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Overview / Commentary
269-441-1400
P.O. Box 1537
Battle Creek, MI 49016

Omni Community Credit Union is headquartered in BATTLE CREEK and is the 37th largest credit union in the state of Michigan. It is also the 674th largest credit union in the nation. It was established in 1952 and as of December of 2013, it had grown to 77 employees and 34,852 members. Omni Community Credit Union's savings rates are 44% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Allegan, Branch, Eaton, Van Buren, Berrien, Calhoun, Kalamazoo, Barry, Cass or St. Joseph County. - See Details

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Health

Data for Q4 2013

Institution Health

A+

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 Omni Community Credit Union had $2.51 million in non-current loans and owned real-estate with $41.6 million in equity and loan loss allowances on hand to cover it. This gives Omni Community Credit Union a Texas Ratio of 6.03% 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 Omni Community Credit Union experienced no significant changes from 3.84% as of December 31, 2012 to 6.03% as of December 31, 2013, resulting in a negative change of 57.19%. This indicates that the balance sheet and financial strength for Omni Community Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Omni Community Credit Union has increased its total deposits by $13.8 million, resulting in 5.56% 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 Omni Community Credit Union has shown is excellent.

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. Omni Community Credit Union has $307.02 million in assets with $41.6 million in equity, resulting in a capitalization level of 13.55%, which is excellent.

Institution Statistics

Overall
NCUA #60105
Year Chartered1952
Employees77
Primary Regulator
Assets and Liabilities
Assets$307.02 million
Loans$134.48 million
Deposits$261.78 million
Equity Capital$40.31 million
Loan Loss Allowance$1.29 million
Unbacked Noncurrent Loans$2.12 million
Real Estate Owned$389,000
Historic Data - December 2012
Assets$292.18 million
Equity Capital$39.20 million
Loan Loss Allowance$1.24 million
Unbacked Noncurrent Loans$2.12 million
Real Estate Owned$588,000
Profit Margin - Quarterly
Net Interest Margin6.12%
Return on Assets1.06%
Return on Equity8.08%
Interest Income$10.50 million
Rates

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

Omni Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%--Regular IRA Savings Account
0.75%--Roth IRA Savings Account
0.75%--Coverdell Education Savings Account
0.20%$50k-Smart Savings Account
0.15%$10k-Regular Savings Account
0.10%--Christmas Club Account

Omni Community Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$200k-Money Market Account

Omni Community Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$50k-Smart Checking Account
0.15%$15k-Business Checking Account

Omni Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.75%$100k-5 Year Jumbo CD
1.50%$1k$100k5 Year CD
1.50%$100k-4 Year Jumbo CD
1.25%$1k$100k4 Year CD
1.25%$100k-3 Year Jumbo CD
1.00%$1k$100k3 Year CD
0.85%$100k$100k2 Year Jumbo CD
0.75%$100k-1 Year Jumbo CD
0.60%$1k$100k2 Year CD
0.60%$100k-6 Month Jumbo CD
0.50%$1k$100k1 Year CD
0.35%$1k$100k6 Month CD

Omni Community Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.75%$100k-5 Year Jumbo IRA CD (Traditional,Roth,CESA)
1.50%$100k-4 Year Jumbo IRA CD (Traditional,Roth,CESA)
1.50%$1k$100k5 Year IRA CD (Traditional,Roth,CESA)
1.25%$100k-3 Year Jumbo IRA CD (Traditional,Roth,CESA)
1.25%$1k$100k4 Year IRA CD (Traditional,Roth,CESA)
1.00%$1k$100k3 Year IRA CD (Traditional,Roth,CESA)
0.85%$100k-2 Year Jumbo IRA CD (Traditional,Roth,CESA)
0.75%$100k-1 Year Jumbo IRA CD (Traditional,Roth,CESA)
0.60%$1k$100k2 Year IRA CD (Traditional,Roth,CESA)
0.50%$1k$100k1 Year IRA CD (Traditional,Roth,CESA)
Locations


Omni Community Credit Union Locations
Branch Office4150 W Dickman RdSpringfield, MI 49037
Branch Office1609 E Cork StKalamazoo, MI 49001
Branch Office1 Denso RdBattle Creek, MI 49037
Branch Office15424 Broadway RdThree Rivers, MI 49093
Branch Office207 Broadus StSturgis, MI 49091
Branch Office6622 W Main StKalamazoo, MI 49009
Branch Office3141 Capital Ave SWBattle Creek, MI 49015
Branch Office220 Roosevelt Ave EBattle Creek, MI 49037