ibew local 80 federal credit union va

What ibew local 80 federal credit union va does

IBEW Local 80 is a chartered local union of the International Brotherhood of Electrical Workers (IBEW International), operating in the Hampton Roads region of Virginia under a charter originally issued in 1899. The organization represents journeymen wiremen, construction electricians, apprentices, and other electrical workers, delivering collective bargaining representation, job placement through a referral system (Labor Power System), apprenticeship and continuing-education training via the Tidewater Joint Apprenticeship and Training Committee (JATC), and political and community engagement. Its service territory covers Norfolk, Virginia Beach, Newport News, and surrounding areas in Virginia, with some reach into North Carolina, including dedicated steward coverage at the Norfolk Naval Shipyard (NAVFAC/NAVSEA).

The affiliated IBEW Local 80 Federal Credit Union extends the union's value proposition into financial services, offering deposit accounts, loans, and related banking products exclusively to IBEW Local 80 members. It is a federally chartered, single-branch credit union operating from the same Norfolk address as the union hall. The broader benefits stack includes health insurance administered through the Tidewater Electrical Industry Health Fund (Southern Benefits Administration) and pension/retirement benefits administered through the National Electrical Benefit Fund (NEBF) and the Southern Electrical Retirement Fund (SERF).

The underlying technology footprint is modest: a UnionActive-powered website (ibew80.com) handles member information, job calls, dues payments (via ibew80.workingsystems.com), and communications, with no native mobile app or public API. Revenue mechanics are primarily recurring union membership dues supplemented by credit-union net interest income on member loans and deposits. The go-to-market model is community-led and referral-based — electrical workers join to access the union's job placement, training, representation, and benefits ecosystem, and existing members refer others. The organization celebrated its 125th anniversary in 2026, underscoring institutional longevity as a defining feature of its operating identity.

Name

ibew local 80 federal credit union va

Legal name

IBEW Local 80 Federal Credit Union

Website

https://ibew80.com

Company type

Private

Founded year

1899

Operating status

Operating

Short description

IBEW Local 80 is a chartered IBEW union local established in 1899, representing electrical workers in Virginia's Hampton Roads region through collective bargaining, job placement, apprenticeship training, and benefits administration. Its affiliated Federal Credit Union provides member-only deposit and loan services.

Ownership category

akta.pro rank

Product category

Credit Union Services

NAICS

Credit Unions (52213)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Employer/Occupational Credit Unions (FSABAEAB)

akta.pro secondary industry

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

Keywords

• Credit union services
• Union membership
• Apprenticeship training
• Job placement
• Collective bargaining

Headquarters

HQ city

Norfolk

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Union Membership Dues: Members pay union dues to maintain membership and access to job placement, training, and representation services.
2. Credit Union Services: Federal credit union providing financial services to union members, generating revenue through interest on loans and other financial products.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

IBEW Local 80 Federal Credit Union is the financial-services arm of IBEW Local 80, a labor union local chartered in 1899 representing electrical workers in the Hampton Roads region of Virginia. It provides federal credit union banking services — including deposit accounts and loans — exclusively to IBEW Local 80 members, alongside union membership representation, job placement through the labor power referral system, and apprenticeship training delivered through the Tidewater JATC.

Product overview

IBEW Local 80 Federal Credit Union is a single financial services product offering banking services exclusively to union members. The organization also provides union membership management, job referral services through the Labor Power System, and electrical industry training through the Tidewater Joint Apprenticeship and Training Committee (JATC). The union serves electrical workers in the Hampton Roads region, having been chartered since 1899.

Differentiator

Problem solved

Functional benefit

Products and services

• IBEW Local 80 Federal Credit Union Services

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

Seven partnerships are on record, tiered core.

• Tidewater Joint Apprenticeship and Training Committee (Tidewater JATC)coreStrategic or Co-development PartnerJoint apprenticeship and training committee providing standardized training programs for electrical workers in the Hampton Roads region. Located at 5315 Henneman Drive, Norfolk, VA 23513. Contact: Meghan Hurt, Training Director at [email protected]
• IBEW InternationalcoreStrategic or Co-development PartnerInternational parent organization of the International Brotherhood of Electrical Workers. Located at 900 Seventh St. N.W., Washington, D.C. 20001. Provides overall union governance, resources, and support to local unions.
• National Electrical Benefit Fund (NEBF)coreStrategic or Co-development PartnerNational pension and benefit fund for IBEW members. Located at 2400 Research Blvd., Suite 500, Rockville, Maryland 20850. Provides retirement benefits to eligible IBEW members.
• Southern Benefits Administration - Tidewater Electrical Industry Health FundcoreStrategic or Co-development PartnerAdministers health insurance benefits for Local 80 members. Located at 5305 East Virginia Beach Blvd., Norfolk, Virginia 23502. Phone: (757) 461-8091
• Southern Electrical Retirement Fund (SERF)coreStrategic or Co-development PartnerAdministers retirement/pension benefits for electrical workers in the Southern region. Located at 3928 Volunteer Drive, Chattanooga, Tennessee 37416. Phone: (800) 809-6774
• NECA (National Electrical Contractors Association)coreStrategic or Co-development PartnerNational organization representing electrical contractors. IBEW Local 80 works with NECA member contractors for collective bargaining agreements and job placement.
• IBEW Local 80 Federal Credit UnioncoreOthersFederal credit union serving IBEW Local 80 members with financial services. Located at 5307 E Virginia Beach BLVD, Norfolk, VA 23502. Phone: (757) 480-1767

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• IBEW Local 26 Federal Credit Union: Federal credit union serving IBEW Local 26 electrical workers in the Chicago area. Operates the same employer/occupational charter model for electrical trade union members, making it one of the closest structural analogs to IBEW Local 80 FCU.
• IBEW Local 134 Federal Credit Union: Federal credit union serving IBEW Local 134 members (Chicago-area electricians). Directly comparable in that it serves a single IBEW local's membership with deposit and loan products.
• IBEW Local 1 Federal Credit Union: Federal credit union serving IBEW Local 1 members in the St. Louis region. Another direct occupational-credit-union peer with the same charter structure and member base (electrical trade unionists).
• IBEW Local 47 Federal Credit Union: Federal credit union affiliated with IBEW Local 47 in Southern California. Same occupational credit union model serving IBEW electrical workers, comparable in member-base structure and product offering.
• IBEW Local Union (parent organization's other locals): Other IBEW local unions (Local 3, Local 6, Local 11, etc.) share the same labor-union charter, collective bargaining mission, and Hampton-Roads-style member services structure even where they do not operate an attached federal credit union.

Regional players

• Tidewater Federal Credit Union (Chartway FCU): A larger Hampton Roads-area credit union (now part of Chartway family). Operates in the same Norfolk/Virginia Beach geography as IBEW Local 80 FCU, offering community-chartered deposit and loan products to the broader public.
• Langley Federal Credit Union: Hampton Roads-based community credit union serving military and civilian members on the Virginia Peninsula and Southside. Competes for the same deposit and loan market as IBEW Local 80 FCU but with a broader community charter.
• BayPort Credit Union: Newport News-based credit union operating across the Hampton Roads region. Serves a community/multi-employer membership field that partially overlaps with IBEW Local 80's electrician member base in the same geography.

Broad incumbents

• Alliant Credit Union: Large national digital credit union with a community/employer charter that attracts select employee groups including union members. Represents the digital-first competitive threat facing small occupational CUs like Local 80 FCU.
• Digital Federal Credit Union (DCU): Large digital-first credit union with broad community/employer charter reach. Provides a comparable set of deposit and loan products at national scale and serves as the digital benchmark Local 80 FCU would be measured against.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

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 →

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