Edco Credit Union

About Edco Credit Union

Edco Credit Union Location

1165 North Ridge Road E
Lorain, OH 44055

Phone: (440) 984-4878
Website: www.edcocu.org
Routing/Transit Number: Not Available

Edco Credit Union Information

Edco Credit Union of Lorain, OH is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 1610 members and assets of $8,545,425, as compared to the national average of $93 million dollars of assets per credit union. Edco Credit Union, first opened in 1937 and has been in operation since then. Additionally, Edco Credit Union has 6 full time employees and 3 part time employees, or 178.888888889 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Edco Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Edco Credit Union is a not-for-profit, cooperative, tax-exempt organization.