Firstenergy Family Credit Union

Overview / Commentary
575 White Pond Dr Ste E
Akron, OH 44320

Firstenergy Family Credit Union is headquartered in Akron and is the 111th largest credit union in the state of Ohio. It is also the 2,554th largest credit union in the nation. It was established in 1936 and as of December of 2019, it had grown to 5 employees and 4,550 members at 3 locations. Firstenergy Family Credit Union has a B health rating.

Field of Membership Restrictions

FirstEnergy Family Credit Union of Ohio is open to the current and retired employees of the credit union affiliated partner companies and their family members.
See current membership details

Reviews (1)

Overall pleased

Posted by: |

Well, I joined my credit union hoping to take out a small personal loan. They shot me down with a quickness, but I can't even be too mad about it because my credit score is pretty horrible. For a while after that, I did not utilize them. Then, I decided that it might be worth starting a savings account. I opened both a normal one and a Christmas one that I can access in October but not before. I set up direct deposit to both from my bank. The woman I spoke to was very courteous and helpful. A few months later, I took a small withdrawal from one of the accounts and requested the check online. The whole transaction was super quick and seamless. Overall, I would definitely recommend this union.

Additional 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. Firstenergy Family Credit Union has a low asset base.

Health Grade Components

NCUA #61620
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.45%
Return on Equity - YTD3.09%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$40.4MM$41.4MM
LoansQ4 2019vs Q4 2018$25.5MM$27.3MM
DepositsQ4 2019vs Q4 2018$34.3MM$35.6MM
Equity CapitalQ4 2019vs Q4 2018$5.9MM$5.7MM
Loan Loss AllowanceQ4 2019vs Q4 2018$123.00K$127.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$120.00K$0
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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Firstenergy Family Credit Union Savings Account Rates

0.51%--Share Savings Account

Firstenergy Family Credit Union Locations
Branch Office2600 Erie St SMassillon, OH 44646-7951
Branch Office1040 S Prospect StMarion, OH 43302-6218
Branch Office575 White Pond Dr Ste EAkron, OH 44320-1184

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