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.
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
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.
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.
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.
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.
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.
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.
|Assets and Liabilities|
|Equity Capital||$8.88 million|
|Loan Loss Allowance||$619,000|
|Unbacked Noncurrent Loans||$698,000|
|Real Estate Owned||$345,000|
|Historic Data - December 2012|
|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 Margin||4.21%|
|Return on Assets||-0.23%|
|Return on Equity||-3.2%|
|Interest Income||$4.08 million|
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|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%||-||-||It's for Me|
|0.20%||$30k||-||Money Market Account|
|0.10%||$2,500||-||Select Plus Checking|
|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|
|1.26%||$500||$100k||60 Month IRA (Traditional,Roth,CESA)|
|1.00%||$500||$100k||48 Month IRA (Traditional,Roth,CESA)|
|0.80%||$500||$100k||36 Month IRA (Traditional,Roth,CESA)|
|0.50%||$500||$100k||24 Month IRA (Traditional,Roth,CESA)|
|0.40%||$500||$100k||18 Month IRA (Traditional,Roth,CESA)|
|0.30%||$500||$100k||12 Month IRA (Traditional,Roth,CESA)|
|0.20%||$500||$100k||6 Month IRA (Traditional,Roth,CESA)|
|CINCO Credit Union Locations|
|Branch Office||7466 Beechmont Ave||Cincinnati, OH 45255-4106|
|Branch Office||6321 Glenway Ave||Cincinnati, OH 45211|
|Main Office||49 William Howard Taft Rd||Cincinnati, OH 45219|