Mar, 31, 2022 — EDUCATION FIRST CREDIT UNION, INC is a federally insured state chartered credit union headquartered in COLUMBUS, OH with 3 branch locations and about $145.82 million in total assets. Opened 86 years ago in 1936, EDUCATION FIRST CREDIT UNION, INC has about 12,605 members and employs 37 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: | http://www.educu.org |
| Branches: | 3 branch locations |
| Members: | 12,605 |
| 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: | $145,821,737 |
| CEO/Manager: | Michael Wettrich |
| Chairperson: | Julie Didlick |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,354,010 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 38,565,882 |
| Unsecured Loans | 16,194,053 |
| Other Loans | 34,629,882 |
| TOTAL LOANS | 89,389,817 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -722,614 |
| Land And Building | 4,817,408 |
| Other Fixed Assets | 456,652 |
| NCUSIF Deposit | 1,188,148 |
| All Other Assets | 2,287 |
| TOTAL ASSETS | 145,821,737 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 6,000,000 |
| Accounts Payable & Other Liabilities | 730,152 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,958,195 |
| Regular shares | 42,884,025 |
| All Other Shares & Deposits | 62,760,969 |
| TOTAL SHARES & DEPOSITS | 126,603,189 |
| TOTAL LIABILITIES | 133,333,341 |
| Regular Reserve | 0 |
| Other Reserves | -208,215 |
| Undivided Earnings | 12,696,611 |
| TOTAL EQUITY | 12,488,396 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 145,821,737 |
| INCOME & EXPENSE | |
| Loan Income | 1,201,186 |
| Investment Income | 54,618 |
| Other Income | 332,908 |
| Total Employee Compensation & Benefits | 700,455 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 826,823 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 46,122 |
| Cost of Funds | 129,204 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 149,837 |
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