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 25,000 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:  June 30, 2010
TOTAL LOANS	133,201,011.68
TOTAL INVESTMENTS	34,720,978.27
TOTAL ASSETS	181,042,618.86
TOTAL REG SHARES	85,544,390.03
TOTAL IRA CERTIFICATES	20,215,873.61
TOTAL CERTIFICATES	56,032,305.83
TOTAL ALL SHARES	161,792,569.47
TOTAL LIABILITIES & EQUITY	181,042,618.86
MEMBERS	25,260