Jun, 30, 2023 — EXTRA CREDIT UNION is a federally insured state chartered credit union headquartered in WARREN, MI with 1 branch location and about $319.19 million in total assets. Opened 69 years ago in 1954, EXTRA CREDIT UNION has about 18,943 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.
| 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: | 1 branch locations |
| Members: | 18,943 |
| 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: | $319,193,033 |
| CEO/Manager: | Deidra M Williams |
| Chairperson: | Anne Covert |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,703,620 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 71,051,971 |
| Unsecured Loans | 34,165,065 |
| Other Loans | 44,711,538 |
| TOTAL LOANS | 149,962,825 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,110,321 |
| Land And Building | 4,871,144 |
| Other Fixed Assets | 816,699 |
| NCUSIF Deposit | 2,784,070 |
| All Other Assets | 99,051 |
| TOTAL ASSETS | 319,193,033 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,989,651 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 65,793,976 |
| Regular shares | 131,023,796 |
| All Other Shares & Deposits | 89,928,273 |
| TOTAL SHARES & DEPOSITS | 286,746,045 |
| TOTAL LIABILITIES | 289,735,696 |
| Regular Reserve | 0 |
| Other Reserves | -10,385,331 |
| Undivided Earnings | 39,842,668 |
| TOTAL EQUITY | 29,457,337 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 319,193,033 |
| INCOME & EXPENSE | |
| Loan Income | 8,165,227 |
| Investment Income | 1,660,115 |
| Other Income | 2,842,479 |
| Total Employee Compensation & Benefits | 5,698,294 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,610,254 |
| Non-operating Income & (Expense) | -14,266 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,469,629 |
| Cost of Funds | 313,009 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,059,064 |
| ↑ Back to Top | |