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Toledo Metro Credit Union

Overview
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Toledo Metro Credit Union is a federal credit union based in Toledo, Ohio. It has been opened since 1954, for 66 years.

With around $47,520,000 in assets, Toledo Metro Credit Union is considered to be an average size credit union. It has 1 branches and 1 ATM locations.

About
Address 1212 Adams Street
Toledo, Ohio 43604
Website http://www.toledometro.com
Phone (419) 242-4926
Fax (419) 242-8550
CEO Daniel Zimolzak
President of the Board David Kovacs
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Adequately Capitalized
Net worth classification
Source: NCUA
6,501 members
Membership type: Community credit union
Above average number of members
406:1
Credit union member to staff ratio
406 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$47,520,036
Total assets
Average size
1 branch
Compared with an average of 4 nationally and 3 in Ohio
Average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
11.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Ohio
Average number of branches
Toledo Metro Credit Union Branch Locations

Toledo Metro Federal Credit Union
1212 Adams Street
Toledo, Ohio 43604
ATM Available
Members
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6,501 members
Membership type: Community credit union
Above average number of members

With 6,501 members, the Toledo Metro Credit Union is considered to be a large credit union. It is larger than 62% of credit unions.

Fees
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$77
Average fee per member
The average fee per member at the Toledo Metro Credit Union is $77, which is high compared to most credit unions. This rate is higher than 72% 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 Toledo Metro Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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406:1
Credit union member to staff ratio
406 per each FTE employee
Compared to 411:1 nationally
Fewer staff
16 staff members
FTE (full-time equivalent)
0% of employees are part-time
16 full-time, 0 part-time

Toledo Metro Credit Union has 16 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Toledo Metro Credit Union has around 406 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$47,520,036
Total assets
Average size
Net worth
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Adequately Capitalized
Net worth classification
Source: NCUA
An adequately capitalized credit union has a net worth ratio between 6% and 7% and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
6.7%
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
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$6,849
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 79% of credit unions.

Toledo Metro Credit Union holds a total of $34,590,000 in loans and leases, which is about $6,849 per member on average.

Savings interest rate
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0.15%
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. Toledo Metro Credit Union pays 0.15%.

Loan rates
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11.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.91%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.98%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.97%
New car loan rate
Compared to 4.0% nationally
5.82%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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7.11%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
3.79%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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