Sep, 30, 2021 — EDUCATION FIRST CREDIT UNION, INC is a federally insured state chartered credit union headquartered in Columbus, OH with 3 branch locations and about $140.10 million in total assets. Opened 86 years ago in 1936, EDUCATION FIRST CREDIT UNION, INC has about 12,723 members and employs 29 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 |
| Phone: | (614) 221-9376 |
| Fax: | (614) 212-8127 |
| Website: | http://www.educu.org |
| Branches: | 3 branch locations |
| Members: | 12,723 |
| 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: | $140,098,236 |
| CEO/Manager: | Michael Wettrich |
| Chairperson: | Julie Didlick |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,515,225 |
| TOTAL INVESTMENTS | 32,815,241 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 38,471,782 |
| Unsecured Loans | 17,427,564 |
| Other Loans | 30,960,598 |
| TOTAL LOANS | 86,859,944 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -756,640 |
| Land And Building | 4,410,056 |
| Other Fixed Assets | 341,857 |
| NCUSIF Deposit | 1,121,829 |
| All Other Assets | 8,790,724 |
| TOTAL ASSETS | 140,098,236 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 6,000,000 |
| Accounts Payable & Other Liabilities | 612,584 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,792,285 |
| Regular shares | 40,731,660 |
| All Other Shares & Deposits | 61,196,615 |
| TOTAL SHARES & DEPOSITS | 121,720,560 |
| TOTAL LIABILITIES | 128,333,144 |
| Regular Reserve | 1,839,147 |
| Other Reserves | -799,590 |
| Undivided Earnings | 10,725,535 |
| TOTAL EQUITY | 11,765,092 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 140,098,236 |
| INCOME & EXPENSE | |
| Loan Income | 3,750,549 |
| Investment Income | 183,281 |
| Other Income | 933,882 |
| Total Employee Compensation & Benefits | 1,983,465 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,261,602 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 355,912 |
| Cost of Funds | 487,321 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 653,726 |
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