Overview / Commentary
Western Region Federal Credit Union is headquartered in Cleveland and is the 169th largest credit union in the state of Ohio. It is also the 3,673rd largest credit union in the nation. It was established in 1960 and as of March of 2020, it had grown to 4 employees and 2,316 members at 2 locations. Western Region Federal Credit Union's CD rates are 89% higher than the national average, and it 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 Q1 2020
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 | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.04% |
| Return on Equity - YTD | 6.45% |
| Annual Interest Income | $135.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $14.1MM$14.1MM |
| Loans | Q1 2020vs Q1 2019 | $5.3MM$6.2MM |
| Deposits | Q1 2020vs Q1 2019 | $11.8MM$11.9MM |
| Equity Capital | Q1 2020vs Q1 2019 | $2.2MM$2.2MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $64.00K$57.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $116.00K$49.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |