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EXTRA CREDIT UNION

Mar, 31, 2022 — EXTRA CREDIT UNION is a federally insured state chartered credit union headquartered in WARREN, MI with 1 branch location and about $329.00 million in total assets. Opened 68 years ago in 1954, EXTRA CREDIT UNION has about 19,039 members and employs 84 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 272477432
Name:EXTRA CREDIT UNION
Address:
(Main Office)
6611 Chicago Rd
WARREN, MI 48092-1685
Phone:(586) 276-3000
Fax:(586) 276-3001
Website:http://www.extracreditunion.org
Branches:1 branch locations
Members:19,039
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60428
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1954
Last Audited:Dec 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$329,003,780
CEO/Manager:Deidra M Williams
Chairperson:Anne Covert

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 50,624,663
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 66,113,523
 Unsecured Loans 29,673,513
 Other Loans 42,650,885
 TOTAL LOANS 138,474,341
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,543,722
 Land And Building 4,969,641
 Other Fixed Assets 932,291
 NCUSIF Deposit 2,786,715
 All Other Assets 85,889
  TOTAL ASSETS 329,003,780
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,229,907
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 67,958,106
 Regular shares 137,330,475
 All Other Shares & Deposits 89,022,274
  TOTAL SHARES & DEPOSITS 294,310,855
  TOTAL LIABILITIES 296,540,762
 Regular Reserve 0
 Other Reserves -5,113,822
 Undivided Earnings 37,576,840
  TOTAL EQUITY 32,463,018
  TOTAL LIABILITIES, SHARES, & EQUITY 329,003,780
INCOME & EXPENSE  
 Loan Income 2,533,732
 Investment Income 461,049
 Other Income 915,864
 Total Employee Compensation & Benefits 1,843,847
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,511,881
 Non-operating Income & (Expense) -13,613
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 454,747
 Cost of Funds 104,849
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 793,235
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