Overview / Commentary
Poverello Federal Credit Union is headquartered in Carey and is the 149th largest credit union in the state of Ohio. It is also the 3,204th largest credit union in the nation. It was established in 1950 and as of June of 2021, it had grown to 6 employees and 1,842 members at 1 location. Poverello Federal Credit Union 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 Q2 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. Poverello Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 6636 |
| Year Chartered | 1950 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.64% |
| Return on Equity - YTD | 4.93% |
| Annual Interest Income | $339.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $25.9MM$21.9MM |
| Loans | Q2 2021vs Q2 2020 | $9.3MM$8.8MM |
| Deposits | Q2 2021vs Q2 2020 | $22.6MM$18.7MM |
| Equity Capital | Q2 2021vs Q2 2020 | $3.3MM$3.2MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $59.00K$80.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $53.00K$88.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$0 |