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 |
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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 |
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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 |
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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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