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OLATHE FEDERAL CREDIT UNION

Mar, 31, 2021 — OLATHE FEDERAL CREDIT UNION is a federal credit union headquartered in Olathe, CO with 1 branch location and about $631,482 in total assets. Opened 63 years ago in 1958, OLATHE FEDERAL CREDIT UNION has about 207 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:207
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:$631,482
CEO/Manager:Nancy G Reaksecker
Chairperson:Bonnie Reaksecker

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 274,398
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 28,257
 Other Loans 327,343
 TOTAL LOANS 355,600
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,526
 Land And Building 0
 Other Fixed Assets 2,558
 NCUSIF Deposit 3,452
 All Other Assets 0
  TOTAL ASSETS 631,482
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 212,481
 All Other Shares & Deposits 375,218
  TOTAL SHARES & DEPOSITS 587,699
  TOTAL LIABILITIES 587,699
 Regular Reserve 14,766
 Other Reserves 0
 Undivided Earnings 29,017
  TOTAL EQUITY 43,783
  TOTAL LIABILITIES, SHARES, & EQUITY 631,482
INCOME & EXPENSE  
 Loan Income 7,717
 Investment Income 1
 Other Income 400
 Total Employee Compensation & Benefits 1,500
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,989
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,350
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,279
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