Omega Federal Credit Union


Overview / Commentary
412-369-3800
10455 Perry Hwy
Wexford, PA 15090

Omega Federal Credit Union is headquartered in Wexford and is the 59th largest credit union in the state of Pennsylvania. It is also the 1,516th largest credit union in the nation. It was established in 1940 and as of June of 2023, it had grown to 30 employees and 13,242 members at 5 locations. Omega Federal Credit Union's money market rates are 4X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Omega Federal Credit Union is open to anyone who lives, works, worships, or attends school in the city of Pittsburgh, or the region of Allegheny County north of I-376. Also eligible for membership are employees of any one of the credit union's business partner groups (including but not limited to): AT&T, Applebees, Allegheny County Bar Association, BAnksville Medical, P.C., Commonwealth of PA, Dialysis Clinic, Inc., GNC Distribution Center, Kohl's Department Store, McDonald's, North Hills YMCA, and UPS. (A complete list of groups is posted on the credit union's website)
See current membership details

Reviews (2)

Highly recommend Omega Federal Credit Union in Pittsburgh, PA!

Posted by: |

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
B+

Health Grade Components

Overall
NCUA #3711
Year Chartered1940
Employees30
Primary Regulator
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD10.88%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$143.2MM$148.6MM
LoansQ2 2023vs Q2 2022$110.3MM$107.5MM
DepositsQ2 2023vs Q2 2022$128.5MM$135.0MM
Equity CapitalQ2 2023vs Q2 2022$13.6MM$12.1MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$851.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$557.00K$412.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Omega 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.

Omega Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$250$6kRoth IRA Savings
0.10%$501-Membership Shares
0.10%$501-Savings Account

Omega Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%*$50k*-Masterpiece Money Market
OTHER TIERS: 0.50% $2.5k - $10k | 0.75% $10k - $25k | 1.00% $25k - $50k

Omega Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$1k-24 Month Share Certificate
2.00%$1k-36 Month Share Certificate
2.00%$1k-48 Month Share Certificate
0.60%$1k-18 Month Share Certificate
0.55%$1k-12 Month Share Certificate
0.50%$1k-6 Month Share Certificate
0.45%$1k-91 Day Share Certificate

Omega Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$250$7k60 Month Roth IRA
2.00%$250$7k36 Month IRA
2.00%$250$7k24 Month IRA
2.00%$250$7k60 Month IRA
0.60%$250$7k18 Month IRA
0.55%$250$7k12 Month IRA
0.50%$250$7k6 Month IRA
Locations


Omega Federal Credit Union Locations
Branch Office206 Siebert RdPittsburgh, PA 15237
Branch Office4800 Friendship AvePittsburgh, PA 15224
Corporate Office10455 Perry HwyWexford, PA 15090-9204
Branch Office600 5th Ave Liebermann Building #100Pittsburgh, PA 15219
Branch Office2515 Preble AvePittsburgh, PA 15233

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