TellerScore

Theory Federal Credit Union (NCUA charter #24545) is based in Painesville, Ohio. Its Q2 2026 call report shows $38.4M in total assets and $36.0M in member shares and deposits and 3 offices.

Based on its Q2 2026 filing, Theory Federal Credit Union scores 46/100, which we describe as below average. That is higher than only 6% of 2,479 credit unions with under $100 million in assets. Among 192 credit unions headquartered in Ohio, it ranks 184th. Its strongest component is funding & liquidity (100/100; 53% loans-to-deposits, 0% uninsured), and its lowest is earnings (24/100; 0.10%).

TellerScore · Q2 2026

Scorecard

Capital cushion37/100
Net worth ratio: 8.65%
Loan quality30/100
Loans 60+ days delinquent ÷ total loans: 2.11%
Earnings24/100
Return on assets (annualized): 0.10%
Funding & liquidity100/100
Loans ÷ shares: 53.5% · 0.1% uninsured
Problem-loan coverage76/100
Delinquent loans + foreclosed assets ÷ (net worth + loan-loss reserves): 12.20%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score rose 3 points (43 → 46), mostly because the loan quality component improved by 30 points.

TellerScore
435057Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202454
Q3 202451
Q4 202457
Q1 202557
Q2 202543
Q3 202550
Q4 202547
Q1 202657
Q2 202646
Net worth ratio
7.00%7.88%8.76%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNet worth ratio
Q2 20248.74%
Q3 20248.75%
Q4 20248.76%
Q1 20258.71%
Q2 20258.55%
Q3 20258.71%
Q4 20258.72%
Q1 20268.36%
Q2 20268.65%
Delinquent loans (60+ days)
0.78%1.92%3.06%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterDelinquent loans (60+ days)
Q2 20241.70%
Q3 20242.00%
Q4 20241.42%
Q1 20251.65%
Q2 20253.06%
Q3 20252.29%
Q4 20252.50%
Q1 20260.78%
Q2 20262.11%
Return on assets
0.10%0.55%1.01%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.75%
Q3 20240.67%
Q4 20240.69%
Q1 20251.01%
Q2 20250.85%
Q3 20250.84%
Q4 20250.71%
Q1 20260.11%
Q2 20260.10%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202646$38.4M8.65%2.11%0.10%53.5%
Q1 202657$39.0M8.36%0.78%0.11%51.8%
Q4 202547$37.3M8.72%2.50%0.71%54.8%
Q3 202550$37.1M8.71%2.29%0.84%54.8%
Q2 202543$37.0M8.55%3.06%0.85%52.6%
Q1 202557$35.4M8.71%1.65%1.01%55.0%
Q4 202457$34.2M8.76%1.42%0.69%57.5%
Q3 202451$33.5M8.75%2.00%0.67%60.5%
Q2 202454$33.1M8.74%1.70%0.75%60.1%

2,479 peers · Under $100 million in assets

How it compares with peers

Percentile against credit unions of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio8.65%
7th
Problem loans2.11%
19th
Net charge-offs1.19%
11th
Return on assets0.10%
23rd
Loans to deposits53.5%
58th
Uninsured deposits0.1%
62nd
Loan-loss reserves0.00%
37th
Texas ratio12.2%
10th

Similar-size credit unions in Ohio

InstitutionScoreAssetsCapitalProblem loansCompare
Members Choice Credit UnionCredit union Greenville, OH92 out of 100, Very strong$38.9M17.9%0.44%vs
Materion Federal Credit UnionCredit union Elmore, OH87 out of 100, Very strong$38.9M14.7%0.00%vs
Chivaho Federal Credit UnionCredit union Chillicothe, OH84 out of 100, Strong$37.7M13.9%0.27%vs
Softite Community Federal Credit UnionCredit union Martins Ferry, OH73 out of 100, Strong$37.6M15.7%2.91%vs
Erie Community Federal Credit UnionCredit union Sandusky, OH53 out of 100, Below average$39.9M8.4%2.02%vs
Wiremen'S Credit UnionCredit union Parma, OH92 out of 100, Very strong$40.6M17.0%0.11%vs

Deposit insurance

Is my money safe at Theory Federal Credit Union?

Yes. Theory Federal Credit Union is a federally insured credit union (NCUA charter #24545). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.

An estimated 0.1% of shares and deposits ($23K) are above the $250,000 NCUA insurance limit, close to the peer median of 1%. Insured balances are protected regardless of the score.

The net worth ratio is 8.65%, slightly above the 7% level regulators use as the "well capitalized" benchmark for this measure.

Check how much of your own balance is covered

3 locations

Branches

Theory Federal Credit Union lists 3 offices in 3 cities. Most locations:

All branch addresses and map

Identity & history

Profile

Legal name
Theory Federal Credit Union
Type
Federal credit union
NCUA charter #
24545
RSSD ID
203098
Primary regulator
NCUA
Established
1995
Headquarters
1595 Mentor Ave, Painesville, OH 44077
Employees
13

Quick answers

Theory Federal Credit Union: common questions

Is Theory Federal Credit Union NCUA insured?

Yes. Theory Federal Credit Union is a federally insured credit union (NCUA charter #24545). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.

What is Theory Federal Credit Union's TellerScore?

46 out of 100 (Below average), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

How many branches does Theory Federal Credit Union have?

3 offices as of the latest NCUA data.

Nearby

Highest-scoring banks and credit unions with branches near Painesville

InstitutionScoreAssetsCapitalProblem loansCompare
Acme Federal Credit UnionCredit union Eastlake, OH88 out of 100, Very strong$15.2M18.9%0.18%vs
Fasson Employees Federal Credit UnionCredit union Painesville, OH87 out of 100, Very strong$14.1M20.6%0.42%vs
Lakeview Federal Credit UnionCredit union Ashtabula, OH85 out of 100, Very strong$155.1M13.0%0.26%vs
Painesville Credit UnionCredit union Painesville, OH83 out of 100, Strong$48.7M15.4%0.32%vs
Oc Federal Credit UnionCredit union Garfield Hts, OH81 out of 100, Strong$314.9M13.5%0.17%vs
St. Paschal Baylons Federal Credit UnionCredit union Highland Height, OH79 out of 100, Strong$5.9M12.7%0.00%vs