LorMet Community Federal Credit Union is headquartered in Amherst and is the 36th largest credit union in the state of Ohio. It is also the 1,105th largest credit union in the nation. It was established in 1936 and as of March of 2025, it had grown to 37 employees and 19,364 members at 4 locations. LorMet Community Federal Credit Union has an A+ health rating.
LorMet Community Federal Credit Union is open to anyone who lives, works,, worships or goes to school in Lorain County, or the cities of Rocky River, Bay Village, or Westlake. Immediate family can also join.
See current membership details
Overall | |
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NCUA # | 24637 |
Year Chartered | 1936 |
Employees | 37 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 1.55% |
Return on Equity - YTD | 12.73% |
Annual Interest Income | $2.6MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $262.5MM$249.6MM |
Loans | Q1 2025vs Q1 2024 | $140.2MM$144.1MM |
Deposits | Q1 2025vs Q1 2024 | $229.4MM$220.6MM |
Equity Capital | Q1 2025vs Q1 2024 | $31.5MM$26.9MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $386K$504K |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $295K$246K |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
Rates for LorMet Community Federal Credit Union are currently being reviewed.
LorMet Community Federal Credit Union Locations | ||
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Branch Office | 216 N Main St | Wellington, OH 44090 |
Branch Office | 2051 Cooper Foster Park Rd | Amherst, OH 44001-1208 |
Branch Office | 230 E Broad St | Elyria, OH 44035-6432 |
Branch Office | 586 Moore Rd | Avon Lake, OH 44012-2313 |
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