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Overview / Commentary
513-281-9988
49 William Howard Taft Rd
Cincinnati, OH 45219

CINCO Credit Union is headquartered in Cincinnati and is the 49th largest credit union in the state of Ohio. It is also the 1,290th largest credit union in the nation. It was established in 1936 and as of December of 2013, it had grown to 38 employees and 13,218 members. CINCO Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, or attend school in Cincinnati and most of the surrounding area which includes Hamilton, Butler and Clermont County, Ohio. Membership requires a minimum balance of $5 in the savings account. - See Details

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Reviews (2)

Pretty Basic Credit Union

I have multiple credit unions. I use Cinco because it is the only CU that I am a member of that is actually located where I live. All other credit unions are remote from me. Internet makes that possible.

Cinco is pretty basic. They have an actual branch by me, but I do most banking via the Internet so I do not go to the branch that often. Even their Internet banking system is pretty basic.

I would put more money there into savings, but the interest rate is one of the lowest in Cincinnati with Kemba CU being the absolute worst in Cincinnati.

So all in all, if you do not need a lot of services and looking for a basic credit union, Cinco is a pretty good choice.

Worst Choice You Could Make

This institution has the most crooked financial practices that I ahve ever experienced in my life. I would warn anyone considering doing business with them to take their money elsewhere.



Health

Data for Q4 2013

Institution Health

C+

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 CINCO Credit Union had $1.04 million in non-current loans and owned real-estate with $9.49 million in equity and loan loss allowances on hand to cover it. This gives CINCO Credit Union a Texas Ratio of 10.99% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for CINCO Credit Union experienced no significant changes from 10.04% as of December 31, 2012 to 10.99% as of December 31, 2013, resulting in a negative change of 9.43%. This indicates that the balance sheet and financial strength for CINCO Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, CINCO Credit Union has decreased its total deposits by -$3.82 million, resulting in -3.23% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth CINCO Credit Union has shown is below average.

Capitalization

GRADE:
C-

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. CINCO Credit Union has $124.36 million in assets with $9.49 million in equity, resulting in a capitalization level of 7.63%, which is below average.

Institution Statistics

Overall
NCUA #68481
Year Chartered1936
Employees38
Primary Regulator
Assets and Liabilities
Assets$124.36 million
Loans$74.14 million
Deposits$114.49 million
Equity Capital$8.88 million
Loan Loss Allowance$619,000
Unbacked Noncurrent Loans$698,000
Real Estate Owned$345,000
Historic Data - December 2012
Assets$128.22 million
Equity Capital$9.18 million
Loan Loss Allowance$413,000
Unbacked Noncurrent Loans$698,000
Real Estate Owned$429,000
Profit Margin - Quarterly
Net Interest Margin4.21%
Return on Assets-0.23%
Return on Equity-3.2%
Interest Income$4.08 million
Rates

Always verify rates and promotions with the bank or credit union. We are not CINCO Credit Union, we are a rate comparison website and can not provide official rates or promotions.

CINCO Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$50k-Super Flex Rate IRA
0.20%$50k-Super Flex Rate Roth IRA
0.20%$50k-Super Flex Rate CESA
0.10%--Flex Rate IRA
0.10%--Flex Rate Roth IRA
0.10%--Flex Rate CESA
0.05%$200-Primary Share
0.05%--It's for Me
0.05%--Christmas Club
0.05%--Vacation Club
0.05%--Youth Savings

CINCO Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$30k-Money Market Account

CINCO Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.51%-$15kWePayU Checking
0.15%$25k-Business Checking
0.10%--WePayU Checking
0.10%$2,500-Select Checking
0.10%$2,500-Select Plus Checking
0.10%$2,500-Heritage Checking

CINCO Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.26%$500$100k60 Month Share Certificate
1.00%$500$100k48 Month Share Certificate
0.80%$500$100k36 Month Share Certificate
0.50%$500$100k24 Month Share Certificate
0.40%$500$100k18 Month Share Certificate
0.30%$500$100k12 Month Share Certificate
0.20%$500$100k6 Month Share Certificate

CINCO Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.26%$500$100k60 Month IRA (Traditional,Roth,CESA)
1.00%$500$100k48 Month IRA (Traditional,Roth,CESA)
0.80%$500$100k36 Month IRA (Traditional,Roth,CESA)
0.50%$500$100k24 Month IRA (Traditional,Roth,CESA)
0.40%$500$100k18 Month IRA (Traditional,Roth,CESA)
0.30%$500$100k12 Month IRA (Traditional,Roth,CESA)
0.20%$500$100k6 Month IRA (Traditional,Roth,CESA)
Locations


CINCO Credit Union Locations
Branch Office7466 Beechmont AveCincinnati, OH 45255-4106
Branch Office6321 Glenway AveCincinnati, OH 45211
Main Office49 William Howard Taft RdCincinnati, OH 45219