School Employees Lorain County Credit Union

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A short history of School Employees Lorain County CU

Since its inception in 1958 the School Employees Lorain County Credit Union has been serving its members in the Elyria, Ohio area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Neil Sommers, the School Employees Lorain County CU has grown its membership to over 12,714 with assets of more than $153,691,663. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (440) 324-3400 to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Elyria, OH.

General Information For School Employees Lorain County CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 97094
Address 340 Griswold Rd 
City Elyria 
State Ohio 
Zip-Code 44035
Phone Number (440) 324-3400
Fax Number (440) 324-3291
Email Address: ----
CEO/President Neil Sommers
Members 12,714 
Full-Time Employees 40 
Part-Time Employees
Number of Branch Offices
Total Assets 153,691,663 
Website http://www.selccu.org 

Compare School Employees Lorain County Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Community Star CU Edco Branch 7660 Leavitt Rd 44035 (440) 984-4878 No 2.79
Lormet Community CU East Broad Street 230 E Broad St 44035 (440) 322-2620 No 5.30
North Olmsted Schools CU Main Office 30129 Lorain Rd 44070 (440) 777-2009 No 9.15
Lakeshore Community CU Lakeshore Community Credit Union, Inc. 30400 Detroit Rd 44145 (440) 892-6880 No 9.20
The Catholic CU THE CATHOLIC CREDIT INC. MAIN OFFICE 32929 LAKE RD 44012 (440) 933-2524 No 11.07

School Employees Lorain County Credit Union Financial Performance Charts


Performance Charts

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Financial Data


School Employees Lorain County Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 8.90 4.04 4.04 4.50 4.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 151 286 208 205 100
Rank Among All Ohio Credit Unions 23 86 44 55 13

School Employees Lorain County Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.03 0.05 0.15 0.25 0.15
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 133 143 124 310 276
Rank Among All Ohio Credit Unions 19 28 34 92 69
School Employees Lorain County Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.9005,4018,840,193
All Other Unsecured Loans/Lines of Credit 9.2009342,511,503
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.0403335,114,545
Used Vehicle Loans 4.0401,02810,777,397
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.50019310,758,524
Total Other Real Estate Loans/Lines of Credit 4.00078114,712,166
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.2401512,105,590
TOTAL LOANS & LEASES 8,82154,819,918

School Employees Lorain County Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 4470,87100
    b. 15 Years or less 18910,287,6538724,200
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 15189,74600
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 76614,522,4202512,169,745
Open-End Fixed Rate 0000
TOTALS 97425,470,6902592,893,945

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

School Employees Lorain County Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders No
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes