CME Federal Credit Union is a member-owned financial institution founded in 1935 serving Central Ohio residents with checking, savings, loans, and credit cards.
Editorially reviewed by Harvey Brooks
CME Federal Credit Union was established in 1935 by City of Columbus firefighters and police officers with a mission to protect the financial futures of those who serve the community. Today, membership has expanded beyond first responders to include anyone who lives, works, worships, volunteers, or attends school in Central Ohio, making it a true community institution. The credit union operates as a member-owned cooperative, meaning profits are returned to members through better rates and lower fees rather than enriching external shareholders.
CME offers a comprehensive suite of financial products including personal and business checking accounts, multiple savings vehicles (standard savings, Health Savings Accounts, youth accounts, and Share/IRA Certificates), personal loans, auto/boat/motorcycle/RV loans, credit cards, mortgage loans, home equity loans, and student loans. Members can manage accounts through online banking and mobile apps, with routing number 244077255. The institution provides additional services such as wire transfers, skip-a-pay loan payment deferrals, and financial planning tools like SavvyMoney integration and loan calculators.
CME distinguishes itself through its community-focused mission and recent recognition by Forbes as one of America's Best-In-State Credit Unions for 2025. The organization emphasizes fraud prevention education, member-personalized service, and community partnerships. Current promotional offerings include competitive mortgage rates, home buyer savings programs (Ohio Homebuyer Plus), and low auto refinancing rates. The credit union actively recruits talent and positions itself as an employer of choice within the community.
As a credit union, CME members benefit from cooperative ownership structure and typically lower fees than traditional banks. However, credit unions generally have fewer physical branch locations than major banks, though CME offers robust digital banking options. The website provides limited transparency regarding specific APR ranges, fee schedules (though a fee schedule is referenced as available), or membership eligibility details beyond geographic location. Prospective members should verify current loan rates and service availability before applying. Many banks offer installment loans with fixed monthly payments, giving borrowers a clear payoff timeline.
Yes. Cme is a registered company headquartered in , , founded in 1935. They hold a rating with the Better Business Bureau.
Membership approval and account opening typically takes 1-3 business days. Loan decisions are usually faster than traditional banks.
CreditDoc Diagnosis
CME Federal Credit Union is best for Central Ohio residents seeking competitive rates and lower fees through a member-owned institution with deep community roots. Primary caveat is geographic restriction to Central Ohio membership area and limited physical branch availability compared to national banks, though digital banking options offset branch limitations for most users.
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