Business Details
50+ Years
experience
Your Trusted Credit Union in Cleveland, OH
Steel Valley Federal Credit Union has served Northeast Ohio communities since 1966, providing personalized financial solutions through a member-owned cooperative model. Originally chartered to serve steelworkers, we've expanded our field of membership through strategic mergers while maintaining our commitment to financial education and community development. Our services include competitive savings products, auto loans, credit cards, and digital banking tools designed for modern financial needs.With branches across Cleveland and surrounding areas, we combine decades of experience with innovative technology to deliver secure, accessible banking. Our board-certified leadership team brings extensive industry expertise to ensure members receive trustworthy guidance and transparent financial services.
Services
Savings Accounts
Auto Loans
Credit Cards
Home Banking
Financial Counseling
Details
- Year established: 1966
Highlights and features
- Established in 1966 with deep community roots
- NCUA-insured accounts up to $250,000
- Member-owned cooperative financial model
- 24/7 digital banking access available
- Community development focused lending programs
Associations and certifications
- NCUA
What people say
Competitive loan rates
Helpful staff
Easy online banking
Services
Savings Accounts
We offer multiple savings options including share savings, money market, and specialty accounts with competitive dividends. Our Christmas Club and Vacation Club accounts help members budget for seasonal expenses. All accounts receive federal insurance up to $250,000 through NCUA.
Auto Loans
Competitive financing for new and used vehicles with rates starting at 3.99% APR for new cars. Our loan specialists help members find affordable payment plans with flexible terms. We offer financing for both personal and commercial vehicles through approved dealerships.
Credit Cards
VISA credit and debit cards with fraud protection and rewards programs. Our VISA ScoreCard offers cashback rewards while MasterCard SecureCode provides enhanced transaction security. Free credit score monitoring helps members maintain financial health.
Home Banking
24/7 digital access to account management, bill payment, and fund transfers. Mobile banking app enables check deposits, transaction alerts, and location-based branch/ATM finding. Real-time updates ensure secure, convenient financial management from any device.
Financial Counseling
Free financial education resources and personalized debt management counseling. Our programs cover budgeting, credit improvement, and responsible borrowing practices. We partner with local organizations to provide community financial literacy workshops and seminars.
People
Irwin F. Caraballo
CEO
With over 25 years in financial services, Irwin leads our strategic initiatives and community outreach programs. He ensures our operations maintain compliance with federal regulations while expanding member services.
JoAnn Melaragno
Chairman
JoAnn oversees board governance and strategic planning. Her 20+ years in credit union leadership guide our financial stability and community development efforts across Northeast Ohio.
John Black
CFO
John manages financial operations and reporting. His expertise in credit union finance ensures responsible fiscal management while maintaining competitive rates for our members.
Questions
How do I become a member?
Visit any branch with government ID and proof of address. Membership is open to Northeast Ohio residents and select employee groups.
What digital banking options exist?
Our mobile app provides 24/7 access to account management, bill payment, and mobile check deposit. Text banking is also available for quick balance checks.
Are my deposits insured?
Yes, all accounts are federally insured up to $250,000 by the National Credit Union Administration (NCUA).
What loan types do you offer?
We provide auto loans, personal loans, credit cards, and home equity loans with competitive rates for both new and used purchases.
Do you have after-hours support?
Our call center operates during regular business hours. Emergency card assistance is available through our 24/7 card service provider.
