Mission Statement

L.C.E. Federal Credit Union is a convenient full service financial institution with broad financial services that provides a safe haven for its membership, offering competitive rates with innovation, steady growth, promoting personal, friendly, family service.

Assets - $31 Million

Members – 5,400 and growing

Cooperative – Our members are our only owners

Democratic – Volunteer board of directors elected by our members

Not-for-profit – Better rates and fewer fees

Eligibility – Employees and their immediate family members of our select employee groups

L.C.E. Federal Credit Union was chartered in July of 1960 as a non-profit organization in Painesville, Ohio. It was established to serve the employees of Lake County and their immediate family members. The credit union originally had one employee and served less than one hundred members. Over the last forty-five years we have consistently added new membership groups. We currently have two branches and eleven employees which serve approximately 5,400 members within 75 select employee groups. We are solely owned and operated by our members, under the direction of a voluntary, seven-member Board of Directors. While the Board oversees and guides the operating activities of the credit union, it is the experienced, caring staff that oversees the daily operations.

Credit unions, like other financial institutions, are closely regulated and operate in a very prudent manner. The National Credit Union Share Insurance Fund (NCUSIF), administered by the National Credit Union Administration, an agency of the federal government, insures deposits of credit union members at more than 9,000 federal and state-chartered credit unions nationwide. Deposits are insured up to $250,000.

BOARD OF DIRECTORS:

L.C.E. Federal Credit Union is governed by a Board of Directors that establishes and reviews policy.  The directors are credit union members who are elected by the membership and serve on a volunteer basis.  Every member has one vote, regardless of how much he or she has on deposit.  At LCEFCU, there is no select group of shareholders that profits more than anyone else.  All members profit, individually and collectively.

Board of Directors

Dale Flood, President
Tom Walsh
Barry Spring, Treasurer
Gerald Walker, Secretary
Tony Giza
Steven Karns
Janet Clair 

Anita Walters, CEO