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.
Name: | EDUCATION FIRST CREDIT UNION, INC |
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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 |
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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 |
ASSETS: | $ Amount |
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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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