Checking (Share Draft) A no-fee checking account with no minimum balance requirement for PFCU members, accessible via debit card anywhere a credit card is accepted, with overdraft protection of up to six transfers per month from the primary share account.
• Savings (Regular Share) A regular savings account opened with a $5 minimum deposit representing a share of ownership in the credit union, earning tiered dividends depending on balance. The $5 balance must be maintained to retain membership.
• Savings Club Account Specialty purpose savings accounts including a Vacation Club (balance automatically transferred in June) and a Christmas Club (balance automatically transferred in November), with recurring or automatic deposits.
• Share Certificates (CDs) Term deposit accounts offered in 3-month, 6-month, 1-year, 2-year, and 3-year terms with fixed dividend rates, monthly dividend calculation and crediting, and a $500 minimum deposit. Certificates renew automatically with a 10-day grace period.
• Individual Retirement Accounts (IRAs) Traditional and Roth IRA products helping members save for retirement, with deposits available via payroll deduction or automatic transfer from checking or savings accounts.
• Debit Card A debit card linked to the checking (share draft) account with an embedded EMV chip, fraudulent activity monitoring, and surcharge-free ATM access through the Co-op network, accepted anywhere a credit card is accepted.
• Online & Mobile Banking A remote banking platform enabling members to view account details, transfer funds between PFCU accounts or to other PFCU members, pay bills electronically, view and print statements, and set up, cancel, or modify recurring payments — available on mobile devices and home computers with no associated fees.
• Bill Pay A free online bill payment service delivered through Allied Payment Network within online banking, allowing members to pay any number of bills, send check payments to family or friends, and set up automatic or recurring payments; available to members enrolled in online banking with a share draft account.
• Vehicle Loan Financing for new or used vehicles with same-day loan decisioning. New vehicle terms extend up to 7 years; used vehicle terms extend up to 6 years for vehicles up to 10 years old or up to 5 years for vehicles over 10 years old. Optional Route 66 Extended Warranty coverage is available.
• Motorcycle Loan Financing for new or used motorcycles with same-day loan decisioning. New motorcycle terms extend up to 6 years; used motorcycle terms extend up to 5 years.
• Recreational Vehicle Loan Financing for recreational vehicles including snowmobiles, ATVs, boats, campers, and tractors, with same-day loan decisioning. Maximum loan terms range from 4 years for snowmobiles/ATVs/Jet Skis to 10 years for motor homes and campers exceeding $30,000.
• Debt Consolidation Loan An unsecured loan offered at a competitive fixed rate, providing a set amount of funds for general use with each payment applied toward paying off the balance, designed to consolidate higher-interest-rate credit card payments into one payment.
• Personal Loan Both unsecured personal loans (general loans up to 30 months, vacation loans Oct 1–Mar 31, holiday loans Apr 1–Sep 30, and open lines of credit on a 30-month term) and share-secured loans using existing share accounts as collateral, allowing members to borrow up to 100% of available savings with funds continuing to earn dividends.
• Home Equity Line of Credit (HELOC) A revolving line of credit using the member's home as collateral, with a maximum loan limit of $150,000, adjustable interest rate based on the prime rate (with a lifetime cap of 6%), maximum 80% LTV, up to 20-year term with a 10-year draw period, no annual fee, and all closing costs paid by PFCU.
• Residential Mortgage First mortgages with fixed or adjustable rates (terms up to 15 years, up to 80% LTV without PMI) and second mortgages (closed-end, fixed rate, maximum $50,000, up to 15-year term, up to 80% LTV). First mortgages (excluding mobile homes) use secondary market underwriting and documents.
• TruStage Insurance Products Insurance products (home, life, auto, and health) available to members through a partnership with TruStage, providing potential savings on coverage.
• Route 66 Extended Warranty Mechanical breakdown coverage for all makes and models of automobiles, providing comprehensive protection against unexpected mechanical problems for vehicle owners.
• Wire Transfer Wire transfer service to anywhere in the United States and internationally, excluding countries prohibited by the U.S. Government, with specific instructions provided for routing through Eascorp Federal Credit Union.
• Bank/Cashier's Check Guaranteed checks drawn on the credit union's own funds and signed by a cashier, with each check subject to a $3.00 fee. PFCU guarantees the funds rather than the purchaser.
• Money Order Guaranteed checks accepted readily worldwide, traceable if lost or stolen, and accompanied by receipts for tracking expenditures, subject to a $3.00 fee per money order.
• Notary Services Notary Public Service offered at no cost to all PFCU members; a $5.00 per document fee applies for non-members.
• Direct Deposit Electronic transfer of funds directly into a member's account, offering speed (up to two days faster than paper checks), safety, and convenience, using routing number 211789301.
• Electronic Funds Transfer (EFT) Electronic money transfer capability enabling transfers between accounts, including bill payments through the Online Home Banking Bill Pay system to accounts elsewhere, friends, family, or regular monthly expenses such as utility bills.

Quantifiable outcome

• Grown from $27,000 in savings/capital (1953) to over $18 million (2019)
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• TruStage InsurancecoreGTM or Marketing PartnerTruStage Insurance is a participating partner with Precision FCU, offering members access to insurance products including home, life, auto, and health insurance. Precision FCU acts as a distribution channel, informing members of available TruStage products through branch materials and website. PFCU is not an affiliate of TruStage but receives referral/commission benefits from member enrollments. The partnership provides additional value to members beyond core banking services.
• Co-op Financial Services (ATM Network)coreTechnology or IntegrationCo-op Financial Services provides the surcharge-free ATM network access for PFCU members, enabling access to over 30,000 ATMs nationwide without surcharge fees. This integration allows PFCU to offer competitive ATM access comparable to larger financial institutions while maintaining community credit union operations.
• Allied Payment NetworkcoreTechnology or IntegrationAllied Payment Network provides the online bill payment system integrated into PFCU's online banking platform. This technology partnership enables the 'Bill Pay' feature allowing members to schedule and pay bills, send check payments to anyone, and manage recurring payments—all through the credit union's online banking interface at no cost.
• NCUA (National Credit Union Administration)coreOthersNCUA is the independent federal agency that administers the National Credit Union Share Insurance Fund (NCUSIF), which insures member deposits up to at least $250,000 per individual depositor. PFCU is federally chartered and examined annually by NCUA, as well as by independent auditors regulated by NCUA. This regulatory relationship ensures credit union safety and soundness.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Triangle Credit Union: New Hampshire-based community credit union serving select employer groups and community members with deposit and loan products. Most comparable in scale, geographic focus, and SEG-based field of membership to PFCU.
• Northeast Credit Union: New Hampshire-headquartered community credit union (formerly New Hampshire Federal Credit Union) offering consumer banking, lending, and mortgage products. Directly comparable as a NH-chartered community credit union.
• Members First Credit Union of NH: Community credit union operating in the same New Hampshire market with consumer banking, lending, and member-owned cooperative structure. Closely comparable in mission and regional focus to PFCU.

Regional players

• St. Mary's Bank: Manchester, NH-based credit union and the first chartered credit union in the United States. Operates a broader NH footprint with full-service consumer and business banking, serving as a larger regional analog to PFCU.
• Service Credit Union: New Hampshire-headquartered credit union originally serving Pease Air Force Base employees, now operating across NH and beyond with a similar select-employee-group origin. Comparable mission with significantly larger scale than PFCU.
• Mascoma Bank (Mascoma Savings Bank): New Hampshire community bank offering deposit, mortgage, and consumer lending with a relationship-based community focus. Comparable as a small NH-based community financial institution serving similar geographies.
• Claremont Savings Bank: New Hampshire community savings bank offering consumer deposit, mortgage, and lending products. Comparable as a NH community-focused depository institution operating in a similar regional market.
• Granite State Credit Union: New Hampshire-headquartered credit union serving state employees and community members with full-service banking and lending. Comparable in NH market focus and member-owned cooperative structure.

Broad incumbents

• TDBank (TD Bank, N.A.): Large North American retail bank with significant branch presence in New Hampshire. Serves overlapping consumer deposit and lending needs but operates at far greater scale and as a for-profit institution.

Others

• Allied Payment Network: Third-party bill pay technology provider integrated into PFCU's online banking platform. Relevant as a core operational partner, not a direct competitor, but critical to PFCU's digital service delivery.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/PrecisionFederalCreditUnion
• LinkedInlinkedin.com/company/precision-federal-credit-union

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 PFCU