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OLATHE FEDERAL CREDIT UNION

Dec, 31, 2020 — OLATHE FEDERAL CREDIT UNION is a federal credit union headquartered in Olathe, CO with 1 branch location and about $583,054 in total assets. Opened 63 years ago in 1958, OLATHE FEDERAL CREDIT UNION has about 204 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:OLATHE FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 239
Olathe, CO 81425-9737
Phone:(970) 323-5448
Fax:(970) 323-5512
Website:n/a
Branches:1 branch locations
Members:204
Credit Union Type:Federal Credit Union
Charter Number:12608
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1958
Last Audited:Apr 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$583,054
CEO/Manager:Nancy G Reaksecker
Chairperson:Bonnie Reaksecker

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 205,978
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 34,584
 Other Loans 340,707
 TOTAL LOANS 375,291
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,537
 Land And Building 0
 Other Fixed Assets 2,145
 NCUSIF Deposit 3,452
 All Other Assets 725
  TOTAL ASSETS 583,054
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 169,681
 All Other Shares & Deposits 372,868
  TOTAL SHARES & DEPOSITS 542,549
  TOTAL LIABILITIES 542,549
 Regular Reserve 14,766
 Other Reserves 0
 Undivided Earnings 25,739
  TOTAL EQUITY 40,505
  TOTAL LIABILITIES, SHARES, & EQUITY 583,054
INCOME & EXPENSE  
 Loan Income 29,105
 Investment Income 11
 Other Income 3,163
 Total Employee Compensation & Benefits 4,048
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,836
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 8,439
 Cost of Funds 3,774
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,182
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