St. Jean's Credit Union

What St. Jean's Credit Union does

St. Jean's Credit Union is a state-chartered, member-owned cooperative financial institution headquartered at 250 Maple Street in Lynn, Massachusetts. Founded on September 29, 1910 as La Caisse Populaire St. Jean out of St. Jean's Parish in Lynn, it is the oldest state-chartered credit union in America and operates under an NCUA low-income designation with deposit insurance provided jointly by the NCUA and the Massachusetts Share Insurance Corporation (MSIC). Its field of membership is open to anyone who lives or works in Essex, Middlesex, or Suffolk Counties in Massachusetts, along with employees and family members of H.P. Hood LLC and retirees of Revere and Winthrop.

The institution delivers a full-service retail and small-business banking product set across five Massachusetts North Shore branches (Lynn, Salem including a branch and operations center, Revere including the new Wonderland Plaza location, and Newburyport), supplemented by proprietary ATMs, telephone banking, online banking, a mobile banking app, and MeridianLink-powered online account opening. Core personal products include NOW Checking, Wired Checking, Primary Share savings, Money Market and Super Money Market accounts, Vacation and Holiday Club accounts, term certificates and IRAs, credit cards, and a lending suite spanning home financing, home equity, vehicle, personal, and student loans (the latter via Student Choice). Business members access tiered checking (Bronze/Silver/Gold), business savings, cash management, business online/mobile banking, business lending, and commercial real estate financing. Insurance products are distributed through a TruStage/CUNA Mutual partnership.

Revenue is generated primarily through net interest income on the lending book funded by deposits, supplemented by account-related fees (overdraft, ATM, wire, stop payment, safe deposit box, business account maintenance) and referral commissions from TruStage insurance. The go-to-market is direct-to-consumer, with brand building anchored in community involvement, a Charitable Foundation that has donated over $263,000 to local organizations, an annual scholarship program, and 2020 and 2025 "Best Credit Union" recognition from The Salem News. As of October 2025, the credit union reported $380 million in total assets, nearly 19,000 members, and continued pursuit of inorganic growth through merger activity with Greater Salem Employees Federal Credit Union and a previously announced combination with Revere Municipal Employees Federal Credit Union.

Name

St. Jean's Credit Union

Legal name

St. Jean's Credit Union

Website

https://stjeanscu.com

Company type

Private

Founded year

1910

Operating status

Operating

Headcount range

11–50 employees

Short description

St. Jean's Credit Union is a Massachusetts state-chartered, member-owned credit union serving nearly 19,000 individuals, families, students, and small businesses across Essex, Middlesex, and Suffolk Counties through five branches, digital banking, and a full lending and deposit product suite.

Ownership category

akta.pro rank

Product category

Credit Union Banking (Retail Banking)

NAICS

Credit Unions (52213), Credit Unions (522130)

SIC

Personal Credit Institutions (6141), State Commercial Banks (6022)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industries

Faith-Based & Affinity Credit Unions (FSABAEAH), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL), Student/University Credit Unions (FSABAEAJ)

Keywords

• Retail banking services
• Consumer lending
• Deposit accounts
• Business banking
• Mortgage lending

Headquarters

HQ city

Lynn

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: Primary revenue stream from spread between interest earned on loans (mortgages, personal loans, vehicle loans, business loans, home equity, student loans) and interest paid on deposits (checking, savings, money market, certificates)
2. Fee-Based Services: Various account fees including overdraft fees, ATM fees, wire transfer fees, stop payment fees, safe deposit box rentals, and business account maintenance fees
3. Insurance Products: Partnership with TruStage for life insurance, accidental death & dismemberment, auto & homeowners insurance products, generating referral/commission revenue

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

St. Jean's Credit Union is a state-chartered, member-owned credit union providing personal and business banking products and consumer/commercial lending. Its offering spans checking accounts, savings and money market accounts, term certificates and IRAs, credit cards, mortgages, home equity loans, vehicle loans, personal loans, student loans, business checking/savings, cash management, and business lending, delivered through five Massachusetts branches plus online, mobile, ATM, and telephone banking channels.

Product overview

St. Jean's Credit Union is a full-service state-chartered credit union offering a comprehensive suite of banking products. Its core personal banking includes two checking account types (NOW Checking and Wired Checking), multiple savings tiers (Primary Share, Money Market, and Super Money Market), and specialized Club Accounts (Vacation and Holiday). For business members, the credit union provides tiered business checking (Bronze, Silver, Gold), business savings, cash management, and commercial lending. The product portfolio spans consumer lending (home financing, home equity, personal loans, vehicle loans, student loans), business lending, and insurance products through a TruStage partnership. Digital banking is delivered through online and mobile platforms. Additional services include term certificates and IRAs, Skip-a-Payment assistance, financial calculators, deposit insurance, and a charitable scholarship program. The institution operates as a single unified banking platform rather than a modular product suite.

Differentiator

Problem solved

Functional benefit

Products and services

• NOW Checking

Quantifiable outcome

• $380 million in total assets serving nearly 19,000 members
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Salem State UniversitycoreStrategic or Co-development Partner · 24 August 2020St. Jean's Credit Union Charitable Foundation donated $25,000 to fund the Bloomberg Lab at Salem State University Bertolon School of Business, providing 12 Bloomberg Terminals for business student education.
• TruStageminorGTM or Marketing PartnerPartnership with TruStage (CUNA Mutual Insurance Agency) to provide affordable life insurance options including Accidental Death & Dismemberment, Term Life, Whole Life, and Auto & Homeowners Insurance products to members.
• CUNA Mutual InsuranceminorGTM or Marketing PartnerJoint marketing partner for insurance products as disclosed in Privacy Notice. TruStage Life and AD&D Insurance Program is made available by CUNA Mutual Insurance Agency.
• Massachusetts Share Insurance Corporation (MSIC)coreOthersState-chartered credit union deposits additionally insured by MSIC, providing extra layer of insurance coverage beyond standard NCUA $250,000 coverage.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Regional players

• Salem Five Bank: Salem, MA-headquartered community bank with direct branch overlap on the North Shore. Closely comparable geography, community focus, and personal/business banking product mix.
• Middlesex Savings Bank: Massachusetts-headquartered mutual savings bank serving similar North Shore and Middlesex County communities with retail and small-business banking. Comparable as a Massachusetts mutual depository institution.

Broad incumbents

• Cambridge Savings Bank: Massachusetts mutual savings bank with comparable full-suite consumer/business banking and emphasis on local community presence. Comparable as a larger community institution in the same state.
• Rockland Trust (Independent Bank Corp): Massachusetts' largest community bank by assets with extensive North Shore branch coverage. Broad incumbent offering overlapping personal/business banking and lending products.
• Eastern Bank: Massachusetts' largest community bank with deep North Shore presence, offering comparable personal/business banking, mortgages, and wealth services from physical branches and digital channels. Comparable as a broad- incumbent in the same local market.

Direct peers

• Hanscom Federal Credit Union: Massachusetts-chartered federal credit union serving defined member groups with a comparable range of consumer and business banking and lending products. Directly comparable in size scale and product set.
• Cape Cod 5 (The Cooperative Bank of Cape Cod): Massachusetts-headquartered community bank/county-cooperative style institution focused on personal and small-business banking. Comparable for member-oriented, community-anchored operating model in Massachusetts.
• Workers Credit Union: Massachusetts-headquartered community credit union with full personal and business banking services, multiple branches, and a comparable cooperative, member-owned model. Direct peer in products, channels, and regulatory structure.
• Reading Cooperative Bank: Mutual community bank headquartered in Reading, MA offering personal/business banking, mortgages, and consumer lending. Comparable asset size, mutual structure, and Greater Boston-area footprint.
• DCU (Digital Federal Credit Union): Massachusetts-based digital-forward credit union offering nationwide membership, full checking/savings/lending suite, and digital-first banking. Highly comparable for product scope, member-owned structure, and digital strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights8 records

Customer concentration

• YouTubeyoutube.com/@stjeanscreditunion
• Xx.com/stjeanscu

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 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 St. Jean's Credit Union