Ashland Community Federal Credit Union
Overview / Commentary
Ashland Community Federal Credit Union is headquartered in Ashland and is the 145th largest credit union in the state of Ohio. It is also the 3,236th largest credit union in the nation. It was established in 1951 and as of June of 2024, it had grown to 4 employees and 3,090 members at 1 location. Ashland Community Federal Credit Union has a B health rating.
Field of Membership Restrictions
Ashland Community Federal Credit Union is open to those who live, work, attend school or worship in Ashland County, Ohio.
See current membership details
Health
B
Data as of Q2 2024
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. Ashland Community Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 7072 |
| Year Chartered | 1951 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.04% |
| Return on Equity - YTD | 20.16% |
| Annual Interest Income | $569K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $20.8MM$20.3MM |
| Loans | Q2 2024vs Q2 2023 | $16.4MM$15.2MM |
| Deposits | Q2 2024vs Q2 2023 | $18.6MM$18.5MM |
| Equity Capital | Q2 2024vs Q2 2023 | $2.1MM$1.7MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $184K$158K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $48K$74K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |