Dec, 31, 2023 — OPERATING ENGINEERS LOCAL UNION #3 FEDERAL CREDIT UNION is a federal credit union headquartered in LIVERMORE, CA with 23 branch locations and about $1.47 billion in total assets. Opened 61 years ago in 1963, OPERATING ENGINEERS LOCAL UNION #3 FEDERAL CREDIT UNION has about 107,029 members and employs 197 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OPERATING ENGINEERS LOCAL UNION #3 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 250 N Canyons Pkwy LIVERMORE, CA 94551 |
| Phone: | (925) 454-4000 |
| Fax: | (925) 449-7801 |
| Website: | https://oefederal.org |
| Branches: | 23 branch locations |
| Members: | 107,029 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24235 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,474,718,962 |
| CEO/Manager: | Jeff Hampton |
| Chairperson: | Dan Reding |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 110,204,504 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 468,235,676 |
| Unsecured Loans | 75,359,939 |
| Other Loans | 344,589,936 |
| TOTAL LOANS | 888,185,551 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,017,544 |
| Land And Building | 13,988,806 |
| Other Fixed Assets | 4,153,393 |
| NCUSIF Deposit | 10,739,182 |
| All Other Assets | 495,678 |
| TOTAL ASSETS | 1,474,718,962 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 16,157,438 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 200,402,334 |
| Regular shares | 511,169,401 |
| All Other Shares & Deposits | 569,000,116 |
| TOTAL SHARES & DEPOSITS | 1,280,571,852 |
| TOTAL LIABILITIES | 1,297,468,510 |
| Regular Reserve | 0 |
| Other Reserves | -39,905,774 |
| Undivided Earnings | 217,156,226 |
| TOTAL EQUITY | 177,250,452 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,474,718,962 |
| INCOME & EXPENSE | |
| Loan Income | 42,581,664 |
| Investment Income | 13,079,765 |
| Other Income | 5,575,226 |
| Total Employee Compensation & Benefits | 23,687,615 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 19,487,251 |
| Non-operating Income & (Expense) | 2,593,947 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,207,692 |
| Cost of Funds | 10,247,113 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,569,897 |
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