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National Credit Union Service Organization

O.M.C. EMPLOYEES' CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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