Average User Rating:
1 star rating based on 1 review.

Steel Valley Credit Union

3840 Pearl Road
Cleveland, OH 44109
877-642-0128
www.steelvalleyfcu.org

NCUA

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Steel Valley Credit Union is headquartered in CLEVELAND and is the 107^th largest credit union in the state of Ohio. It is also the 2,470^th largest credit union in the nation. It was established in 1966 and as of December of 2012, it had grown to 31 employees and 8,749 members. Steel Valley Credit Union has a 4-star health rating.

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

Steel Valley Credit Union Savings Account Rates

Apy	Min	Max	Product
0.10%	$250	-	Regular Share Account
0.10%	$250	-	Club Account

Steel Valley Credit Union Money Market Rates

Apy	Min	Max	Product
0.40%	$50k	-	Money Market Account
0.40%	$50k	-	IRA Money Market Account

Steel Valley Credit Union CD Rates

Apy	Min	Max	Product
1.26%	$500	-	60 Month CD
0.60%	$500	-	48 Month CD
0.50%	$500	-	36 Month CD
0.35%	$500	-	24 Month CD
0.30%	$500	-	18 Month CD
0.25%	$500	-	12 Month CD
0.20%	$500	-	6 Month CD
0.15%	$500	-	3 Month CD

Steel Valley Credit Union IRA Rates

Apy	Min	Max	Product
1.26%	$500	-	60 Month IRA
0.60%	$500	-	48 Month IRA
0.50%	$500	-	36 Month IRA
0.35%	$500	-	24 Month IRA
0.30%	$500	-	18 Month IRA
0.25%	$500	-	12 Month IRA
0.20%	$500	-	6 Month IRA
0.15%	$500	-	3 Month IRA

Rates updated: 5/22/2013

Data for Q4 2012

Institution Statistics

STEEL VALLEY
NCUA #	17555
BankRate Report	View
Year Chartered	1966
Employees	31
Primary Regulator
Assets and Liabilities
Assets	$42.81 million
Loans	$33.08 million
Deposits	$39.42 million
Equity Capital	$3.10 million
Loan Loss Allowance	$389,000
Unbacked Noncurrent Loans	$264,000
Real Estate Owned	$167,000
Historic Data - December 2011
Assets	$35.11 million
Equity Capital	$2.84 million
Loan Loss Allowance	$369,000
Unbacked Noncurrent Loans	$256,000
Profit Margin - Quarterly
Net Interest Margin	7.43%
Return on Assets	0.63%
Return on Equity	8.63%
Interest Income	$2.65 million
Non-Interest Income	$1.45 million

Institution Health

Overall Score:

4 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 December 31, 2012 Steel Valley Credit Union had $431,000 in non-current loans and owned real-estate with $3.49 million in equity and loan loss allowances on hand to cover it. This gives Steel Valley Credit Union a Texas Ratio of 12.34% 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 Steel Valley Credit Union held steady from 7.99% as of December 31, 2011 to 12.34% as of December 31, 2012, resulting in a negative change of 54.48%. This indicates that the balance sheet and financial strength for Steel Valley Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Steel Valley Credit Union has increased its total deposits by $7.46 million, resulting in 23.35% 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 Steel Valley Credit Union has shown is excellent.
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. Steel Valley Credit Union has $42.81 million in assets with $3.49 million in equity, resulting in a capitalization level of 8.16%, which is average.

Worst Nightmare From Hell Credit Union I Have Ever Experienced
1 stars

- creditbuilder - Friday, September 21, 2012 - 9:17 PM

I believe larry ,curly , and moe have more common sense of how to run a credit union!!!,They cant even get the title transfered right,I wasted multiple trips driving to cleveland, only to find out that I needed to "pay" for a duplicate copy of my title in my own town, because the releasing loan company electronically sends the title to the title office and Steele Valley never had a second power of attorney release signed to take care of that part of the transaction. (The title office said that that specific loan company "always" does it that way and they should have known that.) In the mean time I am having to borrow a car to drive to work daily because my 30 day tag expired and I could not get my plates without the title. My 3 year old could run an office more efficiently. I wasted a lot of time placing multiple calls only to be ignored, with no answer at all or transferred to another extension leaving a message that was NEVER returned. The worst is yet to come. After wasting a month of running around, getting the run around, and paying out more money than I should have had to, I finally got my plates and thought the rest would go as planned. NOT!!!!! Now I have received a notice that I have a misse payment and a late fee, when I have direct deposit set up through my employer, which has been taken out faithfully, they are to be deducting the payments automatically, and through their own incompetance, they have NOT paid themselves. The should be taking out my payments bi-weekly and they are only taking them out monthly, shorting themselves and blaming me and sending me notices of non-payment and late fees. TALK ABOUT STUPIDITY!!!!! I got this loan to establish credit for myself with this company and now I could be destroying it instead with Steele Valley because of their own stupidity of not paying themselves properly - bi-weekly. I would not recommend Steele Valley to Satin, this hell would be too much for even him.