CME Federal Credit Union is headquartered in Columbus and is the 24th largest credit union in the state of Ohio. It is also the 843rd largest credit union in the nation. It was established in 1935 and as of December of 2019, it had grown to 71 employees and 35,902 members at 7 locations. CME Federal Credit Union's money market rates are 25% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship, volunteer, or attend school in Delaware, Fairfield, Franklin, Licking, Madison, Morrow, Pickaway and Union counties.
See current membership details
Good experience
I have had good experiences at this credit union. Their rates are good, they have different financial products - I have used multiple checking and savings accounts here. Their customer service is excellent. They don't have locations in places I tend to go, so I have always had to intentionally go out of my way to go to a branch but it is so much better than the bad service I have had at Chase Bank and other banks, so even though it's a hassle sometimes, I felt it was worth it. They are pretty responsive and have had great service and I have used their services for a very long time. They were helpful after I had my wallet stolen and the thief took literally everything but they made the situation a bit easier to get through. They cashed my student loan check and made my funds available immediately when I was a poor college student. Everyone there has been quite friendly and helpful and I can't think of anything negative to say.
2% On All Deposits
This Columbus, Ohio, credit union pays 2% on all checking and savings with a minimum 25 debit card transactions per month. The customer service is fine. The only drawback, and this is minor in my opinion, is the limited integration with Quicken personal finance software. CME doesn't export the name of the payee to Quicken. But it does export the proper amount of each transaction and the correct date, so that's good enough in return for 2% interest without a ceiling. CME's web site fully displays the payee and all information on the transactions, including handy little icons for some of the better-known merchants.
CME Credit Union Rate Drops To 0.50% From 1%
CME FCU in Columbus, Ohio, reduced a 1% EZ to Earn savings/checking interest rate linked to 25 monthly debit card charges to 0.50% as of April 1, 2013. There still is no maximum. This reduction was announced in an email to members in March. There apparently is a 1.01% rate listed on the web site for a "Great to Save" account with these conditions: "Deposit any amount into your savings or checking account and automatically transfer $15 to $1,000 per month into a high-rate 12-month certificate! After 12 months, put the money anywhere you want, like another certificate, or towards that special something you always wanted!"
It's not clear to me from the web site what the Great to Save account offers or what the maximum investment is.
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 294 |
| Year Chartered | 1935 |
| Employees | 71 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.07% |
| Return on Equity - YTD | 11.53% |
| Annual Interest Income | $13.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $297.1MM$277.2MM |
| Loans | Q4 2019vs Q4 2018 | $244.3MM$236.6MM |
| Deposits | Q4 2019vs Q4 2018 | $267.2MM$250.6MM |
| Equity Capital | Q4 2019vs Q4 2018 | $27.5MM$24.1MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $2.2MM$2.8MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $2.4MM$2.0MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |