Education Plus Federal Credit Union
Headquarters
Po Box 1928
Monroe, MI 48161
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2024 Overview
General Credit Union Information
Education Plus is an NCUA insured institution located in Monroe, MI. It was founded in 1957 and has approximately $120.49 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 62008 |
| Date Established | 1957 |
| Assets | $120.49 million |
| Loans | $69.31 million |
| Deposits | $100.95 million |
| Capital | $18.97 million |
Field of Membership Restrictions
Education Plus Credit Union of Michigan is open to any employees of the businesses within a 25-mile distance of the main credit union office in any direction, members that were carried over from mergers, people that qualify for membership under the original field of membership, and all public school employees throughout the state.
Deposit Rates - November 25, 2024
Your Current Location: Ohio, OH 43085
We do not yet have rates for Education Plus
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Loan Rates - November 25, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Education Plus
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.356% | 6.250% | 0.63 | $3,600 | $1,971 | Learn More |
NMLS ID: 1025894 |
6.710% | 6.625% | 0.63 | $2,818 | $2,049 | Learn More |
NMLS ID: 401822 |
7.034% | 6.875% | 1.00 | $5,195 | $2,103 | Learn More |
NMLS ID: 3030 |
7.212% | 7.125% | 0.88 | $2,800 | $2,156 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.240 % After Intro: 7.240 % |
$0 |
Learn More
More Info |
Note to Education Plus
To upload and update your bank's rates please register.
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Branches
Below are Education Plus branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Education Plus Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 128.00 | A | View Lobby Hours | |
| 135.90 | B | View Lobby Hours |
Climate Policy and Initiatives
EDUCATION PLUS is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Education Plus Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Education Plus. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Education Plus | U.S. Average |
|---|---|
| 8.80% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Education Plus had $1,471,489 in non-current loans and $239,000 in owned assets. To cover these potential losses it had $18,973,064 in net worth and $469,278 in loans loss reserves. That gives it a Texas Ratio of 8.80%.
Net Worth
| Education Plus | U.S. Average |
|---|---|
| 15.74% | 13.93% |
Education Plus FCU has a net worth of 15.74% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Education Plus
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