Baraga County Federal Credit Union

What Baraga County Federal Credit Union does

Baraga County Federal Credit Union is a federally chartered, member-owned cooperative financial institution headquartered in Baraga, Michigan. It operates within a single, likely community/geographic field of membership concentrated in Baraga County — a rural Upper Peninsula county with a population of roughly 8,500 — and offers a traditional suite of retail banking products including Shares (savings), Share Drafts (checking), Share Certificates, personal and mortgage loans, Fixed Rate Home Equity Loans, and VISA-branded credit and debit cards. Service delivery spans one physical branch, an ATM network, online banking, and a mobile application distributed via the Apple App Store and Google Play.

The technology stack is commodity retail-banking infrastructure: a mobile banking app for account access, VISA network services for card issuance and fraud handling (with dedicated after-hours fraud phone lines), and standard deposit-and-lending origination workflows. The credit union holds NMLS registration (#445727) for mortgage lending and operates under NCUA federal deposit insurance up to $250,000, with Equal Housing Lender designation. Marketing channels are limited to the company website, mobile app stores, and a News & Events page — no social media, paid acquisition, or developer-facing platforms are present.

Revenue mechanics are conventional for a credit union: net interest income from the lending book (mortgages, home equity, consumer loans) is the primary stream, supplemented by fee income (including a $25 Skip-A-Payment program fee and potential overdraft/ATM charges) and interchange revenue from VISA debit and credit card transactions. The institution competes on credit-union cooperative economics — favorable member rates, local presence, and payment-flexibility programs — rather than on technology differentiation or scale-driven pricing.

Name

Baraga County Federal Credit Union

Legal name

Baraga County Federal Credit Union

Website

https://baragafcu.secure.cusolutionsgroup.net

Company type

Private

Founded year

1952

Operating status

Operating

Headcount range

11–50 employees

Short description

Baraga County Federal Credit Union is a federally chartered, member-owned cooperative credit union serving Baraga County, Michigan, offering retail banking products including savings, checking, loans, mortgages, home equity, VISA cards, and mobile banking to local community members.

Ownership category

akta.pro rank

Product category

Community Banking (Credit Union)

NAICS

Credit Unions (52213), Credit Unions (522130), Credit Card Issuing (52221)

SIC

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

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

• Retail banking services
• Consumer lending products
• Share savings accounts
• Mortgage lending services
• Debit and credit cards

Headquarters

HQ city

Lanse

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: Revenue generated from interest earned on loans including mortgage products, home equity loans, and consumer loans
2. Fee Income: Various fees including $25 Skip-A-Payment fee, potential overdraft fees, ATM fees, and other service charges
3. Interchange Revenue: Transaction fees from VISA debit and credit card usage

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Baraga County Federal Credit Union is a federally chartered, member-owned cooperative that provides traditional retail banking products to its community members. Its core offerings include Shares (Savings), Share Drafts (Checking), a range of consumer and mortgage loans, VISA credit and debit cards, share certificates, fixed-rate home equity loans, and digital banking through a mobile application and online platform.

Product overview

Baraga County Federal Credit Union offers a comprehensive suite of traditional banking products and services through a single, unified platform. The core offerings include Shares (Savings) and Share Drafts (Checking) accounts, various Loans & Mortgages products including Fixed Rate Home Equity Loans, VISA Credit and Debit Cards, and Share Certificates with competitive rates. The institution also provides a Mobile Banking App for convenient access to accounts, supplemented by a Skip-A-Payment Program that offers loan payment flexibility. All products are designed for individual members and operate under NCUA federal insurance protection.

Differentiator

Problem solved

Functional benefit

Products and services

• Shares (Savings)

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered minor and core.

• TrustageminorOthersTrustage is an insurance partner providing insurance products advertised on the credit union's website through a linked banner. This appears to be a third-party insurance partnership for member benefit products.
• VISAcoreTechnology or IntegrationVISA serves as the card network for both credit and debit cards. The credit union offers VISA credit cards and VISA debit cards with associated fraud protection services, card activation, and PIN change services through VISA's infrastructure.
• Apple App StorecoreChannel Partner/ Reseller/ DistributorApple App Store serves as the distribution channel for the Baraga County Federal Credit Union Mobile app, allowing iOS users to download and access mobile banking services.
• Google PlaycoreChannel Partner/ Reseller/ DistributorGoogle Play serves as the distribution channel for the Baraga County Federal Credit Union Mobile app, allowing Android users to download and access mobile banking services.

Scale indicators1 record

Recent moves6 records

Regional players

• Lake Superior Credit Union: Upper Peninsula-based credit union with overlapping membership geography and a similar full-service retail banking product suite.
• Honor Credit Union: Michigan community credit union serving southwestern and northern Lower Peninsula communities with a comparable retail banking, lending, and digital channel mix.
• Northern United Federal Credit Union: Michigan-based community credit union with a broader northern Michigan footprint than Baraga County FCU, offering similar deposit and lending products to community members.
• River Valley Credit Union: Michigan community credit union with overlapping community-banking model and similar product offerings including mortgages, loans, and deposit accounts.
• IC Federal Credit Union: Community credit union operating in Michigan with a similar retail banking, lending, and digital banking focus, though serving a different geographic footprint.
• Great Lakes Credit Union: Michigan-based community credit union offering comparable deposit, mortgage, and consumer lending products to retail members across multiple regional markets.

Direct peers

• Tahquamenon Area Credit Union: Community credit union serving eastern Upper Peninsula communities, with comparable member base, federally insured status, and retail banking product set.
• Calumet Area Credit Union: Community credit union based in Michigan's Upper Peninsula serving a similar small-town geographic membership, directly comparable in size and product offering.
• Gogebic Range Federal Credit Union: Federally chartered community credit union serving the Gogebic Range area of Michigan's Upper Peninsula, comparable in scale, geography, and product mix to Baraga County FCU.
• North Central Area Credit Union: Small community credit union serving rural northern Michigan counties with a comparable small-asset, member-owned structure and retail banking focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/baraga-county-federal-credit-union

Compliance3 records

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 Baraga County Federal Credit Union