Nickel Steel Federal Credit Union

Overview / Commentary
1067 S. Main St.
Lima, OH 45804

Nickel Steel Federal Credit Union is headquartered in lima and is the 199th largest credit union in the state of Ohio. It is also the 4,283rd largest credit union in the nation. It was established in 1953 and as of December of 2021, it had grown to 3 employees and 601 members at 1 location. Nickel Steel Federal Credit Union has a B health rating.

Field of Membership Restrictions

Nickel Steel Federal Credit Union is open to those who live, work, volunteer, attend school or worship in the city of Lima, Ohio and to employees and retirees of Whemco, N & S Railroad, Superior Forge & Steel, L.A.C.C.A, V.F.W. Post #1911, Frank's Drive-thru, Ohio Army National Guard, Southside Neighborhood Association, International Brake, UAW Local 975.
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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Nickel Steel Federal Credit Union has a very low asset base.

Health Grade Components

NCUA #9000
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD-0.03%
Return on Equity - YTD-0.14%
Annual Interest Income$168.00K
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$6.2MM$5.9MM
LoansQ4 2021vs Q4 2020$2.4MM$2.3MM
DepositsQ4 2021vs Q4 2020$4.8MM$4.5MM
Equity CapitalQ4 2021vs Q4 2020$1.4MM$1.4MM
Loan Loss AllowanceQ4 2021vs Q4 2020$1,000$17.00K
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$13.00K$13.00K
Real Estate OwnedQ4 2021vs Q4 2020$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Nickel Steel Federal Credit Union Savings Account Rates

0.15%$100-IRA Account
0.10%*$50k*-Regular Share / Savings Account
OTHER TIERS: 0.03% $100 - $50k
0.03%$100-Club Accounts

Nickel Steel Federal Credit Union CD Rates

0.55%$4k-38 Month CD
0.50%*$4k*-20 Month CD
OTHER TIERS: 0.35% $500 - $4k
0.50%*$4k*-26 Month CD
OTHER TIERS: 0.45% $500 - $4k
0.45%*$4k*-14 Month CD
OTHER TIERS: 0.30% $500 - $4k
0.30%*$4k*-7 Month CD
OTHER TIERS: 0.10% $500 - $4k

Nickel Steel Federal Credit Union Locations
Branch Office1067 s main stlima, OH 45804-2043

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