Nymeo Federal Credit Union

Overview / Commentary
5210 Chairmans Ct
Frederick, MD 21703

Nymeo Federal Credit Union is headquartered in Frederick, Maryland. It was chartered in 1964.

Credit union membership is open to anyone who lives, works, worships or attends school in the City of Frederick. Please refer to the credit union’s website for the full details of credit union membership eligibility.

Nymeo has branches in the Maryland cities of Frederick, Gaithersburg, Germantown and Adelphi. Nymeo is also part of the shared branch network, CU Service Center, which allows Nymeo members to conduct many banking transactions at branches of other credit unions that are part of this network throughout the nation.

Nymeo members have surcharge-free access to thousands of ATMs in the CO-OP and AllPoint Network.

A share savings account must be maintained by each member with a $5 minimum balance.

A free checking account is available with no monthly service fee and no minimum balance requirement.

Additional noteworthy deposit products include a money market account, share certificates and Individual Retirement Accounts (IRAs). IRAs can be opened as a Traditional, Roth or Coverdell ESA.

Noteworthy services offered by Nymeo include online banking, online bill pay, mobile banking, external account-to-account transfers and Popmoney that allows sending and moving money to and from other people.

Field of Membership Restrictions

Membership in Nymeo is open to those who live, work, worship, attend school, or regularly conduct business in Frederick or Montgomery Counties, Maryland. Membership is also open to immediate family of current members.
See current membership details

Reviews (5)


Posted by: |

The only reason for the rating of "2" is because the branch staff members really try very hard and diligently  to work with customers.  This rating really address the people and systems a customer never gets to see.....the ones at the other end of endless message trees and unanswered emails!  But for the  branch staff there would be no stars on this rating.

After over 25 years of great banking at my credit union...the credit union was taken over by NYMEO.... ...  Everyday is a new adventure and not a pleasant one.  Just this week I have tried to activate a credit card....no luck;  emailed for help....no response; called for help got "sorry our systems are down please call back in 1/2 hour" message; 

If you get stuck on a NYMEO phone/message  tree there is no option provided for help (or escape) so you have to start over. You just keep getting the message "you have made an invalid selection"......funny since on a couple calls I didn't even make selections.....guess I just wasn't fast enough to satisfy the 24 hour service line that was answered by a computer!   Have had to make more calls and requests for assistance in three months time than in 25 years....REALLY?  And none of this is the complex stuff of finances and banking!

Sad but true....am activly working to switch all but minimal banking to an off worksite - non credit union - bank.  If the branch staff was not  so good at trying to give great service, this would be a rating of negative stars! 

Terrible Customer Service

Posted by: |

I have never in my LIFE experienced customer service this bad! And believe me, I've experiences some pretty bad CS. I've been trying for months to speak to some sort of manager at Nymeo because the representatives that I've been speaking with are incompetent! I've left messages and emails, NO RESPONSE!! DO NOT EVEN CONSIDER BANKING WITH THESE PEOPLE!!

Nymeo -- The Personification Of Incompetence

I just had yet another extraordinarily frustrating interaction with Nymeo Federal Credit Union, surely the world's most poorly run credit union. The criteria for employment there are as follows: 1) No information about how to process transactions and no interest in or ability to obtain that information, 2) No knowledge of or interest in bank procedures, 3) No interest in customers needs and absolutely no intention of becoming interested. Without total ignorance and possibly hatred of the institution one works for and for its customers, one cannot be employed there. There is no reason in the world to trust ones money to this institution. DO NOT DO IT.

Stay Away!!

Posted by: |

Poor service, poor services - don't do it!

Not A Good Option

Posted by: |

Went with this bank to support a local bank versus a large impersonal bank. Service is pretty bad, their website is antiquated, But, the worst part is ALL THOSE FEES!. OMG, I switched to them and started bleeding cash, Did you know that their website which refers you to "surcharge free ATMs" actually means that you indeed DO get charged with a fee? Don't know how they can do this legally, but looks like they're not worried about it. And they hold checks and direct deposits for a sufficient length of time to trigger their pricey overdraft protection. You can do better. Much better


Health Grade Components

NCUA #16408
Year Chartered1964
Primary Regulator
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD4.73%
Annual Interest Income$4.4MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$364.3MM$359.1MM
LoansQ1 2024vs Q1 2023$244.4MM$235MM
DepositsQ1 2024vs Q1 2023$321.9MM$319.7MM
Equity CapitalQ1 2024vs Q1 2023$32.7MM$30.3MM
Loan Loss AllowanceQ1 2024vs Q1 2023$1.9MM$1.7MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$3.3MM$2.3MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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Always verify rates and promotions with the bank or credit union. We are not Nymeo Federal 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.

Nymeo Federal Credit Union Savings Account Rates

0.20%$5-Share Savings Account
0.10%$5-Holiday Club
0.10%$5-IRA Savings Accounts
0.10%*$2.5k*-Business Share Savings Accounts
OTHER TIERS: 0.05% $0 - $2.5k
0.10%$5-Vacation Club
0.10%$5-Combo Club

Nymeo Federal Credit Union Money Market Rates

1.00%*$100k*-Money Market Accounts
OTHER TIERS: 0.55% $2.5k - $25k | 0.65% $25k - $100k
0.90%*$100k*-Business Money Market Accounts
OTHER TIERS: 0.20% $0 - $2.5k | 0.35% $2.5k - $25k | 0.50% $25k - $50k | 0.65% $50k - $100k

Nymeo Federal Credit Union Checking Account Rates

0.10%*$1.5k*-Premier Interest Checking
OTHER TIERS: 0.05% $0 - $1.5k
0.10%$0-Business Interest Checking
0.05%$0-Easy Interest Checking

Nymeo Federal Credit Union CD Rates

4.46%$2.5k-6 Month Share Certificate
4.31%$2.5k-3 Month Share Certificate
4.24%$1k-12 Month Share Certificate
4.02%$500-18 Month Add-On Share Certificate
3.77%$2.5k-24 Month Share Certificate
3.63%$2.5k-Business 6 Month Share Certificate
3.59%$2.5k-36 Month Share Certificate
3.50%$2.5k-Business 3 Month Share Certificate
3.45%$1k-Business12 Month Share Certificate
3.43%$2.5k-60 Month Share Certificate
3.43%$2.5k-72 Month Share Certificate
3.43%$2.5k-84 Month Share Certificate
3.33%$2.5k-48 Month Share Certificate
3.26%$1k-Business 18 Month Share Certificate
3.06%$2.5k-Business 24 Month Share Certificate
2.91%$2.5k-Business 36 Month Share Certificate
2.78%$2.5k-Business 60 Month Share Certificate
2.78%$2.5k-Business 72 Month Share Certificate
2.78%$2.5k-Business 84 Month Share Certificate
2.70%$2.5k-Business 48 Month Share Certificate

Nymeo Federal Credit Union IRA Rates

4.46%$2.5k-6 Month IRA
4.24%$1k-12 Month IRA
4.02%$500-18 Month Add-On IRA
3.77%$2.5k-24 Month IRA
3.59%$2.5k-36 Month IRA
3.43%$2.5k-60 Month IRA
3.43%$2.5k-72 Month IRA
3.43%$2.5k-84 Month IRA
3.33%$2.5k-48 Month IRA

Nymeo Federal Credit Union Locations
Branch Office5301 BUCKEYSTOWN PIKE STE 205DFREDERICK, MD 21704-8380
Branch Office1 BANK ST STE 100GAITHERSBURG, MD 20878-1501

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