Jun, 30, 2024 — EDUCATION FIRST CREDIT UNION, INC is a federally insured state chartered credit union headquartered in COLUMBUS, OH with 3 branch locations and about $150.49 million in total assets. Opened 89 years ago in 1936, EDUCATION FIRST CREDIT UNION, INC has about 12,923 members and employs 34 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: | 3 branch locations |
| Members: | 12,923 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $150,485,749 |
| CEO/Manager: | Michael Wettrich |
| Chairperson: | Julie Didlick |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,238,749 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 39,199,303 |
| Unsecured Loans | 15,638,260 |
| Other Loans | 38,507,025 |
| TOTAL LOANS | 93,344,588 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -751,842 |
| Land And Building | 4,752,524 |
| Other Fixed Assets | 359,233 |
| NCUSIF Deposit | 1,174,346 |
| All Other Assets | 138,807 |
| TOTAL ASSETS | 150,485,749 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 6,000,000 |
| Accounts Payable & Other Liabilities | 1,039,831 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,722,700 |
| Regular shares | 44,014,735 |
| All Other Shares & Deposits | 64,774,140 |
| TOTAL SHARES & DEPOSITS | 130,511,575 |
| TOTAL LIABILITIES | 137,551,406 |
| Regular Reserve | 0 |
| Other Reserves | -51,622 |
| Undivided Earnings | 12,985,965 |
| TOTAL EQUITY | 12,934,343 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 150,485,749 |
| INCOME & EXPENSE | |
| Loan Income | 3,638,566 |
| Investment Income | 220,194 |
| Other Income | 1,067,634 |
| Total Employee Compensation & Benefits | 2,094,160 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,449,209 |
| Non-operating Income & (Expense) | 2,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 366,274 |
| Cost of Funds | 426,404 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 439,191 |
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