About Us

Firelands Federal Credit Union had its humble beginnings at the railroad in 1955, when seven Nickel Plate employees joined together to form a financial savings club. Each of them put in $5-$10 and they applied for a charter from the federal government. Chartered in 1957, Firelands Federal Credit Union presently serves over 24,000 members. During its first 15 years, the credit union was open only to railroad employees, but in 1970, opened its membership to include anyone who lives or works in the community.

Because the members own the credit union, the earnings on the credit union's business activities are returned to the member-owner in the form of higher earnings on savings, lower rates on loans and a wide range of related financial services at the lowest possible cost.

 

Financial Status
For The Period Ending:  February 28, 2010
TOTAL LOANS	132,326,948
TOTAL INVESTMENTS	35,075,605
TOTAL ASSETS	178,877,803
TOTAL REG SHARES	82,986,290
TOTAL IRA CERTIFICATES	19,197,982
TOTAL CERTIFICATES	54,986,347
TOTAL ALL SHARES	157,170,621
TOTAL LIABILITIES & EQUITY	178,877,803
MEMBERS	24,860