Overview / Commentary
L C E Federal Credit Union is headquartered in Painesville and is the 110th largest credit union in the state of Ohio. It is also the 2,547th largest credit union in the nation. It was established in 1960 and as of June of 2019, it had grown to 11 employees and 5,129 members at 1 location. L C E Federal Credit Union has a B health rating.
Field of Membership Restrictions
Must be an employee of Lake County or other select companies.
See current membership details
Health
B
Data as of Q2 2019
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. L C E Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 13885 |
| Year Chartered | 1960 |
| Employees | 11 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.93% |
| Return on Equity - YTD | 10.93% |
| Annual Interest Income | $791.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $40.8MM$39.9MM |
| Loans | Q2 2019vs Q2 2018 | $22.0MM$20.7MM |
| Deposits | Q2 2019vs Q2 2018 | $37.3MM$36.9MM |
| Equity Capital | Q2 2019vs Q2 2018 | $3.4MM$2.9MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $232.00K$159.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $328.00K$266.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
L C E Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | - | - | Vacation Club | |
| 0.05% | - | - | Christmas Club | |
| 0.05% | - | - | Auxiliary Savings | |
| 0.05% | - | - | Savings |
L C E Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.20%* | $50k* | - | Money Market Account | ||
| OTHER TIERS: 0.15% → $2k - $20k | 0.17% → $20k - $50k | |||||
L C E Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.02% | $500 | - | 60 Month CD | |
| 0.40% | $500 | - | 36 Month CD | |
| 0.30% | $2k | - | 24 Month CD | |
| 0.25% | $2k | - | 18 Month CD | |
| 0.20% | $2k | - | 12 Month CD | |
| 0.15% | $2k | - | 6 Month CD |
Locations
| L C E Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 77 N Saint Clair St | Painesville, OH 44077 |