2024 Overview
General Credit Union Information
Extra is an NCUA insured institution located in Warren, MI. It was founded in 1954 and has approximately $311.31 millions in assets.
Who can join?
You can become an Extra Credit Union member when you meet any one of the following eligibility qualifications:
Municipalities — All individuals working for the cities of Warren or Center Line or for municipalities located within 25 miles of any Extra Credit Union branch may be eligible to join
Educational associates — Staff, students and alumni of Center Line, Chippewa Valley, Clintondale, Fitzgerald, Van Dyke, Warren Consolidated and Warren Woods school districts, along with Detroit Central Collegiate Academy and Macomb Community College
Teachers — Teachers in all participating school districts: Center Line, Chippewa Valley, Clintondale, Fitzgerald, Van Dyke, Warren Consolidated and Warren Woods, along with Detroit Central Collegiate Academy and Macomb Community College
Retirees — Anyone over the age of 55 who lives in Macomb County or neighboring counties and receives retirement benefits
Organizations — Companies and organizations located within 25 miles of an Extra Credit Union branch can apply for Ambassador Group status, enabling their employees or members to join.
Sterling Heights Chamber of Commerce Organizations — As Extra Credit Union is a member of the Sterling Heights Chamber of Commerce, if your employer is a member of this chamber, you are eligible for membership.
Family and household members — Families of any current Extra Credit Union members, non-relatives living in a current member’s household, as well as family members of anyone in the groups mentioned above
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 60428 |
| Date Established | 1954 |
| Assets | $311.31 million |
| Loans | $185.80 million |
| Deposits | $267.79 million |
| Capital | $47.83 million |
Field of Membership Restrictions
Extra Credit Union of Michigan is open to the residents, church members, registered students and the people maintaining employment within these qualified counties: Macomb, Oakland, Wayne, and St. Clair, anyone affiliated with the field of education in Macomb County, and the family and/or household members of current members.
Deposit Rates - December 23, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.15% | $10,000 | $14,999 |
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|
|
Money Market
|
0.20% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.40% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.15% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.15% | $100,000 | $199,999 |
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|
Loan Rates - December 23, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Extra
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: 1025894 |
6.960% | 6.875% | 0.63 | $2,764 | $2,103 | Learn More |
NMLS ID: 2592312 License#: RM.805266.000 |
6.966% | 6.875% | 0.50 | $3,145 | $2,103 | Learn More |
NMLS ID: 3030 |
7.338% | 7.250% | 0.88 | $2,800 | $2,183 | Learn More |
NMLS ID: 491986 |
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 6.990 % After Intro: 6.990 % |
$0 |
Learn More
More Info |
Rate See Table |
Intro APR 7.900 % After Intro: 7.900 % |
$25,000 |
Learn More
More Info |
Note to Extra
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Extra 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
Extra Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 177.18 | A | View Lobby Hours | |
| 180.34 | B | View Lobby Hours |
Climate Policy and Initiatives
EXTRA 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
Extra Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Extra. 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
| Extra | U.S. Average |
|---|---|
| 7.28% | 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, Extra had $3,805,868 in non-current loans and $2,275 in owned assets. To cover these potential losses it had $47,830,661 in net worth and $4,454,199 in loans loss reserves. That gives it a Texas Ratio of 7.28%.
Net Worth
| Extra | U.S. Average |
|---|---|
| 15.34% | 13.93% |
Extra FCU has a net worth of 15.34% 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 Extra
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