Cobalt Credit Union


Overview / Commentary
402-514-4980
7148 Towne Center Pkwy
Papillion, NE 68046

Cobalt Credit Union is headquartered in Papillion and is the 2nd largest credit union in the state of Nebraska. It is also the 366th largest credit union in the nation. It was established in 1946 and as of June of 2024, it had grown to 245 employees and 114,479 members at 25 locations. Cobalt Credit Union's CD rates are 4X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Cobalt Credit Union is open to those who live, work, attend school, or worship in the Nebraska counties of Cass, Dodge, Douglas, Sarpy, Saunders, or Washington, or the Iowa counties of Carroll, Crawford, Harrison, Ida, Mills, Monona, Pottawattamie, Sac, or Shelby. Employees/retirees of SpartanNash and their immediate family qualify for membership, as do immediate family members of current Cobalt Credit Union members.
See current membership details

Reviews (3)

Extremely Disappointed!

I have belonged to Cobalt Credit Union, which was previously SAC Credit Union, since 1995, when it served only the Offutt AFB community, and military retirees. At that time, it was awesome, and I trusted it with all my financial needs. The staff was extrmely competent, professional and courteous. Then, it opened its doors to anyone with a pulse and built an ostentatious building near 370 and 72nd St. I had the opportunity over a year ago to visit this building while discussing our mortgage. The monsterous building was virtually empty and it took forever to find anyone to discuss our mortgage. The person was finally located, however, she had a rude, laxidasical attitude. This was our first experience with the new staff since it opened its membership to everyone.

We recently decided we had enough with Cobalt and decided to pay off our mortgage. After attempting to handle the issue online, and finally on the phone without success, we decided to visit the facility once again today. Again, the facility was virtually empty. All of the cubicles were empty and the only persons, other that three females conversing in the main lobby, were the Branch Manager and two tellers. The teller and Branch Manager attempted for quite some time to locate someone to help us. While waiting, I purposefully watched the three females engaged in discussion. Uncomfortable, the three finally dispersed and went to their respective areas, two of which were in the empty cubicles. They continued to watch me to see if I continued watching them. Still, 80% of the cubicles remained vacant.

The Branch Manager was finally able to reach someone on the phone who gave her our payoff. We concluded our business there and left. After viewing the lack of stewardship for the funds of the patrons and constructing a monsterous facility that was obviously constructed to demonstrate unneeded opulence, we will be closing all of our accounts and discontinuing any affiliation with Cobalt. This is a sad statement of an organization that faithfully served the Offutt community for so long.

Poor Online Bank Systems

Posted by: |

Online banking is far from user friendly.
Setup an account at the bank and asked the teller how to login. Was told I just needed to register online but now I have to make another trip back to the bank to get some kind of pass code the gal could of gave me when I was there. Not impressed and as soon as the money I deposited is released (7 days of them holding) I am pulling back out and taking to my other bank where I do not have these issues.

Terrible Company

Posted by: |

The absolute worst credit union. They will fee you for everything and then be extremely rude when asking about charges. Example when we recently received the stimulus checks it showed as a pending deposit which normally goes through the next day. So I paid a bill that day knowing it wouldn’t go through until after the stimulus cleared. Nope they had that and three other charges go through first so they could collect 3 overdraft fees first. Then you call to ask what happened and there extremely rude. They’re prime representation of money over doing what’s right.



Health
B+

Health Grade Components

Overall
NCUA #24917
Year Chartered1946
Employees245
Primary Regulator
Profit Margin
Return on Assets - YTD-0.29%
Return on Equity - YTD-3.41%
Annual Interest Income$30.8MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$1.27B$1.3B
LoansQ2 2024vs Q2 2023$1.03B$1.09B
DepositsQ2 2024vs Q2 2023$1.09B$1.09B
Equity CapitalQ2 2024vs Q2 2023$107.6MM$108.7MM
Loan Loss AllowanceQ2 2024vs Q2 2023$9.9MM$7.6MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$8MM$3.2MM
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Cobalt Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Cobalt Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$10-Holiday Club
0.25%$10-Vacation Club
0.25%$0-Health Savings
0.10%$0-Share Savings
0.10%$0-Business Share Savings

Cobalt Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%*$20k*-Personal Prime Money Market Account
OTHER TIERS: 0.10% $0 - $20k
1.30%*$1m*-Business Money Market Account
OTHER TIERS: 0.10% $2.5k - $10k | 0.60% $10k - $100k | 0.90% $100k - $250k | 1.20% $250k - $1m
1.10%$0-Business Relationship Money Market
0.90%*$250k*-Personal Premier Money Market
OTHER TIERS: 0.45% $25k - $100k | 0.65% $100k - $250k
0.25%*$100k*-Personal Money Market
OTHER TIERS: 0.10% $2.5k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k
0.25%*$100k*-IRA Money Market
OTHER TIERS: 0.10% $2.5k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k

Cobalt Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%*$2.5k*$20kElite Checking
OTHER TIERS: 0.15% $20k+
1.50%*$0$10kCobalt Blue Checking
OTHER TIERS: 0.15% $10k+
0.10%*$10k*-Business Interest Checking
OTHER TIERS: 0.05% $500 - $10k
0.05%$500-Basic Business Checking Plus

Cobalt Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%*$100k*-6 Month Term Certificate
OTHER TIERS: 4.15% $1k - $100k
4.25%*$100k*-Business 6 Month Term Certificate
OTHER TIERS: 4.15% $1k - $100k
3.85%*$100k*-12 Month Term Certificate
OTHER TIERS: 3.75% $1k - $100k
3.85%*$100k*-Business 12 Month Term Certificate
OTHER TIERS: 3.75% $1k - $100k
3.75%$30-12 Month Baby Bundle Term Certificate
3.70%*$100k*-18 Month Term Share Certificate
OTHER TIERS: 3.60% $1k - $100k
3.70%*$100k*-Business 18 Month Term Certificate
OTHER TIERS: 3.60% $1k - $100k
3.60%*$100k*-24 Month Term Share Certificate
OTHER TIERS: 3.50% $1k - $100k
3.60%*$100k*-Business 24 Month Term Certificate
OTHER TIERS: 3.50% $1k - $100k
3.50%$30-24 Month Baby Bundle Term Certificate
3.35%*$100k*-30 Month Term Share Certificate
OTHER TIERS: 3.25% $1k - $100k
3.35%*$100k*-Business 30 Month Share Certificate
OTHER TIERS: 3.25% $1k - $100k
3.25%*$100k*-36 Month Term Share Certificate
OTHER TIERS: 3.15% $1k - $100k
3.25%*$100k*-48 Month Term Share Certificate
OTHER TIERS: 3.15% $1k - $100k
3.25%*$100k*-60 Month Term Share Certificate
OTHER TIERS: 3.15% $1k - $100k
3.25%*$100k*-Business 36 Month Term Certificate
OTHER TIERS: 3.15% $1k - $100k
3.25%*$100k*-Business 48 Month Term Certificate
OTHER TIERS: 3.15% $1k - $100k
3.25%*$100k*-Business 60 Month Term Certificate
OTHER TIERS: 3.15% $1k - $100k
3.25%*$100k*-36 Month Bump-Up Share Certificate
OTHER TIERS: 3.15% $1k - $100k

Cobalt Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.85%*$100k*-12 Month IRA Term Share
OTHER TIERS: 3.75% $1k - $100k
3.70%*$100k*-18 Month IRA Term Share
OTHER TIERS: 3.60% $1k - $100k
3.60%*$100k*-24 Month IRA Tern Share
OTHER TIERS: 3.50% $1k - $100k
3.35%*$100k*-30 Month IRA Term Share
OTHER TIERS: 3.25% $1k - $100k
3.25%*$100k*-36 Month IRA Term Share
OTHER TIERS: 3.15% $1k - $100k
3.25%*$100k*-60 Month IRA Term Share
OTHER TIERS: 3.15% $1k - $100k
3.25%*$100k*-48 Month IRA Term Share
OTHER TIERS: 3.15% $1k - $100k
3.25%*$100k*-36 Month Bump Up IRA Term Share
OTHER TIERS: 3.15% $1k - $100k
Locations

Availability



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