Overview / Commentary
Poverello Federal Credit Union is headquartered in Carey and is the 138th largest credit union in the state of Ohio. It is also the 3,003rd largest credit union in the nation. It was established in 1950 and as of March of 2025, it had grown to 5 employees and 1,685 members at 1 location. Poverello Federal Credit Union's money market rates are 10X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership in Poverello Federal Credit Union is open to those who live, work, worship, or attend school in Crawford, Hancock, Hardin, Seneca, or Wyandot Counties in Ohio, prior members of the Catholic faith, and immediate family members of any qualified individual.
See current membership details
Health
B+
Data as of Q1 2025
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. Poverello Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 6636 |
| Year Chartered | 1950 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.14% |
| Return on Equity - YTD | 7.65% |
| Annual Interest Income | $303K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $26.5MM$26.3MM |
| Loans | Q1 2025vs Q1 2024 | $8.5MM$8.5MM |
| Deposits | Q1 2025vs Q1 2024 | $22.5MM$22.6MM |
| Equity Capital | Q1 2025vs Q1 2024 | $3.9MM$3.6MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $67K$67K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $7K$13K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |