Sherwin-Williams Community Credit Union

What Sherwin-Williams Community Credit Union does

Sherwin-Williams Community Credit Union is a not-for-profit, member-owned community-chartered credit union founded in 1936 and headquartered at 16230 Prince Drive, South Holland, Illinois. It was originally established to serve Sherwin-Williams employees and their families and has subsequently expanded its field of membership to include employees of more than 80 partner companies (including Columbia College Chicago, DeVry Institute, the American Red Cross, Sheraton, and Accounters Community Center) plus community residents living or working within the geographic boundaries of US 30 (South), 95th Street (North), the Illinois/Indiana border (East), and Cicero Avenue (West). The institution is NCUA-insured and holds an NMLS ID of 419851, and it is governed by a volunteer board of directors elected by members.

The credit union's product set covers the full retail banking spectrum: deposit products include free checking, share/savings accounts ($25 minimum), Christmas Club accounts ($5 minimum), money market ($1,000 minimum), traditional and Roth IRAs ($5 minimum), and share certificates / CDs with $1,000 minimum and 6-month to 5-year terms. Lending products include auto loans (up to 100% financing, terms to 84 months, 1% rate discount with 20% down), first mortgages (fixed and variable, VA), HELOCs up to $100,000 with a 10-year draw and 10-year payoff, fixed-rate home equity loans up to $50,000, signature loans, share-secured loans, student loans via Sallie Mae, and a proprietary Flash Cash small-dollar loan ($300/$500/$700 with flat fee repaid via direct deposit). Card products include Visa credit cards (no annual fee), Visa debit/ATM cards with chip technology, CUMONEY prepaid travel and everyday spend cards, and Visa gift cards.

The institution's revenue model is interest- and fee-driven: net interest margin on loans (auto, mortgage, HELOC, signature, Flash Cash) forms the principal income stream, supplemented by Visa interchange, overdraft fees, money order fees ($2.00), cashier's check fees ($3.50), and ancillary service charges. The technology stack is third-party rather than proprietary — Financial Net powers the online banking portal, mobile banking is delivered as a separate app, and the credit union integrates with EZ Card Info (card management), Star Network and MoneyPass (ATM access), Loanliner.com (loan calculators), and Money Gram (money orders). Distribution combines a single physical branch in South Holland with the CO-OP Shared Branching network (5,400+ locations), the Star Network (30,000+ surcharge-free ATMs), and MoneyPass, providing effective national reach for a sub-100-employee institution. The credit union employs 51-100 people and serves approximately 6,000 members.

Name

Sherwin-Williams Community Credit Union

Legal name

Sherwin-Williams Community Credit Union

Website

https://swcu.org

Company type

Private

Founded year

1936

Operating status

Operating

Headcount range

51–100 employees

Short description

Sherwin-Williams Community Credit Union is a not-for-profit, member-owned community credit union founded in 1936 and headquartered in South Holland, Illinois, serving approximately 6,000 members including Sherwin-Williams employees, employees of 80+ partner organizations, and community residents within defined Chicago-area geographic boundaries.

Ownership category

akta.pro rank

Product category

Credit Union / Retail Banking

NAICS

Credit Unions (52213)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

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

akta.pro secondary industry

Credit Cards & Revolving Credit (FSABAAAC)

Keywords

• Community credit union
• Consumer lending
• Deposit accounts
• Retail banking services
• Membership banking

Headquarters

HQ city

South Holland

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

Revenue model

1. Loan Interest: Interest income from vehicle loans, mortgage loans, home equity loans, signature loans, and Flash Cash payday loans.
2. Service Fees: Fees charged for services including Money Orders ($2.00), Cashier's Checks ($3.50), check reorders, and other ancillary services.
3. Credit Card Interchange: Visa credit and debit card transaction fees and interchange revenue.
4. Deposit Account Fees: Fee-based services including overdraft protection and other checking account services.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

A community-chartered credit union providing retail banking products and consumer lending services — including checking, savings, certificates/IRAs, credit cards, mortgages, auto loans, home equity, and signature loans — to Sherwin-Williams employees, their families, and members of qualifying employer groups and communities in its field of membership.

Product overview

Sherwin-Williams Community Credit Union is a full-service, community-chartered credit union offering a comprehensive suite of financial products. The portfolio centers on deposit accounts (checking, savings/share accounts, money market, IRAs, CDs) and lending products (auto loans, mortgage loans, home equity products, signature loans, student loans, Flash Cash payday alternative). Card services include VISA credit cards, debit/ATM cards, and CUMONEY prepaid/reloadable cards. Digital banking is delivered through online and mobile platforms. The credit union serves nearly 6,000 members across over 80 employer groups in the Chicago area.

Differentiator

Problem solved

Functional benefit

Products and services

• Checking and Savings Accounts Standard share (savings) and checking deposit accounts for credit union members, used for daily consumer banking, bill payment, and savings.
• Certificates of Deposit (CDs) and IRAs Term-savings certificates and Individual Retirement Accounts offered to members for longer-term savings and retirement planning.
• Visa / Flash Cash Rewards Credit Card Rewards-bearing Visa credit card (with Flash Cash / scoreboard promotional features) for credit union members' consumer purchases.
• Consumer Loans (Auto, Mortgage, Home Equity, Signature, Share-Secured) Suite of secured and unsecured consumer loan products made available to qualifying members for vehicle purchases, home purchase or refinance, home equity borrowing, and personal/signature credit needs.
• TRUSTAGE Insurance Products Insurance offerings (auto, home, life) made available to members through a partnership with TRUSTAGE (members-only insurance program).
• Online Banking Services Member-accessible online banking portal enabling digital account access, balance inquiry, and electronic transactions for credit union members.

Quantifiable outcome

• NCUA insured up to $250,000 per depositor

Named customers1 record

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• CO-OP Credit UnionscoreChannel Partner/ Reseller/ DistributorCO-OP Shared Branching partnership providing access to over 5,400 branch locations nationwide, enabling members to conduct transactions at any CO-OP shared branch location across the country.
• Star NetworkcoreTechnology or IntegrationStar Network partnership providing access to over 30,000 surcharge-free ATMs nationwide for SWCU members.
• Enterprise Car SalesminorGTM or Marketing PartnerFree car buying service offered to auto loan members through Enterprise Car Sales partnership.
• CarQuotesminorGTM or Marketing PartnerFree car buying service offered to auto loan members through CarQuotes partnership.
• Sallie MaeminorGTM or Marketing PartnerStudent loan partner providing smart option student loans for education financing.
• TrustageminorGTM or Marketing PartnerTrustage partnership offering insurance and financial products to SWCU members.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• BCU (Baxter Credit Union): Employer-affinity chartered credit union serving employees of select companies and their families, with a comparable member-base structure and full-service deposit/lending offering. Highly analogous to SWCU's employer-group-led membership model.
• First Tech Federal Credit Union: Serves employees of technology and other partner companies, with full-service banking, lending, and credit cards. Comparable employer-affinity charter model and product breadth to SWCU.
• Affinity Federal Credit Union: Community-chartered credit union with employer-group eligibility and a similar mix of deposit accounts, consumer loans, mortgages, and credit cards. Closely comparable field-of-membership structure and product suite to SWCU.
• SchoolsFirst Federal Credit Union: Serves employees of a defined employer group (California schools) and their families, with full deposit/lending/mortgage products. Directly comparable single-anchor-employer credit union model to SWCU's Sherwin-Williams base.
• Bethpage Federal Credit Union: Originated as an employer-affinity credit union (Grumman) and expanded via community charter to Long Island residents. Closely parallels SWCU's employer-rooted, community-extended membership evolution.
• Boeing Employees Credit Union (BECU): Originally founded for Boeing employees and now extended via community charter to broader Washington-state residents. Directly comparable as an employer-anchored credit union that expanded its membership model over time, mirroring SWCU's SW-employee origins and community extension.

Broad incumbents

• America First Credit Union: Large community-chartered credit union offering a comparable full suite of deposit, lending, mortgage, and card products. Comparable community-charter product mix, but operating at substantially greater scale than SWCU.
• Alliant Credit Union: Open-charter digital-first credit union offering nationwide membership to employees of partner organizations and qualifying associations. Comparable in product breadth and employer-affinity channel, but with materially larger scale and broader geographic reach.
• Digital Federal Credit Union (DCU): Originally founded for a defined employee group (Digital Equipment Corporation) and now serving a broad employer/affinity community. Analogous origin story and current product breadth to SWCU, but at significantly greater scale.

Emerging players

• Self-Help Credit Union: Community-development focused credit union serving employer groups and underserved geographies. Comparable community-charter approach and small-dollar consumer lending mission, with a stronger development-lending orientation.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Sherwin-Williams-Credit-Union-680497658724607

Compliance2 records

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 Sherwin-Williams Community Credit Union