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LorMet Community Federal Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Overview / Commentary
www.lormet.com
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 1,113th largest credit union in the nation. It was established in 1936 and as of September of 2024, it had grown to 37 employees and 19,584 members at 4 locations. LorMet Community Federal Credit Union has an A health rating.

Field of Membership Restrictions

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

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Health
A

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #24637
Year Chartered1936
Employees37
Primary Regulator
Profit Margin
Return on Assets - YTD1.4%
Return on Equity - YTD11.81%
Annual Interest Income$7.5MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$252.3MM$244.2MM
LoansQ3 2024vs Q3 2023$141.8MM$141.6MM
DepositsQ3 2024vs Q3 2023$220.8MM$218.1MM
Equity CapitalQ3 2024vs Q3 2023$29.8MM$24.4MM
Loan Loss AllowanceQ3 2024vs Q3 2023$427K$562K
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$151K$178K
Real Estate OwnedQ3 2024vs Q3 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/24/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Rates
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Always verify rates and promotions with the bank or credit union. We are not LorMet Community Federal 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.

LorMet Community Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$5-Primary Savings
0.05%$5-Holiday Savings
0.05%$5-Vision Savings

LorMet Community Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$50k*-Money Market
OTHER TIERS: 0.15% → $0 - $2.5k | 0.20% → $2.5k - $10k | 0.25% → $10k - $25k | 0.30% → $25k - $50k

LorMet Community Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$0$3kEverywhere Checking - Qualifying
OTHER TIERS: 0.50% → $3k - $5k

LorMet Community Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.10%$2.5k-6 Month CD Special
4.10%$2.5k-13 Month CD Special
4.10%$2.5k-19 Month CD Special
0.47%$1k-30 Months CD
0.37%$1k-24 Months CD
0.27%$1k-18 Months CD
0.22%$1k-12 Months CD
0.12%$1k-91 Days CD
0.12%$1k-182 Days CD
0.12%$1k-9 Months CD

LorMet Community Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.47%$500-30 Months IRA
0.37%$500-24 Months IRA
0.37%$500-24 Months Roth IRA
0.27%$500-18 Months IRA
0.27%$500-18 Months Roth IRA
0.27%$25-18 Months Variable IRA
0.22%$500-12 Months IRA
0.22%$500-12 Months Roth IRA
0.12%$500-182 Days IRA
0.12%$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 Office230 E Broad StElyria, OH 44035-6432
Branch Office586 Moore RdAvon Lake, OH 44012-2313

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