Dec, 31, 2023 — OWENSBORO FEDERAL CREDIT UNION is a federal credit union headquartered in OWENSBORO, KY with 3 branch locations and about $78.59 million in total assets. Opened 71 years ago in 1953, OWENSBORO FEDERAL CREDIT UNION has about 6,318 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OWENSBORO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 717 Harvard Dr OWENSBORO, KY 42301-6185 |
| Phone: | (270) 683-1054 |
| Fax: | (270) 685-3987 |
| Website: | https://www.ofcuonline.com |
| Branches: | 3 branch locations |
| Members: | 6,318 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8988 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $78,590,950 |
| CEO/Manager: | Doris M Berry |
| Chairperson: | James Cook |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,867,165 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,502,541 |
| Unsecured Loans | 1,827,106 |
| Other Loans | 16,722,059 |
| TOTAL LOANS | 37,051,706 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -77,931 |
| Land And Building | 458,719 |
| Other Fixed Assets | 64,190 |
| NCUSIF Deposit | 696,092 |
| All Other Assets | 0 |
| TOTAL ASSETS | 78,590,950 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,846 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 697,710 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,449,211 |
| Regular shares | 34,739,746 |
| All Other Shares & Deposits | 19,797,715 |
| TOTAL SHARES & DEPOSITS | 67,986,672 |
| TOTAL LIABILITIES | 68,695,228 |
| Regular Reserve | 0 |
| Other Reserves | 2,466,405 |
| Undivided Earnings | 7,429,317 |
| TOTAL EQUITY | 9,895,722 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 78,590,950 |
| INCOME & EXPENSE | |
| Loan Income | 1,372,023 |
| Investment Income | 1,276,405 |
| Other Income | 690,133 |
| Total Employee Compensation & Benefits | 932,507 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,169,398 |
| Non-operating Income & (Expense) | -1,150 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,254 |
| Cost of Funds | 161,658 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,099,839 |
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