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Ohio Catholic Federal Credit Union


Overview / Commentary
www.ohiocatholicfcu.com
888-696-4462
13623 Rockside Rd
Garfield Hts, OH 44125

Ohio Catholic Federal Credit Union is headquartered in Garfield Hts and is the 37th largest credit union in the state of Ohio. It is also the 1,171st largest credit union in the nation. It was established in 1954 and as of June of 2020, it had grown to 53 employees and 12,426 members at 5 locations. Ohio Catholic Federal Credit Union has an A+ health rating.

Field of Membership Restrictions

Ohio Catholic Federal Credit Union membership is open to employees, students and members of any Catholic Diocese - including schools, parishes, ministries, organizations, services or entities - within Ohio State. Also eligible for membership are immediate family and household members, employees & retirees or volunteers of Ohio Catholic FCU, or employees and members of the Clark-Metro Development Corporation of Cleveland and employees of M and M Foods, who are paid from Cleveland, OH. (A complete list of requirements are listed on the credit union's website)
See current membership details

Reviews (3)

Great bank until you actually need help or have a dispute

Posted by: |

I have been with the bank since I opened my first savings account as a child. I attended the Catholic grade school associated with the institution and my parents were members since enrolling my in kindergarten. My banking experience with Ohio Catholic was always enjoyable, as I grew up and opening a checking account with them as well for automatic deposits as I began working in high school. It was nice having a small bank where people recognized you and knew you by name. A lot of parents whose children I attended school with also worked there and were always excited to see me. It was a personal experience, which I enjoyed. The real issue began when I moved away for college. It wasn't easy to access my money since they are a same bank and had limited free ATMs in the Columbus area. Then, one day my landlord cashed my rental check extremely late without my knowledge. The same day, a Saturday, I went shopping at the mall and made six different purchases using my debit card with Ohio Catholic. While I had nearly $10,000+ in my savings (for school), my checking was drained by the rental check and all six purchases at the mall caused Ohio Catholic to charge me SIX overdraft fees. SIX! Totaling $180 in fees. For under $100 in purchases. I was furious, especially since I thought I had my debit card set to get declined when I was out of money. And, all they had to do was transfer money from my savings to checking. It wasn't like I didn't have the money. If anything, it should have been a one-time fee for $30, not six separate charges. The worst part is- NO ONE at this "small, family, religious-oriented" bank bothered to call me on Monday to let me know I over withdrew my account... Luckily I check my banking online regularly and saw it myself. In fact, no one contacted me all week. So, I would've kept racking up overdraft charges. When I went home to Cleveland and sat down to talk with a banking representative high up in the company, a parent I knew since I was five years old, I was told there was nothing they could do to reverse the fees. I had been with them for 15+ years, had loans for school through them, my parents have been with them for 25+ years and financed school tuition, a mortgage, three cars, a camper, and a boat through them. And there was nothing they could do- not even refund me for a couple of the six charges at $30 a piece. I was furious! Here is a bank I stick with thinking it is all about caring for their clients and a loyal one, a college student, can't even get their help. On top of that, apparently I had to "sign off" on canceling their "overdraft protection" in order to get my card declined instead... a notice I never received. The overdraft protect, i.e. money maker for them, is automatically applied to your account. While I still have accounts open with them for the convenience now that I am back in Cleveland, I certainly will never take out any loans or credit cards through them and look forward to opening new accounts with a new bank soon.

2

Turning Into A Regular Bank

Posted by: |

Used to be a great credit union 15 years ago. But seems with every new management change, it gets more and more about charging fee's like a regular bank.

Just so management can get up in front of the annual members meeting and say look at how good we done. They don't seem to realize that without MEMBERS, there is no CREDIT UNION, and FEES DRIVE MEMBERS AWAY!!!

1

Charged Me 60.00 For Being Short 14Cents

Posted by: |

You should be a shame to call yourself a Catholic credit union You stink! Can't wait to get away from!

2


Health
A+

Data as of Q2 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #9208
Year Chartered1954
Employees53
Primary Regulator
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD6.59%
Annual Interest Income$3.5MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$195.4MM$176.1MM
LoansQ2 2020vs Q2 2019$127.4MM$113.8MM
DepositsQ2 2020vs Q2 2019$161.8MM$147.5MM
Equity CapitalQ2 2020vs Q2 2019$26.3MM$24.2MM
Loan Loss AllowanceQ2 2020vs Q2 2019$1.3MM$1.1MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$682.00K$966.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$40.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Ohio Catholic 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.

Ohio Catholic Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$100-Vacation Club Account
2.00%$100-Christmas Club Account
0.10%$100-IRA Savings Account
0.05%*$25k*-Share Savings Account
OTHER TIERS: 0.01% → $100 - $25k
0.05%*$25k*-Organization Savings
OTHER TIERS: 0.01% → $100 - $25k
0.05%*$25k*-Business Savings
OTHER TIERS: 0.01% → $1k - $25k

Ohio Catholic Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$500k*-Organization Money Market
OTHER TIERS: 0.01% → $1k - $25k | 0.05% → $25k - $100k | 0.10% → $100k - $250k | 0.15% → $250k - $500k
0.15%*$75k*-Money Market Accounts
OTHER TIERS: 0.05% → $1k - $25k | 0.10% → $25k - $75k
0.15%*$150k*-Business Money Market
OTHER TIERS: 0.05% → $1k - $50k | 0.10% → $50k - $150k

Ohio Catholic Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$2.5k-High Yield Checking Account
0.01%$500-Organization Checking
0.01%$1k-Business Checking

Ohio Catholic Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$100k*-84 Month CD
OTHER TIERS: 0.55% → $500 - $25k | 0.60% → $25k - $100k
0.60%*$100k*-72 Month CD
OTHER TIERS: 0.50% → $500 - $25k | 0.55% → $25k - $100k
0.60%*$100k*-84 Month Bump CD
OTHER TIERS: 0.55% → $25k - $100k
0.60%*$100k*-Organization 36 Month CD
OTHER TIERS: 0.50% → $500 - $25k | 0.55% → $25k - $100k
0.60%*$100k*-Commercial 36 Month CD
OTHER TIERS: 0.50% → $500 - $25k | 0.55% → $25k - $100k
0.55%*$100k*-60 Month CD
OTHER TIERS: 0.45% → $500 - $25k | 0.50% → $25k - $100k
0.50%*$100k*-60 Month Bump CD
OTHER TIERS: 0.45% → $25k - $100k
0.50%*$100k*-36 Month CD
OTHER TIERS: 0.35% → $500 - $25k | 0.45% → $25k - $100k
0.50%*$100k*-48 Month CD
OTHER TIERS: 0.40% → $500 - $25k | 0.45% → $25k - $100k
0.50%*$100k*-Organization 24 Month CD
OTHER TIERS: 0.40% → $500 - $25k | 0.45% → $25k - $100k
0.50%*$100k*-Commercial 24 Month CD
OTHER TIERS: 0.40% → $500 - $25k | 0.45% → $25k - $100k
0.40%$25k-36 Month Bump CD
0.40%*$100k*-24 Month CD
OTHER TIERS: 0.35% → $500 - $100k
0.40%*$100k*-Organization 18 Month CD
OTHER TIERS: 0.35% → $500 - $100k
0.40%*$100k*-Commercial 18 Month CD
OTHER TIERS: 0.30% → $500 - $25k | 0.35% → $25k - $100k
0.35%*$100k*-12 Month CD
OTHER TIERS: 0.25% → $500 - $25k | 0.30% → $25k - $100k
0.35%*$100k*-18 Month CD
OTHER TIERS: 0.25% → $500 - $25k | 0.30% → $25k - $100k
0.30%*$100k*-Commercial 3-5 Month CD
OTHER TIERS: 0.20% → $500 - $100k
0.30%*$100k*-Commercial 6-11 Month CD
OTHER TIERS: 0.20% → $500 - $100k
0.30%*$100k*-Commercial 12 Month CD
OTHER TIERS: 0.20% → $500 - $25k | 0.25% → $25k - $100k
0.25%*$100k*-6-11 Month CD
OTHER TIERS: 0.20% → $500 - $100k
0.25%$500-Organization 12 Month CD
0.20%$500-3-5 Month CD
0.20%$500-Organization 6-11 Month CD
0.10%$500-Organization 3-5 Month CD

Ohio Catholic Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$100k*-84 Month IRA Certificate
OTHER TIERS: 0.55% → $500 - $25k | 0.60% → $25k - $100k
0.60%*$100k*-72 Month IRA Certificate
OTHER TIERS: 0.50% → $500 - $25k | 0.55% → $25k - $100k
0.60%*$100k*-84 Month Bump IRA Certificate
OTHER TIERS: 0.55% → $25k - $100k
0.55%*$100k*-60 Month IRA
OTHER TIERS: 0.45% → $500 - $25k | 0.50% → $25k - $100k
0.50%*$100k*-60 Month Bump IRA Certificate
OTHER TIERS: 0.45% → $25k - $100k
0.50%*$100k*-36 Month IRA
OTHER TIERS: 0.35% → $500 - $25k | 0.45% → $25k - $100k
0.50%*$100k*-48 Month IRA
OTHER TIERS: 0.40% → $500 - $25k | 0.45% → $25k - $100k
0.40%$25k-36 Month Bump IRA Certificate
0.40%*$100k*-24 Month IRA
OTHER TIERS: 0.35% → $500 - $100k
0.35%*$100k*-12 Month IRA
OTHER TIERS: 0.25% → $500 - $25k | 0.30% → $25k - $100k
0.35%*$100k*-18 Month IRA
OTHER TIERS: 0.25% → $500 - $25k | 0.30% → $25k - $100k
Locations


Ohio Catholic Federal Credit Union Locations
Branch Office8600 Alexandria DrMacedonia, OH 44056
Branch Office13623 Rockside RdGarfield Hts, OH 44125-5173
Branch Office5600 Wallings RdNorth Royalton, OH 44133
Branch Office2720 S Arlington RdCoventry Township, OH 44312-4742
Branch Office16512 Pearl RdStrongsville, OH 44136-6044

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