University of Toledo Federal Credit Union
University of Toledo Federal Credit Union is a federally chartered, member-owned credit union founded in 1964 that provides retail banking, consumer lending, and digital banking services to University of Toledo students, faculty, staff, and their families in Toledo, Ohio.
- Company typePrivate
- Founded1964
- HeadquartersToledo, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What University of Toledo Federal Credit Union does
University of Toledo Federal Credit Union (UTFCU) is a federally chartered, member-owned credit union founded in 1964 and headquartered in Toledo, Ohio. It provides retail banking and consumer lending services to students, faculty, staff, and families of the University of Toledo, operating under NCUA regulation as a not-for-profit cooperative. The product set spans checking, savings, and money market deposit accounts, plus a full consumer lending suite: auto loans (up to 110% financing, terms up to seven years, with optional Mechanical Repair Coverage and GAP protection), HELOC and home loans, fixed-rate personal loans, student loans (with Sallie Mae partnership for extended financing), motorcycle loans, and Visa credit cards carrying Zero Liability fraud protection.
Digital delivery is anchored by the IT'S ME 247 online banking platform and a mobile application on iOS and Android, supplemented by MACO (Multiple Authentication Convenience Options), SSL 128-bit encryption, and biometric identity verification (retina/iris, fingerprint, voiceprint, and facial geometry) for fraud prevention. Members also access approximately 5,000 shared branching locations nationwide for physical cash and account services. A new branch office was announced in 2024 to deepen local service capacity.
Revenue is generated primarily through net interest spread on the loan and deposit book, interchange income from Visa card transactions, ancillary fees (account maintenance, transaction fees), and partnership-driven economics from co-marketed products. Non-banking member benefits are delivered through partnerships with GreenPath (financial wellness), SimpliSafe (home security), American Income Life (insurance), and GrooveCar (auto shopping). Greg Cook serves as President & CEO. Revenue, asset size, and member counts are not publicly disclosed.
University of Toledo Federal Credit Union firmographics
Firmographics- Name
- University of Toledo Federal Credit Union
- Legal name
- University of Toledo Federal Credit Union
- Website
- https://uoftfcu.com
- Company type
- Private
- Founded year
- 1964
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- University of Toledo Federal Credit Union is a federally chartered, member-owned credit union founded in 1964 that provides retail banking, consumer lending, and digital banking services to University of Toledo students, faculty, staff, and their families in Toledo, Ohio.
- Ownership category
- akta.pro rank
University of Toledo Federal Credit Union industry classification
Industry- Product category
- Retail Banking
- NAICS
- Credit Unions (52213), Credit Unions (522130)
- SIC
- Personal Credit Institutions (6141), Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- Student/University Credit Unions (FSABAEAJ)
- akta.pro secondary industry
- Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)
Keywords
Where University of Toledo Federal Credit Union is headquartered
LocationHeadquarters
- HQ city
- Toledo
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
University of Toledo Federal Credit Union business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- Loan Interest Income: Interest income from auto loans, home loans (including HELOCs), personal loans, student loans, and Visa credit cards. Up to 110% financing offered for auto loans.
- Deposit Interest Spread: Interest earned on member deposits including checking, savings, and money market accounts
- Fee-based Services: Various service fees including account maintenance, transaction fees, and optional product fees such as Mechanical Repair Coverage and GAP insurance on auto loans
- Visa Credit Card Transaction Fees: Interchange income from Visa credit card transactions processed through the credit union
Go-to-market motion1 record
Distribution channels7 records
Marketing channels6 records
University of Toledo Federal Credit Union product offering
Product offeringCore offering
University of Toledo Federal Credit Union is a member-owned, not-for-profit financial cooperative offering retail banking products and services including checking, savings, money market accounts, Visa credit cards, and a full suite of consumer loans (auto, home/HELOC, personal, student, motorcycle). Services are delivered through branch locations, online banking (IT'S ME 247), a mobile app, and a shared branching network.
Product overview
University of Toledo Federal Credit Union offers a comprehensive suite of banking products and services through a unified credit union platform. Core offerings include checking and savings accounts (including money market), a full range of lending products (auto loans, home loans/HELOC, personal loans, student loans, motorcycle loans), and Visa credit cards. Digital banking is delivered through IT'S ME 247 Online Banking platform and mobile applications for iOS and Android. Additional services include shared branching network access, LoanPay for online payments, car shopping through Groovecar partnership, and financial wellness resources through GreenPath partnership. The credit union also provides investment and insurance products through partnerships including American Income Life and SimpliSafe home security.
Differentiator
Problem solved
Functional benefit
Products and services
- Checking Accounts
- Savings Accounts
- Money Market Accounts
- Auto Loans
- Home Loans
- Personal Loans
Companies that use University of Toledo Federal Credit Union
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles1 record
University of Toledo Federal Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature5 records
University of Toledo Federal Credit Union partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- GreenPath Financial WellnesscorePartnership provides financial wellness services including debt counseling, credit scores review, and financial counseling to UTFCU members. Members can access GreenPath services through the credit union's website with partner-specific enrollment.
- VisacoreCredit card partnership providing Visa credit cards to members with fraud protection through Visa Zero Liability Policy. Cards feature low APR rates and spending flexibility.
- Sallie MaecoreStudent loan partnership through Sallie Mae providing education financing options to UTFCU members. Access provided through the credit union's student loans page.
- SimpliSafeminorHome security partnership offering UTFCU members a free home security camera plus two free months of 24/7 professional monitoring ($150 value) with purchase of a new SimpliSafe system.
- American Income LifeminorInsurance partnership providing $3,000 Accidental Death & Dismemberment (AD&D) benefit at no cost to eligible members. Additional optional insurance coverage available for members and their families.
- GrooveCarminorAuto shopping partner providing car shopping services to members through the GrooveCar platform for vehicle purchases and financing.
Scale indicators1 record
Recent moves7 records
Expansion highlights4 records
University of Toledo Federal Credit Union competitors and assessment
Company assessmentBroad incumbents
- SoFi: Digital-first bank explicitly targeting college students and young professionals with checking, savings, lending, and student loan refinancing. Increasingly direct competition for UTFCU's younger member cohort.
- BECU: One of the largest U.S. credit unions, offering the same deposit, lending, and digital banking products as UTFCU but at significantly greater scale and geographic reach. Relevant incumbent for benchmarking.
- Chase Bank: National retail bank with deep presence in Toledo and aggressive student/young-adult banking products. Broad incumbent competing for the same University of Toledo community members.
Direct peers
- Alliant Credit Union: Online-focused credit union with a broad membership base and digital banking experience. Comparable product offerings in checking, savings, lending, and credit cards targeting members nationwide.
- Digital Federal Credit Union: Tech-forward credit union offering online and mobile banking, lending, and deposit products nationally. Comparable digital-first delivery model and broad retail product suite that competes for the same digitally-engaged members.
- University of Michigan Credit Union: University-affiliated credit union serving the University of Michigan community. Direct comparable on membership base (students, faculty, staff, alumni) and full-stack retail banking offerings.
- Connexus Credit Union: Online-first credit union offering full-service retail banking, lending, and credit cards to members nationwide. Comparable digital channel strategy and product breadth aimed at digitally native members.
- Wright-Patt Credit Union: Large Ohio-based federal credit union serving a defined employer/affiliation community. Highly comparable single-field-of-membership credit union model with similar deposit, lending, and digital banking offerings in the same regional market.
- SchoolsFirst Federal Credit Union: Large credit union serving educators and school employees, operating a community-based membership model similar to UTFCU's employer/affiliation charter. Comparable product suite including deposits, auto loans, and Visa credit cards.
- Purdue Federal Credit Union: University-affiliated federal credit union serving Purdue's community with deposit accounts, lending, and credit cards. Direct comparable on member composition (students, faculty, staff, alumni) and product mix.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
University of Toledo Federal Credit Union social profiles
Digital presenceUniversity of Toledo Federal Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
University of Toledo Federal Credit Union leadership team
Management profileNumber of profiles
Profiles1 record
University of Toledo Federal Credit Union funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
University of Toledo Federal 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 University of Toledo Federal Credit Union
What does University of Toledo Federal Credit Union do?
University of Toledo Federal Credit Union is a member-owned, not-for-profit financial cooperative offering retail banking products and services including checking, savings, money market accounts, Visa credit cards, and a full suite of consumer loans (auto, home/HELOC, personal, student, motorcycle). Services are delivered through branch locations, online banking (IT'S ME 247), a mobile app, and a shared branching network.
Is University of Toledo Federal Credit Union a public or private company?
University of Toledo Federal Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was University of Toledo Federal Credit Union founded?
University of Toledo Federal Credit Union was founded in 1964. It employs 1 to 10 people.
Where is University of Toledo Federal Credit Union based?
University of Toledo Federal Credit Union is headquartered in Toledo, United States, in the North America region.
How does University of Toledo Federal Credit Union make money?
Four revenue lines are on record. Loan Interest Income is the primary driver. The others are deposit Interest Spread, fee-based Services and visa Credit Card Transaction Fees.
Who are University of Toledo Federal Credit Union's main competitors?
Broad incumbents on record are SoFi, BECU and Chase Bank. Direct peers are Alliant Credit Union, Digital Federal Credit Union, University of Michigan Credit Union, Connexus Credit Union, Wright-Patt Credit Union, SchoolsFirst Federal Credit Union and Purdue Federal Credit Union.
Does University of Toledo Federal Credit Union have an API?
No public API is recorded for University of Toledo Federal Credit Union.
What industry is University of Toledo Federal Credit Union in?
University of Toledo Federal Credit Union's product category is Retail Banking. Its primary akta.pro industry code is FSABAEAJ, Student/University Credit Unions, with a secondary code of FSAKAAAL, Bank & Credit Union Personal Loans (Unsecured Installment). Its NAICS code is 52213 and its SIC code is 6141.