Lake County Educational Federal Credit Union


Overview / Commentary
440-352-4732
1595 Mentor Ave
Painesville, OH 44077

Lake County Educational Federal Credit Union is headquartered in Painesville and is the 123rd largest credit union in the state of Ohio. It is also the 2,749th largest credit union in the nation. It was established in 1995 and as of March of 2025, it had grown to 8 employees and 3,488 members at 3 locations. Lake County Educational Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Lake County Educational Federal Credit Union is open to the following: (1) employees and faculty of Lake County Public Schools; (2) students, employees, and faculty of Auburn Career Center, Brown Aveda Institute, Fairport Harbor Schools, iSTEM Geauga Early College High School, Madison Schools, North Olmsted Schools, Our Shepherd Lutheran School, and Riverside Schools; (3) employees of the Greater Cleveland area organizations: Burke School of Irish Dance, Carat-Coin-Collectibles, Clark Family Automotive Services, Gateway Country, Ladies and Gentlemen Salon and Spa of Mentor, Lake County Educational Service Center, MacKenzie Memorial Public Library, North Olmstead Board of Education and High School Alumni Association Members, Ream Builders, Inc., St. Clarence Church, and Zergott Landscaping, Inc.
See current membership details

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
C+
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. Lake County Educational Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #24545
Year Chartered1995
Employees8
Primary Regulator
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD19.83%
Annual Interest Income$420K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$35.4MM$33.4MM
LoansQ1 2025vs Q1 2024$18.4MM$19.3MM
DepositsQ1 2025vs Q1 2024$33.5MM$32.1MM
Equity CapitalQ1 2025vs Q1 2024$1.8MM$1.1MM
Loan Loss AllowanceQ1 2025vs Q1 2024$71K$74K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$304K$276K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Sorry, we do not have rate data for Lake County Educational Federal Credit Union.

Locations


Lake County Educational Federal Credit Union Locations
Branch Office1595 Mentor AvePainesville, OH 44077
Branch Office30129 Lorain RdNorth Olmsted, OH 44070
Branch Office3100 Burns RdMadison, OH 44057

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.