LorMet Community Federal Credit Union


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 1,105th 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.

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+

Health Grade Components

Overall
NCUA #24637
Year Chartered1936
Employees37
Primary Regulator
Profit Margin
Return on Assets - YTD1.55%
Return on Equity - YTD12.73%
Annual Interest Income$2.6MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$262.5MM$249.6MM
LoansQ1 2025vs Q1 2024$140.2MM$144.1MM
DepositsQ1 2025vs Q1 2024$229.4MM$220.6MM
Equity CapitalQ1 2025vs Q1 2024$31.5MM$26.9MM
Loan Loss AllowanceQ1 2025vs Q1 2024$386K$504K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$295K$246K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Rates for LorMet Community Federal Credit Union are currently being reviewed.

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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