Credit union · NCUA insured
Nickel Steel Federal Credit Union
A $5.4M credit union headquartered in Lima, OH, with 527 members and 1 branch in Ohio. Best rates: CDs 3.35% and savings 0.03% APY.
Nickel Steel Federal Credit Union Carrot Score
65
Carrot Score
Higher than 13% of U.S. banks and credit unions
#6 of 8 in Lima, OH metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Nickel Steel Federal Credit Union
Nickel Steel Federal Credit Union is headquartered in Lima, Ohio, where it was founded in 1953 as The Ohio Steel Foundry Employees Lima Federal Credit Union.
After changing its name in 1973 and 1988 following rail and foundry mergers, the member-owned credit union serves individuals and businesses associated with Lima.
- Headquarters
- 1067 s main st, Lima, OH 45804-2043
- NCUA charter
- 9000
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Open to persons who live, work, worship, volunteer, or attend school in the city of Lima, Ohio, and businesses and other legal entities located in the city of Lima, Ohio.
Employers and groups
- Open to employees and retirees of eligible companies and organizations including Whemco, Superior Forge & Steel, N & S Railroad, L.A.C.C.A (employees/clients), Frank's Drive-thru, V.F.W. Post #1911, Southside Neighborhood Assoc., International Brake, and UAW Local 975.
Military, government and schools
- Open to employees and retirees of the Ohio Army National Guard and HHFC 148th Infantry & the Family Readiness group.
Family and household
- Open to family members of eligible members, including spouse, children, parents, brothers, sisters, stepchildren, stepparents, grandchildren, and grandparents.
Cost to join
- Deposit of $25 or more in a Share Savings Account is required to join.
- $5 deposit in a Share Savings Account is required for minors to join.
Branches
1 branch in Ohio
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Ohio
1 branch
- nickel steel fcuMain office1067 s main st, Lima, OH 45804Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 33.12% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.42% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | -1.09% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $63 | $59 | — |
- CapitalNet worth ratio33.12%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.42%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets-1.09%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$63Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Nickel Steel Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.