Overview / Commentary
Bay Area Credit Union is headquartered in Oregon and is the 83rd largest credit union in the state of Ohio. It is also the 2,054th largest credit union in the nation. It was established in 1934 and as of June of 2022, it had grown to 22 employees and 5,576 members at 1 location. Bay Area Credit Union's money market rates are 2X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Bay Area CU is open to anyone who resides, works, attends church, or is a registered student in the counties of Lucas, Wood, Ottawa, and Sandusky or anyone who is related to a current CU member.
See current membership details
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Health
B+
Data as of Q2 2022
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. Bay Area Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 63375 |
| Year Chartered | 1934 |
| Employees | 22 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.22% |
| Return on Equity - YTD | 1.92% |
| Annual Interest Income | $1.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $81.9MM$78.7MM |
| Loans | Q2 2022vs Q2 2021 | $44.8MM$43.3MM |
| Deposits | Q2 2022vs Q2 2021 | $70.5MM$68.8MM |
| Equity Capital | Q2 2022vs Q2 2021 | $9.5MM$8.9MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $247.00K$252.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $411.00K$204.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |