CPS IBEW Federal Credit Union

Name

CPS IBEW Federal Credit Union

Legal name

City Public Service/IBEW Federal Credit Union

Website

https://cpsibewfcu.org

Company type

Private

Founded year

1938

Operating status

Operating

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Credit Unions (522130)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industry

Public Sector & Municipal Credit Unions (FSABAEAK)

Keywords

• Federal credit union
• Consumer lending
• Retail banking services
• Deposit accounts
• Digital banking

Headquarters

HQ city

San Antonio

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: The primary revenue stream is interest earned on loans including auto loans, personal loans, credit cards, Fast Cash loans, and recreational vehicle loans. Interest rates vary by loan type and term length.
2. Deposit Account Fees: Various account-related fees including $4.95 loan payment processing fee, $10 early withdrawal fee for Christmas Club accounts, and $20 application fee for Fast Cash loans
3. ATM Network Participation: Partnership with Allpoint ATM Network providing members fee-free access at major retailers nationwide

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

CPS IBEW Federal Credit Union is a member-owned federal credit union exclusively serving CPS Energy employees and their families, offering deposit accounts (savings, checking, money market, share certificates, IRAs, youth and teen accounts), consumer loans (auto, recreational vehicle, personal, Fast Cash, Summer), Mastercard credit cards, and digital banking through an online home banking platform and mobile app. All offerings are supported by nationwide fee-free ATM access through the Allpoint network and in-person service at two downtown San Antonio locations.

Product overview

CPS IBEW Federal Credit Union operates as a single-institution digital banking platform serving CPS Energy employees and their families. The core product portfolio spans deposit accounts (Regular Share Savings, Share Draft/Checking, Christmas Club, Money Market, Share Certificates/CDs, and IRAs), lending products (Auto Loans, Recreational Vehicle Loans, Personal Loans, Fast Cash/Summer Loans, and Mastercard Credit Cards), and digital banking services (Online Banking, Mobile Banking App, Bill Pay, Text Banking, and Direct Deposit). The platform is enhanced with integrated tools including SavvyMoney for credit score monitoring, Allpoint ATM Network for fee-free cash access, and ezCard SSO for credit card management. The offering is a unified credit union banking platform rather than a modular architecture — all products and services are accessible through a single Online Banking portal and Mobile App.

Differentiator

Problem solved

Functional benefit

Products and services

• Regular Share Savings Account Basic savings account requiring a $5 minimum deposit that establishes member ownership in the credit union, with dividends credited monthly and available to CPS Energy employees and their family members.
• Share Draft Checking Account Checking account with no monthly service fees, unlimited check writing, free Visa Debit Card, and monthly dividends on balances of $500 or more, available to credit union members.
• Christmas Club Account Seasonal savings account with 1.00% APY designed for holiday spending, with funds automatically transferred to the member's primary Share Account on the first business day in November and a $10 early withdrawal fee.
• Money Market Account Interest-bearing money market savings account requiring $2,500 minimum balance, with up to six withdrawals or transfers per month and tiered dividend rates of 1.80% to 1.90% APY based on balance.
• Share Certificates (CDs) Certificate of Deposit accounts with a $1,000 minimum deposit, terms from 3 to 24 months, and APYs of 3.65% to 3.71%; Jumbo Share Certificates require a $10,000 minimum deposit at 3.75% to 3.81% APY, with early withdrawal penalties.
• IRA Accounts (Traditional, Roth, Educational) Individual Retirement Accounts including Traditional IRA (tax-deductible contributions), Roth IRA (tax-free earnings, no required distributions), and Educational IRA (for education expenses including private schooling grades 1-12 and higher education), all earning 3.75% APY.
• Youth Savings Account Savings account for children under 18 with no minimum balance, no monthly service fees, and dividends paid monthly, requiring a $5 minimum deposit to open.
• Teen Checking Account Checking account with Visa Debit Card for members ages 13 to 17, available with a parent or guardian as joint member, including parental controls, spending monitoring, and a $25 minimum opening deposit.
• Auto Loans Vehicle financing for new, used, and refinance purchases with APRs from 5.24% to 16.95%, terms from 36 to 72 months, next-business-day pre-approval, and no early payoff penalty, available to credit union members.
• Recreational Vehicle Loans Financing for boats, motorcycles, RVs, and jet skis with APRs from 7.15% to 16.24% and terms from 48 to 120 months, including fast approval and closing plus refinancing options.
• Personal Loans General-purpose unsecured personal loans with fixed monthly payments, terms from 12 to 60 months, and APRs from 10.00% to 18.00%, usable for auto repair, home furnishings, travel, or unexpected expenses.
• Fast Cash Loan and Summer Loan Fast Cash Loan of $750 over a 6-month term at 24% APR with $20 application fee and no credit check, plus a Flexible Summer Loan with a 12-month term at rates starting at 8.00% with a 2% rate discount for qualified applicants.
• Mastercard Credit Cards Mastercard credit cards with no annual fee and variable APRs as low as 8.9%, 25-day grace period, balance transfer option at 2.9% APR for 6 months (3% fee), and Single Sign-On access via the eZCard portal.
• Online and Mobile Banking 24/7 digital banking through a web-based Home Banking portal and iOS/Android mobile apps enabling balance checks, transaction history, fund transfers, mobile check deposit via remote deposit capture, online bill pay, ATM locator, card freeze/unfreeze controls, and secure messaging.
• Skip-A-Pay Loan Deferral Service that allows members to defer one monthly loan payment per year (a fee may apply), submitted through a Formstack-powered Skip-A-Pay form.
• Wire Transfer Services Incoming and outgoing wire transfer services available to credit union members, with wire instructions published on the Contact Us page.

Quantifiable outcome

• Interest rates as low as 5.24% APR for auto loans (36-month terms)
• +5 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Allpoint ATM NetworkcoreChannel Partner/ Reseller/ DistributorCPS IBEW FCU is a proud member of the Allpoint ATM Network, providing members fee-free access to cash at over 55,000 ATMs nationwide including CVS, Target, Walgreens, Kroger, Winn-Dixie and other retailers across all 50 states, Puerto Rico, Canada, Mexico, Australia, and the United Kingdom.
• TruStage InsuranceminorGTM or Marketing PartnerThird-party TruStage Insurance products offered as a resource to members through the credit union's website.
• OMNICOMMANDERcoreTechnology or IntegrationOMNICOMMANDER powers the CPS IBEW FCU website platform, providing the digital infrastructure for the credit union's online presence.
• SavvyMoneycoreTechnology or IntegrationSavvyMoney provides free credit score monitoring integrated into CPS IBEW FCU Home Banking and Mobile App, offering 24/7 access to credit scores, personalized tips, and alerts.
• Mastercard (eZCard)coreTechnology or IntegrationMastercard credit cards offered through CPS IBEW FCU with Single Sign-On (SSO) integration to eZCard website for seamless credit card management within Home Banking.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Local Government Federal Credit Union: Federal credit union serving public-sector and municipal employees in Texas. Directly comparable as a single-segment employer-affiliated federal credit union with similar field-of-membership restrictions on public-sector municipal employees.
• FirstLight Federal Credit Union: Federal credit union serving a defined employee/membership base in Texas. Comparable as a similarly-segmented community-chartered federal credit union offering a similar mix of consumer deposits and loans.
• Texas Dow Employees Credit Union (TDECU): Texas-based single-employer-originated federal credit union now serving broader communities. Comparable as a federal credit union that began as a defined-employer institution and scaled product offerings beyond its original field of membership.
• United Texas Credit Union: Texas-based community federal credit union serving select employer groups. Comparable as a small federally-chartered depository institution with employer-driven membership and standard consumer banking products.
• Generations Community Federal Credit Union: Community-chartered federal credit union serving San Antonio. Most directly comparable as a similarly-sized local depository institution offering consumer deposits, consumer loans, and digital banking to a defined membership base.

Broad incumbents

• Pentagon Federal Credit Union (PenFed): Large federally-chartered credit union with a defined-affiliation membership model (military/defense community). Comparable in terms of single-segment employer-affiliated field of membership and full-service depository/lending offerings, though at much greater scale.
• Security Service Federal Credit Union: Major San Antonio-based federal credit union. Comparable as a federally-chartered credit union in the same market offering similar deposit, lending, and digital banking products, though with substantially larger scale and broader membership.
• Randolph-Brooks Federal Credit Union: Large San Antonio-area federal credit union serving a broad multi-employer field of membership. Comparable as a regional federally-chartered credit union operating in the same geographic market with overlapping deposit and loan products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/cpsibewFCU
• LinkedInlinkedin.com/company/city-public-service-ibew-federal-credit-union

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 CPS IBEW Federal Credit Union