Fraternal Order of Police Federal Credit Union

What Fraternal Order of Police Federal Credit Union does

Fraternal Order of Police Federal Credit Union (FOPFCU) is a federally chartered, not-for-profit credit union headquartered at 10110 E 11th Street, Tulsa, Oklahoma. Founded in 1941 by a police officer who began loaning money from his desk drawer, the institution is owned by its members and regulated by the National Credit Union Administration (NCUA). Its field of membership is restricted to Oklahoma CLEET Certified Peace Officers and their immediate family members, positioning it as a vertical community financial institution serving a single professional cohort and operating under the "person in law enforcement" brand identity.

FOPFCU offers a full suite of consumer banking products: deposit accounts (Share Savings, Share Draft Checking, Youth Accounts, Share Certificates, IRA accounts, Christmas Club, Round-UP), consumer loans (auto, motorcycle, boat/RV, signature, storm shelter, mortgages via CU Companies partnership, HELOC), and a VISA credit card. Service delivery relies on a single physical branch combined with cloud-based online and mobile banking (mobicint.net), a mobile app, SecurLOCK card controls, an automated 24-hour telephone teller, and TransFund ATM network access. Mortgage originations are outsourced to CU Companies, while VISA provides card processing infrastructure.

The business model is traditional credit union net interest margin plus fee income. Revenue is generated primarily through interest spread on loan products (auto loans 5.24–13.24% APR, VISA 13.56% APR, HELOC 7.00%), share certificates, and transactional fees (overdraft $30, NSF $30, stop payment $25, money orders $1.50). Operating as a not-for-profit cooperative, FOPFCU returns profits to members through better rates rather than distributing them to shareholders. Marketing is community-led and primarily conducted through FOP lodge connections, law enforcement referrals, and digital channels. The president and CEO is Dora Green.

Name

Fraternal Order of Police Federal Credit Union

Legal name

Fraternal Order of Police Federal Credit Union

Website

https://fopfcu.org

Company type

Private

Founded year

1941

Operating status

Operating

Headcount range

1–10 employees

Short description

Fraternal Order of Police Federal Credit Union is a not-for-profit, member-owned credit union in Tulsa, Oklahoma, serving Oklahoma CLEET Certified Peace Officers and their immediate families with deposit accounts, consumer loans, mortgages, and a VISA credit card.

Ownership category

akta.pro rank

Product category

Community Credit Union / Consumer Banking

NAICS

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

SIC

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

akta.pro industry

PRIMARYFSABAEAH

Faith-Based & Affinity Credit Unions

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)

SECONDARYFSABAEAB

Employer/Occupational Credit Unions

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)

Keywords

• Consumer banking services
• Credit union lending
• Savings and deposits
• Consumer auto loans
• Mortgage lending

Headquarters

HQ city

Tulsa

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Loans: Primary revenue source from auto loans, motorcycle loans, boat/RV loans, signature loans, mortgages, HELOCs, storm shelter loans, and VISA credit cards. Rates vary by credit score and term length.
2. Fee-Based Services: Fees charged for services including overdraft protection ($30), NSF/returned items ($30), stop payments ($25), wire transfers, ATM surcharges, dormancy fees, and late payment charges.
3. Share Certificate and IRA Products: Certificates of deposit and IRA accounts generating fee income and interest spread. Minimum deposits from $1,000 with terms ranging from 6 months to 3 years.
4. Credit Card Transaction Fees: Revenue from credit card transactions including cash advance fees (1.50%), foreign transaction fees (1.00%), and interchange fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Fraternal Order of Police Federal Credit Union is a federally chartered, not-for-profit credit union that provides consumer banking products and services — including share savings accounts, share draft (checking) accounts, share certificates, IRAs, consumer loans (auto, motorcycle, boat/RV, signature, mortgage, HELOC, and storm shelter), and a VISA credit card — exclusively to Oklahoma CLEET Certified Peace Officers and their immediate family members. Members access accounts via a Tulsa branch, online and mobile banking, a mobile app, and a 24-hour telephone teller.

Product overview

Fraternal Order of Police Federal Credit Union is a single-institution, full-service credit union offering a comprehensive suite of traditional banking products and services. The portfolio centers on deposit products (Share Account Savings, Youth Accounts, Share Draft Checking, Share Certificates, IRA accounts, Christmas Club Savings, and Round-UP Program), consumer loans (Auto Loans, Auto Refinance, Motorcycle Loans, Boat/RV Loans, Signature Loans, Storm Shelter Loans, and Mortgages/HELOC through partnership), and payment products (VISA Credit Card and VISA Check/ATM Card). Digital banking is provided through Online Banking, Mobile App, Online BillPay, SecurLOCK card controls, and 24-hour Telephone Teller. Additional services include Direct Deposit, Payroll Deduction, Overdraft Protection, Safe Deposit Boxes, Money Orders, and Fraud Prevention education. The credit union serves Oklahoma CLEET-certified peace officers and their immediate family members, differentiating through competitive rates, remote account opening capabilities, and specialized services for law enforcement professionals.

Differentiator

Problem solved

Functional benefit

Products and services

• Share Account (Savings) Primary membership savings account requiring a minimum deposit of $5; earns a quarterly dividend and serves as the foundational account required to join the credit union. Available to Oklahoma CLEET Certified Peace Officers and their immediate family members.
• Youth Accounts Savings accounts designed for children 12 years old or younger, offered to dependents of members to promote early financial literacy.
• Share Draft (Checking) Account Checking account with a $25 minimum deposit, requires an existing Share Savings account, and comes with emailed monthly statements. Subject to a $2 monthly dormancy fee after 12 months of inactivity.
• Round-UP Program Savings program that rounds debit card purchases to the nearest dollar and transfers the difference into a special savings account; requires a checking account and active debit card.
• Christmas Club Savings Automated monthly savings program that transfers a member-specified amount from January through November 15th into a dedicated holiday savings account.
• Share Certificates Certificates of Deposit available in terms from 6 months to 3 years with a $1,000 minimum (and a 13-month $50,000 tier), offering fixed, tiered interest rates.
• IRA Share Account / IRA Certificate Traditional, Roth, and Education Individual Retirement Accounts offered as either share accounts or certificates for retirement and education savings.
• Auto Loans Vehicle financing for new and used automobiles with rates from 5.24% to 13.24% APR, up to 78-month terms on $25K+ loans, pre-approval, and up to 45 days before first payment.
• Auto Refinance Refinancing service to lower existing auto loan payments by securing more favorable credit union rates for members.
• Motorcycle Loans Financing for new or used motorcycles with competitive rates, pre-approvals, flexible terms, and up to 45 days before first payment on new loans.
• Boat/RV Loans Financing for new or used boats and recreational vehicles with competitive rates, pre-approvals, flexible terms, and up to 45 days before first payment on new loans.
• Signature Loans Unsecured personal loans with fixed rates and terms for purposes such as tax payments, credit card consolidation, vacations, or major purchases.
• Mortgages & HELOC Home purchase and refinance mortgages facilitated through partnership with CU Companies, plus an in-house Home Equity Line of Credit at 7.00% APR.
• Storm Shelter Loans Specialized Oklahoma-focused financing for storm shelter installation with 2–4 year terms and rates starting at 4.99% APR.
• VISA Credit Card Credit card with no annual fee, a 25-day grace period, 13.56% APR, Chargegard and 90-day product protection, 1.50% cash advance fee, and 1.00% foreign transaction fee.
• VISA Check Card / ATM Card Debit/ATM card accepted wherever VISA is accepted, drawing funds from the Share Draft checking account with up to $1,000/day purchases and $500/day ATM withdrawals.
• Online Banking Secure internet and mobile banking on Android and iOS allowing account access, fund transfers, transaction history, paid check images, statements, check ordering, and account history downloads.
• Online BillPay Online bill payment service available through homebanking for members with a checking account; free with a $5.29 monthly fee after 90 days of inactivity.
• 24-Hour Telephone Teller Automated 24/7 telephone banking allowing members to access accounts and conduct basic transactions via touch-tone phone.
• Safe Deposit Boxes Secure on-site storage for valuables and documents in sizes from 3"x5" to 16"x31", with annual rentals from $20 to $250.
• Money Orders Money orders issued at $1.50 each as a payment method for members when checks or credit cards are not accepted.
• Overdraft Protection Standard overdraft coverage for checks and automatic bill payments up to $500 maximum, with $30 per-overdraft fee; ATM and everyday debit card overdrafts require federal opt-in.
• SecurLOCK Mobile debit card management allowing members to temporarily turn cards on/off, configure transaction notifications, location parameters, and purchase type controls.
• Skip-A-Payment Program Recurring program enabling eligible members to skip one loan payment per occurrence for a $35 per-loan fee, helping members manage short-term cash flow.

Quantifiable outcome

• No annual fee on VISA credit card with 13.56% APR
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• CU CompaniescoreChannel Partner/ Reseller/ DistributorThird-party mortgage lender partner that handles all mortgage originations for FOPFCU members. The credit union acts as liaison between members and CU Companies for mortgage applications submitted through their website. Partner provides competitive mortgage rates to credit union members.
• VISATechnology or IntegrationVISA provides debit and credit card processing infrastructure for FOPFCU's check cards, debit cards, and credit cards. TransFund processes card transactions and provides ATM network access.

Scale indicators5 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Firefighters First Credit Union: California-based credit union serving firefighters, law enforcement, and their families. Directly comparable as a public-safety affinity credit union with similar member structure, branch-light digital model, and consumer lending focus.
• Oklahoma Educators Credit Union (OECU): Affinity-based credit union serving Oklahoma education employees and their families. Closely comparable as a single-state affinity credit union with similar member-owned structure, product breadth, and digital service model.
• Affinity Federal Credit Union: Affinity-based credit union serving employees and members of partner organizations. Comparable in its community/affinity-based field of membership model and consumer banking focus, though it operates in a different geography.
• Municipal Credit Union: Credit union serving New York City municipal employees, including police, firefighters, and their families. Comparable as a public-sector affinity credit union with a similar community-banking and member-owned philosophy.
• Police Federal Credit Union: New York-based credit union serving active and retired law enforcement officers and their families. Direct peer given virtually identical affinity-based membership model (police officers and immediate family) and product suite (savings, loans, credit cards, digital banking).

Broad incumbents

• PenFed (Pentagon Federal Credit Union): Large U.S. affinity credit union serving military, DoD, and adjacent public-sector communities. While much larger and broader in membership, its affinity-based business model and product breadth (savings, loans, mortgages, credit cards) follow the same template FOPFCU operates at much smaller scale.

Regional players

• First Heritage Federal Credit Union: Federal credit union operating in Oklahoma with a similarly broad community-based membership field. Competes in the same statewide market for consumer deposits and loans.
• Oklahoma Central Credit Union: State-chartered credit union serving Oklahoma. Operates in the same geography with a broader community membership field of membership, competing directly for the same Oklahoma banking customers.
• Tulsa Federal Credit Union: Tulsa-headquartered credit union serving eastern Oklahoma. Competes in the same city and market for consumer deposits and loans, making it a direct regional competitor for similar member profiles.
• Tinker Federal Credit Union: One of Oklahoma's largest credit unions, originally serving Tinker AFB employees. Operates in the same state with significantly larger scale, broader membership, and competing product suite, representing a much larger regional competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/FOPFCU
• LinkedInlinkedin.com/company/fraternal-order-of-police-federal-credit-union

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 Fraternal Order of Police Federal Credit Union