Overview / Commentary
Western Region Federal Credit Union is headquartered in Cleveland and is the 163rd largest credit union in the state of Ohio. It is also the 3,567th largest credit union in the nation. It was established in 1960 and as of June of 2021, it had grown to 5 employees and 2,180 members at 2 locations. Western Region Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Western Region Federal Credit Union is open to employees (and their immediate family) of the Western Region of the Cleveland Clinic.
See current membership details
Health
B+
Data as of Q2 2021
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. Western Region Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 13615 |
| Year Chartered | 1960 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.8% |
| Return on Equity - YTD | -6.85% |
| Annual Interest Income | $195.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $17.4MM$16.1MM |
| Loans | Q2 2021vs Q2 2020 | $3.8MM$5.0MM |
| Deposits | Q2 2021vs Q2 2020 | $15.3MM$13.8MM |
| Equity Capital | Q2 2021vs Q2 2020 | $2.0MM$2.2MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $90.00K$54.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $40.00K$27.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$0 |