credit union · NCUA 62008 · MI
How big is EDUCATION PLUS?
EDUCATION PLUS (MI, NCUA charter 62008) reported total assets of $120.5M, 14,736 members and a net worth ratio of 15.74% in its Call Report for 2018Q1. That ranks 1448 of 5,646 federally insured credit unions by assets, 900 of 1,069 among credit unions with $100m-$500m in assets, 87 of 231 credit unions in michigan.
What stands out
EDUCATION PLUS (MI, NCUA charter 62008) reported total assets of $120.5M, 14,736 members and a net worth ratio of 15.74% in its Call Report for 2018Q1. That ranks 1448 of 5,646 federally insured credit unions by assets, 900 of 1,069 among credit unions with $100m-$500m in assets, 87 of 231 credit unions in michigan. Against its size class: net worth ratio 15.74%, above the peer median of 10.37%; loan-to-share ratio 68.66%, below the peer median of 74.82%; return on assets 1.13%, above the peer median of 0.62%. At 15.74% its net worth ratio is above the 7% NCUA threshold, which puts it in the "well capitalised" band of prompt corrective action; the regulator applies further tests, this page does not.
Key figures, 2018Q1
As filed with the NCUA; ratios computed by FACTANKER. Peer medians are percentile_cont over the group in the same quarter.
| Measure | 2018Q1 | Median, size class | Median, state | Median, all | Evidence |
|---|---|---|---|---|---|
| Total assets | $120.5M | $192.0M | $79.9M | $32.5M | record → |
| Shares and deposits | $101.0M | $167.4M | $72.0M | $28.6M | record → |
| Loans outstanding | $69.3M | $121.1M | $45.7M | $16.1M | record → |
| Net income (year to date) | $339.0k | $297.8k | $109.2k | $30.5k | record → |
| Net worth | $19.0M | $20.6M | $9.0M | $3.8M | record → |
| Net worth ratio | 15.74% | 10.37% | 10.66% | 11.34% | record → |
| Loan-to-share ratio | 68.66% | 74.82% | 63.59% | 63.97% | computed |
| Return on assets | 1.13% | 0.62% | 0.61% | 0.46% | computed |
| Members | 14,736 | 17,832 | 8,918 | 3,557 | record → |
Quarter by quarter
12 Call Reports on record, 2015Q2–2018Q1; the 12 most recent shown.
| Quarter | Total assets | Shares | Loans | Net income YTD | Net worth ratio | Members | Rank |
|---|---|---|---|---|---|---|---|
| 2018Q1 | $120.5M | $101.0M | $69.3M | $339.0k | 15.74% | 14,736 | 1448 |
| 2017Q4 | $115.5M | $96.3M | $68.7M | $1.7M | 16.13% | 14,633 | 1458 |
| 2017Q3 | $114.6M | $95.9M | $66.8M | $1.2M | 15.82% | 14,468 | 1473 |
| 2017Q2 | $114.1M | $96.0M | $65.2M | $768.4k | 15.50% | 14,277 | 1483 |
| 2017Q1 | $113.8M | $96.1M | $63.9M | $416.4k | 15.24% | 14,553 | 1483 |
| 2016Q4 | $109.5M | $92.0M | $63.5M | $1.9M | 15.45% | 14,362 | 1498 |
| 2016Q3 | $108.6M | $91.7M | $61.7M | $1.5M | 15.17% | 14,195 | 1514 |
| 2016Q2 | $106.8M | $90.4M | $59.1M | $968.0k | 14.96% | 13,936 | 1512 |
| 2016Q1 | $104.9M | $89.2M | $57.2M | $410.3k | 14.69% | 13,926 | 1527 |
| 2015Q4 | $102.1M | $86.7M | $55.4M | $1.3M | 14.70% | 13,616 | 1533 |
| 2015Q3 | $99.8M | $84.8M | $54.7M | $878.0k | 14.61% | 13,504 | 1537 |
| 2015Q2 | $99.5M | $84.8M | $51.8M | $536.8k | 14.31% | 13,398 | 1551 |
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