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Overview / Commentary
2909 State Rd
Ashtabula, OH 44004

Lakeview Credit Union is headquartered in Ashtabula and is the 61st largest credit union in the state of Ohio. It is also the 1,610st largest credit union in the nation. It was established in 1961 and as of March of 2014, it had grown to 22 employees and 8,624 members. Lakeview Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work or worship in Ashtabula County, Ohio. - See Details

Reviews (1)

Good credit union. Online services need updating.

I have been searching for a credit union since I moved to Ashtabula, and heard great things about Lakeview. Sadly, I think they are stuck in the 1990's with their software and services. They do not give me alot of options for mobile or for online. Since I travel, I need to know that I can have full access at any time and I don't think they can do that for me.


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. Lakeview Credit Union has a relatively 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 Lakeview Credit Union had $417,000 in non-current loans and owned real-estate with $10.77 million in equity and loan loss allowances on hand to cover it. This gives Lakeview Credit Union a Texas Ratio of 3.87% 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 Lakeview Credit Union experienced no significant changes from 2.41% as of March 31, 2013 to 3.87% as of March 31, 2014, resulting in a negative change of 60.71%. This indicates that the balance sheet and financial strength for Lakeview Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Lakeview Credit Union has increased its total deposits by $2.55 million, resulting in 3.28% 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 Lakeview Credit Union has shown is excellent.



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. Lakeview Credit Union has $91.09 million in assets with $10.77 million in equity, resulting in a capitalization level of 11.83%, which is excellent.

Institution Statistics

NCUA #14584
Year Chartered1961
Primary Regulator
Assets and Liabilities
Assets$91.09 million
Loans$49.52 million
Deposits$80.23 million
Equity Capital$10.53 million
Loan Loss Allowance$243,000
Unbacked Noncurrent Loans$417,000
Real Estate Owned$0
Historic Data - March 2013
Assets$88.05 million
Equity Capital$10.00 million
Loan Loss Allowance$259,000
Unbacked Noncurrent Loans$417,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.07%
Return on Assets0.39%
Return on Equity3.34%
Interest Income$640,000
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Lakeview Credit Union Savings Account Rates

0.20%--Christmas Club
0.10%--Regular Shares
0.10%--IRA Club
0.10%--Roth IRA Club
0.10%--CESA Club

Lakeview Credit Union Money Market Rates

0.30%$75k-Money Market

Lakeview Credit Union CD Rates

1.10%$500-60 Month CD
0.85%$500-48 Month CD
0.70%$500-36 Month CD
0.50%$500-24 Month CD
0.45%$500-18 Month CD
0.40%$500-12 Month CD
0.35%$500-6 Month CD

Lakeview Credit Union IRA Rates

1.10%$500-60 Month IRA
0.70%$500-36 Month IRA
0.50%$500-24 Month IRA
0.40%$500-12 Month IRA

Lakeview Credit Union Locations
Branch Office2909 State RdAshtabula, OH 44004
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