LORMET COMMUNITY

2051 COOPER FOSTER PARK RD
Amherst, OH 44001

Notable Rates APY Vs.Others
Savings 0.10% 2.25% →
1-Year CD 0.20% 2.25% →
2-Year CD 0.40% 2.50% →
5-Year CD N.A. 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Credit Union Information

Lormet Community is an NCUA insured institution located in Amherst, OH. It was founded in 1936 and has approximately $185.62 millions in assets.

NCUA Insured Yes
Charter Number # # 24637
Date Established 1936
Assets $185.62 million
Loans $122.29 million
Deposits $163.62 million
Capital $21.68 million
 

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in Lorain County.

Deposit Rates - December 15, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.15% $2,500 $9,999 Learn MoreShow Less
Money Market
0.20% $10,000 $24,999 Learn MoreShow Less
Money Market
0.25% $25,000 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
0.25% $500 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.10% $1,000 - Learn MoreShow Less
6 Mo CD
0.10% $1,000 - Learn MoreShow Less
12 Mo CD
0.20% $1,000 - Learn MoreShow Less
18 Mo CD
0.25% $1,000 - Learn MoreShow Less
24 Mo CD
0.40% $1,000 - Learn MoreShow Less
30 Mo CD
0.40% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.20% $25 - Learn MoreShow Less

Loan Rates - December 15, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for LORMET COMMUNITY

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.034% 4.990% 0.00 $1,250 $1,341 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.625% 3.625% -0.13 ($222) $1,141 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

Note to LORMET COMMUNITY
To upload and update your bank's rates please register. It is free to register and add rates.



Branches

Below are Lormet Community branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Lormet Community Locations


Financial Details

Lormet Community Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Lormet Community. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Lormet Community U.S. Average
3.66% 5.86

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2019, Lormet Community had $739,915 in non-current loans and $68,877 in owned assets. To cover these potential losses it had $21,675,146 in net worth and $405,569 in loans loss reserves. That gives it a Texas Ratio of 3.66%.

Net Worth
Lormet Community U.S. Average
11.79% 13.65%

Lormet Community FCU has a net worth of 11.79% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Lormet Community

Branches and Savings

What is Lormet Community?

A federal credit union, registered with the NCUA under certificate #24637.
Learn more about credit unions here.

Is Lormet Community FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Lormet Community?

Please see Field of Membership information above for information on who is eligible to join.

What are Lormet Community's share account and share certificate rates?

Lormet Community's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Lormet Community?

Lormet Community has total capital of $21.68 million. Full information on Lormet Community's financial position is located above.

Who owns Lormet Community?

Credit Unions are owned by their members.

Where are Lormet Community branches located?

See branch locations nearby.

Are Lormet Community ATMs Open 24/7?

Do Lormet Community ATMs accept cash deposits?

Can Lormet Community customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Lormet Community have a mobile app?

Does Lormet Community have mobile deposit?

Does Lormet Community have quick pay?

How can Lormet Community transfer money to other banks or credit unions?

Does Lormet Community report to credit bureaus?

Does Lormet Community use Chexsystems?

Does Lormet Community use Equifax?

What is Lormet Community's toll free phone number?

What is Lormet Community's ACH Routing Number?

What is Lormet Community's SWIFT code?

Where can I find Lormet Community's wire transfer form?

What is the Lormet Community address for deposits?

What Products Does Lormet Community Offer

Does Lormet Community offer mortgages?

Compare mortgage rates here.

Does Lormet Community offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Lormet Community offer auto and RV loans?

Compare auto loan rates here.

Does Lormet Community offer student loans or personal loans?

Compare personal loan rates here.

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