In less than 50
years, the credit union founders’ initial $20 investment has
increased to $105 million in assets. At the end of its first
year of operation, the credit union had 54 members with $343.41
in cash, a share balance of $1,800 and $1,402 in outstanding
loans. The following year, the credit union grew to 124 members
with $9,000 in share balance and $11,556 in loans. Today, School
Employees Lorain County Credit Union has $105 million in assets,
$66 million in loans and 11,700 members