Organized Labor Credit Union
Organized Labor Credit Union is a member-owned financial cooperative founded in 1974 in Modesto, California. It provides checking, savings, auto loans, mortgages, and credit cards to union members and their employees across 16 California counties.
- Company typePrivate
- Founded1974
- HeadquartersModesto, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Organized Labor Credit Union does
Organized Labor Credit Union (OLCU) is a member-owned financial cooperative chartered in 1974 and headquartered at 2112 McHenry Avenue, Modesto, California. The institution has operated continuously for over 50 years and serves union members and employees of union locals across 16 California counties, anchored by formal partnership relationships with IBEW Local 684 (International Brotherhood of Electrical Workers), Sprinkler Fitters Local 483, and Teamsters Local 386. OLCU is federally insured by the NCUA (NMLS ID #1490203) and operates as a not-for-profit cooperative owned by its depositor-members, with no external parent or investor ownership.
OLCU's product portfolio is a conventional community-credit union stack: transactional banking (checking, savings, bill pay), a youth savings product (OLCU Kids), consumer and recreational lending (new and used auto, RV/boat, mortgages), and a Visa-branded credit card. Delivery is through a single physical branch in Modesto plus a digital banking platform that includes web-based home banking (itsme247 single-sign-on) and native iOS and Android mobile applications. ATM access is provided through the Co-op credit union shared branch and ATM network, with an ATM locator linked from the credit union's website. New auto loans are advertised at 0% APR and rate sheets are publicly disclosed.
The revenue model follows standard credit-union mechanics: net interest income from the lending book (autos, mortgages, RV/boat loans, Visa credit-card receivables) funded by member share deposits, supplemented by interchange on the Visa program and transaction-related banking fees. Acquisition is community-led through union partnerships and direct-to-consumer via the branch, digital channels, and phone banking at (209) 527-8731. Headcount is reported at 11-50 employees, consistent with a small single-branch institution. The credit union has not pursued external capital, M&A, or material product-line diversification in the available record, and revenue figures are not publicly disclosed.
Organized Labor Credit Union firmographics
Firmographics- Name
- Organized Labor Credit Union
- Legal name
- Organized Labor Credit Union
- Website
- https://olcu.org
- Company type
- Private
- Founded year
- 1974
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Organized Labor Credit Union is a member-owned financial cooperative founded in 1974 in Modesto, California. It provides checking, savings, auto loans, mortgages, and credit cards to union members and their employees across 16 California counties.
- Ownership category
- akta.pro rank
Organized Labor Credit Union industry classification
Industry- Product category
- Credit Union Banking
- NAICS
- Credit Unions (52213)
- SIC
- Savings Institution, Federally Chartered (6035)
- akta.pro primary industry
- Employer/Occupational Credit Unions (FSABAEAB)
- akta.pro secondary industry
- Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)
Keywords
Where Organized Labor Credit Union is headquartered
LocationHeadquarters
- HQ city
- Modesto
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Organized Labor Credit Union business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Interest Income on Loans: Primary revenue stream from interest charged on auto loans (new and used), mortgages, recreational vehicles/boats, and other lending products.
- Deposit Taking and Share Accounts: Revenue generated from member deposits held in checking and savings accounts, using funds to provide loans and generate income.
- Credit Card Services: Visa credit card products generating interchange fees and interest income on revolving balances.
- Banking Service Fees: Various banking service fees including checking account maintenance, ATM usage, wire transfers, and other ancillary banking services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | New Auto Loans - As low as 0% APR |
| Unit Pricing | Monthly | Used Auto Loans - Competitive rates available |
| Unit Pricing | Monthly | New RVs/Boats - Rate varies |
| Subscription | Monthly | Share/Savings Account Rates |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels3 records
Organized Labor Credit Union product offering
Product offeringCore offering
Organized Labor Credit Union is a member-owned financial cooperative that provides consumer banking and lending products to union members and union local employees across 16 California counties. Its core offerings include checking accounts, savings/share accounts, auto loans (new and used starting at 0% APR), mortgages, RV/boat loans, a Visa credit card, and digital/mobile banking with bill pay, all delivered through a Modesto branch, online portal, mobile apps, and the Co-op ATM network.
Product overview
Organized Labor Credit Union offers a unified banking platform providing traditional credit union financial services to union members. The core product portfolio centers on Digital Banking (encompassing checking, savings, and bill pay), Loan Services (auto, mortgage, and recreational loans), and a Visa Credit Card. Mobile Banking extends access via iOS and Android apps, while OLCU Kids provides youth savings features. All services are accessible through their Home Banking portal and are designed specifically for union members across 16 California counties.
Differentiator
Problem solved
Functional benefit
Products and services
- Digital Banking Online banking platform providing anytime access to account management, bill pay, and mobile banking for union members and their families.
- Checking Account Checking account services for members to manage daily banking transactions.
- Savings Account (Share Account) Savings account with tiered share/dividend rates for members, including the OLCU Kids youth savings program for children of union members.
- Bill Pay Digital bill payment service integrated within online and mobile banking for members to pay bills electronically.
- Loan Services Comprehensive lending products including new auto loans (as low as 0% APR), used auto loans, mortgages, and recreational vehicle/boat loans for members.
- Visa Credit Card Visa-branded credit card issued through the credit union for member purchases, generating interchange fees and interest income on revolving balances.
- Mobile Banking Application Native mobile banking applications for iOS (Apple App Store) and Android (Google Play Store) providing full banking functionality on mobile devices.
- Home Banking Portal Online banking portal for members to access accounts, apply for loans, and manage finances, powered by itsme247 authentication.
Companies that use Organized Labor Credit Union
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
Organized Labor Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Organized Labor Credit Union partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and supporting.
- IBEW Local 684 (International Brotherhood of Electrical Workers)coreIBEW Local 684 is a featured union partner of Organized Labor Credit Union. Business Manager Scott Taylor has provided testimonial endorsement of the credit union's services to union members.
- Sprinkler Fitters Local 483coreSprinkler Fitters Local 483 is a featured union partner. Business Manager Jeffrey M. Dixon has provided testimonial endorsement of the credit union's excellent service to union members.
- Teamsters Local 386coreTeamsters Local 386 is a featured union partner on the Organized Labor Credit Union website, indicating a partnership relationship for serving union members.
- Co-op Credit Union NetworksupportingIntegration with Co-op credit union network provides ATM locator and access to fee-free ATMs across the credit union network. Linked via the website's Quicklinks section.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
Organized Labor Credit Union competitors and assessment
Company assessmentBroad incumbents
- SchoolsFirst Federal Credit Union: Large California credit union serving a defined occupational community (school employees), showcasing the scaled version of OLCU's occupational charter model. Provides a useful benchmark for how an occupational CU can grow into a major regional institution.
- First Tech Federal Credit Union: Large occupational credit union serving employees of technology firms, with a national digital footprint. Demonstrates the digital scaling potential of an occupational/community charter model similar to OLCU's.
- Golden 1 Credit Union: California's largest state-chartered credit union with a comprehensive retail banking platform. Comparable product mix (checking, savings, auto, mortgage, Visa cards, mobile banking) across a far larger geographic footprint.
- Patelco Credit Union: Major Northern California credit union with a broad retail membership and a similar deposit, lending, and digital banking product set. Serves as a benchmark for the California credit union competitive landscape OLCU operates in.
Regional players
- SAFE Credit Union: Regional credit union headquartered in the Sacramento area with overlapping Northern California footprint, similar community orientation, and comparable lending and deposit product set.
- California Credit Union: Statewide California credit union offering the same core retail banking product set (auto loans, mortgages, checking, savings, digital banking) to a broader consumer membership base.
- Star One Credit Union: Silicon Valley-based credit union serving a tech-occupational community, with deposit, lending, and digital banking products that overlap OLCU's offerings. Useful comparable for occupational-charter growth trajectories.
- Kinecta Federal Credit Union: Southern California credit union with a broad retail membership and full-service banking platform. Comparable product catalog and competitive overlap in the California consumer banking market.
- Logix Federal Credit Union: Southern California credit union with consumer-facing deposit, lending, and digital banking products similar to OLCU's suite. Represents regional competitive pressure within California.
Direct peers
- Operating Engineers Local 3 Federal Credit Union: Credit union serving members of the Operating Engineers union local, the most direct structural analog to OLCU's union-local membership model. Same occupational-credit-union charter, same community-led GTM, same loan-and-deposit product mix.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Organized Labor Credit Union social profiles
Digital presenceOrganized Labor Credit Union compliance and trust
Trust signalCompliance1 record
Organized Labor Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
Organized Labor Credit Union leadership team
Management profileNumber of profiles
Organized Labor Credit Union funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Organized Labor Credit Union M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Organized Labor Credit Union
What does Organized Labor Credit Union do?
Organized Labor Credit Union is a member-owned financial cooperative that provides consumer banking and lending products to union members and union local employees across 16 California counties. Its core offerings include checking accounts, savings/share accounts, auto loans (new and used starting at 0% APR), mortgages, RV/boat loans, a Visa credit card, and digital/mobile banking with bill pay, all delivered through a Modesto branch, online portal, mobile apps, and the Co-op ATM network.
Is Organized Labor Credit Union a public or private company?
Organized Labor Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Organized Labor Credit Union founded?
Organized Labor Credit Union was founded in 1974. It employs 11 to 50 people.
Where is Organized Labor Credit Union based?
Organized Labor Credit Union is headquartered in Modesto, United States, in the North America region.
How does Organized Labor Credit Union make money?
Four revenue lines are on record. Interest Income on Loans are the primary driver. The others are deposit Taking and Share Accounts, credit Card Services and banking Service Fees.
Who are Organized Labor Credit Union's main competitors?
Broad incumbents on record are SchoolsFirst Federal Credit Union, First Tech Federal Credit Union, Golden 1 Credit Union and Patelco Credit Union. Regional players are SAFE Credit Union, California Credit Union, Star One Credit Union, Kinecta Federal Credit Union and Logix Federal Credit Union. Operating Engineers Local 3 Federal Credit Union is listed as a direct peer.
Does Organized Labor Credit Union have an API?
No public API is recorded for Organized Labor Credit Union.
What industry is Organized Labor Credit Union in?
Organized Labor Credit Union's product category is Credit Union Banking. Its primary akta.pro industry code is FSABAEAB, Employer/Occupational Credit Unions, with a secondary code of FSABAEAA, Community Credit Unions (Retail/Consumer Focus). Its NAICS code is 52213 and its SIC code is 6035.