Sep, 30, 2025 — EDUCATION FIRST CREDIT UNION, INC is a federally insured state chartered credit union headquartered in COLUMBUS, OH with 2 branch locations and about $146.90 million in total assets. Opened 90 years ago in 1936, EDUCATION FIRST CREDIT UNION, INC has about 12,217 members and employs 39 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EDUCATION FIRST CREDIT UNION, INC |
|---|---|
| Address: (Main Office) | 510 E Mound St COLUMBUS, OH 43215-5539 |
| Phone: | (614) 221-9376 |
| Fax: | (614) 212-8127 |
| Website: | https://www.educu.org |
| Branches: | 2 branch locations |
| Members: | 12,217 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68447 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $146,899,802 |
| CEO/Manager: | Michael Wettrich |
| Chairperson: | David Dobos |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,704,570 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 57,319,150 |
| Unsecured Loans | 12,639,452 |
| Other Loans | 32,669,533 |
| TOTAL LOANS | 102,628,135 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,782,730 |
| Land And Building | 5,447,263 |
| Other Fixed Assets | 491,939 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,182,755 |
| All Other Assets | 98,483 |
| TOTAL ASSETS | 146,899,802 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 3,000,000 |
| Accounts Payable & Other Liabilities | 1,065,066 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,195,104 |
| Regular shares | 37,207,094 |
| All Other Shares & Deposits | 71,575,356 |
| TOTAL SHARES & DEPOSITS | 128,977,555 |
| TOTAL LIABILITIES | 133,042,621 |
| Regular Reserve | 0 |
| Other Reserves | 502,488 |
| Undivided Earnings | 13,354,693 |
| TOTAL EQUITY | 13,857,181 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 146,899,802 |
| INCOME & EXPENSE | |
| Loan Income | 5,089,760 |
| Investment Income | 969,645 |
| Other Income | 896,266 |
| Total Employee Compensation & Benefits | 2,626,664 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,808,173 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 668,746 |
| Cost of Funds | 1,544,514 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 188,573 |
| ↑ Back to Top | |