Dec, 31, 2020 — OLD WEST FEDERAL CREDIT UNION is a federal credit union headquartered in JOHN DAY, OR with 7 branch locations and about $228.20 million in total assets. Opened 64 years ago in 1957, OLD WEST FEDERAL CREDIT UNION has about 13,943 members and employs 78 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: | 13,943 |
| 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, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $228,204,442 |
| CEO/Manager: | Kenneth L Olson |
| Chairperson: | Willis W Kimball |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 34,515,835 |
| TOTAL INVESTMENTS | 18,261,685 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 110,907,778 |
| Unsecured Loans | 3,962,526 |
| Other Loans | 44,297,114 |
| TOTAL LOANS | 160,328,646 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -770,834 |
| Land And Building | 6,333,706 |
| Other Fixed Assets | 706,568 |
| NCUSIF Deposit | 1,707,883 |
| All Other Assets | 7,120,953 |
| TOTAL ASSETS | 228,204,442 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,064 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 925,451 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 64,486,830 |
| Regular shares | 88,908,357 |
| All Other Shares & Deposits | 54,214,033 |
| TOTAL SHARES & DEPOSITS | 207,609,220 |
| TOTAL LIABILITIES | 208,538,735 |
| Regular Reserve | 827,015 |
| Other Reserves | 5,925 |
| Undivided Earnings | 18,832,767 |
| TOTAL EQUITY | 19,665,707 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 228,204,442 |
| INCOME & EXPENSE | |
| Loan Income | 8,562,599 |
| Investment Income | 322,627 |
| Other Income | 2,022,502 |
| Total Employee Compensation & Benefits | 5,385,297 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,393,939 |
| Non-operating Income & (Expense) | 20,052 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 425,000 |
| Cost of Funds | 900,392 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 823,152 |
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