Hopewell Federal Credit Union

What Hopewell Federal Credit Union does

Hopewell Federal Credit Union is a federally chartered, member-owned not-for-profit financial cooperative founded in 1962 (originally as Heath Federal Credit Union) and headquartered in Heath, Ohio. It operates three branches across central Ohio — Heath (main office), Newark, and Johnstown — and serves individuals, families, and small businesses who live, work, worship, or attend school in Licking, Delaware, and Franklin Counties, a field of membership that was expanded to include Delaware and Franklin counties in 2016. The product set spans consumer deposit accounts (regular, interest, and Rebound second-chance checking; savings, money market, share certificates, IRAs, Holiday Club, and youth HUGS/Horizon accounts); consumer and business lending (auto loans and leases, RV/boat/motorcycle, mortgages including a Penny Pincher refinance product, HELOC, fixed-rate equity, personal loans, Hopewell Fast Cash up to $2,000, Visa Platinum and Visa Business credit cards, student loans via LendKey, and business term loans through Cooperative Business Services); and ancillary services such as TruStage insurance and Webb Financial Group investment services.

The technology stack consists of a digital banking platform with redesigned iOS and Android mobile apps (ID 6737418621 and Grip package), member-to-member transfers, merchant-matched transactions, two-step verification, and e-alerts; digital wallet integration with Apple Pay, Google Pay, and Samsung Pay; real-time payment rails via The Clearing House RTP and Federal Reserve FedNow for 24/7 instant deposits; the proprietary MAGIC Line 24-hour telephone banking system; and access to the CO-OP Shared Branching network (5,000+ U.S. locations, ~50 in central Ohio), Alliance One and PULSE surcharge-free ATM networks, and indirect auto-lending through CULA and named local dealer partners.

The business model is a standard community-credit-union cooperative: net interest margin on loans (vehicle, mortgage, unsecured personal, credit card) is the primary economic engine, supplemented by fee income (NSF, overdraft, wire, ATM, deposit-box rental) and offset by interest paid on deposits and share certificates. Earnings are not distributed to outside shareholders but are retained or returned to members through lower loan rates, higher savings yields, six-tier Relationship Pricing rewards, and a $25-both-ways member referral program. Distribution is community-led — three owned branches plus cooperative shared branching and ATM networks, complemented by Special Employee Group partnerships with local employers and direct digital acquisition. Revenue is not publicly disclosed and there is no external equity, parent company, or M&A activity in the record.

Name

Hopewell Federal Credit Union

Legal name

Hopewell Federal Credit Union

Website

https://hopewellfcu.org

Company type

Private

Founded year

1962

Operating status

Operating

Headcount range

11–50 employees

Short description

Hopewell Federal Credit Union is a member-owned, federally chartered credit union founded in 1962, operating three Ohio branches in Heath, Newark, and Johnstown to serve consumer and small-business members across Licking, Franklin, and Delaware Counties through deposit, lending, and digital banking products.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Savings Institutions and Other Depository Credit Intermediation (52218), Credit Unions (522130)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

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

akta.pro secondary industries

Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL), Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)

Keywords

• Consumer banking services
• Personal lending products
• Mortgage financing
• Business banking accounts
• Credit union membership

Headquarters

HQ city

Newark

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Loans: Primary revenue stream from interest charged on various loan products including mortgages, home equity loans, vehicle loans, personal loans, credit cards, and business loans. Rates vary by product type and creditworthiness.
2. Fee-Based Income: Various account and service fees including account closure fees, NSF fees, overdraft privilege fees, wire transfer fees, ATM fees, check printing, safe deposit box rentals, and other transactional fees.
3. Share Certificate and Savings Interest: Interest paid to members on savings accounts, money market accounts, share certificates, and IRA certificates. Rates are tiered based on account balance and term length.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels7 records

Core offering

Hopewell Federal Credit Union is a federally chartered, member-owned not-for-profit financial cooperative that provides consumer and business banking products. Its offerings include deposit accounts (checking, savings, money market, share certificates, IRAs), consumer and business loans (auto, mortgage, home equity, personal, student, business term), Visa credit cards, digital banking services, and ancillary services such as investment planning, insurance, and merchant services for members in Licking, Franklin, and Delaware Counties in Ohio.

Product overview

Hopewell Federal Credit Union is a member-owned financial cooperative offering a comprehensive suite of banking products and services. The core offering centers on deposit accounts (checking, savings, money market, and share certificates) and lending products (personal loans, vehicle loans, mortgages, home equity, business loans, credit cards, and student loans). Digital banking services including online and mobile banking, digital wallets, and real-time payments (RTP/FedNow) support account access. Value-added services include investment planning through Webb Financial, insurance through TruStage, business services, and loyalty programs (Relationship Pricing, Refer a Friend). The credit union operates three Ohio branches in Heath, Newark, and Johnstown, serving members in Licking, Franklin, and Delaware Counties.

Differentiator

Problem solved

Functional benefit

Brands

• Hopewell Visa Credit Card: Credit card product offering low rates, no annual fees, and VISA Rewards points program.
• Hopewell Fast Cash
• Penny Pincher Mortgage
• Check Connect
• HUGS
• Horizon
• MAGIC Line
• Webb Financial Group

Products and services

• Regular Checking Basic checking account with no minimum balance requirement, no monthly fees, and an instant-issue debit card for individual members.
• Interest Checking Interest-bearing checking account that earns dividends when a $1,000 minimum balance is maintained, with unlimited check-writing and no monthly fee when balance requirements are met.
• Rebound Checking Second-chance checking account for members who need to rebuild checking privileges, with a $15 monthly fee and no overdraft availability.
• Savings Account Primary membership share savings account representing partial ownership of the credit union, requiring a $25 opening balance and $50 minimum to earn dividends.
• Money Market Account Tiered savings account with limited check-writing access (3 checks per month), requiring a $2,000 minimum opening deposit and $1,000 minimum balance to avoid service fees.
• Share Certificates (CDs) Certificate of deposit accounts with terms ranging from 3 to 60 months, requiring a $500 minimum opening balance and offering tiered APYs up to 3.75%.
• Holiday Club Account Seasonal savings account that releases funds on October 15 to help members save for holiday expenses throughout the year.
• HUGS Children's Account Savings account designed for children ages 0-12 where deposits earn points toward fun rewards to teach savings habits.
• Horizon Teen Account Account for teens ages 13-18 offering educational planning with 529 accounts, and checking and debit cards available at age 13 with a guardian.
• Individual Retirement Accounts (IRA) Retirement savings accounts including Traditional IRA, Roth IRA, and Educational Coverdell IRA for K-12 and higher education expenses.
• Personal Loan Unsecured loan with fixed rate terms up to 60 months at 10.90% APR, available for debt consolidation, vacation, or home improvement without requiring collateral.
• Share/Certificate Secured Loan Loan borrowed against existing Hopewell savings or Share Certificate funds at low rates, designed to establish or rebuild credit.
• Hopewell Fast Cash Quick loan product of $500 to $2,000 with a 6-month fixed term at 28% APR, providing funds in under 60 seconds with no credit check required to build credit.
• Auto Loan Vehicle financing for new and used vehicles with rates as low as 5.74% APR for new vehicles and 5.99% APR for used, up to 60-month terms, available through an indirect dealer program.
• Auto Lease Lease program offered through Credit Union Leasing of America (CULA) at preferred dealerships, providing lower monthly payments with GAP insurance included.
• RV, Boat, and Motorcycle Loans Recreational vehicle financing with competitive rates and flexible terms for boats, RVs, and motorcycles.
• Auto Loan Refinance

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature4 records

Partnerships

19 partnerships are on record, tiered core and supporting.

• Webb Financial GroupcoreStrategic or Co-development Partner · 1 January 2005Investment services partnership offering retirement planning, insurance, succession planning, and asset management through Edward Leedom, CFP affiliated with LPL Financial. Webb Financial has approximately $160,000,000+ in brokerage and advisory assets under management.
• TruStage InsurancesupportingGTM or Marketing PartnerInsurance products partnership offering life insurance, AD&D insurance, and auto/home insurance programs backed by over 80 years of credit union experience.
• Credit Union Leasing of America (CULA)coreChannel Partner/ Reseller/ DistributorAuto leasing partnership through CULA, the nation's largest indirect credit union leasing program. Provides lease options through preferred dealerships including GAP insurance.
• Byers ImportssupportingChannel Partner/ Reseller/ DistributorPreferred auto dealership partner for leasing program. Part of network of preferred dealers including Coughlin, Crown, John Hinderer, Liberty, Performance, and Lash dealerships.
• Cooperative Business Services (CBS)coreChannel Partner/ Reseller/ DistributorBusiness lending partnership with CBS which specializes in small business lending and helps find loan structures that work best for businesses.
• LendKeysupportingTechnology or IntegrationStudent loan platform partnership providing private student loans and student loan refinancing options through a credit union network.
• CO-OP Shared BranchingcoreChannel Partner/ Reseller/ DistributorShared branching network providing access to over 5,000 locations across the U.S. and nearly 50 branches in central Ohio for deposits, withdrawals, transfers, and loan payments.
• Alliance One ATM NetworksupportingChannel Partner/ Reseller/ DistributorSurcharge-free ATM network providing fee-free access at Alliance One participating credit union ATMs.
• PULSE ATM NetworksupportingChannel Partner/ Reseller/ DistributorNational ATM network enabling surcharge-free withdrawals at PULSE ATMs across the USA.
• The Clearing House (RTP)supportingTechnology or IntegrationReal Time Payment network enabling instant payment processing for member deposits 24/7.
• Federal Reserve (FedNow)supportingTechnology or IntegrationFedNow instant payment service enabling real-time deposits to Hopewell accounts.
• FinetsupportingTechnology or IntegrationMerchant services partnership providing payment processing solutions for business members.
• Coughlin Chevrolet – PataskalasupportingChannel Partner/ Reseller/ DistributorPreferred auto dealership partner for leasing program.
• Crown Chrysler JeepsupportingChannel Partner/ Reseller/ DistributorPreferred auto dealership partner for leasing program.
• John Hinderer Chrysler Jeep Dodge RamsupportingChannel Partner/ Reseller/ DistributorPreferred auto dealership partner for leasing program.
• Liberty Chrysler Jeep Dodge RamsupportingChannel Partner/ Reseller/ DistributorPreferred auto dealership partner for leasing program.
• Performance Chrysler Dodge Jeep RamsupportingChannel Partner/ Reseller/ DistributorPreferred auto dealership partner for leasing program.
• Coughlin Ford of PataskalasupportingChannel Partner/ Reseller/ DistributorPreferred auto dealership partner for leasing program.
• Lash Chevrolet of JohnstownsupportingChannel Partner/ Reseller/ DistributorPreferred auto dealership partner for leasing program.

Scale indicators6 records

Recent moves10 records

Expansion highlights7 records

Direct peers

• KEMBA Financial Credit Union: Columbus, OH-based community credit union serving central Ohio members with a similar full-service consumer and business banking product suite. Direct geographic overlap in the Franklin County market makes it the closest peer for competitive benchmarking.
• CME Federal Credit Union: Columbus, OH-based community credit union serving central Ohio. Similar community-charter model, full-service consumer and business banking, and geographic competition for the same Franklin County member base.
• Pathways Financial Credit Union: Ohio-based community credit union offering a comparable suite of consumer deposits, mortgage, and indirect auto lending. Similar cooperative structure with shared branching participation and community focus.
• Telhio Credit Union: Columbus, OH community credit union offering consumer deposits, mortgage, business lending, and wealth services to central Ohio members. Directly comparable product mix and geographic overlap in the Franklin County corridor.
• Wright-Patt Credit Union: Large Ohio-based community credit union (Beavercreek/Dayton area) with a similarly broad product set and field-of-membership structure. Comparable cooperative model and consumer/mortgage/auto focus, but at meaningfully larger scale.
• Heartland Credit Union: Mid-sized community credit union operating in Ohio with consumer deposits, lending, and digital banking. Comparable scale and product breadth to Hopewell, making it a useful benchmark for operational metrics.

Regional players

• Connexus Credit Union: Wisconsin-based community credit union with a national digital membership option. Similar cooperative ethos and comparable product catalog, but operates primarily in a different geography and competes mainly for digitally acquired members.
• Affinity Plus Federal Credit Union: Minnesota-based community credit union offering a similar member-owned model with consumer deposits, mortgage, and indirect auto lending. Comparable in scale and product breadth, but geographically distinct.

Broad incumbents

• Alliant Credit Union: Large national digital-first credit union with broad membership eligibility and a leading online/mobile platform. Represents the digital-incumbent benchmark Hopewell must compete against for digitally savvy central Ohio members.
• Huntington National Bank: Major regional bank headquartered in Columbus, OH with deep central Ohio retail branch presence. Not a credit union but the dominant incumbent competitor for consumer, mortgage, and small-business banking in Hopewell's footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/hopewellfcu
• LinkedInlinkedin.com/company/hopewellfcu
• Instagraminstagram.com/hopewellfcu
• Xx.com/hopewellfedcu

Compliance2 records

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 Hopewell Federal Credit Union