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National Credit Union Service Organization

EXTRA CREDIT UNION

Jun, 30, 2021 — EXTRA CREDIT UNION is a federally insured state chartered credit union headquartered in WARREN, MI with 1 branch location and about $322.01 million in total assets. Opened 67 years ago in 1954, EXTRA CREDIT UNION has about 19,165 members and employs 82 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 ROAD
WARREN, MI 48092
Phone:(586) 276-3000
Fax:(586) 276-3001
Website:http://www.extracreditunion.org
Branches:1 branch locations
Members:19,165
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$322,013,770
CEO/Manager:Deidra M Williams
Chairperson:Anne Covert

Call Report

  • Credit Builder
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 43,302,132
TOTAL INVESTMENTS 134,985,474
Loans Held for Sale 0
 
 Real Estate Loans 37,018,768
 Unsecured Loans 25,659,293
 Other Loans 41,571,227
 TOTAL LOANS 130,463,728
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,280,068
 Land And Building 5,021,715
 Other Fixed Assets 1,025,826
 NCUSIF Deposit 2,506,769
 All Other Assets 7,988,194
  TOTAL ASSETS 322,013,770
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,557,044
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 65,880,865
 Regular shares 130,863,088
 All Other Shares & Deposits 88,273,898
  TOTAL SHARES & DEPOSITS 285,017,851
  TOTAL LIABILITIES 286,574,895
 Regular Reserve 5,572,800
 Other Reserves 993,349
 Undivided Earnings 28,872,726
  TOTAL EQUITY 35,438,875
  TOTAL LIABILITIES, SHARES, & EQUITY 322,013,770
INCOME & EXPENSE  
 Loan Income 4,908,406
 Investment Income 799,691
 Other Income 1,557,066
 Total Employee Compensation & Benefits 3,381,233
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,857,333
 Non-operating Income & (Expense) -13,594
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 182,830
 Cost of Funds 214,354
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,643,658
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