Edison Financial Credit Union

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Review based on 12 criteria Rating: 0 out of 5

6000 Mahoning Avenue, Ste 210, Austintown, OH 44515-2242

Website

(330) 792-5261

Data Source: NCUA, March 31, 2016


Edison Financial Credit Union was founded in 1940. Headquartered in Austintown, Ohio, Edison Financial Credit Union is a state chartered and federally insured credit union, being chartered in Ohio and insured through the National Credit Union Share Insurance Fund (NCUSIF). Edison Financial Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of March 31, 2016, Edison Financial Credit Union services 5,264 members through its 10 full-time and 1 part-time employees. It has $35,340,165.00 of total assets and $5,255,228.00 of net worth. Based on its asset size and net worth ratio, Edison Financial Credit Union is classified as a Well Capitalized medium small credit union.

Edison Financial Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Edison Financial Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

Edison Financial Credit Union’s membership type is defined as State chartered natural person credit union. If you are interested in joining Edison Financial Credit Union, please visit their website or call (330) 792-5261 for details. If you are a current member of Edison Financial Credit Union or have used any of their services or products, please rate them and leave your comments.

The following two tables list the deplitory and loan interest rates of Edison Financial Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Ohio and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Ohio
Median of USA
Checking
0.0000
0.0000
0.0000
Savings
0.0500
0.1000
0.1200
Money Market
0.1000
0.2000
0.2500
Certificate Deplit
0.2000
0.5000
0.5500
IRA
0.0500
0.4550
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Ohio
National Median Rates
Credit Cards
10.4000
10.1900
9.9900
Unsecured Line of Credits
12.4900
11.0000
10.9900
Short-term Small Amount
n/a
24.9000
25.0000
Student Loans
n/a
6.0000
6.0000
New Car Loans
2.9000
3.2500
3.4300
Used Car Loans
3.7400
4.6600
4.5400
1st Mortgage Real Estates
3.1300
4.2500
4.2400
Other Real Estates
4.9900
4.7500
4.7500

Edison Financial Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Edison Financial Credit Union.

Electronic Banking Service Offerings

Membership Application
No
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
No
New Share Account
Yes
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
Merchandise Purchase
No
Account Balance Inquiry
Yes
No
Merchant Processing Service
No
View Account History
Yes
No
No
Download Account History
No
No

.

Community and other Service Offerings

Financial Counselling
No
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
No
Insurance/Investment Sales
Yes
First Time Homebuyer Program
No
Edison Financial Credit Union
Main Office

6000 Mahoning Ave Ste 210
Austintown, OH 44515-2242
Phone:445-15–2242

(330) 792-0292

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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