LORMET COMMUNITY Credit Union Profile

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LORMET COMMUNITY

Charter #24637 | NCUA Region 2 | FCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (440) 960-6600

Fax: (440) 960-6640

Founding Date: N/A

Website: http://www.lormet.com

Personnel & Operations

President: Lesner, Victoria

Manager: Cwalina, Daniel

FT Employees: 37

PT Employees: 5

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 00

Branches: 4

Hours: Monday-Thursday 9:00-5:00 Friday 9:00-5:30

Credit Union Profile Summary

LORMET COMMUNITY is a FCU Credit Union. With a total of 19,374 members [1], this institution manages approximately $268,283,745 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 13.05% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -1.03% [1].

Financial Snapshot

Total Assets [1]
$268,283,745

Total economic resources.

Total Loans [1]
$141,163,223

Total value of outstanding loans.

Total Deposits [1]
$234,108,831

Total funds deposited by members.

Members [1]
19,374

Number of active members.

Performance Ratios

Net Worth Ratio [1]
13.05%

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]
1.58%

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

Loan-to-Share Ratio [1]
60.30%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 6.97%

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

Loan Growth (4Q) [1]
↓ -1.03%

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

Member Growth (4Q) [1]
↓ -1.42%

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

Headquarters Location & Map

Headquarters Address

2051 Cooper Foster Park Rd

Amherst, OH, 44001-1208
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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 4 branches reported by LORMET COMMUNITY (Charter #24637).

Main Office

Amherst Main Main Office

Type: Corporate Office

2051 Cooper Foster Park Rd

Amherst, OH 44001-1208

Phone: (440) 960-6600

Services: Member Services, ATM, Drive-Thru

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Additional Branches

Avon Lake

Avon Lake

Type: Branch Office

586 Moore Rd

Avon Lake, OH 44012-2313

Phone: (440) 933-3181

Services: Member Services, ATM, Drive-Thru

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Elyria

East Broad Street

Type: Branch Office

230 E Broad St

Elyria, OH 44035-6432

Phone: (440) 322-2620

Services: Member Services, ATM, Drive-Thru

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Wellington

Wellington

Type: Branch Office

216 N Main St

Wellington, OH 44090

Phone: (440) 647-1999

Services: Member Services, ATM, Drive-Thru

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