Sep, 30, 2025 — EXTRA CREDIT UNION is a federally insured state chartered credit union headquartered in WARREN, MI with 3 branch locations and about $332.49 million in total assets. Opened 72 years ago in 1954, EXTRA CREDIT UNION has about 18,952 members and employs 96 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EXTRA CREDIT UNION |
|---|---|
| Address: (Main Office) | 6611 Chicago Rd WARREN, MI 48092-1685 |
| Phone: | (586) 276-3000 |
| Fax: | (586) 276-3001 |
| Website: | https://www.extracreditunion.org |
| Branches: | 3 branch locations |
| Members: | 18,952 |
| 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, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $332,490,408 |
| CEO/Manager: | Deidra M Williams |
| Chairperson: | Anne Covert |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 30,467,252 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 80,048,775 |
| Unsecured Loans | 44,427,545 |
| Other Loans | 61,878,519 |
| TOTAL LOANS | 186,383,118 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,884,787 |
| Land And Building | 7,139,745 |
| Other Fixed Assets | 2,012,641 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,543,387 |
| All Other Assets | 87,200 |
| TOTAL ASSETS | 332,490,408 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,340,237 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 58,018,527 |
| Regular shares | 106,366,816 |
| All Other Shares & Deposits | 112,064,707 |
| TOTAL SHARES & DEPOSITS | 276,450,050 |
| TOTAL LIABILITIES | 278,790,287 |
| Regular Reserve | 0 |
| Other Reserves | -2,326,334 |
| Undivided Earnings | 56,026,455 |
| TOTAL EQUITY | 53,700,121 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 332,490,408 |
| INCOME & EXPENSE | |
| Loan Income | 12,538,169 |
| Investment Income | 2,515,566 |
| Other Income | 2,832,936 |
| Total Employee Compensation & Benefits | 6,984,709 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,739,304 |
| Non-operating Income & (Expense) | -67,728 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,228,587 |
| Cost of Funds | 2,596,123 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,602,319 |
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