Sep, 30, 2025 — OMEGA FEDERAL CREDIT UNION is a federal credit union headquartered in WEXFORD, PA with 7 branch locations and about $177.24 million in total assets. Opened 86 years ago in 1940, OMEGA FEDERAL CREDIT UNION has about 15,722 members and employs 38 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OMEGA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 10455 Perry Hwy WEXFORD, PA 15090-9204 |
| Phone: | (412) 369-3800 |
| Fax: | |
| Website: | https://www.omegafcu.com |
| Branches: | 7 branch locations |
| Members: | 15,722 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3711 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $177,241,205 |
| CEO/Manager: | Troy L Garvin |
| Chairperson: | Robert L Valasek |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,570,377 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 87,719,009 |
| Unsecured Loans | 12,682,633 |
| Other Loans | 23,388,654 |
| TOTAL LOANS | 124,003,880 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,875,354 |
| Land And Building | 2,043,250 |
| Other Fixed Assets | 437,721 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,438,961 |
| All Other Assets | 0 |
| TOTAL ASSETS | 177,241,205 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 621,400 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 907,018 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,686,026 |
| Regular shares | 76,144,649 |
| All Other Shares & Deposits | 62,152,215 |
| TOTAL SHARES & DEPOSITS | 155,982,890 |
| TOTAL LIABILITIES | 157,511,308 |
| Regular Reserve | 0 |
| Other Reserves | 4,813,928 |
| Undivided Earnings | 14,915,969 |
| TOTAL EQUITY | 19,729,897 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 177,241,205 |
| INCOME & EXPENSE | |
| Loan Income | 5,674,309 |
| Investment Income | 1,074,088 |
| Other Income | 776,906 |
| Total Employee Compensation & Benefits | 2,487,052 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,458,361 |
| Non-operating Income & (Expense) | 12,888 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 427,500 |
| Cost of Funds | 1,384,178 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,015,399 |
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