The Cleveland Police Credit Union

Name

The Cleveland Police Credit Union

Legal name

The Cleveland Police Credit Union, Inc.

Website

https://clevepolicecu.com

Company type

Private

Founded year

1938

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Retail Banking / Consumer Lending

NAICS

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

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Employer/Occupational Credit Unions (FSABAEAB)

akta.pro secondary industries

Public Sector & Municipal Credit Unions (FSABAEAK), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Retail banking services
• Credit union lending
• Consumer deposit accounts
• Law enforcement financial services
• Mortgage and auto loans

Headquarters

HQ city

Cleveland

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 on Loans: Primary revenue source from interest charged on various loan products including mortgage loans, home equity loans (HELOC), auto loans, personal loans, and Visa credit cards. Competitive rates offered with Rate Rescue promotion beating competitors' rates.
2. Account and Service Fees: Fees from checking accounts, money market accounts, IRA accounts, investment accounts, and various banking services including wire transfers, official checks, and money orders.
3. ATM and Debit Card Fees: Revenue from ATM transactions including foreign machine charges of 50 cents at Alliance One network ATMs. Surcharge-free ATM access provided through Alliance One cooperative network.
4. Insurance and Financial Planning Services: Revenue from insurance products offered through TRUSTAGE Insurance and financial planning services through Blue Line Financial Services subsidiary.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

The Cleveland Police Credit Union is a member-owned cooperative financial institution offering deposit accounts (savings, checking, money market, IRA, Christmas Club), consumer loans (auto, mortgage, HELOC, personal/signature, boat/RV/motorcycle, student), Visa credit cards, and ATM/debit card services to law enforcement personnel in Ohio and their families. It operates from a single Cleveland, Ohio branch with full digital banking through a Fiserv-powered mobile app and Financial Net online banking platform, plus specialized retirement planning through its Blue Line Financial Services subsidiary.

Product overview

The Cleveland Police Credit Union is a member-owned financial institution offering a comprehensive suite of banking and lending products. The core product portfolio centers on deposit accounts (Savings, Checking, Money Market, IRA) and lending products (Vehicle Loans, Mortgages, HELOC, Personal Loans, Visa Credit Cards) delivered through a unified banking platform. Digital banking services include Online Home Banking via Financial Net and Mobile Banking powered by Fiserv, with mobile check deposit, Zelle transfers, and digital wallet support (Apple Pay, Google Pay, Samsung Pay). The credit union's subsidiary Blue Line Financial Services provides investment and retirement planning tailored to law enforcement. Additional offerings include Badge Rewards loyalty program, COPLINE 24-hour telephone banking, and partnerships for student loans, auto warranties, and insurance products.

Differentiator

Problem solved

Functional benefit

Products and services

• Savings Accounts Core deposit accounts offering competitive dividend rates to members for secure fund storage with easy access.
• Checking Accounts Transaction accounts providing members with debit card access, direct deposit capabilities, and integration with online and mobile banking platforms.
• Money Market Accounts Interest-earning deposit accounts offering competitive rates for members with larger balances.
• IRA Accounts Individual Retirement Accounts offering Traditional, Roth, and Coverdell options to help members save for retirement with tax-advantaged contributions.
• Investment Accounts Brokerage and investment account access offered through subsidiary Blue Line Financial Services, including mutual funds and retirement planning.
• Christmas Club Seasonal savings account designed to help members save for holiday expenses via automatic weekly or biweekly payroll deductions.
• Signature Loans Unsecured personal loans up to $5,000 based on creditworthiness, including seasonal and holiday loans for specific needs.
• Vehicle Loans Auto financing for new and used vehicles including the Rate Rescue promotion beating competitors' rates, up to three months no payments, and a first-time buyer program at rates as low as 5.24% for 72 months.
• Mortgage Loans First mortgage loans for home purchase and refinancing offered through the credit union's mortgage center partnership, with online access to loan servicing.
• HELOC (Home Equity Line of Credit) Home Equity Line of Credit with variable rates using the Prime Lending Rate as index plus margin, plus fixed-rate home equity loans for second mortgages.
• Boat, RV, and Motorcycle Loans Secured loans for recreational vehicles including boats, campers, RVs, ATVs, and motorcycles with extended terms.
• Visa Credit Cards Co-branded Visa credit card supporting select police charities, with digital wallet compatibility including Apple Pay, Google Pay, and Samsung Pay.
• Student Loans Education financing through partnerships with ISL Education Lending and Sallie Mae, including undergraduate, graduate, and parent loans.
• Online Home Banking Web-based banking platform providing account access, transfers, bill payment, and e-statements through the Financial Net platform.
• Mobile Banking App Mobile application powered by Fiserv providing real-time balances, transfers, bill payment, mobile check deposit, and debit card management on Android and Apple devices.
• Badge Rewards Loyalty rewards program where members earn benefits for using more credit union services, with tiered badge rewards including silver and gold levels.
• ATM/Debit Cards Debit card access to accounts with surcharge-free ATM access at credit union locations, Justice Center, and Alliance One network, with card management features in the mobile app.
• MessagePay Third-party loan payment service integrated into the website for making credit card and loan payments.
• COPLINE (24-hour Audio Teller) 24-hour automated telephone teller service at 1-800-399-4801 providing account access and basic transactions without internet.
• Blue Line Financial Services Wholly-owned subsidiary of The Cleveland Police Credit Union providing financial planning and retirement planning services specifically designed for law enforcement officers, leveraging knowledge of Police & Fire Pension, DROP, Deferred Compensation, and Comp/Sick Time benefits.
• Safety Deposit Boxes Secure storage boxes available at credit union offices for members to store valuables and important documents.
• Extended Auto Warranties Vehicle service contracts available for vehicles up to 11 years old and 150,000 miles, offered at competitive prices compared to dealership options.
• GAP Coverage Guaranteed Asset Protection insurance covering the difference between actual cash value and loan balance if a vehicle is totaled or stolen.
• Money Orders and Official Checks Check alternative payment instruments available for members needing secure payment methods.

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Blue Line Financial ServicescoreStrategic or Co-development Partner · 1 January 1999Wholly owned subsidiary of Cleveland Police Credit Union providing specialized financial planning services to law enforcement officers. Operating since 1999, advisors are experienced with unique benefit plans available to officers including Police & Fire Pension, DROP, Deferred Compensation, Comp/Sick Time. Offers retirement planning tailored to officers retiring at early ages and having second careers.
• Enterprise Car SalesminorChannel Partner/ Reseller/ DistributorAuto loan partnership financing up to 100% on used cars purchased from Enterprise, including extended warranties. Members receive free 12 months powertrain warranty and 12 months Roadside Assistance with vehicle purchase.
• TRUSTAGE InsuranceminorChannel Partner/ Reseller/ DistributorInsurance products offered through TRUSTAGE Insurance available to members. Founded on over 80 years of working together with credit unions, offering various insurance products to protect what matters most.
• Alliance OnecoreTechnology or IntegrationNationwide cooperative group of credit unions, community banks and thrifts enabling surcharge-free ATM access across America. Founded in 1998, Alliance One saves members approximately $2.00 per transaction in surcharge fees. Members can access ATMs at Sheetz and Get-Go locations surcharge-free.
• FiservcoreTechnology or IntegrationTechnology provider powering the mobile banking app. Fiserv enables real-time balance checking, money management, transaction viewing, transfers, bill payment, check deposits, alerts, and card management through the mobile application.

Scale indicators2 records

Recent moves7 records

Expansion highlights4 records

Others

• Fiserv: Core technology provider powering Cleveland Police Credit Union's mobile banking, card management, and digital banking platform. Indirect ecosystem participant — comparable because the credit union's digital experience is materially defined by Fiserv's product capabilities and pricing.

Direct peers

• First Responders Credit Union: Texas-based credit union serving first responders, including law enforcement. Directly comparable occupational focus with deposit, lending, and digital banking products.
• State Farm Federal Credit Union: Occupational credit union serving State Farm employees and select employee groups, operating a similar niche-cooperative model with full banking products. Directly comparable single-occupancy community credit union structure.
• SchoolsFirst Federal Credit Union: Large occupational credit union serving California school employees and select groups. Demonstrates the scaled occupational credit union model; analogous community-cooperative approach and member-driven product development.
• Police & Fire Federal Credit Union: Philadelphia-area occupational credit union serving police, fire, and EMS personnel across multiple states. Closely analogous occupational niche with similar loan and deposit product mix.
• Firefighters First Credit Union: California-based occupational credit union serving firefighters, law enforcement, and their families with full banking products. Comparable first-responder occupational focus, though California-centric.
• Ohio Police & Fire Credit Union: Ohio-based occupational credit union serving law enforcement and fire personnel with similar deposit, lending, and mortgage products. Most directly comparable peer given overlapping field of membership, geography, and product set.
• Wright-Patt Credit Union: Ohio-headquartered occupational credit union (originally serving Wright-Patterson AFB personnel) that has expanded field of membership across Ohio. Comparable community/occupational credit union model with full deposit, lending, and digital banking suite.

Broad incumbents

• Affinity Plus Federal Credit Union: Large Minnesota-based community credit union with broad field of membership including occupational and community groups. Comparable full-service deposit/lending platform but with substantially larger scale and geographic reach.
• BCU (Baxter Credit Union): Illinois-based occupational credit union serving employees of select employer groups nationally. Comparable community-cooperative model scaled across many SEGs with full digital banking, lending, and deposit products.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/162322920463335
• LinkedInlinkedin.com/company/cleveland-police-credit-union

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 records

Subsidiaries1 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 The Cleveland Police Credit Union