Overview / Commentary
Latvian Cleveland Credit Union is headquartered in Lakewood and is the 133rd largest credit union in the state of Ohio. It is also the 2,891st largest credit union in the nation. It was established in 1960 and as of March of 2025, it had grown to 3 employees and 953 members at 1 location. Latvian Cleveland Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to those of Latvian descent who is a member of a religious organization/church or member of Lithuanian associations, chapters, organizations or communities in Ohio, member or employee of the American Latvian Association, member of the Estonian Evangelical Lutheran Church in Cleveland, Ohio.
See current membership details
Health
B
Data as of Q1 2025
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. Latvian Cleveland Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 62822 |
| Year Chartered | 1960 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.52% |
| Return on Equity - YTD | 2.84% |
| Annual Interest Income | $273K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $30.1MM$30.3MM |
| Loans | Q1 2025vs Q1 2024 | $18.5MM$19.8MM |
| Deposits | Q1 2025vs Q1 2024 | $24.5MM$24.8MM |
| Equity Capital | Q1 2025vs Q1 2024 | $5.6MM$5.4MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $161K$164K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $0$0 |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |