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 36th largest credit union in the state of Ohio. It is also the 1,107th largest credit union in the nation. It was established in 1936 and as of March of 2018, it had grown to 34 employees and 21,335 members at 5 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

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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

Health Grade Components

Overall
NCUA #24637
Year Chartered1936
Employees34
Primary Regulator
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD3.94%
Annual Interest Income$1.0MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$185.6MM$158.3MM
LoansQ1 2018vs Q1 2017$120.9MM$105.9MM
DepositsQ1 2018vs Q1 2017$165.5MM$140.8MM
Equity CapitalQ1 2018vs Q1 2017$19.0MM$17.1MM
Loan Loss AllowanceQ1 2018vs Q1 2017$263.00K$204.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$371.00K$254.00K
Real Estate OwnedQ1 2018vs Q1 2017$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 Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.27%*$50k*-Money Market
OTHER TIERS: 0.10% Up to $2,500 | 0.15% $2,500 - $10k | 0.20% $10k - $25k | 0.25% $25k - $50k

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%$500-30 Months Roth IRA
0.40%$500-24 Months IRA
0.40%$500-24 Months Roth IRA
0.25%$500-18 Months IRA
0.25%$500-18 Months Roth IRA
0.20%$25-18 Months Variable IRA
0.10%$500-182 Days IRA
0.10%$500-182 Days Roth 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
Branch Office586 Moore RdAvon Lake, OH 44012-2313

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