Featured Savings Rates
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Omega Federal Credit Union

Popular Accounts at this Credit Union

0.45%1-year CD12 Month Share Certificate
0.15%SavingsSavings Account
1.06%4-year CD48 Month Share Certificate

Overview / Commentary
206 Siebert Rd
Pittsburgh, PA 15237

Omega Federal Credit Union is headquartered in Pittsburgh and is the 63rd largest credit union in the state of Pennsylvania. It is also the 1,584th largest credit union in the nation. It was established in 1940 and as of June of 2016, it had grown to 24 employees and 13,555 members at 3 locations. Omega Federal Credit Union has a B+ 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 (1)

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!

Additional 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. Omega Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #3711
Year Chartered1940
Primary Regulator
Profit Margin
Return on Assets - YTD0.33%
Return on Equity - YTD3.69%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$99.4MM$86.4MM
LoansQ2 2016vs Q2 2015$58.4MM$55.7MM
DepositsQ2 2016vs Q2 2015$89.7MM$77.8MM
Equity CapitalQ2 2016vs Q2 2015$8.8MM$7.8MM
Loan Loss AllowanceQ2 2016vs Q2 2015$424.00K$374.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$505.00K$291.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
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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

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

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

1.06%$1k-48 Month Share Certificate
0.95%$1k-36 Month Share Certificate
0.65%$1k-24 Month Share Certificate
0.50%$1k-18 Month Share Certificate
0.45%$1k-12 Month Share Certificate
0.25%$1k-6 Month Share Certificate
0.15%$1k-91 Day Share Certificate

Omega Federal Credit Union IRA Rates

1.26%$250$6k60 Month Roth IRA
1.26%$250$6k60 Month IRA
1.00%$250$6k36 Month IRA
0.80%$250$6k24 Month IRA
0.60%$250$6k18 Month IRA
0.50%$250$6k12 Month IRA
0.40%$250$6k6 Month IRA

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