Overview / Commentary
Promedica Federal Credit Union is headquartered in Toledo and is the 91st largest credit union in the state of Ohio. It is also the 2,193rd largest credit union in the nation. It was established in 1973 and as of June of 2020, it had grown to 24 employees and 7,304 members at 5 locations. Promedica Federal Credit Union has an A health rating.
Field of Membership Restrictions
ProMedica Federal Credit Union is open to employees of ProMedica, ProMedica affiliates, and qualifying family members.
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. Promedica Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 21226 |
| Year Chartered | 1973 |
| Employees | 24 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.54% |
| Return on Equity - YTD | -4.89% |
| Annual Interest Income | $1.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $62.7MM$57.5MM |
| Loans | Q2 2020vs Q2 2019 | $24.4MM$25.4MM |
| Deposits | Q2 2020vs Q2 2019 | $55.5MM$50.2MM |
| Equity Capital | Q2 2020vs Q2 2019 | $6.7MM$6.8MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $167.00K$127.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $80.00K$162.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |