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Lake County Educational Federal Credit Union

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Lake County Educational Federal Credit Union Rates & Review April 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Lake County Educational Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: April 23, 2026

You can compare Lake County Educational Federal Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 0.70%, 6-month share certificate rates at 3.70% and 3-month share certificate rates at 3.50%. Savings rates are at 1.50% and money market rates are at 2.00%. Mortgage rates on 30-year fixed loans are around 6.09%. All these rates can be compared to Lake County Educational Federal Credit Union rates. MonitorBankRates evaluates the financial stability of Lake County Educational Federal Credit Union with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 13.50%. Rates were last updated on 04/23/2026.

Lake County Educational Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Lake County Educational Federal Credit Union? Share your experience about Lake County Educational Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Lake County Educational Federal Credit Union.

Overall Health & Safety Grade

Excellent Health Score: 93/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

13.50%

Excellent Higher than avg

Lake County Educational Federal Credit Union
Theory FCU

1595 Mentor Ave
Painesville, OH 44077

https://www.lakecountyedufcu.org

Current Rate Availability

We do not have Lake County Educational Federal Credit Union rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Lake County Educational Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Lake County Educational Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Lake County Educational Federal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Lake County Educational Federal Credit Union

Website https://www.lakecountyedufcu.org

Address 1595 Mentor Ave, Painesville, OH 44077

Phone 440-352-4732

Fax 440-352-3732

President Mary Ann Bittner

CEO Miranda McConoughey

Full-Time Employees 8

Part-Time Employees 3

Branch Locations 3

ATM Locations 0

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A (93/100)

Texas Ratio

13.50%

Return on Assets (ROA)

0.6324%

Return on Equity (ROE)

7.2576%

Non-Performing Loans Ratio (NPL)

2.29%

Total Assets

37,079,884

Total Amount of Shares and Deposits

34,726,103

Total Shares and Deposits < 1 Year

34,722,772

Total Shares and Deposits 1 3 Years

3,331

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

86,955

Total Uninsured Shares and Deposits > $250K (F+J)

86,955

Total Insured Shares and Deposits > $250K (item 17 less item K)

34,639,148

Total Interest Expense (Sum of items 6 8)

111,998

Share Certificates

123

Number of Accounts for Share Drafts

2,213

Number of Accounts for Regular Shares

4,185

Money Market Shares

Net Income (unless the amount is already included in Undivided Earnings)

234,501

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

3,158,495

Total Liabilities

34,905,600

Source: NCUA — Last Updated 09/30/2025

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Frequently Asked Questions About Lake County Educational Federal Credit Union

Is Lake County Educational Federal Credit Union a safe place to deposit money?

Yes, Lake County Educational Federal Credit Union is considered a safe financial institution. With a Texas Ratio of 13.500867816988%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

How many branches does Lake County Educational Federal Credit Union operate?

Lake County Educational Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Lake County Educational Federal Credit Union?

Yes, to access services at Lake County Educational Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Lake County Educational Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Lake County Educational Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Lake County Educational Federal Credit Union offer online and mobile banking?

Most modern institutions like Lake County Educational Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.lakecountyedufcu.org.