About us

People helping people

A little bit about us

The Steel Valley Federal Credit Union, a not for profit financial cooperative, is organized and managed to provide a safe, economical, and convenient financial institution for our membership. To promote thrift and through competitive dividends for savings, and provide economical loans with competitive interest rates, and service through modern technologies.



chartered in 1966

Our history

1966 Chartered by the Bureau of Credit Unions as the United Steelworkers (Cleveland) Federal Credit Union to serve the members of United Steelworkers Local 185 working for J&L Steel.
1985 Amended the Charter to change the name of the sponsor from J&L Steel to LTV Steel and to allow the steelworkers of the merged Republic Steel Company to become members of the credit union
1988 Amended the Charter to allow for the first select employee group, North Coast Container.
1990 Amended the Charter to allow for the first credit union merger, Sears Federal Credit Union. Amended the Charter to allow the merger of the U.I.U. Local 48 Credit Union. Amended the Charter to allow the merger of the Mines and Mills Federal Credit Union.
1991 Amended the Charter to allow the merger of Christian Tabernacle Evangelistic Church Credit Union. Amended the Charter to allow the merger of Cleveland Steel and Tubes Credit Union.
1992 Amended the Charter to change the name from United Steelworkers (Cleveland) Federal Credit Union to Steel Valley Federal Credit Union. Amended the Charter for the merger of Midland Steel Federal Credit Union.
1993 Amended the Charter for the Purchase and Assumption of the East Cleveland Schools Credit Union.
1994 Amended the Charter for the merger of Saint Michael’s Roman Catholic Parish Federal Credit Union.
1995 Amended the Charter for the Purchase and Assumption of the Cleveland Heights Employees Credit Union.
2001 Amended the Charter for the Purchase and Assumption of the Metro Health Credit Union. Amended the Charter for the merger of Thomas Steel Credit Union.
2004 Amended the Charter to serve the underserved for the West Side of Cleveland.
2007 Amended the Charter to serve the underserved for Greater Warren.
2008 Amended the Charter to merger the Alliance of Poles Federal Credit Union.
2009 Amended the Charter to serve the Underserved for Greater Cleveland.
2011 Amended the Charter for the merger of the Brook Park Municipal Employee’s Federal Credit Union.
2012 Opened a new branch office in the city of Eastlake. Amended the charter for the purchase and assumption of the G. I. C. Federal Credit Union.


Holding it all together

Our board and staff

Board of directors
JoAnn Melaragno Chairman
Otis Tuck Secretary/Treasurer
Elie Sanchez
Chris Dines
Mitch Bienia
Supervisory/Audit committee
Mitch Bienia
John Cattani
Mary Faith Upton
Executive staff
Irwin F. Caraballo CEO NMLS #1087213
John Black Accounting manager
Robert C. Johnson MIS/Operations manager