Latvian Cleveland Credit Union

Overview / Commentary
1385 Andrews Ave
Lakewood, OH 44107

Latvian Cleveland Credit Union is headquartered in Lakewood and is the 126th largest credit union in the state of Ohio. It is also the 2,878th largest credit union in the nation. It was established in 1960 and as of June of 2020, it had grown to 3 employees and 1,043 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.
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Reviews (1)

Excellent Credit Union in Cleveland Ohio

Latvian Cleveland Credit Union located in Cleveland Ohio is an excellent credit union for anyone who is looking for a fair, and easy to use bank. Their checking accounts have little to no fees and provide free checks, and ATM usage. They have a mobile application that is very easy to use as well.

Savings accounts at Latvian Credit Union provide very competitive interest rates and are free to open up. Some banks that I have used before require a monthly minimum, are expensive to open up, and only allow a certain number of transfers per year or month. That is not the case at Latvian.

They provide an excellent service to our community. I highly recommend taking a look at them and comparing their rates to your current bank!

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. Latvian Cleveland Credit Union has a low asset base.

Health Grade Components

NCUA #62822
Year Chartered1960
Primary Regulator
Profit Margin
Return on Assets - YTD0.32%
Return on Equity - YTD2.07%
Annual Interest Income$456.00K
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$32.4MM$30.4MM
LoansQ2 2020vs Q2 2019$17.2MM$16.8MM
DepositsQ2 2020vs Q2 2019$27.4MM$25.3MM
Equity CapitalQ2 2020vs Q2 2019$4.9MM$4.8MM
Loan Loss AllowanceQ2 2020vs Q2 2019$125.00K$137.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$0$0
Real Estate OwnedQ2 2020vs Q2 2019$0$0
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Always verify rates and promotions with the bank or credit union. We are not Latvian Cleveland Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Latvian Cleveland Credit Union Savings Account Rates

0.30%--IRA Savings
0.30%--Health Savings Account
0.20%*$2.5k*-Share Savings Account
OTHER TIERS: 0.10% $100 - $2.5k

Latvian Cleveland Credit Union Money Market Rates

0.30%*$50k*-Money Market Savings Account
OTHER TIERS: 0.25% $5k - $50k

Latvian Cleveland Credit Union Checking Account Rates

0.05%$100-Checking Account

Latvian Cleveland Credit Union CD Rates

0.65%$500-60 Month CD
0.60%$500-48 Month CD
0.55%$500-36 Month CD
0.50%$500-24 Month CD
0.45%$500-18 Month CD
0.40%$500-12 Month CD
0.30%$500-6 Month CD

Latvian Cleveland Credit Union IRA Rates

0.65%$500-60 Month IRA
0.60%$500-48 Month IRA
0.55%$500-36 Month IRA
0.50%$500-24 Month IRA
0.45%$500-18 Month IRA
0.40%$500-12 Month IRA
0.30%$500-6 Month IRA

Latvian Cleveland Credit Union Locations
Branch Office1385 Andrews AveLakewood, OH 44107-2405

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