School Employees Lorain County Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.85%1-year CD12 Month CD
0.05%SavingsShare Saving
1.00%3-year CD30 Month CD

Overview / Commentary
440-324-3400
340 Griswold Rd
Elyria, OH 44035

School Employees Lorain County Credit Union is headquartered in Elyria and is the 44th largest credit union in the state of Ohio. It is also the 1,256th largest credit union in the nation. It was established in 1958 and as of June of 2018, it had grown to 38 employees and 12,532 members at 2 locations. School Employees Lorain County Credit Union's CD rates are 2X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees and retired teachers of all Lorain County public, private, charter or parochial schools; employees of any educational entity in Lorain County, and students.
See current membership details

Reviews (1)

Excellent!

I would recommend this credit union to anyone! They do not charge high fees, they have free checking options as well. They have good loan rates. And they have a bunch of different financial products available. My funds show up the day of payday and are readily available. I would recommend this credit union to anyone!



Health
B+

Health Grade Components

Overall
NCUA #97094
Year Chartered1958
Employees38
Primary Regulator
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD5.64%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$151.6MM$153.7MM
LoansQ2 2018vs Q2 2017$55.1MM$54.8MM
DepositsQ2 2018vs Q2 2017$134.8MM$136.7MM
Equity CapitalQ2 2018vs Q2 2017$16.4MM$16.5MM
Loan Loss AllowanceQ2 2018vs Q2 2017$374.00K$229.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$570.00K$345.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not School Employees Lorain County Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

School Employees Lorain County Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$5-IRA Savings
0.05%$5-Share Saving
0.05%$5-Escrow Saving
0.05%$5-Vacation Club
0.05%$5-Christmas Club Accounts

School Employees Lorain County Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$50k*-Regular MMIA
OTHER TIERS: 0.10% $2.5k - $25k | 0.20% $25k - $50k
0.25%*$50k*-M3 MMIA
OTHER TIERS: 0.10% $250 - $25k | 0.20% $25k - $50k

School Employees Lorain County Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%$25-Secure Checking Account
0.03%$25-Secure Young Adult Account
0.03%$25-Secure Plus Checking

School Employees Lorain County Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$500-12 Month CD Promotion
1.00%*$100k*-30 Month CD
OTHER TIERS: 0.80% $500 - $25k | 0.85% $25k - $50k | 0.90% $50k - $75k | 0.95% $75k - $100k
0.95%*$100k*-24 Month CD
OTHER TIERS: 0.75% $500 - $25k | 0.80% $25k - $50k | 0.85% $50k - $75k | 0.90% $75k - $100k
0.90%*$100k*-18 Month CD
OTHER TIERS: 0.70% $500 - $25k | 0.75% $25k - $50k | 0.80% $50k - $75k | 0.85% $75k - $100k
0.85%*$100k*-12 Month CD
OTHER TIERS: 0.07% $500 - $25k | 0.70% $25k - $50k | 0.75% $50k - $75k | 0.80% $75k - $100k
0.70%*$100k*-6 Month CD
OTHER TIERS: 0.50% $500 - $25k | 0.55% $25k - $50k | 0.60% $50k - $75k | 0.65% $75k - $100k
0.50%$250-24 Month Youth Add-On CD

School Employees Lorain County Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$5-18 Month Coverdell Education IRA
Locations


School Employees Lorain County Credit Union Locations
340 Griswold RdElyria, OH 44035
Branch Office4459 Oberlin AveLorain, OH 44053

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