Ohio Educational Credit Union

Ohio Educational Credit Union Locations
P.O. Box 93079
Cleveland, OH 441015079
(800) 552-6328
www.ohioedcu.com

Ohio Educational Credit Union is headquartered in Cleveland and is the 47th largest credit union in the state of Ohio. It is also the 1,260th largest credit union in the nation. It was established in 1900 and as of December of 2011, it had grown to 48 employees and 19,089 members. Ohio Educational Credit Union has a 4-star health rating.



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See Rates for: Checking | Savings | Money Market | CD | IRA

Ohio Educational Credit Union Checking Account Rates

ApyMinMaxProduct
0.10%$25k-Checking Account

Ohio Educational Credit Union Savings Account Rates

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0.25%--IRA Share Savings
0.20%$25k-Regular Share Savings
0.20%$25k-Special Savings
0.20%$25k-Summer Reserve
0.20%$25k-Holiday Club
0.20%$25k-Vacation Club

Ohio Educational Credit Union Money Market Rates

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0.30%$25k-Money Market

Ohio Educational Credit Union CD Rates

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1.81%$500-60 Month Gold CD
1.71%$500-60 Month Silver CD
1.61%$500-48-59 Month Gold CD
1.56%$500-60 Month Standard CD
1.51%$500-48-59 Month Silver CD
1.36%$500-48-59 Month Standard CD
1.36%$500-36-47 Month Gold CD
1.26%$500-36-47 Month Silver CD
1.10%$500-36-47 Month Standard CD
1.10%$500-24-35 Month Gold CD
1.00%$500-24-35 Month Silver CD
0.85%$500-24-35 Month Standard CD
0.85%$500-18-23 Month Gold CD
0.80%$500-18 Month Step-Up Gold CD
0.75%$500-18-23 Month Silver CD
0.70%$500-18 Month Step-Up Silver CD
0.65%$500-12-17 Month Gold CD
0.60%$500-18-23 Month Standard CD
0.55%$500-18 Month Step-Up Standard CD
0.55%$500-12-17 Month Silver CD
0.50%$500-7 Month Special Standard CD
0.50%$500-7 Month Special Silver CD
0.50%$500-7 Month Special Gold CD
0.45%$500-6-11 Month Gold CD
0.40%$500-12-17 Month Standard CD
0.35%$500-6-11 Month Silver CD
0.35%$500-3-5 Month Gold CD
0.25%$500-3-5 Month Silver CD
0.20%$500-6-11 Month Standard CD
0.10%$500-3-5 Month Standard CD

Ohio Educational Credit Union IRA Rates

ApyMinMaxProduct
1.81%$500-60 Month Gold IRA
1.81%$500-60 Month Gold Roth IRA
1.81%$500-60 Month Gold Education IRA
1.71%$500-60 Month Silver IRA
1.71%$500-60 Month Silver Roth IRA
1.71%$500-60 Month Silver Education IRA
1.61%$500-48-59 Month Gold IRA
1.61%$500-48-59 Month Gold Roth IRA
1.61%$500-48-59 Month Gold Education IRA
1.56%$500-60 Month Standard IRA
1.56%$500-60 Month Standard Roth IRA
1.56%$500-60 Month Standard Education IRA
1.51%$500-48-59 Month Silver IRA
1.51%$500-48-59 Month Silver Roth IRA
1.51%$500-48-59 Month Silver Education IRA
1.36%$500-36-47 Month Gold IRA
1.36%$500-48-59 Month Standard IRA
1.36%$500-36-47 Month Gold Roth IRA
1.36%$500-48-59 Month Standard Roth IRA
1.36%$500-36-47 Month Gold Education IRA
1.36%$500-48-59 Month Standard Education IRA
1.26%$500-36-47 Month Silver IRA
1.26%$500-36-47 Month Silver Roth IRA
1.26%$500-36-47 Month Silver Education IRA
1.10%$500-24-35 Month Gold IRA
1.10%$500-36-47 Month Standard IRA
1.10%$500-24-35 Month Gold Roth IRA
1.10%$500-36-47 Month Standard Roth IRA
1.10%$500-24-35 Month Gold Education IRA
1.10%$500-36-47 Month Standard Education IRA
1.00%$500-24-35 Month Silver IRA
1.00%$500-24-35 Month Silver Roth IRA
1.00%$500-24-35 Month Silver Education IRA
0.85%$500-18-23 Month Gold IRA
0.85%$500-24-35 Month Standard IRA
0.85%$500-18-23 Month Gold Roth IRA
0.85%$500-24-35 Month Standard Roth IRA
0.85%$500-18-23 Month Gold Education IRA
0.85%$500-24-35 Month Standard Education IRA
0.80%$500-18 Month Step-Up Gold IRA
0.80%$500-18 Month Step-Up Gold Roth IRA
0.80%$500-18 Month Step-Up Gold Education IRA
0.75%$500-18-23 Month Silver IRA
0.75%$500-18-23 Month Silver Roth IRA
0.75%$500-18-23 Month Silver Education IRA
0.70%$500-18 Month Step-Up Silver IRA
0.70%$500-18 Month Step-Up Silver Roth IRA
0.70%$500-18 Month Step-Up Silver Education IRA
0.65%$500-12-17 Month Gold IRA
0.65%$500-12-17 Month Gold Roth IRA
0.65%$500-12-17 Month Gold Education IRA
0.60%$500-18-23 Month Standard IRA
0.60%$500-18-23 Month Standard Roth IRA
0.60%$500-18-23 Month Standard Education IRA
0.55%$500-12-17 Month Silver IRA
0.55%$500-18 Month Step-Up Standard IRA
0.55%$500-12-17 Month Silver Roth IRA
0.55%$500-18 Month Step-Up Standard Roth IRA
0.55%$500-12-17 Month Silver Education IRA
0.55%$500-18 Month Step-Up Standard Education IRA
0.50%$500-7 Month Special Gold IRA
0.50%$500-7 Month Special Silver IRA
0.50%$500-7 Month Special Standard IRA
0.50%$500-7 Month Special Gold Roth IRA
0.50%$500-7 Month Special Silver Roth IRA
0.50%$500-7 Month Special Standard Roth IRA
0.50%$500-7 Month Special Gold Education IRA
0.50%$500-7 Month Special Silver Education IRA
0.50%$500-7 Month Special Standard Education IRA
0.45%$500-6-11 Month Gold IRA
0.45%$500-6-11 Month Gold Roth IRA
0.45%$500-6-11 Month Gold Education IRA
0.40%$500-12-17 Month Standard IRA
0.40%$500-12-17 Month Standard Roth IRA
0.40%$500-12-17 Month Standard Education IRA
0.35%$500-3-5 Month Gold IRA
0.35%$500-6-11 Month Silver IRA
0.35%$500-3-5 Month Gold Roth IRA
0.35%$500-6-11 Month Silver Roth IRA
0.35%$500-3-5 Month Gold Education IRA
0.35%$500-6-11 Month Silver Education IRA
0.25%$500-3-5 Month Silver IRA
0.25%$500-3-5 Month Silver Roth IRA
0.25%$500-3-5 Month Silver Education IRA
0.20%$500-6-11 Month Standard IRA
0.20%$500-6-11 Month Standard Roth IRA
0.20%$500-6-11 Month Standard Education IRA
0.10%$500-3-5 Month Standard IRA
0.10%$500-3-5 Month Standard Roth IRA
0.10%$500-3-5 Month Standard Education IRA

Rates updated: 5/26/2012

Data for Q4 2011


Institution Statistics


OHIO EDUCATIONAL
NCUA #95107
BankRate ReportView
Year Chartered1900
Employees48
Primary Regulator

Assets and Liabilities

Assets$118.85 million
Loans$82.89 million
Deposits$106.89 million
Equity Capital$10.35 million
Loan Loss Allowance$878,000
Unbacked Noncurrent Loans$1.07 million

Historic Data - December 2010

Assets$115.27 million
Equity Capital$10.22 million
Loan Loss Allowance$882,000
Unbacked Noncurrent Loans$1.31 million

Profit Margin - Quarterly

Net Interest Margin4.25%
Return on Assets0.09%
Return on Equity1%
Interest Income$4.35 million
Non-Interest Income$2.68 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Ohio Educational Credit Union had $1.07 million in non-current loans and owned real-estate with $11.23 million in equity and loan loss allowances on hand to cover it. This gives Ohio Educational Credit Union a Texas Ratio of 9.55% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Ohio Educational Credit Union decreased slightly from 11.77% as of December 31, 2010 to 9.55% as of December 31, 2011, resulting in a positive change of 18.82%.This indicates that the balance sheet and financial strength for Ohio Educational Credit Union has improved slightly in recent periods.
Deposit Growth5
In the past year, Ohio Educational Credit Union has increased its total deposits by $5.51 million, resulting in 5.44% 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 Ohio Educational Credit Union has shown is excellent.
Capitalization3
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. Ohio Educational Credit Union has $118.85 million in assets with $11.23 million in equity, resulting in a capitalization level of 9.45%, which is average.
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