Dec, 31, 2023 — OREGON STATE CREDIT UNION is a federally insured state chartered credit union headquartered in CORVALLIS, OR with 15 branch locations and about $2.17 billion in total assets. Opened 70 years ago in 1954, OREGON STATE CREDIT UNION has about 142,504 members and employs 288 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OREGON STATE CREDIT UNION |
|---|---|
| Address: (Main Office) | 4800 SW Research Way CORVALLIS, OR 97333 |
| Phone: | (541) 714-4000 |
| Fax: | (541) 714-4185 |
| Website: | https://www.oregonstatecu.com |
| Branches: | 15 branch locations |
| Members: | 142,504 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68656 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,166,247,808 |
| CEO/Manager: | Richard S Hein |
| Chairperson: | Kelley Kaiser |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 108,780,488 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 715,000 |
| Real Estate Loans | 542,741,824 |
| Unsecured Loans | 82,456,885 |
| Other Loans | 804,178,458 |
| TOTAL LOANS | 1,437,198,136 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,899,941 |
| Land And Building | 36,779,133 |
| Other Fixed Assets | 3,226,857 |
| NCUSIF Deposit | 18,376,613 |
| All Other Assets | 1,376,601 |
| TOTAL ASSETS | 2,166,247,808 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,922 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 30,836,286 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 489,646,544 |
| Regular shares | 406,364,504 |
| All Other Shares & Deposits | 1,040,096,801 |
| TOTAL SHARES & DEPOSITS | 1,936,107,849 |
| TOTAL LIABILITIES | 1,966,977,026 |
| Regular Reserve | 0 |
| Other Reserves | -60,995,477 |
| Undivided Earnings | 260,266,259 |
| TOTAL EQUITY | 199,270,782 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,166,247,808 |
| INCOME & EXPENSE | |
| Loan Income | 80,256,891 |
| Investment Income | 11,503,665 |
| Other Income | 5,230,546 |
| Total Employee Compensation & Benefits | 32,896,002 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 23,368,218 |
| Non-operating Income & (Expense) | 57,686 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,358,227 |
| Cost of Funds | 22,113,130 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 19,385,412 |
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