Providence Federal Credit Union

What Providence Federal Credit Union does

Providence Federal Credit Union is a federal credit union operating as a division of Consolidated Federal Credit Union, a member-owned, not-for-profit financial cooperative chartered in 1962 and headquartered in Milwaukie, Oregon with a principal office at 9205 SW Barnes Road, Portland. The institution serves a defined field of membership comprising employees of Providence Health and its subsidiaries, UDW (United Drivers and Workers) members, staff of EyeHealth Northwest and The Portland Clinic LLP, family members of existing members, and individuals who live, work, worship, own a business, or attend school in eight Oregon and Washington counties (Multnomah, Washington, Clackamas, Columbia, Hood River, Yamhill, Clark, and Skamania). It is NCUA-insured and operates under the trade names Providence Credit Union (PCU), Consolidated Community Credit Union (CCCU), and CCCU Cascade.

The credit union delivers a full-service retail and small-business banking platform across deposit products (Apex Checking at up to 4.75% APY, Ascent Checking, Base Checking, Primary Savings, Holiday Savings, Money Market, CDs, IRAs), consumer lending (auto, personal, credit builder, RV, motorcycle, boat, bicycle, ATV/UTV), a comprehensive mortgage center (30-year and 15-year fixed, jumbo, FHA, VA, USDA, physician, first-time home buyer, HELOC, home equity loan), small-business banking (Business Checking, Premium Business Checking, business lines of credit, business credit cards, commercial real estate loans), and Visa consumer and business credit cards. The technology stack is third-party-built: a standard digital banking platform with mobile apps (iOS and Android, including a dedicated CCCU credit card app), mobile check deposit, Zelle, card controls, and digital wallet support, supplemented by the CO-OP Shared Branch network providing access to 5,000+ branches and 30,000+ surcharge-free ATMs nationwide, and a Total Merchant Concepts partnership for business payment processing.

Revenue is generated primarily through net interest income on the loan portfolio (mortgages, consumer, business, and credit card), supplemented by transaction fees (overdraft transfers at $3.00, excess transaction fees), and deposit account economics. The go-to-market model is community-led, anchored by employer-group relationships and a formal Realtor Network partnership channel for mortgage originations, supported by branch-based service, content marketing through a blog and resource center, and member-referral dynamics. The credit union employs between 11 and 50 staff and does not publicly disclose financial performance.

Name

Providence Federal Credit Union

Legal name

Consolidated Federal Credit Union

Website

https://providencecu.org

Company type

Private

Founded year

1962

Operating status

Operating

Headcount range

11–50 employees

Short description

Providence Federal Credit Union is a not-for-profit, member-owned federal credit union founded in 1962, serving Providence Health employees, select employer groups, and Oregon/Washington county residents with deposit products, consumer and mortgage lending, and small-business banking.

Ownership category

akta.pro rank

Product category

Retail Banking / Credit Union Services

NAICS

Credit Unions (52213), Credit Unions (522130)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

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

Keywords

• Retail banking services
• Consumer lending
• Mortgage lending
• Credit union services
• Business banking

Headquarters

HQ city

Milwaukie

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 from Loans: Primary revenue from interest charged on mortgage loans, consumer loans, business loans, and credit cards. Includes various loan products: conventional mortgages, FHA loans, VA loans, USDA loans, jumbo loans, physician loans, auto loans, personal loans, HELOCs, business lines of credit, and business credit cards.
2. Fee-Based Services: Various banking fees including overdraft protection transfers ($3.00 per transfer), transaction fees over limits, and other standard banking fees disclosed in their fee schedule.
3. Deposit Account Services: Savings accounts, checking accounts, money market accounts, CDs, IRAs generating income through prudent investment of member deposits.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Providence Federal Credit Union is a not-for-profit, member-owned federal credit union providing deposit accounts, consumer and mortgage lending, credit cards, and business banking products to Providence Health employees, UDW members, and residents of specified Oregon and Washington counties. The institution operates physical branches, a digital banking platform, and participates in the CO-OP Shared Branch network. Revenue is generated from interest on loans, deposit account services, and banking fees.

Product overview

Providence Federal Credit Union (PCU) operates as a diversified financial services credit union offering a comprehensive portfolio of banking products organized across personal banking, business banking, and mortgage lending. The personal banking suite includes tiered checking accounts (Apex, Ascent, and Base Checking) with the Apex account offering up to 4.75% APY, multiple savings vehicles (Primary Savings, Holiday Savings, Money Market, CDs, and IRAs), and consumer lending including auto loans, personal loans, credit builder loans, and specialty vehicle financing (RVs, motorcycles, boats, ATVs, bicycles). The business banking division provides Business Checking (standard and Premium tiers), Business Lines of Credit, and Business Credit Cards (Visa Signature Rewards, Visa Clear, Visa Classic). The mortgage center offers conventional and jumbo mortgages (30-year and 15-year fixed rates), government-backed programs (FHA, VA, USDA), physician-specific loans, and home equity products (HELOC and home equity loans). All products are supported through online and mobile banking platforms with Zelle integration, shared branch/ATM access through CO-OP network, and Visa debit/credit cards with digital wallet support. The credit union targets members who work for Providence Health, UDW, EyeHealth Northwest, The Portland Clinic, or residents of specified Oregon and Washington counties.

Differentiator

Problem solved

Functional benefit

Products and services

• Apex Checking Account High-yield personal checking account offering up to 4.75% APY on balances up to $20,000 for individual members who meet direct deposit, eStatement, monthly login, and debit transaction requirements; 0.25% on amounts over $20,000.
• Ascent Checking Account Personal checking account earning over 50x the national average APY on balances up to $20,000 with monthly direct deposit; no monthly fee or minimum balance requirements.
• Base Checking Account Basic personal checking account with no monthly fee, no minimum balance, opened with a $5 minimum deposit.
• Primary Savings Account Membership savings account earning 0.20% APY on balances $100-$4,999.99 and 0.30% APY on $5,000+; opened with a $5 deposit and $100 minimum to earn dividends.
• Holiday Savings Account Seasonal savings account paying dividends on balances of $100 or more, opened with a $5 minimum deposit.
• Money Market Account Savings account with tiered interest rates for higher balances, providing liquidity with competitive yields.
• Certificates of Deposit Term deposit accounts offering fixed interest rates for set periods for members seeking predictable returns.
• Individual Retirement Accounts Tax-advantaged retirement savings accounts including Traditional and Roth IRA options for individual retirement planning.
• First-Time Home Buyer Savings Account Oregon state tax-advantaged savings account for first-time homebuyers offering up to $6,125 (single) / $12,245 (joint) in annual state tax subtraction.
• 30-Year Fixed Mortgage Fixed-rate 30-year mortgage at 6.375% interest rate (6.605% APR) for primary residence purchases.
• 15-Year Fixed Mortgage Fixed-rate 15-year mortgage at 5.750% interest rate (5.972% APR) for faster payoff.
• FHA Loan Federal Housing Administration-backed mortgage with lower down payment requirements for eligible borrowers.
• VA Loan Veteran Affairs mortgage program for eligible military service members and veterans.
• USDA Loan Rural development home loan program offering no down payment financing for eligible rural-area borrowers.
• Jumbo Mortgage Mortgage for loan amounts exceeding conforming limits, currently at 6.999% (investment) and 7.236% APR.
• Physician Home Loan Specialized mortgage program for medical professionals featuring flexible underwriting tailored to physician income and debt profiles.
• Home Equity Line of Credit (HELOC) Revolving credit line secured by home equity with a 3.99% APR promotional rate for the first 12 months and variable rate thereafter based on Prime.
• Home Equity Loan Fixed-rate loan secured by home equity for large purchases or debt consolidation.
• Auto Loan Vehicle financing for new and pre-owned automobiles with competitive rates for personal members.
• RV/Motorhome/Camper Loan Recreational vehicle financing for motorhomes, campers, and travel trailers.
• Motorcycle Loan Financing for new and pre-owned motorcycles and powersports vehicles.
• Boat Loan Marine vessel financing for boats and personal watercraft.
• Bicycle Loan Financing for bicycles including electric bikes and mountain bikes.
• ATV/UTV Loan All-terrain and utility terrain vehicle financing.
• Personal Loan Unsecured installment loan for personal expenses with fixed rates and terms.
• Credit Builder Loan Loan designed to help members establish or rebuild their credit history.
• Visa Signature Rewards Credit Card Rewards credit card earning 1 point per dollar spent with 11.40-15.90% variable APR, no annual fee, redeemable via CURewards.
• Visa Clear Credit Card Fixed-rate credit card at 11.95% APR with no annual fee, no balance transfer fee, and no cash advance fee.
• Visa Classic Credit Card Variable rate credit card from 10.40-17.90% APR for everyday purchases.
• Business Checking Account Business deposit account with $100 minimum opening, 75 free monthly transactions, and overdraft protection available.
• Premium Business Checking Account Business checking with $5,000 average balance requirement, 300 transactions, and a $10 monthly fee if requirement not met.
• Business Line of Credit Revolving business credit line with Preferred rate of 11.95% APR or Standard 13.95% APR for working capital.
• Business Credit Card Business credit card product supporting business spending and cash flow needs for SMB members.
• Business Auto Loan Vehicle financing for business-owned vehicles.
• Commercial Real Estate Loan Commercial real estate loan products for owner-occupied and investment properties.
• Youth Account Savings account for children and teenagers with parental controls to support early financial education.
• Debit Card Visa debit card with EMV chip, contactless tap, and digital wallet compatibility for purchases and ATM access.
• Business Savings Account Business savings account for SMB deposits.
• Business Certificates Term deposit products for businesses seeking fixed-rate returns on idle cash.

Quantifiable outcome

• Checking accounts pay over 50 times the national average rate (Ascent Checking APY vs. 0.06% FDIC national average)
• +2 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

Integration5 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• CO-OP Credit Union Shared Branch NetworkcoreTechnology or IntegrationPCU is part of the CO-OP Shared Branch network, giving members access to 5,000+ shared branches and 30,000+ surcharge-free ATMs nationwide. This partnership allows PCU members to conduct transactions at other credit union branches across the country at no additional cost.
• Total Merchant ConceptscoreChannel Partner/ Reseller/ DistributorPCU partners with Total Merchant Concepts to provide comprehensive merchant services for business members. Services include credit card processing, electronic check processing, point-of-sale equipment (card terminals, receipt printers), gift card programs, and check processing with confidence. Features month-to-month service agreements and 24/7 support.
• Realtor Network PartnerscoreGTM or Marketing PartnerPCU maintains a network of preferred realtors in the Portland area including William Gilliland (Windermere), Sue Gomes (John L Scott), Amiee Virnig (Windermere), Sonya Jackson (Windermere Sandy), Tim Walters (Re/Max Equity Group), and Bonnie Roseman (Living Room Realty). These partnerships help home buyers navigate the mortgage process.
• Joint Marketing PartnersminorGTM or Marketing PartnerPCU engages in joint marketing arrangements with financial service providers, investment service providers, and insurance companies as disclosed in their privacy policy. These partnerships help PCU offer comprehensive financial products to members.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• BECU (Boeing Employees Credit Union): Washington-state-headquartered, large employer-based federal credit union serving Boeing and other affiliated employer groups. Closely parallels PCU's employer-anchored FOM and member-owned model at meaningfully larger scale.
• Oregon State Credit Union: Oregon-based community credit union serving select employer groups and geographic communities with deposits, consumer loans, mortgages, and business banking. Highly comparable FOM-style model and product mix, with overlapping geographic reach in the Willamette Valley.
• First Tech Federal Credit Union: Pacific Northwest-headquartered federal credit union serving technology and healthcare-affiliated employer groups nationally. Highly comparable employer-FOM model, with deeper scale and more sophisticated digital platform.
• Advantis Credit Union: Portland-based community credit union serving residents of Oregon and SW Washington with a similar deposit, mortgage, and consumer lending product set. Directly comparable geographic FOM and member-owned value proposition.
• Rivermark Community Credit Union: Oregon and SW Washington community credit union offering consumer deposits, mortgages, and business banking. Comparable product breadth and member-owned cooperative structure, with overlapping Portland metro footprint.
• Unitus Community Credit Union: Oregon- and Washington-serving community credit union with employer-based and community-based FOMs, full personal and business banking, and mortgage lending. Closely comparable in operating model and target geography.
• OnPoint Community Credit Union: Oregon-headquartered community credit union offering a similar full suite of personal, business, and mortgage products across the Portland metro. Comparable in mission, member-base definition, and product breadth; significantly larger scale, making it the most relevant local benchmark.

Regional players

• iQ Credit Union: Pacific Northwest community credit union (formerly known as IQ Credit Union) offering similar deposit, mortgage, and consumer lending products. Comparable size tier and community-banking positioning, primarily serving SW Washington.
• Sound Credit Union: Pacific Northwest community credit union with personal and business banking products serving Washington and select Oregon markets. Comparable product mix and cooperative model, with primary concentration in the Puget Sound region.

Broad incumbents

• Alliant Credit Union: Large, national digital-first credit union with similar full product set (checking, savings, mortgages, auto, credit cards) and competitive high-yield deposit products. Comparable in product positioning, though national rather than regional in reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/providence-federal-credit-union

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

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 Providence Federal Credit Union