COLUMBUS, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)EDUCATION FIRST CREDIT UNION INC, founded in 1936, is a mid-sized nonprofit that reported $10.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $9.7M left a modest 4% surplus.
PROVIDE LOW COST LOANS TO SELECT MEMBERSHIP GROUPS, AS WELL AS PROVIDE SAVINGS OPTIONS, FINANCIAL LITERACY AND OTHER FINANCIAL SERVICES AND PRODUCTS WITH A SERVICE BASED EMPHASIS THAT RECOGNIZES MEMBERS AS OWNERS.
DURING 2024, EDUCATION FIRST CREDIT UNION INCURRED DIVIDEND EXPENSES PROVIDING SHARE DEPOSIT ACOUNTS TO APPROXIMATELY 12,176 MEMBERS. THE NUMBER OF THOSE ACCOUNTS TOTAL APPROXIMATELY 22,643.
DURING 2024, EDUCATION FIRST CREDIT UNION INCURRED DIRECT LABOR COSTS AND EMPLOYEE BENEFIT COSTS BY PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR...
DURING 2024, EDUCATION FIRST CREDIT UNION INCURRED DIRECT LABOR COSTS AND EMPLOYEE BENEFIT COSTS BY PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS.
DURING 2024, EDUCATION FIRST CREDIT UNION INCURRED OPERATIONS EXPENSES PROVIDING FINANCIAL SERVICES TO MEMBERS SUCH AS ATM ACCESS, SHARED BRANCHING ACCESS, SHARE DRAFT SERVICES, AND OTHER EXPENSES...
DURING 2024, EDUCATION FIRST CREDIT UNION INCURRED OPERATIONS EXPENSES PROVIDING FINANCIAL SERVICES TO MEMBERS SUCH AS ATM ACCESS, SHARED BRANCHING ACCESS, SHARE DRAFT SERVICES, AND OTHER EXPENSES ASSOCIATED WITH FINANCIAL ACCOUNT PROGRAMS. EDUCATION FIRST PROVIDED THESE SERVICES TO AN ESTIMATED 12,176 MEMBERS DURING 2024.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $10,065,417 | $9,028,852 | +0.1% |
| Expenses | $9,691,550 | $8,841,417 | +0.1% |
| Net Income | $373,867 | $187,435 | +1.0% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL WETTRICH | PRESIDENT/CE | 40.00 |
Officer
|
$238,007 | $40,826 | $278,833 |
| JARED ELSASS | CFO | 40.00 |
Officer
|
$167,217 | $15,122 | $182,339 |
| JASON THOMAS | COO | 40.00 |
Officer
|
$158,691 | $12,360 | $171,051 |
| JO ANNETTE BYAS-MARSTON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JULIE DIDLICK | CHAIRPERSON | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVID DOBOS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| HENRY BLAND III | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| EZETTA MURRAY | SECRETARY | 2.00 |
Director
|
$0 | $0 | $0 |
| BARBARA OVERHOLSER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| IRMA TURNER | TREASURER | 2.00 |
Director
|
$0 | $0 | $0 |
| JEFFERY WOODSON | VICE CHAIRPE | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $10,065,417 | $9,691,550 | $144,633,777 | $373,867 |
| 2023 | $9,028,852 | $8,841,417 | $136,928,093 | $187,435 |
| 2022 | $7,953,641 | $7,426,406 | $146,057,594 | $527,235 |
| 2021 | $7,698,435 | $7,062,616 | $140,644,680 | $635,819 |
| 2020 | $8,214,189 | $7,348,998 | $132,948,726 | $865,191 |
| 2019 | $8,701,033 | $7,487,781 | $112,373,367 | $1,213,252 |
| 2018 | $7,759,493 | $7,282,976 | $109,171,552 | $476,517 |
Compare EDUCATION FIRST CREDIT UNION INC with other nonprofits in Ohio and across the country.