THEORY Credit Union Profile

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THEORY

Charter #24545 | NCUA Region 2 | FCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (440) 352-4732

Fax: (440) 352-3732

Founding Date: N/A

Website: https://www.theoryfcu.org

Personnel & Operations

President: Bittner, Mary Ann

Manager: McConoughey, Miranda

FT Employees: 8

PT Employees: 3

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 34

Branches: 3

Hours: MONDAY, TUESDAY & THURSDAY - 10:00AM TO 5

Credit Union Profile Summary

THEORY is a FCU Credit Union. With a total of 3,456 members [1], this institution manages approximately $37,006,664 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 8.55% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -3.23% [1].

Financial Snapshot

Total Assets [1]
$37,006,664

Total economic resources.

Total Loans [1]
$18,388,762

Total value of outstanding loans.

Total Deposits [1]
$34,938,944

Total funds deposited by members.

Members [1]
3,456

Number of active members.

Performance Ratios

Net Worth Ratio [1]
8.55%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.88%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
52.63%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 11.91%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -3.23%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↑ 1.23%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

1595 MENTOR AVE

PAINESVILLE, OH, 44077
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 3 branches reported by THEORY (Charter #24545).

Main Office

Lake County Educational FCU Main Office

Type: Corporate Office

1595 Mentor Ave

Painesville, OH 44077

Phone: (440) 352-4732

Services: Member Services, Drive-Thru

Open in Directions

Additional Branches

Madison

Madison High School branch

Type: Branch Office

3100 Burns Rd

Madison, OH 44057

Phone: (440) 428-2161

Services: Member Services

Open in Directions

North Olmsted

North Olmsted Office

Type: Branch Office

30129 Lorain Rd

North Olmsted, OH 44070

Phone: (440) 777-2009

Services: Member Services

Open in Directions