Overview / Commentary
Extra Credit Union is headquartered in Warren and is the 59th largest credit union in the state of Michigan. It is also the 977th largest credit union in the nation. It was established in 1954 and as of March of 2025, it had grown to 90 employees and 19,067 members at 2 locations. Extra Credit Union has an A health rating.
Field of Membership Restrictions
Extra Credit Union of Michigan is open individuals who live, work, worship, or attend school anywhere in the state of Michigan.
See current membership details
Reviews (1)
Extra CU Lowers Rates
4.5% 3yr lowered to 4%
4.75% 5yr lowered to 4.25%
Health
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 60428 |
| Year Chartered | 1954 |
| Employees | 90 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.26% |
| Return on Equity - YTD | 8.83% |
| Annual Interest Income | $4.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $332.7MM$318.2MM |
| Loans | Q1 2025vs Q1 2024 | $186.8MM$183.6MM |
| Deposits | Q1 2025vs Q1 2024 | $283.9MM$276.8MM |
| Equity Capital | Q1 2025vs Q1 2024 | $46.4MM$38.8MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $5.6MM$5.7MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $1.8MM$1.4MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |