Credit union · NCUA insured
LorMet
A $280.9M credit union headquartered in Amherst, OH, with 19,025 members and 4 branches in Ohio. Best rates: CDs 0.47% and savings 0.25% APY.
LorMet Carrot Score
61
Carrot Score
Higher than 4% of U.S. banks and credit unions
#54 of 60 in Cleveland, OH metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About LorMet
Founded in 1936, LorMet Community Federal Credit Union is a member-owned cooperative serving Lorain County, Bay Village, Rocky River, Westlake, North Olmsted, Olmsted Falls, and Olmsted Township, Ohio.
The credit union received a federal community charter in 2000 and serves as the top auto lender in Lorain County.
- Headquarters
- 2051 Cooper Foster Park Rd, Amherst, OH 44001-1208
- NCUA charter
- 24637
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Anyone who lives in Lorain County or the cities of Bay Village, Rocky River, Westlake, North Olmsted, Olmsted Falls or Township is eligible to join.
- Those who work in Lorain County or the cities of Bay Village, Rocky River, Westlake, North Olmsted, Olmsted Falls or Township are eligible to join.
- Those who worship in Lorain County, Rocky River, Bay Village, Westlake, North Olmsted, Olmsted Falls, or Olmsted Township are eligible to join.
Military, government and schools
- Those who attend school in Lorain County or the cities of Bay Village, Rocky River, Westlake, North Olmsted, Olmsted Falls or Township are eligible to join.
Family and household
- Immediate family members of current LorMet members are eligible to join.
Branches
4 branches in Ohio
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Ohio
4 branches
- Amherst MainMain office2051 Cooper Foster Park Rd, Amherst, OH 44001Directions
- Avon Lake586 Moore Rd, Avon Lake, OH 44012Directions
- East Broad Street230 E Broad St, Elyria, OH 44035Directions
- Wellington216 N Main St, Wellington, OH 44090Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 13.73% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.15% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 1.52% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $57 | $76 | — |
- CapitalNet worth ratio13.73%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.15%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets1.52%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$57Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of LorMet are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.