Seven Seventeen Credit Union is headquartered in Warren and is the 5th largest credit union in the state of Ohio. It is also the 309th largest credit union in the nation. It was established in 1957 and as of December of 2020, it had grown to 315 employees and 94,356 members at 14 locations. Seven Seventeen Credit Union has an A+ health rating.
Field of Membership Restrictions
Membership in Seven Seventeen Credit Union is open to those who attend school, worship, live or work in the Ohio counties of Columbiana, Mahoning, Portage, Stark, Summit, or Trumbull.
See current membership details
Seven Seventeen Credit Union
I was hesitant to leave the bank my parents had had me with for my whole life, but when I was eighteen I decided to join Seven Seventeen Credit Union. What convinced me was their WOW account, which was for young people, specifically students. Through WOW, you open up a checking and savings account, however, while in normal programs you would get 1% back from your savings, you get around 3% back in your checking instead (Those were the percentages when I joined, anyway). So I hardly use my savings account because I get more back from my checking, but I think it's really great that they have specific plans for students and young people to kind of get their feet in the door of the world. I also signed my niece and nephew up for children's savings accounts there and they earn rewards (little toys and whatnot) for every certain amount that they save. They also have tons of scholarship opportunities and other programs to help people out, which is totally unlike anything I experienced at my previous bank. Recently they had a sweepstakes for anyway with a WOW account who deposited $10 into their savings. Plus, they're really high-tech and convenient and their employees are always super available, helpful, and friendly. In five years I've never had a problem there.
Seven Seventeen Credit Union is a Great Bank!
My first bank was the Seven Seventeen Credit Union, based out of Warren, Ohio. I always had positive experiences banking with SSCU. The tellers at my local branch all knew me by name. I maintained a basic free checking and savings account for almost 10 years there. They offered service fee free ATMs and fee free accounts. At the time they also offered service fee free overdraft protection. If you overdrew your checking account then they would transfer money from savings. If you did not have the money in savings, they gave you a 24 hour grace period to bring your account current. The only reason I switched was because I moved and no longer had access to local ATMs and locations. The only downside when I was banking at SSCU was that they did not offer some of the same interest bearing savings accounts that larger Savings and Loan type bank might. At the time, their online tool was also a little clunky, but this was in the early days of online banking, and they may have improved their services since then.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 61077 |
| Year Chartered | 1957 |
| Employees | 315 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.03% |
| Return on Equity - YTD | 7.25% |
| Annual Interest Income | $49.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $1.26B$1.11B |
| Loans | Q4 2020vs Q4 2019 | $933.3MM$927.7MM |
| Deposits | Q4 2020vs Q4 2019 | $1.06B$907.6MM |
| Equity Capital | Q4 2020vs Q4 2019 | $177.7MM$164.1MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $5.9MM$5.8MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $3.8MM$4.1MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $100.00K$145.00K |
