Dec, 31, 2023 — OLYMPIA CREDIT UNION is a federally insured state chartered credit union headquartered in OLYMPIA, WA with 2 branch locations and about $52.48 million in total assets. Opened 59 years ago in 1965, OLYMPIA CREDIT UNION has about 3,800 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OLYMPIA CREDIT UNION |
|---|---|
| Address: (Main Office) | 202 9th Ave SE OLYMPIA, WA 98501-9315 |
| Phone: | (360) 754-5559 |
| Fax: | (360) 352-9156 |
| Website: | https://www.olycu.org |
| Branches: | 2 branch locations |
| Members: | 3,800 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68331 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $52,483,445 |
| CEO/Manager: | Tammy Doles-Roberts |
| Chairperson: | Larry Lufkin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,593,886 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,990,385 |
| Unsecured Loans | 1,609,579 |
| Other Loans | 30,354,713 |
| TOTAL LOANS | 38,954,678 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -238,241 |
| Land And Building | 276,049 |
| Other Fixed Assets | 251,311 |
| NCUSIF Deposit | 472,309 |
| All Other Assets | 1,000 |
| TOTAL ASSETS | 52,483,445 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 123,386 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,558,659 |
| Regular shares | 24,584,758 |
| All Other Shares & Deposits | 9,864,253 |
| TOTAL SHARES & DEPOSITS | 48,007,670 |
| TOTAL LIABILITIES | 48,131,056 |
| Regular Reserve | 0 |
| Other Reserves | 653,799 |
| Undivided Earnings | 3,698,590 |
| TOTAL EQUITY | 4,352,389 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 52,483,445 |
| INCOME & EXPENSE | |
| Loan Income | 1,919,542 |
| Investment Income | 143,000 |
| Other Income | 284,234 |
| Total Employee Compensation & Benefits | 1,236,627 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,008,956 |
| Non-operating Income & (Expense) | 2,550 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 182,862 |
| Cost of Funds | 155,985 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 125,879 |
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