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SHAKER HEIGHTS

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SHAKER HEIGHTS Rates & Review May 2026

Q: How many branches does SHAKER HEIGHTS operate?

SHAKER HEIGHTS currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is a member application needed to join SHAKER HEIGHTS?

Yes, to access services at SHAKER HEIGHTS, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Q: Is there a first-time homebuyer program?

Currently, SHAKER HEIGHTS does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, SHAKER HEIGHTS provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: May 28, 2026

You can compare SHAKER HEIGHTS rates to other rates in our database, including 12-month share certificate rates currently at 1.00%, 6-month share certificate rates at 1.21% and 3-month share certificate rates at 3.80%. Savings rates are at 0.77% and money market rates are at 1.26%. Mortgage rates on 30-year fixed loans are around 6.13%. All these rates can be compared to SHAKER HEIGHTS rates. MonitorBankRates evaluates the financial stability of SHAKER HEIGHTS with a 4.4 Star Rating, an B- Overall Health Grade, and a Texas Ratio of 22.45%. Rates were last updated on 05/28/2026.

SHAKER HEIGHTS money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at SHAKER HEIGHTS? Share your experience about SHAKER HEIGHTS by leaving a review below, or read customer reviews before you decide to use SHAKER HEIGHTS.

Overall Health & Safety Grade

B-

Adequate Health Score: 83/100

MonitorBankRates Rating

4.4

Excellent Out of 5.0 Stars

Texas Ratio

22.45%

Good Higher than avg

SHAKER HEIGHTS
City Hall

3400 Lee Rd
Shaker Heights, OH 44120

Current Rate Availability

We do not have SHAKER HEIGHTS rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for SHAKER HEIGHTS is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather SHAKER HEIGHTS rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with SHAKER HEIGHTS's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name SHAKER HEIGHTS

Website

Address 3400 Lee Rd, Shaker Heights, OH 44120

Phone 216-544-2070

Fax

President Gail Little

CEO Frank Novak

Full-Time Employees 0

Part-Time Employees 1

Branch Locations 1

ATM Locations 0

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

4.4 / 5.0 ★

Overall Health & Safety Grade

B- (83/100)

Texas Ratio

22.45%

Return on Assets (ROA)

0.0099%

Return on Equity (ROE)

0.0419%

Non-Performing Loans Ratio (NPL)

14.90%

Total Assets

1,240,606

Total Amount of Shares and Deposits

941,815

Total Shares and Deposits < 1 Year

941,815

Total Insured Shares and Deposits > $250K (item 17 less item K)

941,815

Total Interest Expense (Sum of items 6 8)

15,150

Number of Accounts for Regular Shares

139

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

282,507

Total Liabilities

947,131

Source: NCUA — Last Updated 09/30/2025

Customer Reviews

There are no reviews for SHAKER HEIGHTS yet. Feel free to create one below.

Looking for more bank and credit union reviews? Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.

Average Rating

☆☆☆☆☆

Total Reviews

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Frequently Asked Questions About SHAKER HEIGHTS

How many branches does SHAKER HEIGHTS operate?

SHAKER HEIGHTS currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join SHAKER HEIGHTS?

Yes, to access services at SHAKER HEIGHTS, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, SHAKER HEIGHTS does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, SHAKER HEIGHTS provides members with tools to manage their accounts and build a solid financial history.

Does SHAKER HEIGHTS offer online and mobile banking?

Most modern institutions like SHAKER HEIGHTS provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online.