Sep, 30, 2025 — O BEE CREDIT UNION is a federally insured state chartered credit union headquartered in LACEY, WA with 6 branch locations and about $649.10 million in total assets. Opened 71 years ago in 1955, O BEE CREDIT UNION has about 35,860 members and employs 150 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | O BEE CREDIT UNION |
|---|---|
| Address: (Main Office) | 649 Woodland Square Loop SE LACEY, WA 98503 |
| Phone: | (360) 943-0740 |
| Fax: | |
| Website: | https://www.obee.com |
| Branches: | 6 branch locations |
| Members: | 35,860 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60059 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $649,100,480 |
| CEO/Manager: | Andrew Downin |
| Chairperson: | Prabakaran Manoharan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 45,762,769 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 388,805,214 |
| Unsecured Loans | 32,500,729 |
| Other Loans | 155,593,253 |
| TOTAL LOANS | 576,899,196 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,050,728 |
| Land And Building | 4,378,452 |
| Other Fixed Assets | 2,090,628 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,849,484 |
| All Other Assets | 270,620 |
| TOTAL ASSETS | 649,100,480 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 138,039 |
| Notes & Interest Payable | 29,999,998 |
| Accounts Payable & Other Liabilities | 9,290,698 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 11,200,000 |
| Share Drafts | 125,769,325 |
| Regular shares | 99,482,508 |
| All Other Shares & Deposits | 329,900,646 |
| TOTAL SHARES & DEPOSITS | 555,152,479 |
| TOTAL LIABILITIES | 605,798,610 |
| Regular Reserve | 0 |
| Other Reserves | 2,077,054 |
| Undivided Earnings | 41,224,816 |
| TOTAL EQUITY | 43,301,870 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 649,100,480 |
| INCOME & EXPENSE | |
| Loan Income | 28,322,361 |
| Investment Income | 1,870,504 |
| Other Income | 2,772,286 |
| Total Employee Compensation & Benefits | 11,084,315 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 9,639,223 |
| Non-operating Income & (Expense) | 89,900 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,802,721 |
| Cost of Funds | 9,258,860 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,873,334 |
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