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Fasson Employees Credit Union
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Fasson Employees Credit Union Share
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Overview Share
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Fasson Employees Credit Union is a federal credit union based in Painesville, Ohio. It has been opened since 1959, for 63 years.

With around $12,160,000 in assets, Fasson Employees Credit Union is considered to be a medium size credit union.

About Share
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Address 250 Chester Street # 1-E
Painesville, Ohio 44077
Website http://www.fassoncreditunion.com
Phone (440) 358-2100
Fax (440) 358-2102
CEO Laurie J. Hall
President of the Board James Muscato
Services Offered
Score Card Share
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63 years
Years in business
Opened in 1959
Well Capitalized
Net worth classification
Source: NCUA
1,428 members
Membership type: Manufacturing – all other
Below average number of members
476:1
Credit union member to staff ratio
476 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$12,161,511
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Ohio
Average number of branches
0.50%
Savings interest rate
Compared to 0.3% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 3 in Ohio
Average number of branches
Fasson Employees Credit Union Branch Locations

Fasson Employees Credit Union: Main
250 Chester Street # 1-E
Painesville, Ohio 44077
No ATM
Members Share
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1,428 members
Membership type: Manufacturing – all other
Below average number of members

With 1,428 members, the Fasson Employees Credit Union is considered to be a small credit union. It is smaller than 73% of credit unions.

Fees Share
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$7
Average fee per member
The average fee per member at the Fasson Employees Credit Union is $7, which is very low compared to most credit unions. This rate is lower than 85% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Fasson Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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476:1
Credit union member to staff ratio
476 per each FTE employee
Compared to 411:1 nationally
Fewer staff
3 staff members
FTE (full-time equivalent)
50% of employees are part-time
2 full-time, 2 part-time

Fasson Employees Credit Union has 2 full-time staff members and 2 part-time staff members. The staff is comprised of part-time and full-time staff, with part-time staff approximately 50% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Fasson Employees Credit Union has around 476 members per staff, a higher ratio compared to other credit unions.

Assets Share
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$12,161,511
Total assets
Below average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
19.6%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$8,194
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 68% of credit unions.

Fasson Employees Credit Union holds a total of $3,500,000 in loans and leases, which is about $8,194 per member on average.

Savings interest rate Share
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0.50%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Fasson Employees Credit Union pays 0.50%.

Loan rates Share
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10.99%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.99%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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3.50%
New car loan rate
Compared to 4.0% nationally
4.50%
Used car loan rate
Compared to 5.2% nationally

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