Dec, 31, 2023 — OMEGA FEDERAL CREDIT UNION is a federal credit union headquartered in WEXFORD, PA with 7 branch locations and about $161.32 million in total assets. Opened 84 years ago in 1940, OMEGA FEDERAL CREDIT UNION has about 13,697 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | OMEGA FEDERAL CREDIT UNION |
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Address: (Main Office) | 10455 Perry Hwy WEXFORD, PA 15090-9204 |
Phone: | (412) 369-3800 |
Fax: | |
Website: | https://www.omegafcu.com |
Branches: | 7 branch locations |
Members: | 13,697 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3711 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $161,322,975 |
CEO/Manager: | Troy L Garvin |
Chairperson: | Robert L Valasek |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,778,125 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 82,356,305 |
Unsecured Loans | 12,653,908 |
Other Loans | 28,027,397 |
TOTAL LOANS | 123,361,455 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,333,153 |
Land And Building | 2,136,337 |
Other Fixed Assets | 526,563 |
NCUSIF Deposit | 1,454,882 |
All Other Assets | 57,847 |
TOTAL ASSETS | 161,322,975 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 106,551 |
Notes & Interest Payable | 420,582 |
Accounts Payable & Other Liabilities | 1,259,894 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 19,748,992 |
Regular shares | 84,701,107 |
All Other Shares & Deposits | 38,059,914 |
TOTAL SHARES & DEPOSITS | 142,510,016 |
TOTAL LIABILITIES | 144,297,043 |
Regular Reserve | 0 |
Other Reserves | 4,504,413 |
Undivided Earnings | 12,521,519 |
TOTAL EQUITY | 17,025,932 |
TOTAL LIABILITIES, SHARES, & EQUITY | 161,322,975 |
INCOME & EXPENSE | |
Loan Income | 6,044,280 |
Investment Income | 954,872 |
Other Income | 1,029,931 |
Total Employee Compensation & Benefits | 2,817,496 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,163,333 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 560,000 |
Cost of Funds | 631,218 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,806,904 |
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