University Federal Credit Union
University Federal Credit Union is a not-for-profit, member-owned financial cooperative founded in 1937 in Grand Forks, North Dakota. It provides savings, loans, and other retail banking services at reasonable rates to UND faculty, staff, students, and affiliated community members.
- Company typePrivate
- Founded1937
- HeadquartersGrand Forks, United States
- Headcount251–500
- GTM typeB2C
- OfferingServices
What University Federal Credit Union does
University Federal Credit Union (UFCU) is a not-for-profit, member-owned financial cooperative headquartered in Grand Forks, North Dakota, founded in 1937. The institution provides quality financial services at reasonable rates, distributing surplus earnings back to members rather than to outside shareholders. Its core product set consists of standard retail banking offerings including savings accounts and loans, though no granular product catalog, pricing, or rate sheet is disclosed in the source material.
UFCU's field of membership is anchored to the University of North Dakota community. Eligible members include UND faculty, staff, and students; immediate family of existing members; organizations whose members hold credit union membership; employees of the ND School for the Blind located in Grand Forks; civilian and military employees of the US government; and State of North Dakota employees working on the UND campus. This membership definition creates a defined, geographically concentrated member base centered on a single university ecosystem.
The institution operates with 251–500 employees and is privately held by its members, with no disclosed institutional, private equity, or venture capital ownership. No revenue, asset size, funding history, M&A activity, leadership team detail, technology stack, AI capabilities, product launches, partnerships, or awards are disclosed in the available source material. As a result, UFCU appears to be a stable, operationally focused community credit union whose strategic posture is best characterized as incremental and member-service driven rather than growth-stage or technology-led.
University Federal Credit Union firmographics
Firmographics- Name
- University Federal Credit Union
- Legal name
- University Federal Credit Union
- Website
- https://universityfederalcu.org
- Company type
- Private
- Founded year
- 1937
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- University Federal Credit Union is a not-for-profit, member-owned financial cooperative founded in 1937 in Grand Forks, North Dakota. It provides savings, loans, and other retail banking services at reasonable rates to UND faculty, staff, students, and affiliated community members.
- Ownership category
- akta.pro rank
University Federal Credit Union industry classification
Industry- Product category
- Retail Banking
- NAICS
- Credit Unions (52213), Credit Unions (522130)
- SIC
- Savings Institution, Federally Chartered (6035)
- akta.pro primary industry
- Student/University Credit Unions (FSABAEAJ)
- akta.pro secondary industries
- Employer/Occupational Credit Unions (FSABAEAB), Public Sector & Municipal Credit Unions (FSABAEAK)
Keywords
Where University Federal Credit Union is headquartered
LocationHeadquarters
- HQ city
- Grand Forks
- HQ country
- United States
- HQ region
- North America
Markets served
University Federal Credit Union business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
University Federal Credit Union product offering
Product offeringCore offering
University Federal Credit Union is a member-owned, not-for-profit financial cooperative that provides quality retail banking products and services — including savings accounts, loans, and other standard financial offerings — at reasonable rates to its defined membership base. The credit union has served the UND community and related eligible groups continuously since 1937, reinvesting earnings back into member services rather than distributing profits to outside shareholders.
Product overview
University Federal Credit Union is a not-for-profit financial services institution founded in 1937. The company offers a range of financial products and services to its members, including UND faculty, staff, and students, immediate family of members, organizations of members, employees of the ND School for the Blind in Grand Forks, civilian and military employees of the US government, and employees of the State of ND who work on UND's campus. The specific names of individual products or modules are not detailed in the available source material.
Differentiator
Problem solved
Functional benefit
Products and services
- Savings Accounts Standard retail savings deposit accounts offered to credit union members at reasonable rates as part of the institution's core retail banking lineup. Targeted at individuals within the defined field of membership, including UND faculty, staff, students, family members, and eligible employee groups.
- Loan Products Retail loan products offered to credit union members at reasonable rates as part of the institution's core retail banking lineup. Targeted at individuals within the defined field of membership, including UND faculty, staff, students, family members, and eligible employee groups.
- General Financial Services Quality, not-for-profit financial services offered at reasonable rates to credit union members. Targeted at individuals within the defined field of membership, including UND faculty, staff, students, immediate family of members, organizations of members, employees of the ND School for the Blind in Grand Forks, civilian and military employees of the US government, and State of ND employees on UND's campus.
Companies that use University Federal Credit Union
Customer profileSegments6 records
Ideal customer profiles4 records
University Federal Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
University Federal Credit Union partnerships and signals
Strategic signalScale indicators1 record
Recent moves2 records
Expansion highlights1 record
University Federal Credit Union competitors and assessment
Company assessmentDirect peers
- BECU (Boeing Employees Credit Union): Large employer-anchored not-for-profit credit union originally serving Boeing employees and now a broader Washington-state field of membership. Comparable single-employer-anchored CU model with subsequent membership expansion.
- Purdue Federal Credit Union: University-anchored federal credit union serving the Purdue University community. Same membership model — faculty, staff, students, and affiliated groups — making it a close structural peer.
- University of Iowa Community Credit Union (UICCU): Community credit union serving the University of Iowa ecosystem. Comparable as a regional, university-anchored not-for-profit cooperative with similar member eligibility patterns.
- SchoolsFirst Federal Credit Union: Large federal credit union serving school employees and education-affiliated members in California. Comparable employer-anchored membership model and not-for-profit cooperative structure, though at significantly larger scale.
- Michigan State University Federal Credit Union (MSUFCU): Large university-affiliated federal credit union serving the Michigan State University community. Directly comparable as a university-anchored CU with overlapping membership criteria and similar not-for-profit cooperative model.
- University of Wisconsin Credit Union (UWCU): University-affiliated credit union serving the University of Wisconsin community and broader field of membership. Directly comparable in mission, structure, and university-employee focus.
Broad incumbents
- Alliant Credit Union: Digital-first credit union serving employees of partner universities and major employers nationwide. Comparable university-affiliated membership foundation but with a much broader geographic and digital footprint.
Regional players
- Connexus Credit Union: Wisconsin-based cooperative credit union with employer-based membership groups and digital reach. Comparable cooperative, employer-affiliated membership model with adjacent regional presence.
- Affinity Plus Federal Credit Union: Minnesota-based member-owned credit union with a state-level field of membership and employer partnerships. Comparable cooperative structure and member-ownership ethos, serving a neighboring regional market.
- Bellco Credit Union: Colorado-based member-owned cooperative credit union offering full retail banking services. Comparable not-for-profit member-owned model, though operating in a different geographic market.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
University Federal Credit Union social profiles
Digital presenceUniversity Federal Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
University Federal Credit Union leadership team
Management profileNumber of profiles
University Federal Credit Union funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
University Federal 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 University Federal Credit Union
What does University Federal Credit Union do?
University Federal Credit Union is a member-owned, not-for-profit financial cooperative that provides quality retail banking products and services — including savings accounts, loans, and other standard financial offerings — at reasonable rates to its defined membership base. The credit union has served the UND community and related eligible groups continuously since 1937, reinvesting earnings back into member services rather than distributing profits to outside shareholders.
Is University Federal Credit Union a public or private company?
University Federal Credit Union is a private company. It is classified as management employee owned and is currently operating.
When was University Federal Credit Union founded?
University Federal Credit Union was founded in 1937. It employs 251 to 500 people.
Where is University Federal Credit Union based?
University Federal Credit Union is headquartered in Grand Forks, United States, in the North America region.
Who are University Federal Credit Union's main competitors?
Direct peers on record are BECU (Boeing Employees Credit Union), Purdue Federal Credit Union, University of Iowa Community Credit Union (UICCU), SchoolsFirst Federal Credit Union, Michigan State University Federal Credit Union (MSUFCU) and University of Wisconsin Credit Union (UWCU). Alliant Credit Union is listed as a broad incumbent. Regional players are Connexus Credit Union, Affinity Plus Federal Credit Union and Bellco Credit Union.
Does University Federal Credit Union have an API?
No public API is recorded for University Federal Credit Union.
What industry is University Federal Credit Union in?
University Federal Credit Union's product category is Retail Banking. Its primary akta.pro industry code is FSABAEAJ, Student/University Credit Unions, with a secondary code of FSABAEAB, Employer/Occupational Credit Unions. Its NAICS code is 52213 and its SIC code is 6035.