Overview / Commentary
Sorg Bay West Federal Credit Union is headquartered in MIDDLETOWN and is the 193rd largest credit union in the state of Ohio. It is also the 4,121st largest credit union in the nation. It was established in 1950 and as of December of 2019, it had grown to 4 employees and 1,004 members at 1 location. Sorg Bay West Federal Credit Union's CD rates are 2X the national average, and it has a C+ health rating.
Field of Membership Restrictions
Membership is open to those who live, worship or work within the City of Middletown and to employees of Sorg Paper Company, Bay West Paper Company, Nurse's Care, Inc., Middletown Post Office, and Roush General Contracting.
See current membership details
Health
C+
Data as of Q4 2019
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. Sorg Bay West Federal Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 6772 |
| Year Chartered | 1950 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.57% |
| Return on Equity - YTD | 6.38% |
| Annual Interest Income | $437.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $8.7MM$8.2MM |
| Loans | Q4 2019vs Q4 2018 | $5.1MM$4.3MM |
| Deposits | Q4 2019vs Q4 2018 | $7.7MM$7.3MM |
| Equity Capital | Q4 2019vs Q4 2018 | $752.00K$703.00K |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $13.00K$21.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $76.00K$67.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |