Credit union · NCUA insured
Theory Federal Credit Union
A $39M credit union headquartered in Painesville, OH, with 3,515 members and 3 branches in Ohio. Best rates: CDs 3.55% and savings 0.50% APY.
Theory Federal Credit Union Carrot Score
78
Carrot Score
Higher than 47% of U.S. banks and credit unions
#26 of 60 in Cleveland, OH metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Theory Federal Credit Union
- Headquarters
- 1595 Mentor Ave, Painesville, OH 44077
- NCUA charter
- 24545
Branches
3 branches in Ohio
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Ohio
3 branches
- Theory FCUMain office1595 Mentor Ave, Painesville, OH 44077Directions
- Madison High School branch3100 Burns Rd, Madison, OH 44057Directions
- North Olmsted Office30129 Lorain Rd, North Olmsted, OH 44070Directions
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 | 8.65% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 2.11% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.10% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $53 | $59 | — |
- CapitalNet worth ratio8.65%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late2.11%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.10%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$53Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million 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 Theory Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.