Average User Rating:
2.5 star rating based on 2 reviews.

CINCO Credit Union

49 William Howard Taft Rd
Cincinnati, OH 45219
513-281-9988
www.cinco.org

NCUA

OverView
Rates
Health
Reviews

CINCO Credit Union is headquartered in Cincinnati and is the 48^th largest credit union in the state of Ohio. It is also the 1,262^nd largest credit union in the nation. It was established in 1936 and as of March of 2013, it had grown to 33 employees and 14,391 members. CINCO Credit Union has a 3-star health rating.

3.30% Reward Checking Account at CINCO Credit Union in Ohio - 1/15/2009

Update 10/15/09: The top rate has fallen to 3.30% APY. Refer to the bottom of the post for the rate history.CINCO Credit Union is offering a reward checking account called WePayU Checking. It pays 3.30% APY on balances up to $25,000 (1.01% for above) and...

Report an Issue

See Rates for: Checking | Savings | Money Market | CD | IRA

CINCO Credit Union Checking Account Rates

Apy	Min	Max	Product
1.51%	-	$25k	WePayU Checking
0.15%	$25k	-	Business Checking
0.10%	$2,500	-	Select Checking
0.10%	$2,500	-	Select Plus Checking
0.10%	$2,500	-	Heritage Checking

CINCO Credit Union Savings Account Rates

Apy	Min	Max	Product
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

	Apy	Min	Max	Product
	0.20%	$30k	-	Money Market Account

CINCO Credit Union CD Rates

Apy	Min	Max	Product
1.26%	$500	$100k	60 Month Share Certificate
1.00%	$500	$100k	48 Month Share Certificate
0.80%	$500	$100k	36 Month Share Certificate
0.50%	$500	$100k	24 Month Share Certificate
0.40%	$500	$100k	18 Month Share Certificate
0.30%	$500	$100k	12 Month Share Certificate
0.20%	$500	$100k	6 Month Share Certificate

CINCO Credit Union IRA Rates

Apy	Min	Max	Product
1.26%	$500	$100k	60 Month IRA
1.26%	$500	$100k	60 Month Roth IRA
1.26%	$500	$100k	60 Month CESA
1.00%	$500	$100k	48 Month IRA
1.00%	$500	$100k	48 Month Roth IRA
1.00%	$500	$100k	48 Month CESA
0.80%	$500	$100k	36 Month IRA
0.80%	$500	$100k	36 Month Roth IRA
0.80%	$500	$100k	36 Month CESA
0.50%	$500	$100k	24 Month IRA
0.50%	$500	$100k	24 Month Roth IRA
0.50%	$500	$100k	24 Month CESA
0.40%	$500	$100k	18 Month IRA
0.40%	$500	$100k	18 Month Roth IRA
0.40%	$500	$100k	18 Month CESA
0.30%	$500	$100k	12 Month IRA
0.30%	$500	$100k	12 Month Roth IRA
0.30%	$500	$100k	12 Month CESA
0.20%	$500	$100k	6 Month IRA
0.20%	$500	$100k	6 Month Roth IRA
0.20%	$500	$100k	6 Month CESA

Rates updated: 6/18/2013

Data for Q1 2013

Institution Statistics

CINCO FAMILY FINANCIAL CENTER
NCUA #	68481
BankRate Report	View
Year Chartered	1936
Employees	33
Primary Regulator
Assets and Liabilities
Assets	$129.45 million
Loans	$77.82 million
Deposits	$119.70 million
Equity Capital	$9.07 million
Loan Loss Allowance	$517,000
Unbacked Noncurrent Loans	$608,000
Real Estate Owned	$379,000
Historic Data - March 2012
Assets	$134.14 million
Equity Capital	$9.21 million
Loan Loss Allowance	$300,000
Unbacked Noncurrent Loans	$532,000
Real Estate Owned	$456,000
Profit Margin - Quarterly
Net Interest Margin	1.05%
Return on Assets	-0.33%
Return on Equity	-4.72%
Interest Income	$1.06 million
Non-Interest Income	$371,000

Institution Health

Overall Score:

3 out of 5

Texas Ratio
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 March 31, 2013 CINCO Credit Union had $987,000 in non-current loans and owned real-estate with $9.58 million in equity and loan loss allowances on hand to cover it. This gives CINCO Credit Union a Texas Ratio of 10.30% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for CINCO Credit Union held steady from 10.39% as of March 31, 2012 to 10.30% as of March 31, 2013, resulting in a positive change of 0.91%.This indicates that the balance sheet and financial strength for CINCO Credit Union has held steady in recent periods.
Deposit Growth
In the past year, CINCO Credit Union has decreased its total deposits by -$4.44 million, resulting in -3.57% 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
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 $129.45 million in assets with $9.58 million in equity, resulting in a capitalization level of 7.40%, which is below average.

Pretty Basic Credit Union
4 stars

- jdb - Wednesday, May 9, 2012 - 7:02 AM

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
1 stars

- customer - Wednesday, July 28, 2010 - 1:37 PM

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.

CINCO Credit Union

Related Posts