harrison police & firemens federal credit union

Name

harrison police & firemens federal credit union

Legal name

Harrison Police and Firemen's Federal Credit Union

Website

https://hpffcu.org

Company type

Private

Operating status

Operating

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (522130)

SIC

Savings Institution, Federally Chartered (6035), Personal Credit Institutions (6141)

akta.pro primary industry

Public Sector & Municipal Credit Unions (FSABAEAK)

akta.pro secondary industries

Employer/Occupational Credit Unions (FSABAEAB), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Consumer lending products
• Deposit account services
• Credit union membership
• Online banking services
• Fixed rate certificates

Headquarters

HQ city

Harrison

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Loan Interest Income: The primary revenue driver. The credit union earns interest on various loan products including new and used auto loans, personal loans, home equity lines of credit (HELOC), secured loans, and VISA credit cards. Rates are tiered by credit score, ranging from 3.99% APR for prime new auto loans to 17.95% for subprime personal loans.
2. Deposit Account Fees and Interest Spreads: The credit union accepts member deposits (checking, savings, certificates, IRAs) and uses those funds to originate loans. Revenue is generated from the spread between loan interest rates paid by borrowers and the minimal interest paid on deposit accounts (e.g., Share Savings at 0.10% APY, Share Drafts at 0.00%).
3. Fee-Based Services: The credit union generates revenue from various fee-based services including convenience services, wire transfers, and potentially overdraft or maintenance fees. Specific fee schedules are not publicly disclosed on the website.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Harrison Police & Firemen's Federal Credit Union is a not-for-profit, federally insured member-owned financial cooperative that accepts member deposits and originates consumer loans. It offers checking, savings, club, and certificate/IRA deposit products alongside auto loans, personal loans, HELOC, VISA credit cards, and secured loans, accessed through a single Harrison, NJ branch and an online banking platform.

Product overview

Harrison Police & Firemen's Federal Credit Union operates as a not-for-profit credit union offering a unified suite of financial products and services. The core portfolio includes deposit products (Checking, Savings, and Certificate Accounts with IRA options) and loan products (New/Used Vehicle Loans, Unsecured Personal Loans, HELOC, VISA Credit Cards, and Secured Loans). Online Banking serves as the primary digital access channel. The credit union also provides convenience services and financial calculators as supplementary tools. All products are offered exclusively to eligible members meeting the field of membership criteria.

Differentiator

Problem solved

Functional benefit

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators4 records

Direct peers

• Connexus Credit Union: Federal credit union originally serving a specific employer group, expanded to broader select employer/association memberships. Useful peer for understanding trajectory of field-of-membership expansion and digital growth.
• SchoolsFirst Federal Credit Union: Large federally chartered credit union serving California school employees and their families. Most directly comparable in the employer-defined, public-sector field-of-membership structure, member-owned cooperative model, and full suite of deposits + consumer lending.
• Alliant Credit Union: Federally chartered credit union serving employees of partner organizations plus select associations. Comparable closed-membership/employer-group field, full deposit/consumer-lending suite, and growing digital capabilities.
• Local Government Federal Credit Union: North Carolina-based federal credit union serving local government employees and family members. Directly analogous public-sector field-of-membership model, product mix, and cooperative governance; useful benchmark for credit quality and member economics.
• First Tech Federal Credit Union: Federal credit union serving employees of technology, healthcare, and other employer groups. Comparable employer-based membership definition, digital-first banking approach, and deposit/consumer-lending product set.
• Baxter Credit Union (BCU): Federally chartered credit union serving employees of healthcare organizations and select employer groups. Mirrors HPFFCU's employer-defined field-of-membership, member-owned cooperative structure, and full-service deposit/lending model.
• Public Service Credit Union: Colorado federal credit union serving public sector and broader employer-group employees. Comparable in employer-defined field of membership, full-service deposit and consumer lending, and digital-banking-led member engagement.

Broad incumbents

• Bethpage Federal Credit Union: Large New York- and New Jersey-area federal credit union. Geographic and federal-charter adjacency makes it a useful benchmark for retail deposit and consumer-lending competition in the HPFFCU market.
• Digital Federal Credit Union (DCU): Large Massachusetts-based federal credit union originating from a digital-equipment employer group. Comparable cooperative model with much larger scale, broader field of membership, and more mature digital channel set.

Regional players

• Affinity Federal Credit Union: New Jersey-headquartered federal credit union serving employer groups and select associations. Most regionally comparable peer for competitive benchmarking on rates, member experience, and field-of-membership strategy within New Jersey.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance4 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 harrison police & firemens federal credit union