Dec, 31, 2023 — O.M.C. EMPLOYEES' CREDIT UNION is a federally insured state chartered credit union headquartered in CHARLESTON, TN with 0 branch location and about $29.45 million in total assets. Opened 55 years ago in 1969, O.M.C. EMPLOYEES' CREDIT UNION has about 2,064 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | O.M.C. EMPLOYEES' CREDIT UNION |
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Address: (Main Office) | 1186 Old Lower River Rd NW CHARLESTON, TN 37310 |
Phone: | (423) 336-4331 |
Fax: | (423) 336-4614 |
Website: | https://omcecu.com |
Branches: | 0 branch locations |
Members: | 2,064 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67946 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $29,452,339 |
CEO/Manager: | Stephanie C Young |
Chairperson: | Trendel Hodges |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,772,047 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,267,412 |
Unsecured Loans | 723,902 |
Other Loans | 7,692,876 |
TOTAL LOANS | 14,684,190 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -41,216 |
Land And Building | 0 |
Other Fixed Assets | 4,848 |
NCUSIF Deposit | 281,455 |
All Other Assets | 0 |
TOTAL ASSETS | 29,452,339 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 95,340 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,762,458 |
Regular shares | 13,502,627 |
All Other Shares & Deposits | 10,432,152 |
TOTAL SHARES & DEPOSITS | 26,697,237 |
TOTAL LIABILITIES | 26,792,577 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,659,762 |
TOTAL EQUITY | 2,659,762 |
TOTAL LIABILITIES, SHARES, & EQUITY | 29,452,339 |
INCOME & EXPENSE | |
Loan Income | 569,558 |
Investment Income | 258,673 |
Other Income | 49,438 |
Total Employee Compensation & Benefits | 271,187 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 309,846 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,421 |
Cost of Funds | 192,109 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 145,540 |
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