Firelands Federal Credit Union is headquartered in Bellevue and is the 21st largest credit union in the state of Ohio. It is also the 774th largest credit union in the nation. It was established in 1957 and as of December of 2023, it had grown to 108 employees and 35,499 members at 6 locations. Firelands Federal Credit Union's money market rates are 7X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership in Firelands Federal Credit Union is open to individuals who live, work, worship, or attend school in the Ohio counties of Erie or Huron; York Township in Sandusky County, Ohio; or the townships of Adams, Reed, Thompson, or Venice in Seneca County, Ohio. Immediate family of membership-eligible individuals also qualify for membership.
See current membership details
Firelands, A Good Bank for Starters
When I first got a job, I needed a bank account. However, all the banks in my town required a huge initial deposit and I had to maintain a large sum of money in the account at all times. This was just not possible for me. I heard about Firelands and learned that only charge a $5 initial amount to open an account and that five dollars is all that is needed to keep the account open. They have a great loan service which has helped me many times and the interest on it is very low. I have paid off many debts with their help.
Unless something drastic happens, I will continue to use Firelands.
Great Credit Union.
I have been a member of Fireland's Federal Credit Union since 1999. It has been, and continues to be, the best banking institution I have ever used. There are no crazy hidden fees, and they have free checking. I have never had anyone be rude to me. Everyone there is happy and helpful when I go inside. Even when I am at the drive thru, they are helpful and considerate.
They offer online banking that is simple and easy to use. I now do all my banking online because they make it so easy and time saving to do so. There site is secure and I have no worries about my information get stolen and used against me.
All in all I am positive that I will be staying a member of Fireland's Federal Credit Union for the rest of my life. I don't see me being happy anywhere else.
The Credit Union is located at a fairly easy place to get to. Traffic is not congested there, and the drive thru has 5 lanes. Most banks I've seen only have 4 lanes or less. FFCU has 5 and they are all open all day long. So there is no 30 minute wait in line like at other institutions.
Data as of Q4 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 11674 |
| Year Chartered | 1957 |
| Employees | 108 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.24% |
| Return on Equity - YTD | 2.82% |
| Annual Interest Income | $21.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2023vs Q4 2022 | $450.5MM$411.6MM |
| Loans | Q4 2023vs Q4 2022 | $307.5MM$264.9MM |
| Deposits | Q4 2023vs Q4 2022 | $404.3MM$372.2MM |
| Equity Capital | Q4 2023vs Q4 2022 | $38.2MM$33.1MM |
| Loan Loss Allowance | Q4 2023vs Q4 2022 | $3.1MM$1.7MM |
| Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $3.3MM$2.4MM |
| Real Estate Owned | Q4 2023vs Q4 2022 | $0$0 |