LorMet Community Federal Credit Union

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

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 36^th largest credit union in the state of Ohio. It is also the 1,105^th 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

Reviews

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Health

A+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #	24637
Year Chartered	1936
Employees	37
Primary Regulator

Profit Margin
Return on Assets - YTD	1.55%
Return on Equity - YTD	12.73%
Annual Interest Income	$2.6MM

Assets and Liabilities
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

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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

Locations

LorMet Community Federal Credit Union Locations
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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