Impact Credit Union is headquartered in Clyde and is the 49th largest credit union in the state of Ohio. It is also the 1,302nd largest credit union in the nation. It was established in 1994 and as of June of 2020, it had grown to 54 employees and 15,571 members at 6 locations. Impact Credit Union's money market rates are 25% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Impact Credit Union is open to individuals who live, work, worship, or attend school in the Ohio counties of Hancock, Sandusky, or Seneca. (Membership requirements are listed on first page of online application.)
See current membership details
A great place to bank
I have been doing my banking at this credit union for many years. They have always treated me very well and I have always been very pleased with their customer service. I have several different kinds of deposit accounts with them, including CDs, an IRA, checking, and a regular savings account. Their rates are always competitive. Their online banking makes it easy to move things around and balance when I feel the need. Their shared branching locations make it easy for me to do business through them throughout the entire country. I couldn't be more pleased with Impact Credit Union. I would recommend this credit union to anyone.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68150 |
| Year Chartered | 1994 |
| Employees | 54 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.03% |
| Return on Equity - YTD | 0.29% |
| Annual Interest Income | $2.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $161.6MM$147.2MM |
| Loans | Q2 2020vs Q2 2019 | $102.8MM$102.0MM |
| Deposits | Q2 2020vs Q2 2019 | $146.6MM$132.6MM |
| Equity Capital | Q2 2020vs Q2 2019 | $14.0MM$13.6MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $784.00K$843.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $474.00K$432.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $37.00K$0 |