Overview / Commentary
Bay Area Credit Union is headquartered in Oregon and is the 85th largest credit union in the state of Ohio. It is also the 2,060th largest credit union in the nation. It was established in 1934 and as of December of 2021, it had grown to 22 employees and 5,610 members at 1 location. Bay Area Credit Union has an A 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
A
Data as of Q4 2021
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 | 0.65% |
| Return on Equity - YTD | 5.4% |
| Annual Interest Income | $2.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $79.4MM$74.5MM |
| Loans | Q4 2021vs Q4 2020 | $43.3MM$43.1MM |
| Deposits | Q4 2021vs Q4 2020 | $69.5MM$65.0MM |
| Equity Capital | Q4 2021vs Q4 2020 | $9.4MM$8.6MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $244.00K$326.00K |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $272.00K$415.00K |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |