Dec, 31, 2023 — OLD WEST FEDERAL CREDIT UNION is a federal credit union headquartered in JOHN DAY, OR with 7 branch locations and about $291.77 million in total assets. Opened 67 years ago in 1957, OLD WEST FEDERAL CREDIT UNION has about 15,187 members and employs 84 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: | https://oldwestfcu.com |
| Branches: | 7 branch locations |
| Members: | 15,187 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $291,770,321 |
| CEO/Manager: | Kenneth L Olson |
| Chairperson: | Riccola Voigt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 47,488,263 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 141,053,649 |
| Unsecured Loans | 2,419,421 |
| Other Loans | 47,462,937 |
| TOTAL LOANS | 191,085,494 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,414,052 |
| Land And Building | 6,611,957 |
| Other Fixed Assets | 2,208,490 |
| NCUSIF Deposit | 2,378,781 |
| All Other Assets | 0 |
| TOTAL ASSETS | 291,770,321 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 176,667 |
| Notes & Interest Payable | 28,413 |
| Accounts Payable & Other Liabilities | 3,623,009 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 9,000,000 |
| Share Drafts | 94,373,745 |
| Regular shares | 107,222,755 |
| All Other Shares & Deposits | 54,110,737 |
| TOTAL SHARES & DEPOSITS | 255,707,237 |
| TOTAL LIABILITIES | 268,535,326 |
| Regular Reserve | 0 |
| Other Reserves | -1,326,099 |
| Undivided Earnings | 24,561,094 |
| TOTAL EQUITY | 23,234,995 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 291,770,321 |
| INCOME & EXPENSE | |
| Loan Income | 10,282,015 |
| Investment Income | 2,602,017 |
| Other Income | 511,592 |
| Total Employee Compensation & Benefits | 6,286,124 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,830,323 |
| Non-operating Income & (Expense) | -11,668 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 200,000 |
| Cost of Funds | 1,106,185 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,261,136 |
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