Overview / Commentary
Bay Area Credit Union is headquartered in Oregon and is the 86th largest credit union in the state of Ohio. It is also the 2,048th largest credit union in the nation. It was established in 1934 and as of December of 2019, it had grown to 20 employees and 5,773 members at 1 location. Bay Area Credit Union's savings rates are 92% higher than the national average, and it 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 2019
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 | 20 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.58% |
| Return on Equity - YTD | 4.73% |
| Annual Interest Income | $2.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $66.1MM$61.9MM |
| Loans | Q4 2019vs Q4 2018 | $42.1MM$40.7MM |
| Deposits | Q4 2019vs Q4 2018 | $57.0MM$53.0MM |
| Equity Capital | Q4 2019vs Q4 2018 | $8.2MM$7.9MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $263.00K$256.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $411.00K$558.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$104.00K |