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EDUCATION FIRST CREDIT UNION, INC

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.


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:12,605
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

Call Report

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

Financial Summary

» See also Statement of Financial Condition
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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