Overview / Commentary
Omaha Federal Credit Union is headquartered in OMAHA and is the 16th largest credit union in the state of Nebraska. It is also the 1,931st largest credit union in the nation. It was established in 1935 and as of September of 2024, it had grown to 14 employees and 6,237 members at 3 locations. Omaha Federal Credit Union's CD rates are 5X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Omaha Federal Credit Union is open to those who live, work, worship, or attend school in and businesses and other legal entities located in the Nebraska counties of Douglas, Sarpy, or Washington, or the Iowa counties of Harrison or Pottawattamie.
See current membership details
Health
A
Data as of Q3 2024
Learn why bank health mattersAdditional 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. Omaha Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 135 |
| Year Chartered | 1935 |
| Employees | 14 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.27% |
| Return on Equity - YTD | 11.32% |
| Annual Interest Income | $3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $88.8MM$84.3MM |
| Loans | Q3 2024vs Q3 2023 | $52.1MM$55.4MM |
| Deposits | Q3 2024vs Q3 2023 | $78MM$75MM |
| Equity Capital | Q3 2024vs Q3 2023 | $9.8MM$8.6MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $278K$304K |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $243K$322K |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |