LATVIAN CLEVELAND Credit Union Profile

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LATVIAN CLEVELAND

Charter #62822 | NCUA Region 2 | FISCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (216) 228-1996

Fax: (216) 521-8511

Founding Date: N/A

Website: https://www.latvianclevelandcu.org

Personnel & Operations

President: Celcherts, Andris

Manager: Junge, Robert

FT Employees: 2

PT Employees: 1

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 1

Hours: MONDAY, TUESDAY, WEDNESDAY, FRIDAY 9:00 AM

Credit Union Profile Summary

LATVIAN CLEVELAND is a FISCU Credit Union. With a total of 947 members [1], this institution manages approximately $30,010,439 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 18.63% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -6.16% [1].

Financial Snapshot

Total Assets [1]
$30,010,439

Total economic resources.

Total Loans [1]
$18,319,887

Total value of outstanding loans.

Total Deposits [1]
$24,306,542

Total funds deposited by members.

Members [1]
947

Number of active members.

Performance Ratios

Net Worth Ratio [1]
18.63%

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]
0.53%

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

Loan-to-Share Ratio [1]
75.37%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
↓ -1.82%

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

Loan Growth (4Q) [1]
↓ -6.16%

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

Member Growth (4Q) [1]
↓ -2.87%

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

Headquarters Location & Map

Headquarters Address

1385 ANDREWS AVE

LAKEWOOD, OH, 44107-2405
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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 1 branches reported by LATVIAN CLEVELAND (Charter #62822).

Main Office

Latvian Cleveland Credit Union Main Office

Type: Corporate Office

1385 Andrews Ave

Lakewood, OH 44107-2405

Phone: (216) 228-1996

Services: Member Services

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