Universal 1 Credit Union is headquartered in Dayton and is the 20th largest credit union in the state of Ohio. It is also the 722nd largest credit union in the nation. It was established in 1937 and as of December of 2021, it had grown to 81 employees and 48,622 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 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 64970 |
| Year Chartered | 1937 |
| Employees | 81 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.82% |
| Return on Equity - YTD | 9.65% |
| Annual Interest Income | $12.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $475.8MM$452.6MM |
| Loans | Q4 2021vs Q4 2020 | $240.7MM$247.9MM |
| Deposits | Q4 2021vs Q4 2020 | $432.5MM$411.5MM |
| Equity Capital | Q4 2021vs Q4 2020 | $40.2MM$38.0MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $1.2MM$2.2MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $1.0MM$1.7MM |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |