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

Painesville Credit Union is headquartered in Painesville and is the 124th largest credit union in the state of Ohio. It is also the 2,863rd largest credit union in the nation. It was established in 1942 and as of September of 2018, it had grown to 8 employees and 4,559 members at 1 location. Painesville Credit Union has a B+ health rating.

Field of Membership Restrictions

Painsville Credit Union membership is open to those who reside, work, attend school, or worship in Lake County, Ohio.
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 - YTD0.94%
Return on Equity - YTD7.43%
Annual Interest Income$896.00K
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$30.6MM$29.2MM
LoansQ3 2018vs Q3 2017$18.7MM$16.8MM
DepositsQ3 2018vs Q3 2017$26.6MM$25.5MM
Equity CapitalQ3 2018vs Q3 2017$3.9MM$3.6MM
Loan Loss AllowanceQ3 2018vs Q3 2017$325.00K$334.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$43.00K$224.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Painesville Credit Union Savings Account Rates

0.15%$50-Share Savings

Painesville Credit Union CD Rates

0.91%--36 Month Share Certificate
0.76%*$50k*-24 Month Share Certificate
OTHER TIERS: 0.71% Up to $50k
0.66%*$50k*-18 Month Share Certificate
OTHER TIERS: 0.61% Up to $50k
0.56%*$50k*-12 Month Share Certificate
OTHER TIERS: 0.51% Up to $50k
0.46%*$50k*-6 Month Share Certificate
OTHER TIERS: 0.41% Up to $50k

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

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