Overview / Commentary
Geauga Credit Union is headquartered in burton and is the 81st largest credit union in the state of Ohio. It is also the 1,907th largest credit union in the nation. It was established in 1956 and as of December of 2024, it had grown to 10 employees and 6,683 members at 2 locations. Geauga Credit Union has a B health rating.
Field of Membership Restrictions
Membership in Geauga Credit Union is open to individuals who live, work, worship, or attend school in the Ohio counties of Ashtabula, Geauga, Portage or Trumbull.
See current membership details
Health
B
Data as of Q4 2024
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. Geauga Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 61220 |
| Year Chartered | 1956 |
| Employees | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.22% |
| Return on Equity - YTD | 11.43% |
| Annual Interest Income | $4.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $91MM$68.3MM |
| Loans | Q4 2024vs Q4 2023 | $64.7MM$59.5MM |
| Deposits | Q4 2024vs Q4 2023 | $81.4MM$59.7MM |
| Equity Capital | Q4 2024vs Q4 2023 | $9.3MM$8.3MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $1.5MM$1.6MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $2MM$1.8MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |