Overview / Commentary
Buckeye State Credit Union is headquartered in Akron and is the 79th largest credit union in the state of Ohio. It is also the 1,909th largest credit union in the nation. It was established in 1899 and as of December of 2019, it had grown to 35 employees and 14,408 members at 5 locations. Buckeye State Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Buckeye State Credit Union is open to the following: (1) those who live, work, attend school or worship in the City of Shaker Heights, Lake County, Summit County, or Stark County, Ohio; (2) employees of Akron Steel, Cargill Salt, Inc., Ohio Department of Transportation, and over 100 area Select Employer Groups.
See current membership details
Health
B+
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. Buckeye State Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 96672 |
| Year Chartered | 1899 |
| Employees | 35 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.42% |
| Return on Equity - YTD | 12.8% |
| Annual Interest Income | $3.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $75.2MM$75.0MM |
| Loans | Q4 2019vs Q4 2018 | $60.2MM$58.5MM |
| Deposits | Q4 2019vs Q4 2018 | $65.4MM$66.7MM |
| Equity Capital | Q4 2019vs Q4 2018 | $8.3MM$7.3MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $719.00K$560.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $862.00K$557.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$45.00K |