Featured Savings Rates
Featured Accounts

Omega Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.55%1-year CD12 Month Share Certificate
0.15%SavingsSavings Account
1.15%4-year CD48 Month Share Certificate

Overview / Commentary
412-369-3800
206 Siebert Rd
Pittsburgh, PA 15237

Omega Federal Credit Union is headquartered in Pittsburgh and is the 62nd largest credit union in the state of Pennsylvania. It is also the 1,576th largest credit union in the nation. It was established in 1940 and as of June of 2017, it had grown to 25 employees and 13,195 members at 3 locations. Omega Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in the city of Pittsburgh and a select region of Allegheny County North of I-376 or if you are an employee of one of our Business Partners Groups located in the credit union's are of service.
See current membership details

Reviews (2)

Highly recommend Omega Federal Credit Union in Pittsburgh, PA!

Posted by: Dick | Jul 28, 2015

I have had a great experience with Omega Federal Credit Union, located just outside of Pittsburgh, PA. I have a savings account with them that is separate from my primary bank. Their staff is very helpful and friendly. I have interacted with them in person at the branch, and also on the phone. I only had to deposit $5 to open my savings account. You can fill out a membership form for the credit union online, and as I was driving past the other day I noticed that they have a sign outside that says they are completely open to the public now. You will have to provide your social security number on the application, which I was uncomfortable with doing online. You must also check to make sure you qualify with their residency requirements, which are detailed on their website. Great, hometown credit union!

The Most Incompetent Bank

As the title suggests, OMEGA FCU has been a very negative experience for me. With checking and savings account being the same number ( which is ridiculous in itself), the staff at this bank for years has been unable to deposit my checks into the account I have requested. Up to this date, after nine phone calls, the issue has not been resolved. Clearly, their stuff either is not trained properly, or simply does not care. I am closing both accounts and taking my business somewhere else.



Health

Health Grade Components

Overall
NCUA #3711
Year Chartered1940
Employees25
Primary Regulator
Profit Margin
Return on Assets - YTD0.36%
Return on Equity - YTD3.95%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$103.8MM$99.4MM
LoansQ2 2017vs Q2 2016$63.2MM$58.4MM
DepositsQ2 2017vs Q2 2016$93.6MM$89.7MM
Equity CapitalQ2 2017vs Q2 2016$9.3MM$8.8MM
Loan Loss AllowanceQ2 2017vs Q2 2016$367.00K$424.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$402.00K$505.00K
Real Estate OwnedQ2 2017vs Q2 2016$42.00K$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Omega Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$500*-Membership Shares
OTHER TIERS: 0.05% Up to $500
0.15%*$500*-Savings Account
OTHER TIERS: 0.05% Up to $500
0.15%$250$6kRoth IRA Savings

Omega Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$50k*-Masterpiece Money Market
OTHER TIERS: 0.15% $2,500 - $10k | 0.20% $10k - $25k | 0.25% $25k - $50k

Omega Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%$1k-48 Month Share Certificate
1.05%$1k-36 Month Share Certificate
0.75%$1k-24 Month Share Certificate
0.60%$1k-18 Month Share Certificate
0.55%$1k-12 Month Share Certificate
0.35%$1k-6 Month Share Certificate
0.25%$1k-91 Day Share Certificate

Omega Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%$250$6k60 Month Roth IRA
1.35%$250$6k60 Month IRA
1.10%$250$6k36 Month IRA
0.90%$250$6k24 Month IRA
0.70%$250$6k18 Month IRA
0.60%$250$6k12 Month IRA
0.50%$250$6k6 Month IRA
Locations


Omega Federal Credit Union Locations
Branch Office206 Siebert RdPittsburgh, PA 15237
Branch Office4800 Friendship AvePittsburgh, PA 15224
Branch Office11 Stanwix Street Suite 1018Pittsburgh, PA 15222