Overview / Commentary
Acme Federal Credit Union is headquartered in Eastlake and is the 168th largest credit union in the state of Ohio. It is also the 3,665th largest credit union in the nation. It was established in 1939 and as of March of 2020, it had grown to 4 employees and 2,916 members at 3 locations. Acme Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to employees of City of Eastlake, Servo Products Company, Orbis Mentor Plant and over 30 area employer groups.
See current membership details
Health
B
Data as of Q1 2020
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Acme Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 3447 |
| Year Chartered | 1939 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.08% |
| Return on Equity - YTD | -0.45% |
| Annual Interest Income | $127.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $14.2MM$14.3MM |
| Loans | Q1 2020vs Q1 2019 | $6.1MM$6.1MM |
| Deposits | Q1 2020vs Q1 2019 | $11.5MM$11.6MM |
| Equity Capital | Q1 2020vs Q1 2019 | $2.7MM$2.6MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $65.00K$42.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $55.00K$35.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |