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EDUCATION FIRST CREDIT UNION, INC

Dec, 31, 2021 — EDUCATION FIRST CREDIT UNION, INC is a federally insured state chartered credit union headquartered in COLUMBUS, OH with 3 branch locations and about $140.78 million in total assets. Opened 86 years ago in 1936, EDUCATION FIRST CREDIT UNION, INC has about 12,667 members and employs 36 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: 244077271
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:http://www.educu.org
Branches:3 branch locations
Members:12,667
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$140,777,348
CEO/Manager:Michael Wettrich
Chairperson:Julie Didlick

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,982,646
TOTAL INVESTMENTS 29,581,341
Loans Held for Sale 0
 
 Real Estate Loans 38,425,991
 Unsecured Loans 17,053,982
 Other Loans 33,063,663
 TOTAL LOANS 88,543,636
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -785,715
 Land And Building 4,824,745
 Other Fixed Assets 300,488
 NCUSIF Deposit 1,188,148
 All Other Assets 10,142,059
  TOTAL ASSETS 140,777,348
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 6,000,000
 Accounts Payable & Other Liabilities 662,206
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 20,960,181
 Regular shares 41,525,542
 All Other Shares & Deposits 59,369,157
  TOTAL SHARES & DEPOSITS 121,854,880
  TOTAL LIABILITIES 128,517,086
 Regular Reserve 1,839,147
 Other Reserves -286,512
 Undivided Earnings 10,707,627
  TOTAL EQUITY 12,260,262
  TOTAL LIABILITIES, SHARES, & EQUITY 140,777,348
INCOME & EXPENSE  
 Loan Income 4,991,099
 Investment Income 263,408
 Other Income 1,278,601
 Total Employee Compensation & Benefits 2,708,378
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,121,717
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 603,762
 Cost of Funds 628,760
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 635,819
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