CAMC Federal Credit Union

What CAMC Federal Credit Union does

CAMC Federal Credit Union (CAMC FCU) is a federally chartered, not-for-profit, member-owned cooperative financial institution established in 1977 and headquartered at 3400 MacCorkle Avenue, SE, Charleston, West Virginia. The credit union operates a closed field-of-membership restricted to employees of the Charleston Area Medical Center (CAMC) and Vandalia Health, their immediate family and household members, medical staff with hospital privileges, contract workers, volunteers, and retirees/annuitants from these employer groups. Per disclosed scale metrics, CAMC FCU manages over $75 million in assets for more than 5,000 members, making it the seventh-largest credit union in the Kanawha Valley; the institution is federally insured by the National Credit Union Administration to $250,000 per depositor, is designated an Equal Housing Lender, and operates with no parent company or external institutional capital under a member-elected volunteer board.

Service delivery is layered across three channels: a single physical branch (Monday-Friday lobby 8:30 a.m. to 4:00 p.m.; drive-thru 7:15 a.m. to 5:45 p.m.), an ATM network embedded inside five CAMC hospital facilities (Memorial, General, Women and Children's, Teays Valley, and Innovation Center), and digital banking comprising a Sharetec-powered online platform (CU-Online), a proprietary mobile application with mobile deposit (daily limit $2,500), and Key-24 automated telephone banking. The product set spans deposit accounts (Prime Savings from $5, Split Rate Savings from $5,000, Share Draft and Premier Checking, Club Accounts, Share Certificates 6-36 months, Traditional/Roth/Educational/Rollover IRAs), consumer lending (auto, fixed and ARM mortgages with 3% down and 2-day approval, HELOC up to 85% LTV, personal/signature, share-secured, vacation and Christmas seasonal loans, and RV loans for boats, motorcycles, ATVs, and jet skis), and card products issued through Elan Financial Services on the Visa and Mastercard networks. Ancillary services include direct deposit, wire transfers, notary, coin counting, official checks ($2), stop payments ($27), Harland Clarke check reordering, Sallie Mae student loan referrals, and TruStage insurance.

Revenue mechanics follow a standard community-credit-union model: net interest income on the consumer loan portfolio and card receivables, plus transaction and service fees on deposit accounts and ancillary products. The go-to-market motion is community-led and workplace-embedded; member acquisition runs through hospital-channel presence, member referrals, quarterly on-site hospital visits, an annual meeting (with the 50th anniversary scheduled for March 4, 2027, charter date March 4, 1977), and content marketing via the Monthly Money Tips blog and a working Apple/Google mobile app, with no consumer-facing or open-market acquisition effort. Operational scale is modest at nine employees and a single branch; a 2026-announced facility renovation focused on private member offices, loan-closing conference space, and teller/drive-thru redesign signals reinvestment in existing-member experience rather than footprint expansion.

Name

CAMC Federal Credit Union

Legal name

CAMC Federal Credit Union

Website

https://camcfcu.com

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

1–10 employees

Short description

CAMC Federal Credit Union is a federally chartered, member-owned cooperative credit union founded in 1977, serving over 5,000 employees and families of the Charleston Area Medical Center and Vandalia Health in the Kanawha Valley. It manages over $75 million in assets across one branch, a hospital-embedded ATM network, and digital banking.

Ownership category

akta.pro rank

Product category

Retail Banking (Credit Union)

NAICS

Credit Unions (522130)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

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

Keywords

• Credit union services
• Consumer deposit accounts
• Consumer lending products
• Home mortgage lending
• Member-owned banking

Headquarters

HQ city

Charleston

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Loans: Interest earned on auto loans, home mortgages, HELOCs, personal loans, recreational vehicle loans, and credit cards issued through Elan Financial Services
2. Deposit Account Fees and Services: Fees from share draft checking, stop payments ($27.00 per stop), wire transfers, official checks, counter checks, and other account services
3. Check Reorder Services: Revenue from Harland Clarke check ordering services with published fee schedules
4. Investment Income: Income generated from managing $75 million in assets through member deposits

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels9 records

Core offering

CAMC Federal Credit Union is a closed-membership, not-for-profit cooperative that provides consumer banking and lending products to employees of Charleston Area Medical Center (CAMC) and Vandalia Health, plus their families, retirees, and contract workers. Its offerings span deposit products (Prime Savings, Split Rate Savings, Share Draft and Premier Checking, Club Accounts, Share Certificates, IRAs), consumer loans (auto, home mortgage, HELOC, personal/signature, share-secured, recreational vehicle, vacation and Christmas), and credit cards, delivered through a single branch, hospital-based ATMs, online/mobile banking, and direct deposit.

Product overview

CAMC Federal Credit Union operates as a member-owned financial cooperative offering a comprehensive suite of banking products and services. The institution provides deposit products including Prime Savings, Split Rate Savings, Share Draft Checking, Premier Checking, Club Accounts (Christmas, Vacation, Back-to-School), Share Certificates, and IRAs (Traditional, Roth, Educational, Rollover). Lending products encompass Auto Loans, Home Mortgages, HELOC, Personal/Signature Loans, Vacation Loans, Christmas Loans, Share Secured Loans, Recreational Vehicle Loans, and Credit Cards through Elan Financial Services. Digital banking capabilities include CU-Online web banking (powered by Sharetec), Mobile App with Mobile Deposit, Key-24 telephone banking, Direct Deposit, and wire transfer services. Additional member services include notary, coin counter, official/counter checks, and discount programs through Working Advantage.

Differentiator

Problem solved

Functional benefit

Products and services

• Prime Savings Primary savings account serving as the membership share account, requiring $5.00 minimum to open. Limited to six withdrawal transactions per calendar month under Federal Reserve regulations. Target member: eligible CAMC and Vandalia Health employees establishing membership.
• Split Rate Savings

Quantifiable outcome

• Over $75 million in assets managed for members
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Elan Financial ServicescoreTechnology or IntegrationElan Financial Services provides Visa credit cards for CAMC FCU members. Elan handles card issuance, fraud liability (zero fraud liability for unauthorized transactions), and cardmember services available 24/7. Both consumer and business credit cards are offered through this partnership.
• ShareteccoreTechnology or IntegrationSharetec provides the core banking technology platform powering CAMC FCU's CU-Online online banking system. Members access accounts, transfers, and statements through this Sharetec-powered platform.
• Working AdvantageminorGTM or Marketing PartnerWorking Advantage provides employee discount programs accessible to CAMC FCU members using company code 'camcperks'. Discounts include theme parks, water parks, ski resorts, hotels, flights, cruises, fitness memberships, groceries, electronics, and more.
• ACE Adventure ResortminorGTM or Marketing PartnerACE Adventure Resort offers 20% off all adventures including whitewater rafting, zip-lining, rock climbing, and hiking for CAMC FCU members using discount code 25CREDIT.
• TruStageminorGTM or Marketing PartnerTruStage provides insurance services offered through CAMC FCU, including various insurance products marketed to credit union members.
• VisacoreTechnology or IntegrationVisa provides the payment network infrastructure for CAMC FCU debit and credit cards. Services include Verified by Visa security, contactless tap-to-pay functionality, and worldwide acceptance at millions of merchant locations.
• MastercardcoreTechnology or IntegrationMastercard provides payment network infrastructure for CAMC FCU cards, enabling global acceptance and transaction processing through its network.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• First Tech Federal Credit Union: Closed-membership employer-based credit union serving technology and healthcare-vertical employees. Comparable on employer-defined field of membership, multi-channel digital banking, and full-service consumer lending model.
• Xceed Financial Credit Union: Closed-membership credit union serving healthcare and aerospace employees. Directly comparable healthcare-employer field of membership, similar loan/deposit product set, and community-cooperative positioning.
• Healthcare Federal Credit Union: Closed-membership credit union serving employees of specific healthcare systems. Directly comparable on healthcare-vertical employer membership, similar deposit/loan product mix, and member-owned cooperative structure.
• Centra Credit Union: Indiana-based closed-membership federal credit union serving Columbus Regional Health and other healthcare-system employees. Directly comparable to CAMC FCU in employer-closed healthcare membership model, scale (~$400M assets), and full-service consumer banking offering.

Broad incumbents

• Alliant Credit Union: Digital-first credit union with employer-group and community membership eligibility. Comparable on member-owned model and deposit/loan product breadth, but materially larger scale and digital sophistication than CAMC FCU.
• BECU (Boeing Employees Credit Union): Large closed-membership employer-based credit union. Comparable closed-employer charter and member-owned model, though at significantly larger scale and broader geographic reach; illustrates the upper-bound trajectory of CAMC FCU's model.
• Mountain America Credit Union: Large community-charter credit union operating in a similar regional/secondary-market footprint. Comparable on community-credit-union model and full-service consumer banking, though with open (not employer-closed) membership.
• Security Service Federal Credit Union: Large federal credit union with employer-defined select employee groups and community membership. Comparable federal charter, multi-channel banking, and full-service consumer lending — broader geographic scope than CAMC FCU.
• Truliant Federal Credit Union: Employer-group and community-based federal credit union. Comparable employer-group membership component, member-owned cooperative structure, and full suite of consumer deposit and lending products.
• Suncoast Credit Union: Community-chartered credit union serving a defined regional employer/employee base in Florida. Comparable on community/employer-tied membership, full-service consumer banking, and member-cooperative structure, though at larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/camcfcu

Compliance6 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 CAMC Federal Credit Union