Overview / Commentary
Lan-Fair Federal Credit Union is headquartered in LANCASTER and is the 91st largest credit union in the state of Ohio. It is also the 2,203rd largest credit union in the nation. It was established in 1966 and as of December of 2019, it had grown to 8 employees and 4,767 members at 2 locations. Lan-Fair Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Must be an employee of Lancaster City School, Fairfield County Schools, or several other Select Employee Groups (SEGs).
See current membership details
Health
B+
Data as of Q4 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. Lan-Fair Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 17327 |
| Year Chartered | 1966 |
| Employees | 8 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.44% |
| Return on Equity - YTD | 3.69% |
| Annual Interest Income | $1.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $57.3MM$54.6MM |
| Loans | Q4 2019vs Q4 2018 | $11.6MM$12.0MM |
| Deposits | Q4 2019vs Q4 2018 | $50.4MM$48.0MM |
| Equity Capital | Q4 2019vs Q4 2018 | $6.8MM$6.5MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $171.00K$146.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $366.00K$487.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $369.00K$427.00K |