Ohio Catholic Federal Credit Union


Overview / Commentary
888-696-4462
13623 Rockside Rd
Garfield Hts, OH 44125

Ohio Catholic Federal Credit Union is headquartered in Garfield Hts and is the 35th largest credit union in the state of Ohio. It is also the 1,113th largest credit union in the nation. It was established in 1954 and as of December of 2023, it had grown to 57 employees and 12,518 members at 5 locations. Ohio Catholic Federal Credit Union's money market rates are 5X the national average, and it boasts 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

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.

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!!!

Charged Me 60.00 For Being Short 14Cents

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



Health
A+

Health Grade Components

Overall
NCUA #9208
Year Chartered1954
Employees57
Primary Regulator
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD6.31%
Annual Interest Income$10.9MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$249.5MM$233MM
LoansQ4 2023vs Q4 2022$158.4MM$151.6MM
DepositsQ4 2023vs Q4 2022$200.1MM$190.8MM
Equity CapitalQ4 2023vs Q4 2022$33MM$30.5MM
Loan Loss AllowanceQ4 2023vs Q4 2022$1.8MM$1.6MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$161K$428K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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
3.00%$100-Vacation Club Account
3.00%$100-Christmas Club Account
3.00%$5k-Genesis Savings
1.00%$100-IRA Savings Account
0.05%*$25k*-Share Savings Account
OTHER TIERS: 0.01% $100 - $25k

Ohio Catholic Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%*$1m*-Organization Money Market
OTHER TIERS: 0.01% $1k - $25k | 0.10% $25k - $50k | 0.40% $50k - $100k | 1.35% $100k - $250k | 1.55% $250k - $500k | 4.00% $500k - $1m
4.00%*$150k*-Business Money Market
OTHER TIERS: 0.15% $1k - $50k | 1.95% $50k - $150k
2.15%*$100k*-Money Market Accounts
OTHER TIERS: 0.30% $1k - $25k | 1.35% $25k - $100k

Ohio Catholic Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$2.5k-High Yield Checking Account
1.00%*$25k*-High Yield Business Checking
OTHER TIERS: 0.01% $100 - $25k
0.01%$500-Organization Checking
0.01%$1k-Business Checking

Ohio Catholic Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$500-Organization 3-5 Month CD
5.00%$500-Commercial 3 Month CD
4.85%$500-Organization 6-11 Month CD
4.75%$500-Commercial 6 Month CD
4.75%$30k-3-5 Month Premium Plus Membership CD
4.60%$5k$30k3-5 Month Premium Membership CD
4.50%$500-Organization 12 Month CD
4.50%$5$5k3-5 Month Basic Membership CD
4.50%$30k-6-11 Month Premium Plus Membership CD
4.35%$5k$30k6-11 Month Premium Membership CD
4.25%$5$5k6-11 Month Basic Membership CD
4.25%$30k-12 Month Premium Plus Membership CD
4.10%$5k$30k12 Month Premium Membership CD
4.00%$500-Commercial 12 Month CD
4.00%$5$5k12 Month Basic Membership CD
3.50%$500-Organization 18 Month CD
3.50%$500-Commercial 18 Month CD
3.50%$30k-18 Month Premium Plus Membership CD
3.35%$5k$30k18 Month Premium Membership CD
3.25%$5$5k18 Month Basic Membership CD
3.25%$30k-24 Month Premium Plus Membership CD
3.10%$5k$30k24 Month Premium Membership CD
3.00%$500-Organization 24 Month CD
3.00%$500-Commercial 24 Month CD
3.00%$5$5k24 Month Basic Membership CD
2.75%$500-Organization 36 Month CD
2.75%$500-Commercial 36 Month CD
2.65%$30k-60 Month Premium Plus Membership CD
2.65%$30k-66 Month Premium Plus Membership CD
2.50%$30k-36 Month Premium Plus Membership CD
2.50%$5k$30k60 Month Premium Membership CD
2.50%$5k$30k66 Month Premium Membership CD
2.40%$5$5k60 Month Basic Membership CD
2.40%$5$5k66 Month Basic Membership CD
2.35%$5k$30k36 Month Premium Membership CD
2.25%$5$5k36 Month Basic Membership CD
2.25%$30k-48 Month Premium Plus Membership CD
2.10%$5k$30k48 Month Premium Membership CD
2.00%$5$5k48 Month Basic Membership CD
Locations


Ohio Catholic Federal Credit Union Locations
Branch Office8600 Alexandria DrMacedonia, OH 44056
Branch Office13623 Rockside RdGarfield Hts, OH 44125-5173
Branch Office2720 S Arlington RdCoventry Township, OH 44312-4742
Branch Office16488 Pearl RdStrongsville, OH 44136-6042
Branch Office210 Applegrove St SWNorth Canton, OH 44720

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