Sep, 30, 2025 — LORMET COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in AMHERST, OH with 4 branch locations and about $271.61 million in total assets. Opened 90 years ago in 1936, LORMET COMMUNITY FEDERAL CREDIT UNION has about 19,391 members and employs 40 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LORMET COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2051 Cooper Foster Park Rd AMHERST, OH 44001-1208 |
| Phone: | (440) 960-6600 |
| Fax: | (440) 960-6640 |
| Website: | https://www.lormet.com |
| Branches: | 4 branch locations |
| Members: | 19,391 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24637 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $271,610,905 |
| CEO/Manager: | Daniel R Cwalina |
| Chairperson: | Victoria Lesner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,019,370 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,244,539 |
| Unsecured Loans | 4,023,315 |
| Other Loans | 130,118,290 |
| TOTAL LOANS | 142,386,144 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -380,382 |
| Land And Building | 5,360,543 |
| Other Fixed Assets | 564,065 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,170,736 |
| All Other Assets | 0 |
| TOTAL ASSETS | 271,610,905 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 449,682 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,280,326 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 36,814,476 |
| Regular shares | 122,549,204 |
| All Other Shares & Deposits | 76,407,591 |
| TOTAL SHARES & DEPOSITS | 235,771,271 |
| TOTAL LIABILITIES | 237,501,279 |
| Regular Reserve | 0 |
| Other Reserves | 182,130 |
| Undivided Earnings | 33,927,496 |
| TOTAL EQUITY | 34,109,626 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 271,610,905 |
| INCOME & EXPENSE | |
| Loan Income | 5,020,784 |
| Investment Income | 3,321,785 |
| Other Income | 874,147 |
| Total Employee Compensation & Benefits | 2,543,085 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,387,562 |
| Non-operating Income & (Expense) | 533 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 58,826 |
| Cost of Funds | 1,750,854 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,221,345 |
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