Overview / Commentary
206 Siebert Rd
Pittsburgh, PA 15237

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

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 Grade Components

NCUA #3711
Year Chartered1940
Primary Regulator
Profit Margin
Return on Assets - YTD0.45%
Return on Equity - YTD4.85%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$104.6MM$103.8MM
LoansQ2 2018vs Q2 2017$69.5MM$63.2MM
DepositsQ2 2018vs Q2 2017$93.7MM$93.6MM
Equity CapitalQ2 2018vs Q2 2017$9.8MM$9.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$414.00K$367.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$1.5MM$402.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$42.00K
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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% $5 - $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

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

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

2.25%$250$6.5k60 Month Roth IRA
2.25%$250$6.5k60 Month IRA
1.85%$250$6.5k36 Month IRA
1.75%$250$6.5k24 Month IRA
1.55%$250$6.5k18 Month IRA
1.50%$250$6.5k12 Month IRA
1.15%$250$6.5k6 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

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