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855-436-4100
5210 Chairmans Ct
Frederick, MD 21703

Nymeo Federal Credit Union is headquartered in Frederick, Maryland. It was chartered in 1964.

Credit union membership is open to anyone who lives, works, worships or attends school in the City of Frederick. Please refer to the credit union’s website for the full details of credit union membership eligibility.

Nymeo has branches in the Maryland cities of Frederick, Gaithersburg, Germantown and Adelphi. Nymeo is also part of the shared branch network, CU Service Center, which allows Nymeo members to conduct many banking transactions at branches of other credit unions that are part of this network throughout the nation.

Nymeo members have surcharge-free access to thousands of ATMs in the CO-OP and AllPoint Network.

A share savings account must be maintained by each member with a $5 minimum balance.

A free checking account is available with no monthly service fee and no minimum balance requirement.

Additional noteworthy deposit products include a money market account, share certificates and Individual Retirement Accounts (IRAs). IRAs can be opened as a Traditional, Roth or Coverdell ESA.

Noteworthy services offered by Nymeo include online banking, online bill pay, mobile banking, external account-to-account transfers and Popmoney that allows sending and moving money to and from other people.

Field of Membership Restrictions

Membership in Nymeo is open to anyone who lives, works, worships or attends school in the City of Frederick. Each member's immediate family and household members are also eligible to join. In addition, employees of select companies outside the City of Frederick are eligible to join Nymeo. A list of these companies is available on our Membership page.. - See Details

Reviews (3)

NIGHTMARE!!!!

The only reason for the rating of "2" is because the branch staff members really try very hard and diligently  to work with customers.  This rating really address the people and systems a customer never gets to see.....the ones at the other end of endless message trees and unanswered emails!  But for the  branch staff there would be no stars on this rating.

After over 25 years of great banking at my credit union...the credit union was taken over by NYMEO.... ...  Everyday is a new adventure and not a pleasant one.  Just this week I have tried to activate a credit card....no luck;  emailed for help....no response; called for help got "sorry our systems are down please call back in 1/2 hour" message; 

If you get stuck on a NYMEO phone/message  tree there is no option provided for help (or escape) so you have to start over. You just keep getting the message "you have made an invalid selection"......funny since on a couple calls I didn't even make selections.....guess I just wasn't fast enough to satisfy the 24 hour service line that was answered by a computer!   Have had to make more calls and requests for assistance in three months time than in 25 years....REALLY?  And none of this is the complex stuff of finances and banking!

Sad but true....am activly working to switch all but minimal banking to an off worksite - non credit union - bank.  If the branch staff was not  so good at trying to give great service, this would be a rating of negative stars! 

Not A Good Option

07/03/2011
Went with this bank to support a local bank versus a large impersonal bank. Service is pretty bad, their website is antiquated, But, the worst part is ALL THOSE FEES!. OMG, I switched to them and started bleeding cash, Did you know that their website which refers you to "surcharge free ATMs" actually means that you indeed DO get charged with a fee? Don't know how they can do this legally, but looks like they're not worried about it. And they hold checks and direct deposits for a sufficient length of time to trigger their pricey overdraft protection. You can do better. Much better

Stay Away!!

Poor service, poor services - don't do it!



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Nymeo Federal Credit Union had $1.76 million in non-current loans and owned real-estate with $31.26 million in equity and loan loss allowances on hand to cover it. This gives Nymeo Federal Credit Union a Texas Ratio of 5.63% 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 Nymeo Federal Credit Union experienced no significant changes from 3.98% as of March 31, 2013 to 5.63% as of March 31, 2014, resulting in a negative change of 41.37%. This indicates that the balance sheet and financial strength for Nymeo Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B

In the past year, Nymeo Federal Credit Union has increased its total deposits by $1.4 million, resulting in 0.68% 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 Nymeo Federal Credit Union has shown is above average.

Capitalization

GRADE:
A+

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. Nymeo Federal Credit Union has $252.47 million in assets with $31.26 million in equity, resulting in a capitalization level of 12.38%, which is excellent.

Institution Statistics

Overall
NCUA #16408
Year Chartered1964
Employees70
Primary Regulator
Assets and Liabilities
Assets$252.47 million
Loans$165.37 million
Deposits$206.84 million
Equity Capital$28.92 million
Loan Loss Allowance$2.35 million
Unbacked Noncurrent Loans$1.76 million
Real Estate Owned$0
Historic Data - March 2013
Assets$239.66 million
Equity Capital$26.55 million
Loan Loss Allowance$2.22 million
Unbacked Noncurrent Loans$1.76 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.62%
Return on Assets1.02%
Return on Equity8.91%
Interest Income$2.95 million
Rates

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

Nymeo Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Share Savings
0.10%--Club Account
0.10%--IRA Savings
0.10%--Roth IRA Savings
0.10%--Coverdell Education Savings

Nymeo Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Money Market Account

Nymeo Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$2,500-Checking Account

Nymeo Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.41%$500-84 Month Share Certificate
1.20%$500-72 Month Share Certificate
1.16%$500-60 Month Share Certificate
1.01%$500-48 - 59 Month Share Certificate
1.00%$500-36 - 47 Month Share Certificate
0.55%$500-24 - 35 Month Share Certificate
0.35%$500-12 Month Share Certificate
0.35%$500-18 - 23 Month Add-On Share Certificate
0.20%$500-6 Month Share Certificate
0.15%$500-91 Day Share Certificate

Nymeo Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.41%$500-84 Month IRA Certificate
1.20%$500-72 Month IRA Certificate
1.16%$500-60 Month IRA Certificate
1.01%$500-48 - 59 Month IRA Certificate
1.00%$500-36 - 47 Month IRA Certificate
0.55%$500-24 - 35 Month IRA Certificate
0.35%$500-18 - 23 Month Add-On IRA Certificate
0.35%$500-12 Month IRA Certificate
0.20%$500-6 Month Add-On IRA Certificate
Locations


Nymeo Federal Credit Union Locations
Branch Office2800 POWDER MILL RDADELPHI, MD 20783
Branch Office100 LAKEFOREST BLVD STE 110GAITHERSBURG, MD 20877-2616
Branch Office193 THOMAS JOHNSON DRFREDERICK, MD 21702
Branch Office108 BUREAU DRGAITHERSBURG, MD 20899-0001
Branch Office11717 EXPLORATION LNGERMANTOWN, MD 20876
Branch Office1520 FREEDMAN DRFREDERICK, MD 21702
Branch Office5301 BUCKEYSTOWN PIKEFREDERICK, MD 21704-8346
Branch Office549 BEASLEY DRFrederick, MD 21702
Branch Office5210 Chairmans CtFREDERICK, MD 21703