Aeroquip Credit Union

What Aeroquip Credit Union does

Aeroquip Credit Union is a not-for-profit, member-owned financial cooperative founded in 1949 that operates as a community-chartered credit union in the United States, serving consumer members with traditional retail banking products. The institution offers a full deposit stack (savings, checking, money markets, certificates), a consumer lending suite (auto loans, mortgages, personal loans), and a tiered Visa credit card portfolio spanning Student, Classic, Gold, and Platinum tiers. Service delivery combines two physical offices with online and mobile banking (CU*Talk-style core platform) and access to 130+ shared branching locations through the CO-OP Shared Branching network, plus member-perk access via the Love My Credit Union Rewards coalition.

The business model is a cooperative spread-and-fee model: revenue is generated from net interest margin on the loan portfolio funded by member deposits, supplemented by interchange, card, and account fees disclosed in a published fee schedule (with a 2026 schedule posted). Member acquisition is pursued through field-of-membership expansion (a Membership Expansion press release was issued) and through standard community-credit-union marketing rather than large enterprise contracts. NCUA federal deposit insurance, US Patriot Act compliance, and a US routing number (272481512) confirm a US federal credit union charter, despite an anomalous "Miusinsk, Ukraine" city/country tag in firmographics that conflicts with all other source signals and is treated as erroneous.

Operationally, the credit union runs at a small scale — 101-250 employees across two owned offices — and competes primarily on community presence, member service, and shared distribution rather than on technology differentiation or pricing leadership.

Name

Aeroquip Credit Union

Legal name

Aeroquip Credit Union

Website

https://aeroquipcu.com

Company type

Private

Founded year

1949

Operating status

Operating

Headcount range

101–250 employees

Short description

Aeroquip Credit Union is a not-for-profit, member-owned US community credit union founded in 1949, offering consumer deposits, loans, and a tiered Visa card portfolio to retail members across two offices and 130+ shared branches.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Credit Card Issuing (522210)

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

Credit Cards & Revolving Credit (FSABAAAC), Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Retail banking services
• Consumer lending
• Credit union services
• Deposit accounts
• Mortgage lending

Headquarters

HQ city

Miusinsk

HQ country

Ukraine

HQ region

Europe

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 Lending: Aeroquip generates the majority of its revenue from interest income on loans, including auto loans, mortgages, personal loans, and credit cards. As a credit union, profits are returned to members through lower loan rates and higher savings rates.
2. Fee Income: The credit union generates fee income from various services including account maintenance, loan-related fees, and late payment charges as outlined in their fee schedule.
3. Deposit Interest Spread: As a credit union, Aeroquip takes member deposits (savings, checking, money markets, CDs) and lends them out, earning the spread between interest paid to depositors and interest collected from borrowers.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Aeroquip Credit Union is a member-owned, not-for-profit cooperative that provides retail banking and lending services to its members in the United States. Its core offering consists of deposit accounts (savings, checking, money markets, CDs) and consumer loan products including auto loans, mortgages, personal loans, and Visa credit cards, delivered through branch offices, online/mobile banking, and a shared branching network.

Product overview

Aeroquip Credit Union offers a comprehensive suite of financial products and services centered around traditional banking. The core offerings include savings and checking accounts (with the high-yield AeroPerks Checking as a differentiated product), money market accounts, and certificates of deposit. On the lending side, they provide auto loans, mortgages (including primary, secondary, investment properties, construction, and HELOC options), personal loans, and a full range of Visa credit cards (Student, Classic, Gold, and Platinum tiers). Digital banking services include online and mobile banking, bill pay, digital wallet support, and eStatements. Member benefits programs include the Member Rewards Points system and access to partner discounts through Love My Credit Union. The institution also supports members through financial counseling resources and shared branching networks for in-person services.

Differentiator

Problem solved

Functional benefit

Brands

• AeroPerks Checking: A high-yield checking account product offering guaranteed competitive rates for members.
• Aeroquip Visa Credit Cards

Products and services

• Savings/Share Accounts
• Checking Accounts
• AeroPerks Checking
• Youth Accounts
• Club Accounts
• Money Markets
• Certificates of Deposit (CDs)
• Auto Loans
• Mortgages
• Personal Loans
• Holiday Loan Special
• Student Visa Credit Card
• Classic Visa Credit Card
• Gold Visa Credit Card
• Platinum Visa Credit Card
• Online and Mobile Banking
• Mobile App
• Online Bill Pay
• Digital Wallet
• eStatements
• Direct Deposit and Payroll Deduction
• 24 Hour Audio Response (CU*Talk)
• Member Rewards Points
• Member Discounts
• Credit and Budget Counseling
• GAP Insurance
• Online Loan Application Portal

Quantifiable outcome

• Auto loan rates as low as 3.99% APR
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered minor and core.

• TruStage InsuranceminorGTM or Marketing PartnerTruStage Auto & Home Insurance Program offered to Aeroquip CU members through Love My Credit Union Rewards. Members receive exclusive savings offers on auto and home insurance through leading insurance providers. Call 1-800-789-6286 for free quotes.
• Neighborhood Mortgage SolutionsminorChannel Partner/ Reseller/ DistributorNeighborhood Mortgage Solutions provides mortgage products and services referenced on the Aeroquip CU mortgages page. NMLS #462151. Helps members with purchasing, refinancing, and home improvements.
• Love My Credit Union RewardscoreGTM or Marketing PartnerLove My Credit Union Rewards program provides Aeroquip members access to exclusive discounts and benefits from trusted partners including TruStage insurance, H&R Block tax services, TurboTax, Trust & Will estate planning, and Rental Kharma. The program offers savings up to 50% or more off retail prices on products and services members use every day.
• XtendCu (Shared Branching Network)coreChannel Partner/ Reseller/ DistributorShared branching locator through XtendCu providing Aeroquip members access to over 130 branch locations throughout the US for daily banking transactions. Available at search.xtendcu.com.
• Rental KharmaminorGTM or Marketing PartnerRental Kharma partnership helps members build credit by reporting past and ongoing rental payments to credit bureaus. Aeroquip members receive a 30% discount off the already low Rental Kharma monthly fee.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• PenFed (Pentagon Federal Credit Union): Large federally chartered credit union with consumer deposits, mortgages, auto loans, and a strong Visa credit-card portfolio; a scaled analog of Aeroquip's community credit union model.
• SchoolsFirst Federal Credit Union: Federally chartered community credit union offering full retail banking and consumer lending; comparable NCUA-regulated cooperative structure and member-owned positioning.
• BECU (Boeing Employees Credit Union): Large community-charter credit union with comprehensive consumer banking and lending products; broader field of membership but otherwise similar cooperative, member-value proposition.

Direct peers

• Lake Michigan Credit Union: Large Michigan-based community credit union offering a comparable full suite of consumer banking, mortgages, and credit cards; comparable membership-based cooperative model serving retail members.
• Alliant Credit Union: Online-forward credit union with similar fee-free credit cards, high-yield checking, and consumer lending; mirrors Aeroquip's digital + shared branching distribution model at a larger scale.
• Consumers Credit Union: Member-owned credit union providing consumer checking, savings, auto loans, mortgages, and credit cards with similar fee-free and high-yield positioning; directly comparable retail credit union peer.
• Connexus Credit Union: National-field-of-membership credit union offering consumer banking, mortgages, auto loans, and credit cards with shared branching access; closely comparable product breadth and member value orientation.
• Digital Federal Credit Union (DCU): Member-owned credit union offering consumer deposits, auto, mortgage, personal loans, and Visa credit cards; comparable multi-channel digital-first cooperative with similar fee/value proposition.
• Michigan State University Federal Credit Union: Michigan-headquartered community credit union offering an analogous consumer banking and lending product set (auto, mortgage, personal, Visa), sharing Aeroquip's regional cooperative character.

Emerging players

• Discover Bank: Direct-to-consumer digital bank/issuer competing in fee-free credit cards and consumer deposits; overlapping target customer (rate- and fee-sensitive consumers) with Aeroquip's Visa card stack.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Aeroquipcu

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Aeroquip Credit Union