THEORY
Painesville, OH · Federal Credit Union · Chartered in OH
Who can join
Occupational / select employee group
Members
3,515
Net Worth Ratio
8.36%
min. 7% = Well Capitalized
Credit unions are exempt from CRA. The Community Reinvestment Act applies only to FDIC-insured banks and thrifts. Credit unions are regulated by NCUA and evaluated under a separate safety and soundness framework.
At a Glance
Total Assets
$39.0M
Peer Group 3
Members
3,515
as of latest quarter
Net Worth Ratio
8.36%
Well Capitalized
Institution Profile
NCUAWebsite
Phone
Address
Chartered
Branch Locations
Membership Eligibility
Financial Snapshot
Total Assets
$39.0M
Total Shares
$36.6M
Total Loans
$19.0M
Net Income
$11K
Net Worth Ratio
8.36%
≥7% = Well Capitalized
Members
3,515
Return on Assets
0.03%
annualized · >0.5% healthy
Delinquency Rate (60d+)
0.55%
$104K
Loan-to-share ratio: 51.8%· healthy range 60–80%
Branch Locations
NCUATheory FCU
1595 Mentor Ave, Painesville, OH, 44077
Monday, Tuesday & Thursday - 10:00am to 5:00pm Wednesday - 2:00pm to 6:00pm Friday - 10:00am to 6:00pm
North Olmsted Office
30129 Lorain Rd, North Olmsted, OH, 44070
Monday through Thursday 9:30-4:30 Friday 9:30-5:30pm
Madison High School branch
3100 Burns Rd, Madison, OH, 44057
Wednesdays 10:30am to 2pm
Mortgage Lending (HMDA)
Credit unions that originate mortgages report Home Mortgage Disclosure Act (HMDA) data to the CFPB. This data covers application volumes, approvals, denials, and borrower demographics.
Consumer Complaints
No CFPB complaint data available for this credit union.
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<a href="https://bankscorer.com/credit-union/theory" target="_blank" rel="noopener">View THEORY on Bank Scorer</a>Data sourced from NCUA 5300 Call Report and branch data. Updated quarterly.