St. Colman & Affiliates Federal Credit Union was established in 1939 as a federally chartered credit union serving the Cleveland, Ohio community. As a member-owned, not-for-profit institution, it operates under the regulatory oversight of the National Credit Union Administration (NCUA), an independent agency of the U.S. Government. The credit union is rooted in the cooperative movement's democratic principles, emphasizing member benefit over corporate profit.
The organization provides a range of financial services designed for personal member benefit, including share savings accounts, share certificates, loan products, and online banking access. Members can apply for loans through downloadable application forms and access their accounts through the credit union's online banking platform. The institution maintains a physical branch location at 6637 Lorain Ave. in Cleveland and offers 24-hour automated services through their "Skippy Line" phone system.
St. Colman distinguishes itself through its long operational history and mission-driven focus on helping members achieve personal financial success through low-cost services. As a federally chartered credit union, member savings are protected by NCUA insurance up to $250,000, providing security comparable to bank deposits. The organization actively promotes accessibility features on its website and maintains direct communication channels via phone, email, and fax.
The credit union serves a niche market of members in the Cleveland area seeking member-owned financial alternatives. However, the website provides limited detailed information about specific loan products, interest rates, membership requirements, or competitive advantages. Prospective members would need to contact the institution directly to understand full service offerings and eligibility criteria.