Chattanooga Area Schools Federal Credit Union

Name

Chattanooga Area Schools Federal Credit Union

Legal name

Chattanooga Area Schools Federal Credit Union

Website

https://www.casfcu.com/

Company type

Private

Operating status

Operating

Ownership category

akta.pro rank

Product category

Credit Union / Retail Banking

NAICS

Credit Unions (52213)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Employer/Occupational Credit Unions (FSABAEAB)

Keywords

• Credit union services
• Consumer lending products
• Savings accounts
• School employee banking
• Member-owned financial cooperative

Headquarters

HQ city

Chattanooga

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

Revenue model

1. Interest Income from Loans: Generates revenue through interest charged on lending products including auto loans, mortgages, signature loans, and boat/RV loans. Offers competitive APR rates such as 5.99% for home mortgages, 4.50% for auto loans, and 10.25% for signature loans.
2. Deposit Account Fees and Services: Earns fee income from savings accounts, share certificates, and IRA accounts. Provides free notary service as a member benefit.
3. Member Services: Revenue from membership services and account-related fees

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels1 record

Core offering

Chattanooga Area Schools Federal Credit Union is a member-owned financial cooperative providing banking products and services to school employees in the Chattanooga area. Its portfolio includes savings accounts, share certificates, IRA accounts, and a range of consumer loan products (auto, boat/motorcycle/RV, mortgage, and signature loans), supported by online/mobile banking, payroll deduction, overnight ACH, and free notary service.

Product overview

Chattanooga Area Schools Federal Credit Union operates as a member-owned financial cooperative offering a comprehensive suite of banking products. The portfolio includes membership accounts, multiple loan products (auto loans at 4.50% APR fixed, boat/motorcycle/RV loans, mortgage loans starting at 5.99% APR fixed, and signature loans at 10.25% APR fixed), and savings products (regular savings accounts, share certificates, and IRA accounts). Convenience services round out the offering with online and mobile banking, overnight ACH transfers, payroll deduction, and free notary service. The institution serves its membership base through both digital channels and physical branch locations.

Differentiator

Problem solved

Functional benefit

Products and services

• Membership Credit union membership for employees of Chattanooga area schools, providing access to savings accounts, loans, and other financial services at competitive rates.
• Auto Loans New and used auto loans for purchasing vehicles from dealers or individuals, with pre-approval options available. Features a 4.50% APR fixed rate.
• Boat, Motorcycle & RV Loans Financing options for recreational vehicles including boats, motorcycles, and recreational vehicles.
• Mortgage Loans Fixed rate home mortgage loans with rates starting at 5.99% APR, subject to credit criteria and conditions.
• Signature Loans Unsecured personal loans with a fixed rate of 10.25% APR for members needing flexible financing.
• Savings Accounts Primary savings accounts for members to deposit and grow funds with competitive rates.
• Share Certificates Term deposit accounts offering fixed rates for funds saved over specified periods.
• IRA Accounts Individual Retirement Accounts for long-term retirement savings with tax advantages.
• Online & Mobile Banking Digital banking platform enabling members to access accounts, manage finances, and conduct transactions online via web and mobile applications.
• Overnight ACH Electronic funds transfer service for processing automated payments and deposits outside standard business hours.
• Payroll Deduction Direct deposit service allowing employers to automatically deposit member paychecks into their accounts.
• Free Notary Service Complimentary notary services for members needing documents notarized.

Quantifiable outcome

• 5.99% APR available on fixed rate home mortgage loans
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Chattanooga Area Schools (Employer Partner)coreChannel Partner/ Reseller/ DistributorSelect Employer Group (SEG) partnership with local schools in the Chattanooga area allowing school employees to become credit union members. Enables payroll deduction services for convenient member banking.

Scale indicators1 record

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• BECU (Boeing Employees Credit Union): Large not-for-profit credit union that originated from a single employer's employees and now operates a multi-SEG charter. Comparable as a reference example of how an SEG credit union can scale beyond its founding employer group via field-of-membership expansion.
• Truist Financial Corporation: Large national bank with significant Tennessee branch coverage including Chattanooga. Comparable as a broad incumbent offering the full consumer banking suite (checking, savings, mortgages, auto loans, digital banking) that competes head-to-head for the credit union's target members.
• First Horizon Bank: Large Tennessee-headquartered commercial bank with a deep Chattanooga-area retail and small-business presence. Comparable as the dominant regional incumbent competing for the same educator deposits, mortgages, and consumer loans the credit union targets.
• Navy Federal Credit Union: Large federally chartered credit union serving a defined employer/military group. Comparable because it operates the same federal credit union charter and offers an overlapping consumer suite (auto loans, mortgages, savings, digital banking) at vastly larger scale.

Direct peers

• Schools Financial Credit Union: California-based credit union serving school employees and education-related Select Employee Groups. Comparable because it targets the same educator member base through SEG partnerships, with overlapping auto, mortgage, and consumer lending products.
• ORNL Federal Credit Union: Tennessee-based federal credit union with an employer-group membership model that includes education and public-sector workers. Comparable as a regionally focused SEG credit union operating in the same state with overlapping consumer deposit and loan products.
• SchoolsFirst Federal Credit Union: California-based federal credit union serving K-12 school employees and education-sector groups under the same Select Employer Group model. Closely comparable because it shares the educator-SEG focus, federal charter, and member-owned cooperative structure, though operating at materially larger scale.

Regional players

• Eastman Credit Union: Tennessee-headquartered credit union serving a broader SEG beyond education. Comparable as a regional Tennessee credit union competing for similar consumer deposits and loans, though its field of membership is wider and includes manufacturing and corporate groups.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks4 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Chattanooga Area Schools Federal Credit Union