Dec, 31, 2023 — MID OREGON FEDERAL CREDIT UNION is a federal credit union headquartered in BEND, OR with 9 branch locations and about $706.12 million in total assets. Opened 67 years ago in 1957, MID OREGON FEDERAL CREDIT UNION has about 46,635 members and employs 151 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MID OREGON FEDERAL CREDIT UNION |
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Address: (Main Office) | 63088 18th St BEND, OR 97701-7102 |
Phone: | (541) 382-1795 |
Fax: | |
Website: | https://www.midoregon.com |
Branches: | 9 branch locations |
Members: | 46,635 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12084 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $706,115,871 |
CEO/Manager: | Kevin L Cole |
Chairperson: | Tim S Johnson |
ASSETS: | $ Amount |
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Cash & Equivalents | 32,061,591 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 340,467,154 |
Unsecured Loans | 19,814,140 |
Other Loans | 246,151,909 |
TOTAL LOANS | 606,433,204 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,973,820 |
Land And Building | 20,213,666 |
Other Fixed Assets | 1,930,854 |
NCUSIF Deposit | 5,752,415 |
All Other Assets | 568,963 |
TOTAL ASSETS | 706,115,871 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 12,725 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,590,623 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 10,000,000 |
Share Drafts | 165,546,752 |
Regular shares | 107,607,995 |
All Other Shares & Deposits | 349,918,634 |
TOTAL SHARES & DEPOSITS | 623,073,381 |
TOTAL LIABILITIES | 639,676,729 |
Regular Reserve | 0 |
Other Reserves | 1,658,708 |
Undivided Earnings | 64,780,434 |
TOTAL EQUITY | 66,439,142 |
TOTAL LIABILITIES, SHARES, & EQUITY | 706,115,871 |
INCOME & EXPENSE | |
Loan Income | 35,622,271 |
Investment Income | 2,280,799 |
Other Income | 3,020,729 |
Total Employee Compensation & Benefits | 13,808,051 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,351,939 |
Non-operating Income & (Expense) | -201,890 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,132,028 |
Cost of Funds | 7,849,124 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 13,466,089 |
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