Dec, 31, 2023 — OMAHA FEDERAL CREDIT UNION is a federal credit union headquartered in OMAHA, NE with 4 branch locations and about $84.71 million in total assets. Opened 89 years ago in 1935, OMAHA FEDERAL CREDIT UNION has about 6,218 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OMAHA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3001 S 82ND AVE OMAHA, NE 68124 |
| Phone: | (402) 399-9001 |
| Fax: | (402) 399-0129 |
| Website: | https://www.omahafcu.org |
| Branches: | 4 branch locations |
| Members: | 6,218 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 135 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $84,706,444 |
| CEO/Manager: | Chris Byous |
| Chairperson: | ERIK S WILLIAMS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,951,745 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 24,686,768 |
| Unsecured Loans | 1,462,717 |
| Other Loans | 29,427,831 |
| TOTAL LOANS | 55,577,316 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -333,289 |
| Land And Building | 193,417 |
| Other Fixed Assets | 572,470 |
| NCUSIF Deposit | 726,574 |
| All Other Assets | 0 |
| TOTAL ASSETS | 84,706,444 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 33,024 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 694,208 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,593,908 |
| Regular shares | 35,444,410 |
| All Other Shares & Deposits | 26,043,956 |
| TOTAL SHARES & DEPOSITS | 75,082,274 |
| TOTAL LIABILITIES | 75,809,506 |
| Regular Reserve | 0 |
| Other Reserves | -9,335 |
| Undivided Earnings | 8,906,273 |
| TOTAL EQUITY | 8,896,938 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 84,706,444 |
| INCOME & EXPENSE | |
| Loan Income | 2,509,912 |
| Investment Income | 960,131 |
| Other Income | 335,254 |
| Total Employee Compensation & Benefits | 1,107,893 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,385,572 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,089 |
| Cost of Funds | 533,085 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,175,711 |
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