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Overview / Commentary
5800 State Rd
Parma, OH 44134

Wiremen's Credit Union is headquartered in Parma and is the 135th largest credit union in the state of Ohio. It is also the 3,055th largest credit union in the nation. It was established in 1955 and as of September of 2017, it had grown to 3 employees and 4,493 members at 1 location. Wiremen's Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to members of IBEW Local 38 (Cuyahoga County and Chester, Bainbridge, Russell and Columbia Townships).
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Additional 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. Wiremen's Credit Union has a low asset base.

Health Grade Components

NCUA #96808
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.54%
Return on Equity - YTD2.44%
Annual Interest Income$565.00K
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$27.2MM$27.6MM
LoansQ3 2017vs Q3 2016$11.4MM$11.5MM
DepositsQ3 2017vs Q3 2016$21.1MM$21.4MM
Equity CapitalQ3 2017vs Q3 2016$6.0MM$6.0MM
Loan Loss AllowanceQ3 2017vs Q3 2016$350.00K$327.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$170.00K$225.00K
Real Estate OwnedQ3 2017vs Q3 2016$0$0
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Wiremen's Credit Union Savings Account Rates


Wiremen's Credit Union CD Rates

1.00%$1k-2 Year CD
0.75%$1k-1 Year CD

Wiremen's Credit Union Locations
Branch Office5800 State RdParma, OH 44134