Suny Fredonia Federal Credit Union
- Company typePrivate
- Founded1975
- HeadquartersFredonia, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
Suny Fredonia Federal Credit Union firmographics
Firmographics- Name
- Suny Fredonia Federal Credit Union
- Legal name
- SUNY Fredonia Federal Credit Union
- Website
- https://sunyfredoniafcu.com
- Company type
- Private
- Founded year
- 1975
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Suny Fredonia Federal Credit Union industry classification
Industry- Product category
- Retail Banking
- NAICS
- Credit Unions (522130)
- SIC
- Savings Institution, Federally Chartered (6035)
- akta.pro primary industry
- Student/University Credit Unions (FSABAEAJ)
- akta.pro secondary industry
- Employer/Occupational Credit Unions (FSABAEAB)
Keywords
Where Suny Fredonia Federal Credit Union is headquartered
LocationHeadquarters
- HQ city
- Fredonia
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Suny Fredonia Federal Credit Union business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- Interest Income on Loans: The credit union earns interest income on various loan products including auto loans, personal loans, RV loans, share secured loans, and seasonal loans. Rates vary by credit score and loan term.
- Share Savings Deposits: Members maintain share savings accounts that establish membership. The credit union uses these deposits to fund loans. Interest is paid on savings (APY listed for share certificates up to 3.50%).
- Fee Income: Various fees including overdraft/NSF fees ($25), wire transfer fees ($3-$95), stop payments ($10), check copies ($2), card replacement fees ($10-$50), and others as listed in the fee schedule.
- Insurance Products: Commission income from TruStage insurance products including Credit Life and Credit Disability Insurance, GAP Insurance ($250), and referrals to TruStage Auto/Home insurance.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | New Vehicle Loans (2024 or Newer) |
| Other | Monthly | Used Vehicle Loans (2024-2014 models) |
| Other | Monthly | Used Vehicle Loans (2013-2007 models) |
| Other | Monthly | Recreation Vehicle Loans |
| Other | Monthly | Personal Loans |
| Other | Monthly | Share Secured Loans |
| Other | Monthly | Certificate Secured Loans |
| Other | Monthly | Overdraft Line of Credit |
| Other | Monthly | Vacation Loans |
| Subscription | Annual | One Year Share Certificate |
| Subscription | Monthly | Share & Club Accounts |
| Subscription | Monthly | IRA Share Account |
| Other | Monthly | Account Fees |
| Subscription | Monthly | Share Savings Account |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels5 records
Suny Fredonia Federal Credit Union product offering
Product offeringCore offering
SUNY Fredonia Federal Credit Union is a federally chartered, not-for-profit cooperative credit union that provides deposit accounts (share savings, checking, club accounts, IRAs, share certificates), consumer loans (auto, personal, RV, share-secured, certificate-secured, seasonal, overdraft line of credit), debit card services, and digital banking (online and mobile with remote deposit capture) to its defined field of membership. Member-owned and NCUA-insured, the credit union primarily serves SUNY Fredonia employees, students, alumni, and their families in the Western New York region.
Product overview
SUNY Fredonia Federal Credit Union operates as a traditional credit union serving SUNY Fredonia employees, students, alumni, and affiliated groups in Fredonia, NY. The institution offers a comprehensive suite of financial products organized into four core pillars: (1) Deposit products including Share Savings Accounts, Checking (Share Draft), Sub Share Accounts, and Club Accounts (Pink & Blue, Holiday, Vacation); (2) Lending products spanning New & Used Auto Loans, Personal Loans, Recreational Vehicle Loans, Share Secured Loans, Certificate Secured Loans, Seasonal Loans (Vacation/Holiday), and Overdraft Lines of Credit; (3) Investment products including Share Certificates and Traditional/Roth IRA Accounts; and (4) Protection products through TruStage (Credit Life, Credit Disability, GAP, AD&D, Car & Home Insurance). Digital banking is delivered via Online Banking (Home Banking), Mobile Banking App, and Remote Deposit Capture. The credit union partners with Allpoint Network for surcharge-free ATM access, VISA for debit/credit card processing, and offers student loans through Sallie Mae and mortgages through OwnersChoice.
Differentiator
Problem solved
Functional benefit
Products and services
- Share Savings Accounts
- Sub Share Accounts
- Checking Accounts (Share Draft)
- Club Accounts (Pink & Blue, Holiday, Vacation)
- Share Certificates
- IRA Accounts (Traditional & Roth)
- New & Used Auto Loans
- Personal Loans
- Share Secured Loans
- Certificate Secured Loans
- Seasonal Loans (Vacation & Holiday)
- Overdraft Line of Credit
- Recreational Vehicle Loans
- VISA Check Card
- TruStage Credit Life and Credit Disability Insurance
- GAP Insurance
- Online Home Banking
- Mobile Banking App
- Remote Deposit Capture
- Vehicle Auctions
Quantifiable outcome
- Auto loans as low as 1.9% APR for qualified buyers
- +3 more outcomes
Companies that use Suny Fredonia Federal Credit Union
Customer profileSegments4 records
Ideal customer profiles3 records
Suny Fredonia Federal Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
Feature3 records
Suny Fredonia Federal Credit Union partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered minor and core.
- InnerLakes Federal Credit UnionminorShared branching partnership allowing SUNY Fredonia FCU members to conduct transactions at InnerLakes FCU's Silver Creek branch including cash/check deposits, withdrawals up to $500, and check cashing. Members must present valid ID and proof of SUNY Fredonia FCU membership.
- Allpoint NetworkcoreSurcharge-free ATM network providing SUNY Fredonia FCU members access to 55,000+ ATM locations across the US, Canada, Mexico, Puerto Rico, UK, and Australia. Includes major retailers like CVS, Costco, Dollar General, Target, Walgreens, and Whole Foods.
- TruStagecoreInsurance products provider offering Credit Life and Credit Disability Insurance, GAP Insurance, AD&D Insurance, and Auto/Home Insurance. TruStage is the marketing brand for CUNA Mutual Group's consumer-facing insurance products.
- Owner's ChoiceminorMortgage services provider linked from SUNY Fredonia FCU website. Note: SUNY Fredonia FCU does not process mortgages directly but refers members to Owner's Choice for mortgage needs.
- Sallie MaeminorStudent loan provider referenced on website for student loan needs. SUNY Fredonia FCU directs members to Sallie Mae for educational financing with a designated MPID and routing code.
- Buyer's Edge IncminorDiscount buying service offering 'Lowest Prices Guaranteed' on major purchases including appliances, TVs, cars, furniture, and 25 other categories. SUNY Fredonia FCU Group #730 provides member access.
- AscensusminorRetirement services provider that handles IRA death claims and beneficiary communications for SUNY Fredonia FCU members with Individual Retirement Accounts.
- Realtime Home BankingcoreOnline banking platform provider enabling 24/7 account access, e-statements, tax documents, and member enrollment. URL: realtimehomebanking.com with SUNY Fredonia FCU client ID 21851.
Scale indicators9 records
Expansion highlights5 records
Suny Fredonia Federal Credit Union competitors and assessment
Company assessmentBroad incumbents
- Community Bank, N.A. A large New York and Pennsylvania community bank that competes for consumer and small-business banking relationships across upstate and Western New York.
- KeyBank: A large national bank with significant upstate New York and Western New York branch presence, competing for the same consumer banking relationships as a broad-based incumbent.
- M&T Bank: A major regional bank headquartered in Buffalo, NY with deep Western New York presence; competes for the same consumer deposit and lending relationships but as a much larger diversified incumbent.
- Kinecta Federal Credit Union: A large Southern California-based federal credit union with a broad community charter and full digital and lending capabilities, providing a comparable product mix at much larger scale.
- ESL Federal Credit Union: A large Rochester, NY-based federal credit union operating across Western New York; serves a similar regional member base with a much broader product set and branch network, representing a larger-scale incumbent in the same geographic market.
Emerging players
- Alliant Credit Union: A digital-first credit union offering nationwide membership with competitive deposit and loan products; represents the neobank-style competitive threat from a digitally-led, low-overhead model targeting members like SUNY Fredonia FCU's.
Direct peers
- SchoolsFirst Federal Credit Union: A large California-based federal credit union serving school employees and their families — a closely analogous employer/affiliation-based field of membership model with similar deposit, lending, and digital service offerings.
- CFCU Community Credit Union: An Ithaca, NY-based community credit union originally serving Cornell University employees and students; comparable in serving a New York university community with a full suite of deposit, lending, and digital banking products.
- InnerLakes Federal Credit Union: A small New York-based federal credit union that operates a shared-branching partnership with SUNY Fredonia FCU, serving a comparable member-base in Western New York with a similar cooperative model and product suite.
- University Federal Credit Union: A Texas-based credit union serving the University of Texas and surrounding community with a comparable university-affiliated membership structure and full product suite including auto, mortgage, and digital banking.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Suny Fredonia Federal Credit Union social profiles
Digital presenceSuny Fredonia Federal Credit Union compliance and trust
Trust signalCompliance2 records
Suny Fredonia Federal Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
Suny Fredonia Federal Credit Union leadership team
Management profileNumber of profiles
Profiles1 record
Suny Fredonia Federal Credit Union funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Suny Fredonia 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 Suny Fredonia Federal Credit Union
What does Suny Fredonia Federal Credit Union do?
SUNY Fredonia Federal Credit Union is a federally chartered, not-for-profit cooperative credit union that provides deposit accounts (share savings, checking, club accounts, IRAs, share certificates), consumer loans (auto, personal, RV, share-secured, certificate-secured, seasonal, overdraft line of credit), debit card services, and digital banking (online and mobile with remote deposit capture) to its defined field of membership. Member-owned and NCUA-insured, the credit union primarily serves SUNY Fredonia employees, students, alumni, and their families in the Western New York region.
Is Suny Fredonia Federal Credit Union a public or private company?
Suny Fredonia Federal Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Suny Fredonia Federal Credit Union founded?
Suny Fredonia Federal Credit Union was founded in 1975. It employs 11 to 50 people.
Where is Suny Fredonia Federal Credit Union based?
Suny Fredonia Federal Credit Union is headquartered in Fredonia, United States, in the North America region.
How does Suny Fredonia Federal Credit Union make money?
Four revenue lines are on record. Interest Income on Loans are the primary driver. The others are share Savings Deposits, fee Income and insurance Products.
Who are Suny Fredonia Federal Credit Union's main competitors?
Broad incumbents on record are Community Bank, N.A., KeyBank, M&T Bank, Kinecta Federal Credit Union and ESL Federal Credit Union. Alliant Credit Union is listed as an emerging player. Direct peers are SchoolsFirst Federal Credit Union, CFCU Community Credit Union, InnerLakes Federal Credit Union and University Federal Credit Union.
Does Suny Fredonia Federal Credit Union have an API?
No public API is recorded for Suny Fredonia Federal Credit Union.
What industry is Suny Fredonia Federal Credit Union in?
Suny Fredonia 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 522130 and its SIC code is 6035.