Featured Savings Rates
Featured Accounts

Lormet Community Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.00%Reward CheckingEverywhere Checking - Qualifying
0.20%1-year CD12 Months CD
0.10%SavingsVision Savings

Overview / Commentary
440-960-6600
2051 Cooper Foster Park Rd
Amherst, OH 44001-1208

Lormet Community Federal Credit Union is headquartered in Amherst and is the 44th largest credit union in the state of Ohio. It is also the 1,203rd largest credit union in the nation. It was established in 1936 and as of June of 2016, it had grown to 31 employees and 18,104 members at 4 locations. Lormet Community Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in Lorain County.
See current membership details

Reviews (1)

They Treat People Right! Always Professional And Well Trained Staff Responds To Questions.

Posted by: robert | Sep 8, 2010

LorMet began in 1936 and had developed into a full service financial institution with 5 locations.  Lormet's board and staff all live in the communities they serve.  They understand professional and timely financial services.  Good credit applicants have car loans approved in minutes.  Nothing but the best here!



Health
A

Health Grade Components

Overall
NCUA #24637
Year Chartered1936
Employees31
Primary Regulator
Profit Margin
Return on Assets - YTD0.27%
Return on Equity - YTD2.41%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$150.7MM$148.5MM
LoansQ2 2016vs Q2 2015$88.4MM$75.6MM
DepositsQ2 2016vs Q2 2015$133.4MM$130.8MM
Equity CapitalQ2 2016vs Q2 2015$16.9MM$16.2MM
Loan Loss AllowanceQ2 2016vs Q2 2015$194.00K$176.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$143.00K$122.00K
Real Estate OwnedQ2 2016vs Q2 2015$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.

Lormet Community Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Primary Savings
0.10%--Holiday Savings
0.10%--Vision Savings

Lormet Community Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$3kEverywhere Checking - Qualifying
OTHER TIERS: 0.50% $3k - $5k

Lormet Community Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$2,500-24 Months CD
0.40%$2,500-30 Months CD
0.25%$2,500-18 Months CD
0.20%$2,500-12 Months CD
0.10%$2,500-91 Days CD
0.10%$2,500-182 Days CD
0.10%$2,500-9 Months CD

Lormet Community Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$500-30 Months IRA
0.40%$500-24 Months IRA
0.25%$500-18 Months IRA
0.20%$25-18 Months Variable IRA
0.10%$500-182 Days IRA
Locations


Lormet Community Federal Credit Union Locations
Branch Office216 N Main StWellington, OH 44090
Branch Office2051 Cooper Foster Park RdAmherst, OH 44001-1208
Branch Office1825 E 28th StLorain, OH 44055
Branch Office230 E Broad StElyria, OH 44035-6432