Kredito unija LITAS

What Kredito unija LITAS does

Kredito unija LITAS is a Lithuanian cooperative credit union (kooperatinė bendrovė) licensed by the Bank of Lithuania (License No. 72, granted March 10, 2010) and headquartered at Lietuvių g. 30-1, Kaunas, serving members in the Kaunas city/municipality and bordering municipalities. The union operates as a member-owned financial institution where each member purchases a mandatory share (pajus) of 30 EUR and pays a 15 EUR one-time membership fee; as of March 2025 it had 1,626 full members. Its product set centers on EUR-denominated bank accounts, term deposits advertised at up to 3.70% annual interest on 12-month deposits (and up to 2.50% on business current account balances), and loans spanning housing, business, consumer, and agricultural use, with individual lending decisions delivered within 48 hours and online application tracking.

Operationally, LITAS runs on the shared KREDA group infrastructure (Jungtinė centrinė kredito unija), a network of approximately 14 Lithuanian credit unions that jointly deploy the e.kreda internet banking platform, the KREDA mobile application for Android and iOS, the KREDA Prepaid Mastercard (with Google Pay integration on Android), and instant SEPA payments through the Bank of Lithuania's CENTROlink system. Distribution consists of a single Kaunas branch plus the digital channels, with non-deposit insurance products distributed via a strategic partnership with Compensa Vienna Insurance Group (announced 2022-08-02).

The revenue model is dominated by net interest income on a 39.0 million EUR loan portfolio funded by a 31.5 million EUR deposit base, supplemented by transaction fees on local transfers, card operations, cash handling, and account management. Disclosed 2024 results show revenue of 3.5 million EUR (+21% YoY) on total assets of 52.5 million EUR (+25%) and capital of 5.4 million EUR (+17%); reported pricing tiers include a 1.00 EUR/month standard service package and a 0.50 EUR/month social-support package, with a new Basic account package effective 2025-01-01. The institution is supervised by Lietuvos bankas and deposits are insured up to 100,000 EUR per depositor by VĮ Indėlių ir investicijų draudimas.

Name

Kredito unija LITAS

Legal name

Kooperatinė bendrovė kredito unija LITAS

Website

https://unijalitas.lt

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Kredito unija LITAS is a cooperative credit union licensed by the Bank of Lithuania (License No. 72) that serves 1,626 members in the Kaunas region with retail deposits (up to 3.70%), housing/consumer/agricultural/SME loans, the KREDA Prepaid Mastercard with Google Pay, and shared digital banking via the KREDA group.

Ownership category

akta.pro rank

Headquarters

HQ city

Kaunas

HQ country

Lithuania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income on Loans: Revenue generated from interest charged on issued loans including housing loans, business loans, and consumer loans. Loan portfolio reached 39.0 m EUR in 2024.
2. Payment Services Fees: Fees for local transfers, card operations, cash transactions, and account management services
3. Deposit Interest Spread: Revenue earned on the spread between lending rates and deposit rates offered to members

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Kredito unija LITAS is a cooperative credit union offering deposit savings, consumer, housing, business, and agricultural loans, EUR-denominated bank accounts, and a prepaid Mastercard to members in the Kaunas region of Lithuania. Services are delivered through a single Kaunas branch, the e.KREDA internet banking platform, and the KREDA mobile application, with lending decisions completed within 48 hours and deposits insured up to 100,000 EUR.

Product overview

Kredito unija LITAS is a cooperative-based financial institution operating under the KREDA (Jungtinė centrinė kredito unija) group. It offers a core banking portfolio comprising term deposit savings, loan products (housing, business, consumer, and agricultural loans), and EUR-denominated bank accounts. These are complemented by the KREDA Prepaid Mastercard (a Mastercard-branded payment card), the e.KREDA internet banking platform, and the KREDA mobile application for iOS and Android. The credit union also distributes insurance products through its strategic partner Compensa Vienna Insurance Group.

Differentiator

Problem solved

Functional benefit

Products and services

• Term Deposit Service (Terminuotų indėlių paslauga) Time deposits offering annual interest rates up to 3.70% for 12-month deposits, with individualized offers for members and a dedicated business deposit product paying up to 2.50% on current account balances. Available to credit union members in the Kaunas region.
• Loan Products (Paskolos) Lending services covering housing, business, consumer, and agricultural loans. Loans are disbursed within 48 hours with online application tracking through e.KREDA. Targeted at credit union members including private individuals, SMBs, and farmers in the Kaunas region.
• KREDA Prepaid Mastercard (KREDA kortelė) A prepaid Mastercard issued by the credit union enabling cash withdrawals at ATMs (up to 2,000 EUR per 10 operations per day), POS payments (up to 5,000 EUR per 30 operations per day), contactless payments, and Google Pay on Android. Credit limit up to 10,000 EUR. Available to members of KREDA group credit unions.
• Bank Account (Banko sąskaita) EUR-denominated client accounts for daily financial management, supporting local payments, tax payments, cash deposits and withdrawals at the branch, and internet banking access. Available with Standard (1.00 EUR/month) or Social Support (0.50 EUR/month) service packages.

Quantifiable outcome

• Loan decisions within 48 hours
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Compensa Vienna Insurance GroupcoreChannel Partner/ Reseller/ Distributor · 2 August 2022Strategic partnership for insurance distribution. Credit union offers Compensa insurance products including property insurance, vehicle insurance (TPVCA, Kasko), travel insurance, liability insurance, and workers' compensation insurance. No additional fees charged at the union. Customers receive personalized competitive insurance quotes.
• Jungtinė centrinė kredito unija (KREDA)coreStrategic or Co-development PartnerKredito unija Litas is a founding member and participant of the KREDA group, which unites 14 credit unions. The central credit union provides shared services including e.kreda digital banking platform, mobile application, instant payments infrastructure, and coordinates group strategy.
• VĮ Indėlių ir investicijų draudimascoreOthersState enterprise providing mandatory deposit insurance up to 100,000 EUR per depositor per institution, as required by Lithuanian law for all credit institutions.
• Svajonių 12 Real Estate DevelopmentminorStrategic or Co-development PartnerCo-financed a 1.5 million EUR real estate development project in Valakampiai district, Vilnius. Three residential buildings with 20 apartments totaling 1,800 m2.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Medicinos bankas: Lithuanian commercial bank focused on healthcare professionals and SMEs. Comparable as a Lithuanian niche deposit-taking institution serving specific member/professional segments, similar in mission-driven member focus though with broader commercial banking capabilities.
• Šiaulių bankas: Lithuanian regional commercial bank listed on Nasdaq Baltic, providing deposit, lending, and payment services across Lithuania. Comparable as a Lithuanian deposit-taking institution with regional focus, though at significantly larger scale and broader product set than Litas.
• SEB bankas: Major Lithuanian commercial bank and subsidiary of SEB Group, providing full universal banking services across retail, corporate, and wealth management. Comparable as a major competitor in the Lithuanian deposit and lending market with significant scale advantage over Litas.
• Swedbank Lietuvoje: Major Lithuanian commercial bank and subsidiary of Swedbank Group, offering full retail and corporate banking. Comparable as a major competitor in the Lithuanian deposit and lending market with material scale and product breadth advantage versus Litas.
• Luminor Lietuva: Major Baltic commercial bank operating across Lithuania, Latvia, and Estonia with full retail, SME, and corporate banking capabilities. Comparable as a major Baltic competitor with universal banking capabilities and broader geographic reach than Litas.

Direct peers

• Jungtinė centrinė kredito unija (KREDA): Central credit union coordinating the KREDA network of 14 Lithuanian credit unions, including Litas. Provides shared digital infrastructure (e.kreda platform, mobile app, instant payments) and group strategy — directly comparable as a cooperative financial institution in the Lithuanian market.
• Akademinė kredito unija: Lithuanian credit union and fellow KREDA group member, co-financed a 1.5m EUR syndicated real estate loan together with Litas. Operates as a member-owned cooperative providing deposit and lending services — directly comparable in business model, regulatory environment, and scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/unijalitas
• LinkedInlinkedin.com/company/kredito-unija-litas
• Instagraminstagram.com/kredito_unija_litas

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Kredito unija LITAS