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Overview / Commentary
330-868-7080
3570 Union Ave SE
Minerva, OH 44657

Minerva Area Federal Credit Union is headquartered in Minerva and is the 204th largest credit union in the state of Ohio. It is also the 4,355th largest credit union in the nation. It was established in 1971 and as of March of 2017, it had grown to 8 employees and 2,143 members at 1 location. Minerva Area Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in the Minerva Local School District.
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Health
Additional 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. Minerva Area Federal Credit Union has a very low asset base.

Health Grade Components

Overall
NCUA #20622
Year Chartered1971
Employees8
Primary Regulator
Profit Margin
Return on Assets - YTD-0.76%
Return on Equity - YTD-7.27%
Annual Interest Income$100.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$8.9MM$8.6MM
LoansQ1 2017vs Q1 2016$3.8MM$4.3MM
DepositsQ1 2017vs Q1 2016$8.0MM$7.7MM
Equity CapitalQ1 2017vs Q1 2016$880.00K$895.00K
Loan Loss AllowanceQ1 2017vs Q1 2016$92.00K$100.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$46.00K$74.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
Rates

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Locations


Minerva Area Federal Credit Union Locations
Branch Office3570 Union Ave SeMinerva, OH 44657