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.
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
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!
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.
Overall | |
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NCUA # | 3711 |
Year Chartered | 1940 |
Employees | 30 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.02% |
Return on Equity - YTD | 10.88% |
Annual Interest Income | $3.4MM |
Assets and Liabilities | ||
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Assets | Q2 2023vs Q2 2022 | $143.2MM$148.6MM |
Loans | Q2 2023vs Q2 2022 | $110.3MM$107.5MM |
Deposits | Q2 2023vs Q2 2022 | $128.5MM$135.0MM |
Equity Capital | Q2 2023vs Q2 2022 | $13.6MM$12.1MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$851.00K |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $557.00K$412.00K |
Real Estate Owned | Q2 2023vs Q2 2022 | $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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.15% | $250 | $6k | Roth IRA Savings | |
0.10% | $501 | - | Membership Shares | |
0.10% | $501 | - | Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW 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 Locations | ||
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Branch Office | 206 Siebert Rd | Pittsburgh, PA 15237 |
Branch Office | 4800 Friendship Ave | Pittsburgh, PA 15224 |
Corporate Office | 10455 Perry Hwy | Wexford, PA 15090-9204 |
Branch Office | 600 5th Ave Liebermann Building #100 | Pittsburgh, PA 15219 |
Branch Office | 2515 Preble Ave | Pittsburgh, PA 15233 |