Lormet Community Credit Union Elyria OH | Best Auto Loans & ATM Services

Introduction

Welcome to Lormet Community, your trusted partner in financial growth and stability since 1936. Located at 230 E Broad St, Elyria, OH 44035, we are proud to serve a vibrant community with a commitment to personalized service and financial well-being. With over 19,584 members and total assets reaching an impressive $252,282,761, our credit union stands as a beacon of support for individuals and families alike. At Lormet Community, we understand that every member's journey is unique. That's why we offer tailored solutions that range from personal banking services like checking and savings accounts to auto loans and mortgage options. Our dedication is reflected in our robust lending portfolio, which includes over 10,424 loans designed to meet the diverse needs of our members. While you can visit us at our branch on East Broad Street for all your banking needs, if you need to send official correspondence, please use our mailing address: 230 E Broad St, Elyria, OH 44035-6432. We have established a strong foundation built on trust and transparency qualities that resonate through our leadership led by CEO Daniel Cwalina and Board President Victoria Lesner. Our staff of 41 employees is committed to providing exceptional service, ensuring that your financial questions are answered promptly. With significant cash reserves of $2,239,940 on hand and net worth standing at $30,946,958, we are positioned to offer you secure and reliable financial services. Join us today at Lormet Community where your financial future is our priority! Whether you're looking to open an account or explore loan options, we're here to help. Feel free to call us at 440-322-2620 or visit our website at http://www.lormet.com for more information. Let's build a brighter future together!

Branch History & Mission

Community Impact

Lormet Community is not just a credit union; we are an active participant in local initiatives and outreach programs. We partner with various organizations to provide resources and support for families in need, helping to strengthen the fabric of our community. Our branch features ATM availability and drive-thru banking services for added convenience. We also embrace modern technology with online banking options that include mobile payments and electronic statements ensuring that managing finances is simple and accessible for everyone. As we look toward the future, we invite you to join Lormet Community. Experience firsthand how being part of our credit union can lead to better financial choices and a stronger community connection. Together, let's build a brighter tomorrow! For more information or to become a member today, call us at 440-322-2620 or visit us online at lormet.com.

Our Mission

At the heart of Lormet Community is a mission to empower our members through accessible financial solutions and community support. We believe in fostering a sense of belonging and trust among our members while promoting financial literacy and stability. Our mission goes beyond transactions; it's about building relationships that last a lifetime. While members can visit us at 230 E Broad St, official correspondence should be sent to 230 E Broad St, Elyria, OH 44035-6432 if needed. Our operating hours are designed for your convenience: Monday through Thursday from 9:00 AM to 5:00 PM, Friday from 9:00 AM to 5:30 PM, and Saturday from 9:00 AM to 1:00 PM.

Branch Location & Accessibility

Accessibility Features

Our branch is designed with accessibility in mind, featuring ADA-compliant entrances and ramps to ensure everyone can access our services comfortably. Plus, we offer ample parking for our members right outside the building.

Get In Touch

Ready to experience personalized service? Give us a call at 440-322-2620 or stop by today! We look forward to serving you and helping you achieve your financial goals right here at Lormet Community in Elyria.

Operating Hours

We understand that life gets busy! That's why we offer flexible hours to fit your schedule. You can visit us Monday through Thursday from 9:00 AM to 5:00 PM, Friday from 9:00 AM to 5:30 PM, and Saturday from 9:00 AM to 1:00 PM. Whether you're stopping by during your lunch break or running errands on the weekend, we're here to help.

Services Offered

At Lormet Community, we pride ourselves on providing a range of banking services tailored to meet your needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, our team is ready to assist you. We also have a drive-thru service available for quick transactions like deposits and withdrawals. And if you're in need of cash, our ATM services are readily available.

Member Eligibility

At Lormet Community, we believe that everyone deserves a chance to be part of something special. If you're looking to join our friendly community, you'll be glad to know that membership is open to anyone who lives, works, worships, or attends school in Lorain County. It's really that simple! Plus, being a member comes with wonderful benefits like competitive loan rates and personalized service that makes you feel valued. To get started on your journey with us, just check out the details on eligibility at this link. Once you're ready, applying for an account is straightforward; you can find all the information you need at this page. If you have any questions or need assistance, don't hesitate to reach out at 440-322-2620. We can't wait to welcome you to Lormet Community at 230 E Broad St Elyria Oh 44035!

Business Banking & Commercial Services

Financing Options for Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Make Sense

Beyond loans, we offer merchant services that simplify transactions and help manage your cash flow effectively. Imagine a local café using our services to accept payments seamlessly, making it easier for customers to enjoy their favorite brews while ensuring you get paid promptly. Visit us at 230 E Broad St Elyria Oh 44035 in Elyria, OH, or call us at (440) 322-2620 to explore how we can support your business journey today!

Comprehensive List Of Services

Business Banking Services

Running a business comes with its own set of challenges, and we're here to support you every step of the way. Our business banking services include merchant services that enable you to accept payments easily and business loans that can help you invest in growth opportunities.

Digital Banking Convenience

In today's fast-paced world, having access to your finances anytime is essential. That's why Lormet Community offers robust online and mobile banking features. You can manage your accounts from anywhere whether it's paying bills, transferring funds, or checking balances all at your fingertips. With ATM access available for quick cash withdrawals and basic transactions, banking has never been easier.

Drive-Thru & In-Branch Services

For those who prefer face-to-face interactions, our branch located at 230 E Broad St Elyria Oh 44035 in Elyria, OH is ready to assist you. We offer drive-thru services for deposits, withdrawals, and other simple transactions without leaving your vehicle. Our friendly staff is dedicated to providing personalized service during lobby hours: Monday through Thursday from 9:00 AM to 5:00 PM, Friday until 5:30 PM, and Saturday mornings until 1:00 PM. If you're interested in learning more about any of our services or have questions about how we can help you reach your financial goals, don't hesitate to contact us at (440) 322-2620. Join us at Lormet Community, where your financial success is our priority!

Personal Banking Solutions

Managing your money should be straightforward and convenient. That's why at Lormet Community, we provide a variety of personal banking options. You can open checking and savings accounts tailored to your lifestyle, making it easy to handle everyday expenses and save for future aspirations. If you need financing for a new car, our auto loans and vehicle financing options come with competitive rates that fit your budget. For those looking to purchase or refinance their home, our mortgage loans are designed to make homeownership accessible. We also offer personal loans for debt consolidation, helping you simplify payments and reduce interest costs. Plus, with our credit cards that come with rewards, you can earn benefits while making everyday purchases.

Digital & Online Banking

Key Features

With our 24/7 online banking services at http://www.lormet.com/ , accessing your accounts is a breeze. Whether you want to check your balance, transfer funds, or pay bills, everything is just a few clicks away. Plus, with e-statements available, you can go green and receive your statements electronically saving paper and making it easier to track your finances. For those on the go, our mobile application offers all these features right in the palm of your hand. You can enjoy the convenience of mobile payments, allowing you to make transactions quickly and securely from your smartphone. And if you ever need to sign documents, our electronic signature authorization feature makes it simple and efficient.

Security and Accessibility

We prioritize your security while providing user-friendly features. Your information is protected through top-notch security measures, so you can bank with peace of mind. Managing your account in real-time means you'll always know where your finances stand. While we currently do not support person-to-person transfers, our comprehensive online services make everyday banking straightforward. Whether you're at home or out running errands, Lormet Community ensures that managing your money is hassle-free. Explore more about what we offer by visiting http://www.lormet.com/ and discover how our digital banking solutions can enhance your financial experience today!

Financial Strength

Commitment to Operational Efficiency

Our operational efficiency is evident with a reported net income of $0, which allows us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 37 full-time employees and 4 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team.

Growing Membership Base

Total Share and Deposit Accounts stand at 30,916, showing a strong and growing member base that trusts us with their finances. This growth reflects our dedication to providing excellent service tailored to your needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Lormet Community is your trusted partner. Visit us at 230 E Broad St Elyria Oh 44035 or call 440-322-2620 to learn more about how we can help you achieve your financial goals.

Investment in Your Future

With $29,810,659 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $48,791,417 in used auto loans and a total of $141,810,843 in loans and leases.

Member-Centric Savings Options

Members' savings are secured through $47,826,901 in share certificates and $4,162,612 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Solid Financial Foundation

With a net worth of $30,946,958, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 1239 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $77,097,417 in used vehicle loans and $51,244,358 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive interest rates that make financing your next vehicle easier than ever.

Credit Lines

Our total credit lines amount to $15,202,419, providing an excellent option for members who want quick access to cash without the hassle of traditional loans. This can be particularly useful for unexpected expenses or planned purchases. At Lormet Community in Elyria, OH (230 E Broad St Elyria Oh 44035), we're here to help you navigate your financial journey. If you're interested in refinancing or would like more information about eligibility options for any of our loan products, don't hesitate to reach out at (440) 322-2620. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Let us assist you in making informed decisions and achieving your financial aspirations!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $6,988,399, make buying or refinancing simple. Our team will work with you to explore your options and find a mortgage solution that fits your budget and lifestyle.

Unsecured Credit Card Loans

For those looking to manage their finances effectively, we also offer flexible terms on unsecured credit card loans. With a total of $2,125,554 in loans available, you can enjoy peace of mind knowing that you have access to funds when you need them.

Loan Aggregator

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LORMET COMMUNITY FEDERAL CREDIT UNION - Elyria, OH