GROhio Community CU
April 24, 2014
This credit union's dedication to meeting its members�� needs is evident. They routinely look beyond a credit score, approving loans for members who banks turn away. Believing in a duty to assist underserved members, 45% of GROhio Community CU��s loans are ��D�� and ��E�� paper, yet net charge-offs are less than 1%. The Mansfield credit union also repairs, details, and sells repossessed vehicles to members at 2% APR, rather than auctioning the vehicle. Through this practice the credit union recovers 80-95% of the retail price and provides members an affordable way to purchase a vehicle. Auto dealerships and area banks regularly send customers to GROhio Community CU that they can��t help.� � One couple who had fallen on hard times due to a house fire and medical bills was in collections and desperate for a small dollar loan to start over. Banks in town saw low credit scores; CEO Jeff Green saw a family in need, and a willingness to repay. The loan was approved and the family left in tears.