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Not Federally Insured
2969 Smith Rd
Fairlawn, OH 44333

Towpath Credit Union is headquartered in Fairlawn and is the 55th largest credit union in the state of Ohio. It is also the 1,371st largest credit union in the nation. It was established in 1899 and as of March of 2014, it had grown to 39 employees and 21,159 members. Towpath Credit Union has a A health rating.

Field of Membership Restrictions

If you live, work, worship or attend school in one of the following communities: Akron Fairlawn Cuyahoga Falls Bath Township Copley Township Richfield Township If an immediate family member is a current member, including: Parent Grandparent Step-parent Son or Daughter Step-child Step-sibling Legal Spouse Aunt or Uncle Niece or Nephew Sister or Brother Mother or Father-in-law Brother or Sister-in-law If your employer is a member of any Summit County Board of Trade. If you are employed by one of the Select Employer Groups. - See Details

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Data for Q1 2014

Institution Health


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 Towpath Credit Union had $514,000 in non-current loans and owned real-estate with $13.32 million in equity and loan loss allowances on hand to cover it. This gives Towpath Credit Union a Texas Ratio of 3.86% 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 Towpath Credit Union experienced no significant changes from 1.71% as of March 31, 2013 to 3.86% as of March 31, 2014, resulting in a negative change of 125.47%. This indicates that the balance sheet and financial strength for Towpath Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Towpath Credit Union has decreased its total deposits by $-621,000, resulting in -0.6% 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 Towpath 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. Towpath Credit Union has $116.8 million in assets with $13.32 million in equity, resulting in a capitalization level of 11.40%, which is excellent.

Institution Statistics

NCUA #96658
Year Chartered1899
Primary Regulator
Assets and Liabilities
Assets$116.80 million
Loans$50.77 million
Deposits$103.05 million
Equity Capital$13.04 million
Loan Loss Allowance$277,000
Unbacked Noncurrent Loans$454,000
Real Estate Owned$60,000
Historic Data - March 2013
Assets$116.86 million
Equity Capital$12.56 million
Loan Loss Allowance$349,000
Unbacked Noncurrent Loans$454,000
Real Estate Owned$60,000
Profit Margin - Quarterly
Net Interest Margin1.42%
Return on Assets0.27%
Return on Equity2.39%
Interest Income$911,000

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Towpath Credit Union Savings Account Rates

0.20%--IRA Savings
0.05%--Club Accounts

Towpath Credit Union Money Market Rates

0.10%--Money Market Share Draft

Towpath Credit Union Checking Account Rates

0.05%--Preferred Checking

Towpath Credit Union CD Rates

0.60%$500-3 Year CD
0.50%$500-2 Year CD
0.20%$500-1 Year CD
0.20%$100-1 Year Youth CD
0.20%$1k-1 Year Mini Jumbo CD
0.15%$500-6 Month CD
0.10%$500-3 Month CD

Towpath Credit Union IRA Rates

0.60%$500-3 Year IRA
0.50%$500-2 Year IRA
0.20%$500-1 Year IRA

Towpath Credit Union Locations
Branch Office2500 N Turkeyfoot RdAkron, OH 44319
Branch Office645 N Main StAkron, OH 44310
Branch Office2969 Smith RdFairlawn, OH 44333