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Ohio Educational Credit Union Share
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Overview Share
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Ohio Educational Credit Union is a non-federally insured state credit union based in Cleveland, Ohio. It has been opened since 1900, for 122 years.

With around $123,630,000 in assets, Ohio Educational Credit Union is considered to be a large credit union. It has 4 branches and 4 ATM locations.

About Share
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Address P.O. Box 93079
Cleveland, Ohio 44101
Website http://ohecu.com
Phone (216) 621-6296
Fax (216) 621-7150
CEO Jerome R. Valco
President of the Board Tony Smith
Services Offered
Score Card Share
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122 years
Years in business
Opened in 1900
Well Capitalized
Net worth classification
Source: NCUA
17,036 members
Membership type: State chartered natural person credit union
Above average number of members
351:1
Credit union member to staff ratio
351 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$123,631,165
Total assets
Above average
4 branches
Compared with an average of 4 nationally and 3 in Ohio
Above average number of branches
0.02%
Savings interest rate
Compared to 0.3% nationally
9.25%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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4 branches
Compared with an average of 4 nationally and 3 in Ohio
Above average number of branches
Ohio Educational Credit Union Branch Locations

Ohio Educational Credit Union: Cleveland Branch
2921 Community College Avenue
Cleveland, Ohio 44115
ATM Available
Ohio Educational Credit Union: Administrative Office
4141 Rockside Road Suite 400
Seven Hills, Ohio 44131
No ATM
Ohio Educational Credit Union: Zanesville
905 Zane Street Suite 1
First Floor
Zanesville, Ohio 43701
ATM Available
Ohio Educational Credit Union: Lakewood
17526 Madison Avenue
Lakewood, Ohio 44107
ATM Available
Ohio Educational Credit Union: Oberlin
55 E. College Street
Unit 2
Oberlin, Ohio 44074
ATM Available
Members Share
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17,036 members
Membership type: State chartered natural person credit union
Above average number of members

With 17,036 members, the Ohio Educational Credit Union is considered to be a large credit union. It is larger than 79% of credit unions.

Fees Share
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$137
Average fee per member
The average fee per member at the Ohio Educational Credit Union is $137, which is very high compared to most credit unions. This rate is higher than 94% of all credit unions.
Fees are higher 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 Ohio Educational Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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351:1
Credit union member to staff ratio
351 per each FTE employee
Compared to 411:1 nationally
Average number of staff
48 staff members
FTE (full-time equivalent)
2% of employees are part-time
48 full-time, 1 part-time

Ohio Educational Credit Union has 48 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 98% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Ohio Educational Credit Union has around 351 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets Share
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$123,631,165
Total assets
Above 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.
7.7%
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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$13,050
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 71% of credit unions.

Ohio Educational Credit Union holds a total of $99,000,000 in loans and leases, which is about $13,050 per member on average.

Savings interest rate Share
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0.02%
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. Ohio Educational Credit Union pays 0.02%.

Loan rates Share
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9.25%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
7.99%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.25%
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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3.49%
New car loan rate
Compared to 4.0% nationally
3.49%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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5.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.25%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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Ohio Educational Credit Union: Zanesville ATM
Credit Union ATM: 905 Zane Street Suite 1
First Floor
Zanesville, Ohio 43701
Ohio Educational Credit Union: Cleveland Branch
Credit Union Branch: 2921 Community College Avenue
Cleveland, Ohio 44115 ATM Available
Ohio Educational Credit Union: Lakewood ATM
Credit Union ATM: 17526 Madison Avenue
Lakewood, Ohio 44107
Ohio Educational Credit Union
Credit Union: Well Capitalized Cleveland, Ohio 17036.0 $124 million Well Capitalized
Ohio Educational Credit Union: Cleveland Branch ATM
Credit Union ATM: 2921 Community College Avenue
Cleveland, Ohio 44115
Ohio Educational Credit Union: Lakewood
Credit Union Branch: 17526 Madison Avenue
Lakewood, Ohio 44107 ATM Available
Ohio Educational Credit Union: Oberlin ATM
Credit Union ATM: 55 E. College Street
Unit 2
Oberlin, Ohio 44074
Ohio Educational Credit Union: Administrative Office
Credit Union Branch: 4141 Rockside Road Suite 400
Seven Hills, Ohio 44131 No ATM
Ohio Educational Credit Union: Oberlin
Credit Union Branch: 55 E. College Street
Unit 2
Oberlin, Ohio 44074 ATM Available
Ohio Educational Credit Union: Zanesville
Credit Union Branch: 905 Zane Street Suite 1
First Floor
Zanesville, Ohio 43701 ATM Available