The Catholic Credit Union Inc

What The Catholic Credit Union Inc does

The Catholic Credit Union Inc is a member-owned cooperative credit union headquartered at 32929 Lake Road, Avon Lake, Ohio, serving parishioners of five Catholic parishes in Avon, Avon Lake, Bay Village, Sheffield, and Sheffield Lake, Ohio. Membership requires opening a share savings account with a $25 par value representing ownership in the institution, and the credit union is structured as a non-profit with no external shareholders, returning earnings to members through dividends and loan pricing.

The credit union operates a full-service consumer banking franchise consisting of deposit products (free checking, share savings at 0.05% APY, Christmas Club, and share certificates ranging from 12 to 48 months at 2.5% to 3.25% APY) and a consumer loan book (auto loans starting at 5.24% APR, boat/RV loans at 7.24% APR, fixed home equity at 5.99% APR, ARM loans at 6.75% APR, shares-pledged loans at 2.74% APR, signature loans at 12.25% APR, and a VISA credit card at 12.9% APR). A referral partnership with Sallie Mae extends the product set into private student loans without in-house origination. Technology infrastructure is minimal: member-facing digital banking is delivered through the third-party HomeCU network, and there are no proprietary technical features disclosed.

Revenue is generated primarily through net interest spread on the loan and deposit book plus interchange and interest from the VISA card program, with no disclosed figures, no funding history, and no public financial reporting. Distribution is anchored in a single physical branch co-located with St. Joseph Church with evening and Friday afternoon hours, supplemented by the HomeCU online channel and a Facebook page; member acquisition runs through parish networks and word-of-mouth within the faith community. The institution is federally insured by the NCUA to $250,000 per depositor and operates as an Equal Housing Lender.

Name

The Catholic Credit Union Inc

Legal name

The Catholic Credit Union Inc

Website

https://catholic-credit-union.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

The Catholic Credit Union Inc is a member-owned, NCUA-insured credit union in Avon Lake, Ohio, offering consumer checking, savings, CDs, and consumer loans exclusively to parishioners of five Catholic parishes in northeast Ohio.

Ownership category

akta.pro rank

Headquarters

HQ city

Avon Lake

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Loan Interest Income: Interest income from various loan products including auto loans, boat/RV loans, home equity loans, signature loans, and student loans. Rates vary by product type with auto loans as low as 5.24% APR and signature loans up to 12.25% APR.
2. Share Certificate Deposits: Term deposit products (CDs) with terms ranging from 12 to 48 months. Members earn interest on deposits with rates ranging from 2.5% to 3.25% APY depending on term length.
3. Share Savings and Checking: Core deposit accounts including share savings (0.05% APY), Christmas Club accounts, and free checking services. Minimum $25 to open share savings.
4. Visa Credit Card: VISA credit card program with fixed rate of 12.9% APR generating interchange and interest income.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

The Catholic Credit Union Inc is a member-owned cooperative financial institution that provides retail banking products and services to individuals affiliated with Catholic parishes in Avon, Avon Lake, Bay Village, Sheffield, and Sheffield Lake, Ohio. It offers deposit products (share savings, free checking, Christmas Club, and share certificates) and lending products (auto loans, boat/RV loans, home equity loans, signature loans, shared secure loans, ARM loans, and a VISA credit card), along with a referral partnership for Sallie Mae student loans.

Product overview

The Catholic Credit Union Inc is a traditional credit union offering a comprehensive suite of financial products and services. The core portfolio consists of deposit products (Free Checking, Regular Shares Savings, Share Certificates/CDs with terms from 12-48 months, and Christmas Club accounts) and lending products (New/Used Auto Loans, Boat/RV Loans, Home Equity Loans, Signature Loans, Shared Secure Loans, and VISA credit cards). The institution also maintains a referral partnership with Sallie Mae for private student loans. All products operate through standard credit union membership, requiring a $25 share savings account for membership. The credit union does not operate a technology platform but provides traditional branch-based financial services to members of Catholic parishes in the Avon Lake, Ohio area.

Differentiator

Problem solved

Functional benefit

Products and services

• Free Checking Account A fee-free consumer checking account with no minimum balance requirement, free first 20 checks, no per-check fee, overdraft protection, direct deposit, and a MasterCard debit card. Designed for individual members of the Catholic parish community.
• Share Savings Account A savings account that establishes credit union membership with $25 par share value, earning 0.05% APY with quarterly dividends; $250 minimum balance required to earn dividends.
• Christmas Club Account A specialized holiday savings account with $10 minimum to open, 0.05% APY yearly dividend, and interest paid with a check mailed November 1st.
• Share Certificates of Deposit (CDs) Term deposit accounts with 12-, 24-, 36-, and 48-month terms, APYs ranging from 2.5% to 3.25%, $1,000 minimum, dividends paid at maturity, and a 90-day early withdrawal penalty.
• Auto Loans Vehicle financing for new and used automobiles at rates as low as 5.24% APR.
• Boat and RV Loans Recreational vehicle financing for boats and RVs at rates as low as 7.24% APR.
• Home Equity Loans Fixed-rate home equity loans with a special rate of 5.99% APR for up to 60 months, with adjustable-rate options also available.
• Signature Loans Unsecured personal loans based on borrower signature at rates as low as 12.25% APR.
• Shared Secure Loans Secured loans using the member's share savings deposits as collateral, with a rate of 2.74% APR.
• Adjustable Rate (ARM) Loans Adjustable rate mortgage or loan products with introductory rates starting at 6.75% APR.
• VISA Credit Card VISA credit card with a fixed rate of 12.9% APR, generating interchange and interest income.
• Sallie Mae Student Loans Referral Partnership Co-branded referral arrangement with Sallie Mae's Smart Option program providing private student loan products to members through a dedicated landing page.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Sallie MaeminorChannel Partner/ Reseller/ DistributorCatholic Credit Union partners with Sallie Mae to offer student loans through a co-branded Smart Option program. Members are redirected to Sallie Mae's platform for private student loan applications. This partnership extends the credit union's product offerings without developing proprietary student loan infrastructure. The partnership is promoted on the Catholic Credit Union website with a dedicated student loans page.

Scale indicators1 record

Recent moves3 records

Expansion highlights3 records

Direct peers

• Christian Community Credit Union: A faith-based credit union serving Christian individuals, ministries, and church workers across the U.S. Direct peer because it mirrors the religious common-bond membership model, full-service deposit and lending menu, and mission-aligned positioning around faith communities.
• Catholic Financial Life: A Catholic-affiliated, member-owned financial services organization offering savings products and fraternal benefits to Catholic communities nationwide. Direct comparable because it shares the same faith-based common bond, member-owned cooperative structure, and mission-driven positioning toward Catholic households.
• Cornerstone Community Credit Union: A values-driven, community-focused credit union in Oregon that targets specific affinity groups and faith-based members. Direct peer given its affinity-based membership model, small-footprint branch operation, and member-owned cooperative economics similar to The Catholic Credit Union.

Broad incumbents

• Alliant Credit Union: A large, nationally chartered community credit union serving a broad membership base with a full digital banking platform. Comparable as a member-owned depository institution with a comprehensive deposit and lending menu, but operating at vastly greater scale and without the local faith-based common bond.
• Connexus Credit Union: A member-owned community credit union serving members nationwide with a strong digital platform and full product suite. Comparable in cooperative ownership and core banking offering, but operating at significantly greater scale with digital capabilities absent at The Catholic Credit Union.
• Self-Help Federal Credit Union: A community development credit union and CDFI serving underserved and mission-aligned members across multiple states. Broadly comparable as a mission-driven, member-owned depository institution, though with a much larger geographic and product footprint and explicit community-development mandate.
• Lake Michigan Credit Union: One of the largest credit unions in the U.S., serving a broad community membership across Michigan and beyond. Comparable as a member-owned cooperative offering the same core deposit and loan products, but with a much larger branch network, broader geographic reach, and more sophisticated digital capabilities.
• Consumers Cooperative Credit Union: A member-owned community credit union serving individuals and businesses across the Midwest. Comparable in cooperative structure and full-service deposit/lending model, though with a much larger membership base and broader geographic footprint than The Catholic Credit Union.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/CatholicCreditUnion
• LinkedInlinkedin.com/company/avon-lake-catholic-credit-un

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 The Catholic Credit Union Inc