REGIONAL federal credit union

What REGIONAL federal credit union does

REGIONAL federal credit union is a federally chartered, member-owned cooperative financial institution headquartered in Valparaiso, Indiana, serving consumers, educators, small businesses, and youth across Northwest Indiana, with a stated focus on Lake and Porter Counties. Founded in 1961 and operating as a not-for-profit with 11-50 employees, the credit union delivers a full-service retail banking product suite: savings and checking accounts, Visa debit, auto loans (as low as 3.74% APR), personal loans (up to $20,000), mortgages, home equity loans, fixed-rate Visa Platinum credit cards (four tiers from 8.90% to 14.90% APR with no annual fees), business banking, investments, and specialized student/educator loans. Digital capabilities include online banking, a mobile app with mobile check deposit, and online bill pay.

The credit union operates a partner-mediated platform model. Core technology comprises NCUA-compliant banking infrastructure, Visa network integration for debit and credit cards, online and mobile channels, and third-party service integrations that extend the offering without in-house build-out: Savvymoney for credit score monitoring, GreenPath for financial wellness counseling, Member First Mortgage (NMLS 149532) for mortgage origination, Akouba for business loan applications, TruStage for insurance, Brad Werner & Co. for investments, Credit Union Travel for travel services, and GrooveCar for an automotive marketplace. Differentiation rests on fixed-rate (non-teaser) Visa cards, no annual fees on most credit products, a $5 share-purchase membership model, and the Steps Program for credit-rebuilding members. The institution carries a 5-star Bauer financial strength rating (awarded March 2024) and is NCUA-insured with Equal Housing Lender designation.

Revenue is generated primarily through net interest income on the loan portfolio (auto, personal, mortgage, home equity, credit card, business), supplemented by deposit account fees, Visa interchange and credit card fees, and electronic banking service fees. Go-to-market is direct-to-consumer through branches in Valparaiso and Hammond, the COOP shared branching network, digital channels, a $25 Refer-a-Friend program, employer partnerships for workplace banking, and community engagement via donations and sponsorships. As of March 30, 2026, Michael Peters was selected as the new CEO.

Name

REGIONAL federal credit union

Legal name

REGIONAL federal credit union

Website

https://regionalfcu.org

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

11–50 employees

Short description

REGIONAL federal credit union is a federally chartered, member-owned cooperative headquartered in Valparaiso, Indiana, serving consumers, educators, and small businesses across Northwest Indiana with deposits, consumer and auto loans, mortgages, fixed-rate Visa cards, and partner-mediated financial wellness services.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Credit Unions (522130), Credit Card Issuing (522210)

SIC

Savings Institution, Federally Chartered (6035)

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)

Keywords

• Retail banking services
• Consumer lending
• Credit union services
• Mortgage lending
• Small business banking

Headquarters

HQ city

Valparaiso

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, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income from Loans: Primary revenue source from interest charged on auto loans, personal loans, mortgages, home equity loans, credit cards, and business loans. Loan products include competitive fixed and variable rate options.
2. Deposit Account Fees and Charges: Fees from checking accounts, savings accounts, business accounts including monthly maintenance fees, overdraft fees, and transaction fees.
3. Credit Card Interchange and Fees: Revenue from Visa credit card transactions including interchange fees, annual fees (waived on most cards), and penalty fees.
4. Electronic Banking Services: Fees from wire transfers, ATM usage at non-proprietary machines, wire transfers, automatic overdraft transfers, and bill payment services.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

REGIONAL federal credit union is a federally chartered, member-owned credit union providing consumer and small business banking products including savings accounts, checking accounts, Visa debit cards, auto loans, personal loans, mortgages, home equity loans, fixed-rate Visa Platinum credit cards, and business banking services. The credit union also offers digital banking (online and mobile), youth/student programs, credit builder services, and partner-provided insurance, investment, travel, and financial wellness products to its members in Northwest Indiana.

Product overview

REGIONAL Federal Credit Union is a federally chartered credit union headquartered in Valparaiso, Indiana offering a comprehensive suite of financial products and services. The organization operates on a platform-plus-partner model, providing core banking services (Savings, Checking, Visa Debit Cards) alongside lending products (Auto Loans, Personal Loans, Mortgages, Home Equity Loans, Business Lending, Student/Educator Loans, Visa Platinum Credit Cards). Digital banking capabilities include Online and Mobile Banking with mobile deposits and bill pay. The credit union extends its offerings through strategic partnerships, providing TruStage Insurance, GreenPath Financial Wellness counseling, investment services through Brad Werner & Co., and travel services through the Credit Union Travel Club. Youth and student programs include Mighty Moose Kids Club, Teen Accounts (Next Generation), and Student Credit Union. Additional member benefits feature credit-building tools (Steps Program), referral rewards, and access to Savvymoney for credit score monitoring.

Differentiator

Problem solved

Functional benefit

Products and services

• Savings Accounts Traditional savings accounts including Regular Savings and Special Savings with tiered interest rates and minimum balance requirements to earn stated APY, available to credit union members.
• Checking Accounts Share draft (checking) accounts including Checking Plus and First Step Checking with various fee structures and features for individual members.
• Visa Debit Card Check/ATM debit card for point-of-sale purchases, ATM withdrawals, and direct payments, supporting both Visa network and STAR, PULSE, NYCE, COOP, or ACCEL/Exchange networks.
• Online and Mobile Banking Full-featured digital banking platform including mobile app, online bill pay, mobile check deposits, and Home Banking web access that allows members to transfer funds between accounts, pay bills, and access account information remotely.
• Auto Loans Vehicle financing for new and used automobiles with terms up to 72 months (84 months for new autos), financing up to 125% including taxes, title and registration fees; also covers motorcycles, boats, and RVs at rates as low as 3.74% APR.
• Personal Loans Unsecured personal loans up to $20,000 with terms up to 60 months, fixed rates, and set payoff dates, usable for any purpose at rates as low as 11.99% APR.
• Mortgages Home mortgage lending including purchase and refinance options provided through Member First Mortgage partnership, with current special rates at 15 Year Fixed 4.99% / 5.242% APR and 30 Year Fixed 5.375% / 5.613% APR.
• Home Equity Loans Home equity lending products including Home Equity Line of Credit (HELOC) with variable rate based on Prime Rate plus margin, with a 10-year draw period followed by 10-year repayment period; rates starting at 5.25% APR.
• Visa Platinum Credit Cards Fixed-rate credit card family including Visa Platinum Basic (14.90% APR), Visa Platinum (12.90% APR), Visa Platinum Elite (10.90% APR), Visa Platinum Rewards (8.90% APR), and Visa Platinum Basic Secured (14.90% APR), with no annual fees, worldwide purchasing power, Visa fraud protection, and optional cash-back rewards.
• Business Services Business banking products including Business Savings, Business Checking, Business Daily Cash Account, Business Term Share Certificates, and Business Lending, supporting sole proprietorships, partnerships, LLCs, corporations, and non-profit organizations.
• Investments Investment services including IRA Savings, IRA Term Share Certificates, and financial planning through partner Brad Werner & Co.; investments are not NCUA insured.
• Mighty Moose Kids Club Youth savings program for children that encourages financial literacy and savings habits from an early age.
• Teen Accounts (Next Generation) Banking accounts designed for teenagers providing age-appropriate banking features and education.
• Student Credit Union Banking products and services designed for students to help establish financial habits early.
• Steps Program (Credit Builder) Credit builder program for members working to establish good credit standing, providing a second chance path to financial freedom with rates as low as 15.00% APR for qualifying members.
• Student and Educator Loans Specialized loan products for students and educators including New Teacher Transition Loan and Educator Development Loan for teachers in Lake or Porter Counties, Indiana.
• Motorcycle, Boat, and RV Loans Recreational vehicle financing for motorcycles, boats, and recreational vehicles through the credit union's auto loans program.
• TruStage Auto & Home Insurance Insurance products offered through TruStage partnership, providing auto and home insurance options for REGIONAL members.
• GreenPath Financial Wellness Financial wellness counseling and education services available through partnership with GreenPath, offering debt management and housing counseling.
• Visa Gift Cards Prepaid Visa gift cards available for purchase and usable anywhere Visa is accepted.
• AD&D Insurance Accidental Death and Dismemberment insurance offered through partnership, providing additional coverage for members.
• Hospital Accident Plan Hospital Accident Plan (HAP) insurance product available through partnership, offering coverage for accident-related medical expenses.
• Credit Union Travel Club Travel booking services and benefits available through Credit Union Travel Club partnership.
• Love My Credit Union Rewards Rewards program offering discounts and special offers from participating merchants for REGIONAL members.

Quantifiable outcome

• Auto loan rates as low as 3.74% APR
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• TruStage Auto & Home InsurancecoreGTM or Marketing PartnerTruStage Auto & Home Insurance Program offering car insurance and home insurance discounts for REGIONAL members. Insurance products provided through partnership with TruStage.
• Love My Credit Union RewardsminorGTM or Marketing PartnerLoyalty rewards program offering discounts and benefits for credit union members.
• Brad Werner & Co.minorImplementation/ SI/ Consulting PartnerInvestment services partner providing investment products and services to REGIONAL members.
• Credit Union TravelminorGTM or Marketing PartnerTravel services partner offering credit union travel program for members.
• GreenPath Financial WellnesscoreGTM or Marketing PartnerFinancial wellness and counseling services provided through partnership with GreenPath, helping members with credit counseling and debt management.
• SavvymoneycoreTechnology or IntegrationFree credit score and more service integrated into REGIONAL's online banking, providing members access to credit monitoring and financial tools.
• Member First MortgagecoreChannel Partner/ Reseller/ DistributorMortgage services partner (NMLS ID 149532) providing mortgage origination and lending services for REGIONAL members through separate mortgage portal.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• Teachers Credit Union (TCU): Indiana-based credit union with a strong educator-aligned membership heritage. Comparable to REGIONAL's occupational-bond (educator) model and overlapping product suite in consumer lending and Visa credit cards.
• Notre Dame Federal Credit Union: Federally chartered Indiana credit union serving a defined membership base with full consumer banking, lending, and Visa card products. Direct peer by charter type, product set, and regional presence.
• Purdue Federal Credit Union: Indiana-headquartered federal credit union offering consumer deposits, auto loans, mortgages, and credit cards across multiple Indiana markets. Directly comparable product mix and federal charter to REGIONAL.
• Indiana University Credit Union: Indiana-based federal credit union offering consumer deposits, lending, and Visa cards to a defined membership. Directly comparable to REGIONAL on charter type, product mix, and community focus.

Regional players

• Lake City Bank: Indiana-headquartered community bank with strong presence in northern Indiana. Overlaps with REGIONAL's consumer and small business banking offerings in the broader regional market.
• Centier Bank: Indiana-based community bank headquartered in Merrillville serving Northwest Indiana with consumer and business banking. Closest comparable institution by geography and customer profile to REGIONAL's primary market.
• Horizon Bank: Northwest Indiana-headquartered community bank with consumer and business banking across the same regional market as REGIONAL. Comparable customer base and footprint.

Broad incumbents

• First Financial Bank (Indiana): Multi-state regional bank with significant Indiana presence offering consumer and commercial banking. Comparable loan and deposit product set to REGIONAL but broader geographic footprint.
• Alliant Credit Union: Large national digital-first federal credit union offering consumer deposits, auto loans, mortgages, and Visa credit cards online. Comparable to REGIONAL's product set but competes via national digital reach — a strategic benchmark.

Emerging players

• Self-Help Federal Credit Union: Community development federal credit union offering consumer banking, credit-builder products, and small business lending. Comparable to REGIONAL on federal charter, credit-building focus (Steps Program equivalent), and community mission.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/regionalfcu
• YouTubeyoutube.com/channel/UCm5wi8Jo66mAIuWrRwzeRwQ
• Facebookfacebook.com/RegionalFCU
• LinkedInlinkedin.com/company/regional-federal-credit-union
• Instagraminstagram.com/regionalfcu

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 REGIONAL federal credit union