Organized Labor Credit Union

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.

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

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

• Credit union services
• Consumer banking
• Auto loans
• Mortgage lending
• Member banking

Headquarters

HQ city

Modesto

HQ country

United States

HQ region

North America

Offices1 record

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 on Loans: Primary revenue stream from interest charged on auto loans (new and used), mortgages, recreational vehicles/boats, and other lending products.
2. Deposit Taking and Share Accounts: Revenue generated from member deposits held in checking and savings accounts, using funds to provide loans and generate income.
3. Credit Card Services: Visa credit card products generating interchange fees and interest income on revolving balances.
4. Banking Service Fees: Various banking service fees including checking account maintenance, ATM usage, wire transfers, and other ancillary banking services.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels3 records

Core 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.

Named customers3 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

Integration1 record

Partnerships

Four partnerships are on record, tiered core and supporting.

• IBEW Local 684 (International Brotherhood of Electrical Workers)coreStrategic or Co-development PartnerIBEW 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 483coreStrategic or Co-development PartnerSprinkler 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 386coreStrategic or Co-development PartnerTeamsters 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 NetworksupportingTechnology or IntegrationIntegration 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

Broad 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

• LinkedInlinkedin.com/company/organized-labor-credit-union

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 Organized Labor Credit Union