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Overview / Commentary
800-642-8664
315 Croghan St
Fremont, OH 43420-3013

Fremont Credit Union is headquartered in Fremont and is the 37th largest credit union in the state of Ohio. It is also the 1,084th largest credit union in the nation. It was established in 1946 and as of March of 2014, it had grown to 60 employees and 16,181 members. Fremont Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Sandusky County. - See Details

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A

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 Fremont Credit Union had $1.79 million in non-current loans and owned real-estate with $22.34 million in equity and loan loss allowances on hand to cover it. This gives Fremont Credit Union a Texas Ratio of 8.03% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Fremont Credit Union decreased slightly from 10.02% as of March 31, 2013 to 8.03% as of March 31, 2014, resulting in a positive change of 19.86%.This indicates that the balance sheet and financial strength for Fremont Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Fremont Credit Union has increased its total deposits by $2.82 million, resulting in 2.06% 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 Fremont Credit Union has shown is above average.

Capitalization

GRADE:
A+

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. Fremont Credit Union has $162.6 million in assets with $22.34 million in equity, resulting in a capitalization level of 13.74%, which is excellent.

Institution Statistics

Overall
NCUA #5370
Year Chartered1946
Employees60
Primary Regulator
Assets and Liabilities
Assets$162.60 million
Loans$95.33 million
Deposits$139.80 million
Equity Capital$21.52 million
Loan Loss Allowance$819,000
Unbacked Noncurrent Loans$1.53 million
Real Estate Owned$268,000
Historic Data - March 2013
Assets$159.54 million
Equity Capital$20.04 million
Loan Loss Allowance$1.01 million
Unbacked Noncurrent Loans$1.53 million
Real Estate Owned$73,000
Profit Margin - Quarterly
Return on Assets0.99%
Return on Equity7.49%
Interest Income$1.44 million
Rates

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Fremont Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$100-Share Account
0.10%--Dollar Dog Kids Club Savings
0.10%--Cha-Ching Teen Club Savings
0.10%--Club Savings Account
0.10%$1k-IRA Savings
0.10%$1k-HSA Savings
0.10%$1k-Coverdell Education Savings
0.10%$1k-Roth IRA Savings

Fremont Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$100k-Money Market Savings

Fremont Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-Regular Checking
0.05%--Premier Checking

Fremont Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.07%$1k-60 Month Share Certificate
2.07%$500-60 Month Dollar Dog Kids Club Share Certificate
2.07%$500-60 Month Cha-Ching Teen Club Share Certificate
1.00%$1k-48 Month Share Certificate
1.00%$500-48 Month Dollar Dog Kids Club Share Certificate
1.00%$500-48 Month Cha-Ching Teen Club Share Certificate
0.75%$5k-36 Month Freedom Share Certificate
0.60%$1k-36 Month Share Certificate
0.60%$500-36 Month Dollar Dog Kids Club Share Certificate
0.60%$500-36 Month Cha-Ching Teen Club Share Certificate
0.55%$1k-30 Month Share Certificate
0.55%$500-30 Month Dollar Dog Kids Club Share Certificate
0.55%$500-30 Month Cha-Ching Teen Club Share Certificate
0.50%$1k-24 Month Share Certificate
0.50%$500-24 Month Dollar Dog Kids Club Share Certificate
0.50%$500-24 Month Cha-Ching Teen Club Share Certificate
0.35%$1k-18 Month Share Certificate
0.35%$500-18 Month Dollar Dog Kids Club Share Certificate
0.35%$500-18 Month Cha-Ching Teen Club Share Certificate
0.20%$1k-12 Month Share Certificate
0.20%$500-12 Month Dollar Dog Kids Club Share Certificate
0.20%$500-12 Month Cha-Ching Teen Club Share Certificate
0.15%$1k-6 Month Share Certificate
0.15%$500-6 Month Dollar Dog Kids Club Share Certificate
0.15%$500-6 Month Cha-Ching Teen Club Share Certificate

Fremont Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.07%$1k-60 Month IRA Share Certificate
1.00%$1k-48 Month IRA Share Certificate
0.75%$5k-36 Month Freedom IRA Share Certificate
0.60%$1k-36 Month IRA Share Certificate
0.55%$1k-30 Month IRA Share Certificate
0.50%$1k-24 Month IRA Share Certificate
0.35%$1k-18 Month IRA Share Certificate
0.20%$1k-12 Month IRA Share Certificate
0.15%$1k-6 Month IRA Share Certificate
Locations


Fremont Credit Union Locations
Branch Office315 Croghan StFremont, OH 43420-3013
Branch Office2374 W State StFremont, OH 43420-1441
Branch Office1457 E State StFremont, OH 43420-4049
Branch Office801 W Main StWoodville, OH 43469