State Credit Union Of West Virginia

What State Credit Union Of West Virginia does

State Credit Union of West Virginia, legally chartered as the West Virginia Public Employees Credit Union and operating under the DBA 'The State Credit Union,' is a member-owned, non-profit cooperative financial institution founded in 1981 and headquartered in Charleston, West Virginia. It provides retail banking services exclusively to West Virginia state, county, and municipal employees and their families under a closed field of membership, with 8,500+ members served across all 55 WV counties, $86.5M in total assets, $73.5M in member shares, and $48M in outstanding loans. The credit union is regulated by the West Virginia Division of Financial Institutions and the NCUA, which provides $250,000 of deposit insurance equivalent to FDIC coverage.

Name

State Credit Union Of West Virginia

Legal name

West Virginia Public Employees Credit Union

Website

https://wvpecu.com

Company type

Private

Founded year

1981

Operating status

Operating

Short description

The State Credit Union of West Virginia is a member-owned, non-profit cooperative chartered in 1981, providing retail banking services to West Virginia state, county, and municipal employees and their families across all 55 WV counties, with $86.5M in assets and 8,500+ members.

Ownership category

akta.pro rank

Product category

Retail Banking (Credit Union)

NAICS

Credit Unions (522130), Credit Unions (52213), Credit Card Issuing (522210)

SIC

Savings Institutions, Not Federally Chartered (6036), Personal Credit Institutions (6141)

akta.pro primary industry

Public Sector & Municipal Credit Unions (FSABAEAK)

akta.pro secondary industries

Employer/Occupational Credit Unions (FSABAEAB), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Retail banking services
• Credit union lending
• Mortgage loans
• Online bill pay
• Mobile banking

Headquarters

HQ city

Charleston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Member Deposits (Shares): Members deposit funds into share accounts (savings), which form the core funding base of $73,500,000 in shares
2. Loan Interest: Interest income from loans including mortgages, personal loans, and credit cards totaling $48,000,000 in loans outstanding
3. Mortgage Lending: Residential mortgage and home equity loans offered to members
4. Visa Credit Cards: Visa credit card products with associated interest and fee income
5. Fee-Based Services: Various banking services including potential fees for certain account services, check ordering, and overdraft services

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels4 records

Core offering

State Credit Union Of West Virginia is a member-owned, not-for-profit credit union that provides consumer banking products and services to state, county, and municipal government employees of West Virginia and their families. Its core offering is retail banking — savings/share accounts, checking, mortgage and personal loans, Visa credit cards, and digital banking services — delivered through a Fiserv-powered online and mobile platform with Zelle peer-to-peer payments. Membership is restricted to eligible public-sector employee groups and their families; the credit union is not open to the general public.

Product overview

State Credit Union Of West Virginia (also known as The State Credit Union or WV State Credit Union) operates as a member-focused credit union chartered in 1981 to serve state employees in West Virginia. The organization offers a unified suite of banking products centered around its core digital banking platform (SCU On Web) powered by Fiserv, which integrates online and mobile banking, bill payment, and Zelle peer-to-peer transfer services. The product portfolio includes lending offerings (mortgage/home equity loans and general online loan applications), deposit services (direct deposit/payroll deduction), check ordering, and TruStage insurance products. Additional member services include free credit report access, overdraft protection management, and educational newsletters. The credit union serves members across all 55 West Virginia counties with assets exceeding $86 million.

Differentiator

Problem solved

Functional benefit

Products and services

• SCU On Web Online Banking Internet banking service powered by Fiserv that enables members to access their share, loan, and deposit accounts, view statements, transfer funds, and conduct transactions online through a web browser. Integrated with bill pay and Zelle.
• Mobile Banking App Native mobile application for iOS (iPhone and iPad) and Android devices that provides members with on-the-go account access, transactions, and Zelle peer-to-peer payments. Available on the Apple App Store and Google Play.
• Online Bill Pay Electronic bill payment service integrated into SCU On Web online banking. Free to members who qualify by enrolling in E-Statements and maintaining at least $400 in monthly direct deposit or payroll deduction.
• Zelle Peer-to-Peer Payments Peer-to-peer payment service through Zelle (a service of Early Warning Services, LLC) that allows members to send and receive money directly from their credit union account using an email address or U.S. mobile number, integrated into online and mobile banking with no fees charged by the credit union.
• Mortgage and Home Equity Loans Residential mortgage and home equity loan products offered to members, with application forms available for download and online submission.
• Online Loan Application Digital application platform for personal loans and other consumer loan products, supporting online application and document submission powered by Fiserv (financial-net.com).
• Direct Deposit and Payroll Deduction Service allowing members to set up direct deposit of paychecks into their credit union accounts and authorize payroll deduction for loan payments and savings contributions. Members submit completed forms to their employer's payroll clerk for processing.
• Check Ordering Personal check ordering service offered in partnership with MainStreet. Members order checks using the credit union's routing number (251984467) and their checking account number.
• TruStage Insurance Insurance products offered to members through a partnership with TruStage Insurance, accessible under the Products and Services section of the credit union website.
• Overdraft Protection Opt-in/Opt-out Account service that allows members to manage their opt-in or opt-out preference for overdraft advance coverage on their credit union accounts.

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• TruStage InsuranceminorChannel Partner/ Reseller/ DistributorTruStage Insurance products are offered through the credit union as part of its product portfolio. Members can access TruStage Insurance products under the Products And Services tab on the website.
• Zelle (Early Warning Services)coreTechnology or IntegrationPartnership with Zelle for fast and easy money transfers. Members can send money directly from their account to enrolled recipients in minutes through online banking or mobile app. Zelle is a service of Early Warning Services, LLC.
• FiservcoreTechnology or IntegrationCore banking technology provider powering online banking, mobile app, and bill payment services. URLs reference netbranch.app.fiserv.com for banking services and financial-net.com for loan applications.
• Annual Credit ReportminorOthersReferral partner for free credit report services. The credit union provides information about ordering free annual credit reports through the official annualcreditreport.com service.

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Navy Federal Credit Union: Large occupational credit union demonstrating scale economics, digital capabilities, and cross-sell depth achievable within an employee-based charter. Strategic benchmark for cooperative, employer-based CU model.
• WesBanco Bank: Large regional bank headquartered in Wheeling, WV, with full consumer and commercial banking products competing for the same state-employee households' primary-banking relationships.
• United Bank (West Virginia): West Virginia-headquartered community bank with a statewide branch network, full consumer deposit and lending products, and digital banking capabilities. Direct competitor for WV public-sector employee banking relationships.
• City National Bank (WV): Charleston, WV-based commercial and consumer bank with statewide presence offering deposits, mortgages, and digital channels that compete for the same Charleston-area public-sector employee market.

Direct peers

• Fairmont Federal Credit Union: North-central West Virginia community credit union with deposit, loan, and digital product offerings targeting a similar consumer and public-sector customer base in WV.
• Mountain Heritage Federal Credit Union: West Virginia-headquartered community credit union serving similar regional markets with comparable deposit, lending, and digital banking products. Most directly comparable peer in the same geography and product set.
• Star USA Federal Credit Union: West Virginia-based federal credit union offering consumer and mortgage lending, deposits, and digital banking to a similar member demographic, including public-sector and community segments.
• First Choice America Community Federal Credit Union: Community-chartered credit union serving West Virginia and surrounding regions with similar consumer lending, deposits, and digital channels. Comparable scale and member profile.
• Pioneer West Virginia Federal Credit Union: Statewide West Virginia credit union offering consumer lending, mortgages, and digital banking to a broad community membership. Direct competitor for the same member households and product categories.

Emerging players

• Government Employees Credit Union (GECU): Public-sector employee credit union operating in other geographies, with similar occupational charter, member-owned structure, and product set. Useful benchmark for public-sector CU growth and operating practices.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance1 record

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 State Credit Union Of West Virginia