Overview / Commentary
15470 S Telegraph Rd
Monroe, MI 48161-5532

Education Plus Credit Union is headquartered in Monroe and is the 87th largest credit union in the state of Michigan. It is also the 1,448th largest credit union in the nation. It was established in 1957 and as of March of 2018, it had grown to 23 employees and 14,736 members at 2 locations. Education Plus Credit Union has an A+ health rating.

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,
See current membership details


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Health Grade Components

NCUA #62008
Year Chartered1957
Primary Regulator
Profit Margin
Return on Assets - YTD1.15%
Return on Equity - YTD7.15%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$120.5MM$113.8MM
LoansQ1 2018vs Q1 2017$69.3MM$63.9MM
DepositsQ1 2018vs Q1 2017$101.0MM$96.1MM
Equity CapitalQ1 2018vs Q1 2017$19.0MM$17.3MM
Loan Loss AllowanceQ1 2018vs Q1 2017$469.00K$372.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$897.00K$972.00K
Real Estate OwnedQ1 2018vs Q1 2017$0$0

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Education Plus Credit Union Locations
Branch Office15470 S Telegraph RdMonroe, MI 48161-5532
Branch Office3558 Sterns RdLambertville, MI 48144-9577

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