![]() Find related and similar companies as well. The combined credit union now has just shy of $240 million in total assets and 30,000 members with a footprint that comprises Mahoning, Lake, Cuyahoga, Geauga, Ashtabula, Portage, Summit and Columbiana counties. View Cardinal Credit Union () location in Ohio, United States, revenue, industry and description. "Trying to survive in a low-economic rate environment, not having the abilities these services and having added expenses, as a credit union, you can see where that is going to lead," she said. Notably, there has been an uptick in credit union mergers so far this year because of those very challenges, according to the Credit Union Times, and that trend is expected to continue. Cardinal Credit Union was selected by The Cleveland Plain Dealer as a Top Work Places and one of the Best Workplaces in Ohio. Learn more about this bank location and find other branches in your. Merging was the path for future viability, Blake said, in the face of aggressive competition, compliance mandates and the necessity for growth. Cardinal Credit Union, Inc.: Main Office is located at 8500 Westport Dr, Mentor, OH. ![]() Some of the services the other credit unions will enjoy as part of Cardinal include online banking, a mobile application and remote deposit capture, in addition to a shared branching network. The ongoing costs of compliance, technology and service compounded by a low-interest rate environment is making it tough to grow margins for all banks in today's market, and not-for-profit, member-owned credit unions are finding the climate particularly challenging.Īll these credit unions have been in a partnership for some time, and merging has been discussed for about the past year, said Cardinal CEO Christine Blake. We were initially organized in 1953 to serve the employees of the. The three Mahoning County credit unions that have merged with Cardinal are Edison Financial Credit Union, Tri-County Credit Union and Youngstown Ohio City Employees Credit Union. Cardinal Credit Union has been providing financial services to employees of various companies and organizations in the Mentor/Cleveland area for more than half a century. ![]() Cardinal Credit Union announced that three other Northeast Ohio credit unions have merged with the not-for-profit institution, growing both Cardinals' membership and total assets, now at $239 million, by about 30%. Cardinal Credit Union Banks/Credit Unions. Mentor, Ohio-based Cardinal Credit Union went live on the MDT platform in early May and since converting, the credit union has enjoyed more widespread.
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