Universal 1 Credit Union is headquartered in Dayton and is the 18th largest credit union in the state of Ohio. It is also the 702nd largest credit union in the nation. It was established in 1937 and as of December of 2020, it had grown to 79 employees and 50,758 members at 9 locations. Universal 1 Credit Union has an A health rating.
Not As Good As They Used To Be
Deposit Growth is down and Capitalization is considered average. CD rates are okay but there are better rates in the Cincinnati, Dayton area. They appear to have survived the recession which hit Dayton particularly hard, but otherwise really need to reverse the Deposit Growth trend and improve Capitalization. Might be hard to do in Dayton region.
There has been a lot of upheaval in the local credit unions with mergers, and switching to ASI insurance.
Will be interesting to see how they are doing in the coming years. They are not as competitive as they used to be.
You Must Live Or Work In Ohio To Join Universal 1
You must live or work in Ohio to join Universal 1 Credit Union. (Their membership-eligibility requirements were not readily available on their web site.)
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 64970 |
| Year Chartered | 1937 |
| Employees | 79 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.19% |
| Return on Equity - YTD | 2.22% |
| Annual Interest Income | $13.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $452.6MM$423.7MM |
| Loans | Q4 2020vs Q4 2019 | $247.9MM$305.1MM |
| Deposits | Q4 2020vs Q4 2019 | $411.5MM$383.3MM |
| Equity Capital | Q4 2020vs Q4 2019 | $38.0MM$37.1MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $2.2MM$2.4MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $1.7MM$2.1MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |