Universal 1 Credit Union is headquartered in Dayton and is the 19th largest credit union in the state of Ohio. It is also the 756th largest credit union in the nation. It was established in 1937 and as of December of 2022, it had grown to 89 employees and 48,702 members at 9 locations. Universal 1 Credit Union's CD rates are 3X the national average, and it has a C+ 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.)
Horrible At Most Everything
Use to be pretty decent. Now poor poor rates. Tellers are not experienced and always make account mistakes. Management treats you like crap if you complain. I actually think they are in the process of going out of business.
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 64970 |
| Year Chartered | 1937 |
| Employees | 89 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.39% |
| Return on Equity - YTD | 5.36% |
| Annual Interest Income | $15.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $453.1MM$475.8MM |
| Loans | Q4 2022vs Q4 2021 | $266.6MM$240.7MM |
| Deposits | Q4 2022vs Q4 2021 | $417.2MM$432.5MM |
| Equity Capital | Q4 2022vs Q4 2021 | $33.4MM$40.2MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $2.8MM$1.2MM |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $3.6MM$1.0MM |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |