Mar, 31, 2021 — OLD WEST FEDERAL CREDIT UNION is a federal credit union headquartered in JOHN DAY, OR with 7 branch locations and about $251.34 million in total assets. Opened 64 years ago in 1957, OLD WEST FEDERAL CREDIT UNION has about 14,110 members and employs 75 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OLD WEST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 650 W MAIN ST JOHN DAY, OR 97845 |
| Phone: | (541) 575-0264 |
| Fax: | (541) 575-2538 |
| Website: | http://oldwestfcu.com |
| Branches: | 7 branch locations |
| Members: | 14,110 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12012 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $251,335,668 |
| CEO/Manager: | Kenneth L Olson |
| Chairperson: | Willis W Kimball |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 58,948,140 |
| TOTAL INVESTMENTS | 17,205,527 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 109,878,346 |
| Unsecured Loans | 6,660,639 |
| Other Loans | 42,813,064 |
| TOTAL LOANS | 160,503,998 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -797,325 |
| Land And Building | 6,309,818 |
| Other Fixed Assets | 712,004 |
| NCUSIF Deposit | 1,707,883 |
| All Other Assets | 6,745,623 |
| TOTAL ASSETS | 251,335,668 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,840 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,186,911 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 71,802,987 |
| Regular shares | 100,885,856 |
| All Other Shares & Deposits | 57,217,276 |
| TOTAL SHARES & DEPOSITS | 229,906,119 |
| TOTAL LIABILITIES | 231,096,870 |
| Regular Reserve | 827,015 |
| Other Reserves | -221,696 |
| Undivided Earnings | 19,633,479 |
| TOTAL EQUITY | 20,238,798 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 251,335,668 |
| INCOME & EXPENSE | |
| Loan Income | 2,468,038 |
| Investment Income | 37,213 |
| Other Income | 69,754 |
| Total Employee Compensation & Benefits | 1,317,977 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 891,895 |
| Non-operating Income & (Expense) | -2,792 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 300,000 |
| Cost of Funds | 135,224 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 800,712 |
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