Overview / Commentary
Medina County Federal Credit Union is headquartered in Wadsworth and is the 71st largest credit union in the state of Ohio. It is also the 1,785th largest credit union in the nation. It was established in 1960 and as of June of 2020, it had grown to 16 employees and 9,532 members at 3 locations. Medina County Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership is open to those who live, work, attend school or worship in Medina County.
See current membership details
Health
A
Data as of Q2 2020
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Medina County Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 13794 |
| Year Chartered | 1960 |
| Employees | 16 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 6.05% |
| Annual Interest Income | $1.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $93.8MM$83.9MM |
| Loans | Q2 2020vs Q2 2019 | $43.0MM$43.5MM |
| Deposits | Q2 2020vs Q2 2019 | $82.6MM$73.8MM |
| Equity Capital | Q2 2020vs Q2 2019 | $11.1MM$9.9MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $111.00K$185.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $66.00K$61.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$20.00K |