Sorg Bay West Federal Credit Union Middletown, Ohio
Sorg Bay West Federal Credit Union is a federal credit union headquartered in Middletown, OH, established in 1950 (NCUA charter 6772), and it is regulated and insured by the NCUA. At Q2 2026 it reported 804 members and total assets of $11.6M (down 3.6% from Q2 2025), the 162nd largest of 191 credit unions headquartered in Ohio. Its net worth ratio was 5.00% at Q2 2026, in the undercapitalized band.
Also written as Sorg Bay West FCU
BankRegReports is independent of Sorg Bay West Federal Credit Union and never asks for online banking logins or passwords.
Data as of · sourced from NCUA 5300 call reports. How we update
- Charter
- Federal credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 6772
- Headquarters
- Middletown, OH
- Established
- 1950
- Total assets, Q2 2026
- $11.6M
- Assets vs Q2 2025
- -3.6%
- Members, Q2 2026
- 804
- Net worth ratio, Q2 2026
- 5.00%
- Latest call report
- Q2 2026, NCUA 5300 · Sorg Bay West Federal Credit Union call report
- Asset rank in state
- 162nd of 191 in Ohio
- Routing number
- 242278797
- Branches
- 1
It has 1 fewer member than on June 30, 2025 (-0.1%). Its net worth ratio was down 0.19 percentage points from 5.19% on June 30, 2025. Used vehicle loans are its largest loan category, $4.3M of $8.3M in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 6.08% is above the 0.86% median of the 2,162 credit unions with under $100M in assets for Q2 2026. Its 5.00% net worth ratio is below that band's 14.31% median.
Credit unions similar in size in Ohio
Frequently asked about Sorg Bay West Federal Credit Union
How big is Sorg Bay West Federal Credit Union?
At Q2 2026 it reported total assets of $11.6M and 804 members.
Where is Sorg Bay West Federal Credit Union headquartered?
It is headquartered in Middletown, OH, United States.
When was Sorg Bay West Federal Credit Union founded?
It was established in 1950, per NCUA records.
Is Sorg Bay West Federal Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 6772): member shares are insured by the National Credit Union Share Insurance Fund, run by the NCUA, up to $250,000 per member, per insured credit union, for each account ownership category, the same limit the FDIC applies to bank deposits.
Who regulates Sorg Bay West Federal Credit Union?
It is a federal credit union, chartered and supervised by the NCUA.
Is Sorg Bay West Federal Credit Union well capitalized?
Its net worth ratio was 5.00% at Q2 2026, in the undercapitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is Sorg Bay West Federal Credit Union's delinquency ratio?
Its delinquency ratio was 6.08% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is Sorg Bay West Federal Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 76.21% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- Middletown, OH 45042
- Charter Type
- Federal credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1950
- NCUA Charter #
- 6772
- RSSD ID
- 817187
- Members
- 804
- Potential members
- 51,478
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 2,479 credit unions with under $100M in assets, as of Q2 2026. It is in the top quartile on 2 of 7 ranked measures and in the bottom quartile on 3.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 11.14% to 19.38% | 5.00% | 14.31% | under 10th bottom |
| Return on assets Middle half of peers: 0.16% to 1.30% | 0.92% | 0.72% | 58th above |
| Return on equity Middle half of peers: 1.04% to 8.69% | 18.27% | 4.74% | over 90th top |
| Net interest margin Middle half of peers: 3.31% to 4.53% | 4.54% | 3.93% | 75th top |
| Efficiency ratio Middle half of peers: 68.03% to 91.60% | 80.29% | 79.83% | 49th below |
| Cost of funds Middle half of peers: 0.37% to 1.23% | 1.69% | 0.78% | 11th bottom |
| Delinquency ratio Middle half of peers: 0.35% to 1.93% | 6.08% | 0.86% | under 10th bottom |
| Yield on assets Middle half of peers: 4.21% to 5.32% | 6.23% | 4.70% | over 90th position only |
| Loan-to-share ratio Middle half of peers: 42.33% to 75.81% | 76.21% | 58.92% | 75th position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$11.6M total assets against $12.1M; $10.9M total shares and deposits against $11.4M; $8.3M total loans against $8.9M.
$583K net worth against $629K.
5.00% net worth ratio against 5.19%.
76.21% loan-to-share ratio against 78.15%.
6.08% delinquency ratio against 4.80%.
0.92% return on assets against -3.04%; 18.27% return on equity against -58.43%.
4.54% net interest margin against 3.95%.
804 members against 805.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 5.00% | 0.92% | 6.08% | 76.21% |
| March 31, 2026 | 4.75% | -0.86% | 2.18% | 76.43% |
| December 31, 2025 | 5.04% | 0.88% | 3.92% | 79.41% |
| September 30, 2025 | 4.73% | -2.68% | 4.32% | 77.36% |
| June 30, 2025 | 5.19% | -3.04% | 4.80% | 78.15% |
| March 31, 2025 | 6.38% | 0.35% | 4.15% | 83.53% |
Scroll sideways to see every column.
Watch flags
The net worth ratio is below the 6% NCUA adequately-capitalized threshold, placing the credit union in the undercapitalized Prompt Corrective Action category, which triggers mandatory earnings-retention and supervisory restrictions. NCUA Prompt Corrective Action, 12 CFR 702.102.
Loans 60+ days delinquent exceed 2% of the loan book, well above the credit-union industry norm of under 1%. Sustained high delinquency erodes net worth through charge-offs. BankRegReports band vs the <1% industry norm.
How we read these figures
Glossary: net worth ratio, delinquency, ROA, loan-to-share. The net worth category is ours, from NCUA's 7% well and 6% adequately capitalized cutoffs. It is not NCUA's determination, which can differ. ROA, ROE and margin annualize the quarter; NCUA's Financial Performance Report annualizes the year to date (YTD). Peer rank interpolates size-band percentiles. Methodology.