Dec, 31, 2023 — OLATHE FEDERAL CREDIT UNION is a federal credit union headquartered in OLATHE, CO with 1 branch location and about $943,540 in total assets. Opened 66 years ago in 1958, OLATHE FEDERAL CREDIT UNION has about 245 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) | 314 Main St OLATHE, CO 81425 |
| Phone: | (970) 323-5448 |
| Fax: | (970) 323-5512 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 245 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $943,540 |
| CEO/Manager: | Nancy G Reaksecker |
| Chairperson: | Bonnie Reaksecker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 213,939 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 84,661 |
| Other Loans | 644,657 |
| TOTAL LOANS | 729,318 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,938 |
| Land And Building | 0 |
| Other Fixed Assets | 1,791 |
| NCUSIF Deposit | 6,430 |
| All Other Assets | 0 |
| TOTAL ASSETS | 943,540 |
| 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 | 157,520 |
| All Other Shares & Deposits | 701,722 |
| TOTAL SHARES & DEPOSITS | 859,242 |
| TOTAL LIABILITIES | 859,242 |
| Regular Reserve | 0 |
| Other Reserves | 15,397 |
| Undivided Earnings | 68,901 |
| TOTAL EQUITY | 84,298 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 943,540 |
| INCOME & EXPENSE | |
| Loan Income | 53,097 |
| Investment Income | 472 |
| Other Income | 2,013 |
| Total Employee Compensation & Benefits | 18,160 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,952 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,245 |
| Cost of Funds | 6,378 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 21,847 |
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