Featured Savings Rates
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Painesville Credit Union

Popular Accounts at this Credit Union

0.10%SavingsShare Savings
0.05%1-year CD12 Month Share Certificate
0.08%3-year CD36 Month Share Certificate

Overview / Commentary
280 N Saint Clair St
Painesville, OH 44077

Painesville Credit Union is headquartered in Painesville and is the 127th largest credit union in the state of Ohio. It is also the 2,935th largest credit union in the nation. It was established in 1942 and as of December of 2017, it had grown to 7 employees and 4,412 members at 1 location. Painesville Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Lake County in Ohio. Membership is also open to employees of the City of Painesville Schools, City of Painesville, OBRON/ECKERT, Falcones Conveniant, Penquin Heating & Cooling, St. Pauls Lutheran Church, Gabors, Bentleys Excavation, Tessa Products, Lake Geauga Headstart, LMHA, Morley Library, Thomas Realty, Blackmore's Security Inc, Lifeline Inc.
See current membership details

Reviews (1)

One of the best credit unions in NE Ohio

I remember when this credit union was on the corner in a two story house. At that time customer service was so very family orientated and personal. I have been a member for 30+ years. They've since moved twice and now it's more like a corporation. They still provide good service but it's not like it used to be in the early days. I used to bank there exclusively. Anytime I wanted a loan it was no problem. Now you have to jump through hoops it seems, but I guess that's a part of growth. I still have admiration for this credit union even though I have moved on.

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. Painesville Credit Union has a low asset base.

Health Grade Components

NCUA #63679
Year Chartered1942
Primary Regulator
Profit Margin
Return on Assets - YTD1.29%
Return on Equity - YTD10.33%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$29.1MM$26.9MM
LoansQ4 2017vs Q4 2016$17.3MM$16.4MM
DepositsQ4 2017vs Q4 2016$25.4MM$23.5MM
Equity CapitalQ4 2017vs Q4 2016$3.7MM$3.3MM
Loan Loss AllowanceQ4 2017vs Q4 2016$368.00K$416.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$253.00K$178.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$0
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Painesville Credit Union Savings Account Rates

0.10%$50-Share Savings

Painesville Credit Union CD Rates

0.08%--36 Month Share Certificate
0.07%*$50k*-24 Month Share Certificate
OTHER TIERS: 0.06% Up to $50k
0.06%*$50k*-18 Month Share Certificate
OTHER TIERS: 0.05% Up to $50k
0.05%*$50k*-12 Month Share Certificate
OTHER TIERS: 0.04% Up to $50k
0.04%*$50k*-6 Month Share Certificate
OTHER TIERS: 0.03% Up to $50k

Painesville Credit Union Locations
Branch Office280 N Saint Clair StPainesville, OH 44077