Vigo County Federal Credit Union

What Vigo County Federal Credit Union does

Vigo County Federal Credit Union is a federally chartered, member-owned credit union headquartered at 126 S 3rd Street, Terre Haute, Indiana, serving individuals within the Vigo County community who meet common-bond membership eligibility. As a not-for-profit financial cooperative regulated by the National Credit Union Administration (NCUA), it returns profits to members through higher savings dividends and lower loan rates rather than distributing them to shareholders. Deposits are NCUA-insured up to $250,000 per account.

The credit union's product portfolio is centered on consumer banking: deposit products include Share Plus Savings, Share Draft Checking (no-fee, dividend-bearing above $2,000), Holiday Club Accounts, Share Certificates (3-month through 5-year terms, $500 minimum), and Individual Retirement Accounts (Deposit IRA, Roth IRA, IRA Share Certificates, Education IRA). Lending products span VISA Classic and Platinum credit cards (11.90% and as low as 9.90% APR respectively), recreational vehicle loans (5.99%–6.99% APR), variable-rate home equity loans pegged to Prime plus 3.000%, closed-end signature loans at 12.00% APR, and pledge loans collateralized by shares or certificates at 3.000% above the pledged account rate. Convenience services include direct deposit and payroll deduction, a youth savings program (Young Members Club), and insurance/investment products delivered through a partnership with truSTAGE.

Revenue is generated primarily through net interest income on the loan portfolio and tiered dividend/interest spread on deposits, supplemented by account fees (e.g., a $10 early Holiday Club closure fee) and affiliate referral revenue from truSTAGE. The technology stack is standard third-party credit union infrastructure: an online banking platform hosted at bsdc.onlinecu.com, a VISA credit card access portal at dxonline.pscu.com, Allied Payment's PortalPay for external loan payments, and a mobile banking application. Distribution relies on a single physical branch in Terre Haute supplemented by the Co-op Credit Unions shared branch network (5,000+ locations nationwide), the Alliance One ATM network, and digital channels. The go-to-market motion is community-led: members are acquired through local presence, member referrals, and online visibility within the defined Vigo County field of membership.

Name

Vigo County Federal Credit Union

Legal name

Vigo County Federal Credit Union

Website

https://vigocountyfcu.org

Company type

Private

Founded year

1935

Operating status

Operating

Headcount range

11–50 employees

Short description

Vigo County Federal Credit Union is a federally chartered, member-owned credit union in Terre Haute, Indiana, serving Vigo County community members with deposit products, consumer loans, credit cards, and IRAs, supplemented by truSTAGE insurance and shared branching network access.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Credit Intermediation and Related Activities (522)

SIC

Savings Institution, Federally Chartered (6035), Personal Credit Institutions (6141)

akta.pro primary industry

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

akta.pro secondary industry

Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Retail banking services
• Consumer lending
• Share savings accounts
• Credit union membership
• Deposit accounts

Headquarters

HQ city

Terre Haute

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income on Loans: Primary revenue stream from interest charged on various loan products including recreational vehicles, home equity loans, signature loans, pledge loans, and credit cards. Rates range from 5.99% APR for new recreational vehicles to 12.00% APR for fixed closed-end signature loans.
2. Account Fees and Service Charges: Fee-based revenue from various account services including potential fees for early Holiday Club Account closure ($10.00 fee to close before November 1), and other service fees outlined in the Schedule of Fees.
3. Third-Party Financial Products: Revenue sharing or referral arrangements with truSTAGE for insurance products (life insurance, auto & home, investment services) and ID protection/credit management services.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Vigo County Federal Credit Union is a member-owned, federally chartered credit union serving Vigo County, Indiana, providing personal banking services that include share savings, share draft checking, share certificates, IRAs, VISA credit cards, recreational vehicle loans, home equity loans, and pledge loans, complemented by digital banking channels (online and mobile) and truStage insurance products.

Product overview

Vigo County Federal Credit Union is a member-owned financial institution offering a comprehensive suite of banking products and services. The core portfolio consists of deposit products (Share Plus Savings, Share Draft Checking, Holiday Club Accounts, Share Certificates, and Individual Retirement Accounts including Deposit IRA, Roth IRA, and Education IRA), loan products (VISA Credit Cards, Recreational Vehicle Loans, Home Equity Loans, and Pledge Loans), and convenience services (Direct Deposit/Payroll Deduction, Online Banking, and Mobile Banking). Insurance products are offered through a truStage partnership. All products operate within a not-for-profit cooperative structure where earnings are returned to members through lower loan rates and higher savings dividends.

Differentiator

Problem solved

Functional benefit

Products and services

• Share Plus Savings

Quantifiable outcome

• Member profits returned through rates higher than typical banks

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• truSTAGEcoreGTM or Marketing PartnertruSTAGE provides life insurance products, auto & home insurance, and investment services to credit union members. Vigo County FCU offers truSTAGE products as part of its service portfolio, providing members with access to insurance and financial planning solutions through a trusted credit union partner.
• Co-op Credit Unions (Shared Branch Network)coreChannel Partner/ Reseller/ DistributorVigo County FCU participates in the Co-op Credit Unions shared branch network, allowing members to conduct transactions at over 5,000 credit union branches nationwide. This partnership extends the credit union's physical service reach beyond its single location.
• Alliance One (ATM Network)minorChannel Partner/ Reseller/ DistributorAlliance One cooperative ATM network provides surcharge-free cash access for credit union members at participating ATMs across the network.
• VISAcoreTechnology or IntegrationVigo County FCU issues VISA credit cards (Classic and Platinum) backed by Verified by VISA fraud protection. The partnership enables secure electronic payments and provides cardholders with VISA's purchase protection and rewards.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Finance Center Federal Credit Union: Indiana-headquartered federal credit union offering checking, savings, loans, and credit cards to a community membership base; similar single-charter cooperative model and product portfolio.
• Purdue Federal Credit Union: Indiana-based federal credit union serving a defined community of eligibility with deposit, lending, and digital banking services; comparable cooperative structure and community-charter model.
• Beacon Credit Union: Indiana-headquartered community credit union offering a similar suite of savings, checking, loan, and IRA products to members across Indiana; directly comparable in geographic footprint and product breadth.
• Heritage Federal Credit Union: Indiana-based community federal credit union serving multiple communities with similar deposit, loan, and shared branching offerings; directly comparable in size, charter, and member-owned cooperative model.

Regional players

• Indiana Members Credit Union: Indiana-based state-chartered credit union serving a broader geographic membership with similar deposit and loan products; comparable business model with a wider regional footprint than Vigo County FCU.
• Scott Credit Union: Mid-size regional credit union headquartered in Illinois with Indiana-adjacent membership and a comparable product mix including recreational vehicle and home equity loans; comparable business model with a larger geographic footprint.

Broad incumbents

• Alliant Credit Union: Large national federal credit union offering a similar full suite of savings, loan, and credit card products to a community of eligibility; broadly comparable product set but materially larger scale.
• Connexus Credit Union: National digital-first credit union offering high-yield savings, checking, and lending products with similar member-owned structure; broadly comparable product mix but operates at significantly larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/vigo-county-federal-credit-union

Compliance1 record

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 Vigo County Federal Credit Union