Omega Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.50% | 1-year CD | 2.65% - Barclays 12 Month Online CD |
| 0.15% | Savings | 2.00% - Ally Bank Online Savings Account |
| 2.25% | 4-year CD | 2.85% - Barclays 48 Month Online CD |
Omega Federal Credit Union is headquartered in Pittsburgh and is the 61st largest credit union in the state of Pennsylvania. It is also the 1,581st largest credit union in the nation. It was established in 1940 and as of June of 2018, it had grown to 26 employees and 12,846 members at 3 locations. Omega Federal Credit Union's money market rates are 3X the national average, and it has a B health rating.
Field of Membership Restrictions
Omega Federal Credit Union offers membership to those who work, worship, attend school and live in the city of Pittsburgh and a specific region of Allegheny County north of I-376. Employees of one of the Business Partner Groups are also eligible.
See current membership details
Highly recommend Omega Federal Credit Union in Pittsburgh, PA!
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.
Data as of Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 3711 |
| Year Chartered | 1940 |
| Employees | 26 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.45% |
| Return on Equity - YTD | 4.85% |
| Annual Interest Income | $2.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $104.6MM$103.8MM |
| Loans | Q2 2018vs Q2 2017 | $69.5MM$63.2MM |
| Deposits | Q2 2018vs Q2 2017 | $93.7MM$93.6MM |
| Equity Capital | Q2 2018vs Q2 2017 | $9.8MM$9.3MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $414.00K$367.00K |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $1.5MM$402.00K |
| Real Estate Owned | Q2 2018vs Q2 2017 | $0$42.00K |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.15%* | $500* | - | Membership Shares | ||
| OTHER TIERS: 0.05% → $5 - $500 | |||||
| 0.15%* | $500* | - | Savings Account | ||
| OTHER TIERS: 0.05% → Up to $500 | |||||
| 0.15% | $250 | $6k | Roth IRA Savings | ||
Omega Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.25%* | $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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.25% | $1k | - | 48 Month Share Certificate | |
| 1.85% | $1k | - | 36 Month Share Certificate | |
| 1.75% | $1k | - | 24 Month Share Certificate | |
| 1.55% | $1k | - | 18 Month Share Certificate | |
| 1.50% | $1k | - | 12 Month Share Certificate | |
| 1.15% | $1k | - | 6 Month Share Certificate |
Omega Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.25% | $250 | $6.5k | 60 Month Roth IRA | |
| 2.25% | $250 | $6.5k | 60 Month IRA | |
| 1.85% | $250 | $6.5k | 36 Month IRA | |
| 1.75% | $250 | $6.5k | 24 Month IRA | |
| 1.55% | $250 | $6.5k | 18 Month IRA | |
| 1.50% | $250 | $6.5k | 12 Month IRA | |
| 1.15% | $250 | $6.5k | 6 Month IRA |
| Omega Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 206 Siebert Rd | Pittsburgh, PA 15237 |
| Branch Office | 4800 Friendship Ave | Pittsburgh, PA 15224 |
| Branch Office | 11 Stanwix Street Suite 1018 | Pittsburgh, PA 15222 |