Adirondack Regional FCU

What Adirondack Regional FCU does

Adirondack Regional Federal Credit Union is a member-owned, federally chartered community credit union (NCUA-insured, deposits guaranteed to $250,000) founded in 1947 by veterans of Sunmount Veterans Hospital and headquartered at 280 Park Street, Tupper Lake, NY. It operates three full-service branches in Tupper Lake, Plattsburgh, and Potsdam, serving more than 7,000 members across Clinton, Essex, Franklin, and select St. Lawrence County areas in Northern New York. As of 2022 the institution reported approximately $81M in total assets and is led by President and CEO Basel Farhat (appointed October 2024), with Brian Dukett as Board Chair and a senior team of two VPs and branch/lending officers across the three locations.

Name

Adirondack Regional FCU

Legal name

Adirondack Regional Federal Credit Union

Website

https://adkcreditunion.com

Company type

Private

Founded year

1947

Operating status

Operating

Headcount range

1–10 employees

Short description

Adirondack Regional Federal Credit Union is a member-owned, federally chartered community credit union serving more than 7,000 residents and small businesses across Northern New York through three branches, providing personal and commercial deposit, lending, and digital banking services.

Ownership category

akta.pro rank

Product category

Community Credit Union / Retail Banking

NAICS

Credit Unions (52213), Credit Unions (522130)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Military & Veterans Credit Unions (FSABAEAI)

akta.pro secondary industry

Community Development Credit Unions (CDCUs) (FSABAEAC)

Keywords

• Community credit union
• Consumer banking services
• Small business lending
• Mortgage and consumer loans
• Veteran banking programs

Headquarters

HQ city

Tupper Lake

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: Primary revenue stream from interest charged on loans including mortgages, auto loans, personal loans, and business loans. As a credit union, profits are returned to members through better rates and lower fees.
2. Fee-based Services: Various banking services including some account fees, loan origination fees, and other traditional banking fees. The credit union emphasizes low fees and has eliminated some fees entirely.
3. Share Certificate Investments: Deposit products (similar to CDs) where members invest money for fixed terms, with the credit union using those funds for lending. Current special offering earns 3.00% APY.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Adirondack Regional FCU is a federally chartered community credit union that provides retail and small business banking products to members across Northern New York. Its core offerings include free personal checking and savings accounts, a full range of consumer and vehicle loans, mortgages and home equity products, business checking and commercial lending, share certificates/IRAs, HSAs, and a Visa rewards credit card. The credit union delivers these products through three local branches, a mobile banking app, online banking with Zelle and QuickBooks/Quicken integration, and access to 30,000+ fee-free ATMs through the Co-Op network.

Product overview

Adirondack Regional Federal Credit Union operates as a community-based credit union offering a comprehensive suite of financial products and services through a unified banking platform. The core offerings include personal and business checking/savings accounts, a full range of loan products (personal loans, auto loans, mortgages, home equity, business loans), and credit cards. The digital banking platform integrates online and mobile banking with member benefits including bill pay, Zelle® peer-to-peer payments, QuickBooks/Quicken accounting integration, and money transfer capabilities. The institution also provides financial counseling services and credit report review assistance. A major technology upgrade is planned for September 2026, introducing a new mobile banking app, Tap-to-Pay debit cards, and redesigned statements alongside a simplified brand name to Adirondack Federal Credit Union.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts

Quantifiable outcome

• Loan portfolio grew 5% and net worth increased 7.5% in 2022
• +4 more outcomes

Named customers15 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Adirondack FoundationminorStrategic or Co-development Partner · 24 July 2023Partnership with Adirondack Foundation hosting entrepreneur support panels alongside ANCA and AEDC. Focus on helping entrepreneurs gain financing and knowledge necessary to start and grow businesses.
• Adirondack North Country Association (ANCA)minorStrategic or Co-development Partner · 24 July 2023Non-profit partner in entrepreneur support panel focused on business ownership, home ownership, and access to capital for building generational wealth.
• Adirondack Economic Development Council (AEDC)minorStrategic or Co-development Partner · 24 July 2023Non-profit partner in entrepreneur support panel helping entrepreneurs gain access to capital and training necessary to launch businesses.
• Co-Op Financial ServicescoreTechnology or IntegrationCo-Op network partnership providing members access to over 30,000 fee-free ATMs across all 50 states. This allows members to withdraw money anywhere in the country without surcharge fees, addressing the common myth that credit unions have limited ATM access.
• Early Warning Services (Zelle)coreTechnology or IntegrationPartnership with Zelle enabling members to send and receive money directly between bank accounts. Zelle is integrated into the credit union's online and mobile banking platforms. Over 100 million people are enrolled with Zelle, enabling transfers even to those who don't bank at Adirondack Regional FCU.
• Tupper Lake Veterans of Foreign Wars (VFW)minorStrategic or Co-development PartnerAdirondack Regional FCU contributed to the Tupper Lake VFW, strengthening the relationship with the veteran community. This aligns with the credit union's Veterans Loan Benefit Program and commitment to supporting veterans.

Scale indicators10 records

Recent moves13 records

Expansion highlights6 records

Broad incumbents

• Sunmark Credit Union: New York state-chartered credit union headquartered in Latham with branches across the Capital Region and beyond, offering a comparable suite of deposit and lending products with materially greater scale.
• AmeriCU Credit Union: Large New York state-chartered credit union serving members across Upstate NY with a similar consumer/small business banking suite, providing scale and product breadth that Adirondack Regional FCU cannot match.
• CAP COM Federal Credit Union: Albany-based federal credit union serving New York's Capital Region and surrounding areas with consumer and business banking products that compete for similar Upstate NY member relationships.
• Empower Federal Credit Union: Major New York credit union (formerly SEFCU) headquartered in Syracuse with multi-billion dollar assets and broad Upstate membership, offering comparable deposit, lending, and digital banking products at much greater scale.

Direct peers

• Champlain National Bank: Community bank serving Clinton and Essex counties in Northern New York, competing for the same local consumer and small business banking relationships as Adirondack Regional FCU in its core market.
• Community Bank, N.A. Large community bank headquartered in Canton, NY with extensive North Country branch presence, competing directly with Adirondack Regional FCU for consumer deposits, mortgages, and small business lending across Clinton, St. Lawrence, and Franklin counties.
• Adirondack Bank: Community bank historically based in Saranac Lake, NY serving the Adirondack region with deposit and lending products that overlap directly with Adirondack Regional FCU's North Country footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/adkcreditunion
• LinkedInlinkedin.com/company/adirondack-regional-fcu

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Adirondack Regional FCU