Credit Union Of Ohio is headquartered in Hilliard and is the 40th largest credit union in the state of Ohio. It is also the 1,204th largest credit union in the nation. It was established in 1966 and as of December of 2022, it had grown to 47 employees and 23,070 members at 6 locations. Credit Union Of Ohio's money market rates are 4X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Credit Union of Ohio is open to those who live, work, worship, or attend school in the Ohio counties of Cuyahoga, Delaware, Fairfield, Franklin, Geauga, Lake, Licking, Lorain, Madison, Mahoning, Medina, Pickaway, Portage, Summit, or Trumbull. Employees of 19 SEGs (including the State of Ohio and State Teachers Employees Retirement System) are also eligible to join, as are family members of current members in good standing.
See current membership details
Savings Account
I did a lot of research when looking into savings accounts. I am just starting out trying to build up my savings and every other place I looked into had very, very tiny interest rates or required tens of thousands of dollars in your savings account before you could even begin earning interest. It was also important for me to use an institution with a brick and mortar location so that I could make deposits or withdrawals in person, right away instead of waiting for things to transfer electronically. I joined the credit union and signed up for their automatic deposit into my savings account from my paycheck. The interest rates were MUCH higher than any other bank I looked into, the staff were super friendly and helpful even over the phone, and I have had nothing but pleasant experiences when dealing with anything related to my account.
Awesome Credit Union For Franklin And Fairfield County!
We had accounts with Credit Union of Ohio for over 10 years and never once did they disappoint us! Their rates and products are extremely competitive, plus the added PridePoints program. Their website was very user friendly and we were able to maintain our accounts there even while my husband was in school out of state by utilizing the shared branch services offered at select credit unions around the country. We had checking and savings accounts through them, as well as a general loan. But the checking and savings accounts were what kept us around. We had overdraft protection, with the added benefit of receiving any fees back by using our Pride Points. The PridePoints program was super easy to understand and use. One phone call and all our problems were solved. We are thankful we got to use this credit union while living in Ohio!
Great Bank
I opened an account at CUoO when I was a student at Ohio State and worked part time for the university. I have never had any issues with them, which was very nice after repeated issues with a few of the major national banks. One thing that always made me happy was that if I had a problem and I called or went in, I would be talking directly to someone who lived in MY town and had the power to fix the issue on my account without having to pass it off to a supervisor. No call centers in North Dakota or any crap like that. They're also somewhat lenient on NSF fees (WAY more than any national bank). The Debit card won't work if you don't have the money in your account, which has saved me from huge overdrafts a few times (they did this before the government mandated that you had to ask if people wanted overdrafting allowed).
The only real complaint I have is a lack of locations, there are only like 4 of them, and one of them is only open two days a week. If you live in Columbus though, and are anywhere near campus especially, this bank is great and I highly recommend it.
Horrible Experience
Customer service is not a value for them. I’d highly recommend a Wright Patt or Huntington instead.
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68561 |
| Year Chartered | 1966 |
| Employees | 47 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.25% |
| Return on Equity - YTD | 2.57% |
| Annual Interest Income | $6.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $216.1MM$200.7MM |
| Loans | Q4 2022vs Q4 2021 | $81.8MM$74.8MM |
| Deposits | Q4 2022vs Q4 2021 | $192.8MM$180.9MM |
| Equity Capital | Q4 2022vs Q4 2021 | $21.3MM$19.0MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $895.00K$522.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $952.00K$599.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |