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Overview / Commentary
3907 N Detroit Ave
Toledo, OH 43612

Ap Credit Union is headquartered in TOLEDO and is the 118st largest credit union in the state of Ohio. It is also the 2,724th largest credit union in the nation. It was established in 1956 and as of March of 2014, it had grown to 13 employees and 4,657 members. Ap Credit Union's money market rates are 14% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Any person who lives, works, worships, attends school or volunteers in Lucas County, Ohio is eligible to join AP as well as employees and their family members from the following employers: ABC Health Care, Inc. The Ability Center Academy Group, Inc. The Acme Specialty Mfg. Co. All Seasons Plumbing Heating Cooling & Duct Cleaning Allied Mask & Tool American Custom Industries American Red Cross Automated Business Machines B&J Plastic Letters & Signs Bohl Equipment – Bohl Crane Bostwick-Braun Co.. City of Toledo (Parks, Recreation & Forestry) City of Toledo (Facility & Fleet Operations) City of Toledo (Solid Waste Division) Compass – Comprehensive Addiction Service Systems Conforming Matrix Corp. Conrail – CSX Railway Digestive Health Care Consultants of Northwest Ohio Drew Cartage E & C Manufacturing Co., Inc. EOPA / Toledo Lucas County Head Start Erd Specialty Graphics, Inc. Fairview Skilling Nursing & Rehab Faurecia Exhaust Systems, Inc. Flowform, Inc. Freight Aides Co. Fresh Products, Inc. Frostbite Brands, Inc. Fry Heating & Air Conditioning Co, Genito – Urinary Surgeons, Inc. Giant Industries, Inc. Goerlich Center for Alzheimer’s Care Grace Community Center GREIF Guardian Alarm Hale Performance Coatings Hammill Precision Tooling Hinkle Manufacturing Co. Holewinski & Associates Ice Industries Integrity Wall & Ceiling K&B Automotive & Marine Kellermeyer Company KLM Laidlaw Transit System Lanier Worldwide, Inc. Lay’s Transmission Lincare, Inc. Maumee Valley Girl Scout Council Metal Forming & Coining Midwest Fluid Power Next Generation Child Care Nova Services, Inc. P & J Industries Perf-A-Lawn Perstorp Polyols, Inc. Pexco Packaging Corp. Port Lawrence Title & Trust Quality Overhead Door Ronfeldt Associates, Inc. Substance Abuse Services Toledo Area Regional Transit Authority (TARTA) Teledyne Continental Motors The Sight Center Toledo Clinic, Inc. Toledo Sewer & Drain Toth Industries, Inc. True Label, Inc. UAW Local 12 Unison Behavioral Health Group Wildwood Athletic Club Zepf Community Mental Health Center - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Ap Credit Union has a low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Ap Credit Union had $371,000 in non-current loans and owned real-estate with $4.67 million in equity and loan loss allowances on hand to cover it. This gives Ap Credit Union a Texas Ratio of 7.94% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Ap Credit Union experienced no significant changes from 4.05% as of March 31, 2013 to 7.94% as of March 31, 2014, resulting in a negative change of 95.87%. This indicates that the balance sheet and financial strength for Ap Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Ap Credit Union has decreased its total deposits by $-448,000, resulting in -1.4% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Ap Credit Union has shown is average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Ap Credit Union has $36.22 million in assets with $4.67 million in equity, resulting in a capitalization level of 12.90%, which is excellent.

Institution Statistics

NCUA #11171
Year Chartered1956
Primary Regulator
Assets and Liabilities
Assets$36.22 million
Loans$17.58 million
Deposits$31.54 million
Equity Capital$4.55 million
Loan Loss Allowance$122,000
Unbacked Noncurrent Loans$90,000
Real Estate Owned$281,000
Historic Data - March 2013
Assets$36.72 million
Equity Capital$4.65 million
Loan Loss Allowance$164,000
Unbacked Noncurrent Loans$90,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets-0.38%
Return on Equity-2.99%
Interest Income$237,000

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Ap Credit Union Savings Account Rates

0.25%--Traditional IRA Savings
0.25%--Roth IRA Savings
0.25%--Coverdell E.S.A. Savings
0.25%--Health Savings Account
0.15%$100-Share Savings Account
0.15%$100-Special Savings Account
0.15%$100-Organizational Account
0.05%--Christmas Club Account
0.05%--Vacation Club Account
0.05%--VIP Account
0.05%--Escrow Account
0.05%--Insurance Account

Ap Credit Union Money Market Rates

0.50%$200k-Money Market Management Account

Ap Credit Union Checking Account Rates

0.05%$500-Draft Checking Account

Ap Credit Union CD Rates

0.95%$500-60 Month Share Certificate
0.76%$500-48 Month Share Certificate
0.55%$500-36 Month Share Certificate
0.45%$500-24 Month Share Certificate
0.35%$500-18 Month Share Certificate
0.19%$500-12 Month Share Certificate
0.15%$500-6 Month Share Certificate

Ap Credit Union IRA Rates

0.95%$500-60 Month IRA Share Certificate
0.76%$500-48 Month IRA Share Certificate
0.55%$500-36 Month IRA Share Certificate
0.45%$500-24 Month IRA Share Certificate
0.35%$500-18 Month IRA Share Certificate
0.19%$500-12 Month IRA Share Certificate
0.15%$500-6 Month IRA Share Certificate

Ap Credit Union Locations
Branch Office405 N REYNOLDS RDTOLEDO, OH 43615-5221
Branch Office3907 N DETROIT AVETOLEDO, OH 43612-1309