Dec, 31, 2023 — O BEE CREDIT UNION is a federally insured state chartered credit union headquartered in LACEY, WA with 7 branch locations and about $602.93 million in total assets. Opened 69 years ago in 1955, O BEE CREDIT UNION has about 33,802 members and employs 163 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 BEE CREDIT UNION |
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Address: (Main Office) | 649 Woodland Square Loop SE LACEY, WA 98503 |
Phone: | (360) 943-0740 |
Fax: | |
Website: | https://www.obee.com |
Branches: | 7 branch locations |
Members: | 33,802 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60059 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $602,933,268 |
CEO/Manager: | Andrew Downin |
Chairperson: | Prabakaran Manoharan |
ASSETS: | $ Amount |
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Cash & Equivalents | 77,794,253 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 328,562,411 |
Unsecured Loans | 27,563,468 |
Other Loans | 150,816,930 |
TOTAL LOANS | 506,942,809 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,060,561 |
Land And Building | 5,393,488 |
Other Fixed Assets | 1,995,152 |
NCUSIF Deposit | 4,314,898 |
All Other Assets | 731,336 |
TOTAL ASSETS | 602,933,268 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 69,999,996 |
Accounts Payable & Other Liabilities | 7,791,306 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 11,600,000 |
Share Drafts | 115,347,845 |
Regular shares | 109,894,279 |
All Other Shares & Deposits | 250,203,496 |
TOTAL SHARES & DEPOSITS | 475,445,620 |
TOTAL LIABILITIES | 564,934,780 |
Regular Reserve | 0 |
Other Reserves | 2,077,054 |
Undivided Earnings | 35,921,434 |
TOTAL EQUITY | 37,998,488 |
TOTAL LIABILITIES, SHARES, & EQUITY | 602,933,268 |
INCOME & EXPENSE | |
Loan Income | 26,679,199 |
Investment Income | 2,648,966 |
Other Income | 3,459,229 |
Total Employee Compensation & Benefits | 13,275,699 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 11,621,388 |
Non-operating Income & (Expense) | 555,144 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,507,992 |
Cost of Funds | 7,948,184 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,157,228 |
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