Overview / Commentary
Promedica Federal Credit Union is headquartered in Toledo and is the 90th largest credit union in the state of Ohio. It is also the 2,155th largest credit union in the nation. It was established in 1973 and as of June of 2023, it had grown to 23 employees and 7,033 members at 4 locations. Promedica Federal Credit Union has a B 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
B
Data as of Q2 2023
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 | 23 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.73% |
| Return on Equity - YTD | 9.07% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $70.6MM$72.8MM |
| Loans | Q2 2023vs Q2 2022 | $31.3MM$27.6MM |
| Deposits | Q2 2023vs Q2 2022 | $61.4MM$63.8MM |
| Equity Capital | Q2 2023vs Q2 2022 | $5.9MM$5.6MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$99.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $20.00K$54.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |