5 star ratingAverage User Rating:
5 star rating based on 1 review.

Credit Union Of Ohio

Credit Union Of Ohio Locations
5500 Britton Parkway
Hilliard, OH 43026
(800) 443-5698
www.cuofohio.org



Credit Union Of Ohio is headquartered in Hilliard and is the 46th largest credit union in the state of Ohio. It is also the 1,214st largest credit union in the nation. It was established in 1966 and as of December of 2011, it had grown to 48 employees and 19,942 members. Credit Union Of Ohio has a 5-star health rating.

Credit Union Of Ohio Routing Number: 244077886



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

Credit Union Of Ohio Checking Account Rates

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0.20%$10k-Checking Plus Account

Credit Union Of Ohio Savings Account Rates

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0.25%$25-IRA Savings Account
0.25%$25-Roth IRA Savings Account
0.10%$100-Christmas Club Account
0.10%--Youth Share Savings Account
0.10%--Teen Share Savings Account
0.10%--Student Share Savings Account
0.05%$200-Share Savings Account

Credit Union Of Ohio Money Market Rates

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0.35%$75k-Insured Money Market Account
0.35%$1k-Student Money Market Account

Credit Union Of Ohio CD Rates

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1.75%$500-60 Month Share Certificate
1.50%$500-48 Month Share Certificate
1.10%$500-36 Month Share Certificate
0.70%$500-24 Month Share Certificate
0.70%$5k-20 Month Bump Up Certificate
0.70%$10k-30 Month Bump Up Certificate
0.60%$500-18 Month Share Certificate
0.55%$500-12 Month Share Certificate
0.45%$500-6 Month Share Certificate
0.35%$500-3 Month Share Certificate

Credit Union Of Ohio IRA Rates

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3.55%$200-Educational Growth Certificate
1.75%$100-60 Month IRA Certificate
1.75%$100-60 Month Roth IRA Certificate
1.75%$100-60 Month Coverdell ESA
1.50%$100-48 Month IRA Certificate
1.50%$100-48 Month Roth IRA Certificate
1.50%$100-48 Month Coverdell ESA
1.10%$100-36 Month IRA Certificate
1.10%$100-36 Month Roth IRA Certificate
1.10%$100-36 Month Coverdell ESA
0.70%$100-24 Month IRA Certificate
0.70%$100-24 Month Roth IRA Certificate
0.70%$100-24 Month Coverdell ESA
0.60%$100-18 Month IRA Certificate
0.60%$100-18 Month Roth IRA Certificate
0.60%$100-18 Month Coverdell ESA
0.55%$100-12 Month IRA Certificate
0.55%$100-12 Month Roth IRA Certificate
0.55%$100-12 Month Coverdell ESA
0.45%$100-6 Month IRA Certificate
0.45%$100-6 Month Roth IRA Certificate
0.45%$100-6 Month Coverdell ESA
0.35%$100-3 Month IRA Certificate
0.35%$100-3 Month Roth IRA Certificate
0.35%$100-3 Month Coverdell ESA

Rates updated: 5/24/2012

Data for Q4 2011


Institution Statistics


CREDIT UNION OF OHIO
NCUA #68561
BankRate ReportView
Year Chartered1966
Employees48
Primary Regulator

Assets and Liabilities

Assets$125.76 million
Loans$52.78 million
Deposits$111.81 million
Equity Capital$13.58 million
Loan Loss Allowance$636,000
Unbacked Noncurrent Loans$1.06 million

Historic Data - December 2010

Assets$120.57 million
Equity Capital$13.56 million
Loan Loss Allowance$616,000
Unbacked Noncurrent Loans$786,000
Real Estate Owned$148,000

Profit Margin - Quarterly

Net Interest Margin6.38%
Return on Assets0.01%
Return on Equity0.1%
Interest Income$4.47 million
Non-Interest Income$2.88 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2011 Credit Union Of Ohio had $1.06 million in non-current loans and owned real-estate with $14.21 million in equity and loan loss allowances on hand to cover it. This gives Credit Union Of Ohio a Texas Ratio of 7.44% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Credit Union Of Ohio held steady from 6.59% as of December 31, 2010 to 7.44% as of December 31, 2011, resulting in a negative change of 12.91%. This indicates that the balance sheet and financial strength for Credit Union Of Ohio has held steady in recent periods.
Deposit Growth4
In the past year, Credit Union Of Ohio has increased its total deposits by $5.23 million, resulting in 4.91% 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 Credit Union Of Ohio has shown is above average.
Capitalization4
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. Credit Union Of Ohio has $125.76 million in assets with $14.21 million in equity, resulting in a capitalization level of 11.30%, which is above average.
Write Review

Great Bank
5 stars - westy81585 - Sunday, March 13, 2011 - 10:19 AM

I opened an account at CUoO when I was a student at Ohio State and worked part time for the university.  I have never had any issues with them, which was very nice after repeated issues with a few of the major national banks.  One thing that always made me happy was that if I had a problem and I called or went in, I would be talking directly to someone who lived in MY town and had the power to fix the issue on my account without having to pass it off to a supervisor.  No call centers in North Dakota or any crap like that.  They're also somewhat lenient on NSF fees (WAY more than any national bank).  The Debit card won't work if you don't have the money in your account, which has saved me from huge overdrafts a few times (they did this before the government mandated that you had to ask if people wanted overdrafting allowed). 

 

The only real complaint I have is a lack of locations, there are only like 4 of them, and one of them is only open two days a week.  If you live in Columbus though, and are anywhere near campus especially, this bank is great and I highly recommend it. 

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