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Nickel Steel Credit Union Share
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Overview Share
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Nickel Steel Credit Union is a federal credit union based in Lima, Ohio. It has been opened since 1953, for 69 years.

With around $4,900,000 in assets, Nickel Steel Credit Union is considered to be a small credit union.

About Share
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Address 1067 S. Main Street
Lima, Ohio 45804
Website http://www.nickelsteelfcu.com
Phone (419) 224-7861
Fax (419) 224-2607
CEO Rikki r. Hatton
President of the Board John Altenbach
Services Offered
Score Card Share
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69 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
673 members
Membership type: Multiple common bond – primary and fabricated metals
Below average number of members
224:1
Credit union member to staff ratio
224 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$4,895,904
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Ohio
Average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 3 in Ohio
Average number of branches
Nickel Steel Credit Union Branch Locations

Nickel Steel Federal Credit Union
1067 S. Main Street
Lima, Ohio 45804
No ATM
Members Share
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673 members
Membership type: Multiple common bond – primary and fabricated metals
Below average number of members

With 673 members, the Nickel Steel Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 87% of credit unions.

Fees Share
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$98
Average fee per member
The average fee per member at the Nickel Steel Credit Union is $98, which is very high compared to most credit unions. This rate is higher than 84% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Nickel Steel Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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224:1
Credit union member to staff ratio
224 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
3 staff members
FTE (full-time equivalent)
0% of employees are part-time
3 full-time, 0 part-time

Nickel Steel Credit Union has 3 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Nickel Steel Credit Union has around 224 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets Share
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$4,895,904
Total assets
Below average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
28.5%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$6,877
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 79% of credit unions.

Nickel Steel Credit Union holds a total of $2,740,000 in loans and leases, which is about $6,877 per member on average.

Savings interest rate Share
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Nickel Steel Credit Union pays 0.10%.

Loan rates Share
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14.18%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.49%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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3.30%
New car loan rate
Compared to 4.0% nationally
5.04%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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6.12%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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