Crosspoint Federal Credit Union
Crosspoint Federal Credit Union was a Connecticut-based member-owned credit union that merged into Nutmeg State Financial Credit Union on December 1, 2025, forming a combined organization serving 63,000+ members with $850 million in assets across 12 Connecticut branches.
- Company typePrivate
- Founded1935
- HeadquartersHamden, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Crosspoint Federal Credit Union does
Crosspoint Federal Credit Union was a member-owned, not-for-profit financial cooperative operating in Connecticut. Effective December 1, 2025, Crosspoint FCU merged into Nutmeg State Financial Credit Union, the surviving entity, forming a combined organization serving more than 63,000 members with $850 million in assets across 12 Connecticut branch locations including an on-campus site at Southern Connecticut State University. The merged credit union is CDFI certified and federally insured by the NCUA up to $250,000 per deposit.
Crosspoint Federal Credit Union firmographics
Firmographics- Name
- Crosspoint Federal Credit Union
- Legal name
- Nutmeg State Financial Credit Union
- Website
- https://crosspointfcu.org
- Company type
- Private
- Founded year
- 1935
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Crosspoint Federal Credit Union was a Connecticut-based member-owned credit union that merged into Nutmeg State Financial Credit Union on December 1, 2025, forming a combined organization serving 63,000+ members with $850 million in assets across 12 Connecticut branches.
- Ownership category
- akta.pro rank
Crosspoint Federal Credit Union industry classification
Industry- Product category
- Retail Banking
- NAICS
- Credit Unions (52213), Credit Unions (522130), Credit Card Issuing (522210)
- SIC
- Savings Institutions, Not Federally Chartered (6036)
- akta.pro primary industry
- Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)
- akta.pro secondary industries
- Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL), Credit Cards & Revolving Credit (FSABAAAC)
Keywords
Where Crosspoint Federal Credit Union is headquartered
LocationHeadquarters
- HQ city
- Hamden
- HQ country
- United States
- HQ region
- North America
Offices12 records
Markets served
Crosspoint Federal Credit Union business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Interest Income: Primary revenue source from interest earned on loans including auto loans, mortgages, home equity loans, personal loans, and credit cards. Interest rates vary by product type and member creditworthiness.
- Fee Income: Various service fees including loan processing fees, account maintenance fees, ATM fees, and other banking service charges.
- Investment Income: Income from investment portfolio of deposits held, generating returns on the credit union's asset base.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | Variable rate products based on member qualifications and creditworthiness |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Crosspoint Federal Credit Union product offering
Product offeringCore offering
Member-owned, not-for-profit credit union providing retail and business banking services to Connecticut residents and businesses. Core offerings include checking accounts, savings accounts, certificates of deposit, mortgage loans, auto loans, home equity loans (HELOC), personal loans, credit cards, business banking, insurance products, and digital banking through mobile and online channels. After merging with Nutmeg State Financial Credit Union effective December 1, 2025, the combined organization serves over 63,000 members with $850 million in assets across 12 Connecticut branch locations.
Product overview
Crosspoint Federal Credit Union was a member-owned, not-for-profit financial cooperative that has merged with Nutmeg State Financial Credit Union. Effective December 1, 2025, the merged organization operates under Nutmeg State Financial Credit Union, serving over 63,000 members with $850 million in assets across Connecticut. The merged entity offers banking products including checking, savings, certificates, mortgages, auto loans, personal loans, credit cards, and business banking services, with digital banking capabilities via mobile app.
Differentiator
Problem solved
Functional benefit
Products and services
- Checking Accounts
- Savings Accounts
- Certificates of Deposit
- Mortgage Loans
- Auto Loans
- HELOC (Home Equity Line of Credit)
- Credit Cards
- Business Banking
- Business Loans
- Smart E-Loans
- Digital Banking
- Insurance Products
- DMV Express
Quantifiable outcome
- Combined organization serving 63,000+ members with $850 million in assets
Companies that use Crosspoint Federal Credit Union
Customer profileSegments2 records
Ideal customer profiles2 records
Crosspoint Federal Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Crosspoint Federal Credit Union partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Southern Connecticut State UniversitycoreOn-campus branch location at Southern Connecticut State University Adanti Student Center providing financial services to university students, faculty, and staff.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Crosspoint Federal Credit Union competitors and assessment
Company assessmentDirect peers
- Connex Credit Union: Connecticut-headquartered community credit union serving similar geographies and member segments with comparable deposit, lending, and business banking products. Closest direct analog as a similarly sized CT-based cooperative financial institution.
- Achieve Financial Credit Union: Connecticut-based credit union offering similar consumer and business banking products to overlapping regional membership. Comparable cooperative model, product breadth, and Connecticut footprint.
- Connecticut State Employees Credit Union: CT-based credit union serving a defined member group with full banking and lending products. Comparable cooperative structure and Connecticut footprint, competing for overlapping consumer deposit and loan demand.
- Sikorsky Financial Credit Union: Connecticut-based credit union with overlapping geographic footprint and similar consumer/mortgage/business banking product mix. Directly comparable as a regional cooperative serving CT residents and employers.
- Members First Credit Union of Connecticut: Connecticut-based member-owned cooperative financial institution with comparable consumer banking and lending offerings. Directly comparable on geography, structure, and product breadth.
- CorePlus Credit Union: Connecticut community credit union offering deposit and consumer lending products to similar geographic segments. Comparable in scale and cooperative structure, competing for overlapping CT member base.
Broad incumbents
- TD Bank (Connecticut presence): Large national bank with significant Connecticut branch density offering consumer deposits, mortgages, and business banking. Competes directly for the same CT consumer and SMB relationships, but at substantially greater scale.
- Chelsea Groton Bank: Connecticut community bank offering consumer deposits, mortgages, and business banking across eastern CT. Comparable as a regional depository institution serving overlapping geographies and customer types, but operating as a bank rather than cooperative.
- Liberty Bank: Connecticut-headquartered community bank operating a broader retail and commercial banking franchise across the state. Comparable as a CT-rooted deposit-taking institution serving similar consumer and SMB segments, but with a wider portfolio and larger scale.
Emerging players
- Alliant Credit Union: Large digital-first credit union competing for the same consumer deposit and personal lending relationships via online and mobile channels. Comparable on product set, but operates without geographic constraints and at much larger scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Crosspoint Federal Credit Union social profiles
Digital presenceCrosspoint Federal Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
Crosspoint Federal Credit Union leadership team
Management profileNumber of profiles
Profiles1 record
Crosspoint Federal Credit Union funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Crosspoint 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 Crosspoint Federal Credit Union
What does Crosspoint Federal Credit Union do?
Member-owned, not-for-profit credit union providing retail and business banking services to Connecticut residents and businesses. Core offerings include checking accounts, savings accounts, certificates of deposit, mortgage loans, auto loans, home equity loans (HELOC), personal loans, credit cards, business banking, insurance products, and digital banking through mobile and online channels. After merging with Nutmeg State Financial Credit Union effective December 1, 2025, the combined organization serves over 63,000 members with $850 million in assets across 12 Connecticut branch locations.
Is Crosspoint Federal Credit Union a public or private company?
Crosspoint Federal Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Crosspoint Federal Credit Union founded?
Crosspoint Federal Credit Union was founded in 1935. It employs 1 to 10 people.
Where is Crosspoint Federal Credit Union based?
Crosspoint Federal Credit Union is headquartered in Hamden, United States, in the North America region.
How does Crosspoint Federal Credit Union make money?
Three revenue lines are on record. Interest Income is the primary driver. The others are fee Income and investment Income.
Who are Crosspoint Federal Credit Union's main competitors?
Direct peers on record are Connex Credit Union, Achieve Financial Credit Union, Connecticut State Employees Credit Union, Sikorsky Financial Credit Union, Members First Credit Union of Connecticut and CorePlus Credit Union. Broad incumbents are TD Bank (Connecticut presence), Chelsea Groton Bank and Liberty Bank. Alliant Credit Union is listed as an emerging player.
Does Crosspoint Federal Credit Union have an API?
No public API is recorded for Crosspoint Federal Credit Union.
What industry is Crosspoint Federal Credit Union in?
Crosspoint Federal Credit Union's product category is Retail Banking. Its primary akta.pro industry code is FSABAEAA, Community Credit Unions (Retail/Consumer Focus), with a secondary code of FSAKAAAL, Bank & Credit Union Personal Loans (Unsecured Installment). Its NAICS code is 52213 and its SIC code is 6036.