Jun, 30, 2024 — O BEE CREDIT UNION is a federally insured state chartered credit union headquartered in LACEY, WA with 7 branch locations and about $562.77 million in total assets. Opened 69 years ago in 1955, O BEE CREDIT UNION has about 33,658 members and employs 129 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: | 7 branch locations |
| Members: | 33,658 |
| 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: | Mar 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $562,771,197 |
| CEO/Manager: | James Collins |
| Chairperson: | Jason Gordon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 52,639,659 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 287,065,763 |
| Unsecured Loans | 24,154,911 |
| Other Loans | 172,856,976 |
| TOTAL LOANS | 484,077,650 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,598,972 |
| Land And Building | 5,989,309 |
| Other Fixed Assets | 2,901,328 |
| NCUSIF Deposit | 3,968,987 |
| All Other Assets | 460,003 |
| TOTAL ASSETS | 562,771,197 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,524 |
| Notes & Interest Payable | 34,999,999 |
| Accounts Payable & Other Liabilities | 8,888,545 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 12,000,000 |
| Share Drafts | 151,807,557 |
| Regular shares | 149,569,018 |
| All Other Shares & Deposits | 167,075,092 |
| TOTAL SHARES & DEPOSITS | 468,451,667 |
| TOTAL LIABILITIES | 524,349,735 |
| Regular Reserve | 0 |
| Other Reserves | 2,077,054 |
| Undivided Earnings | 36,344,408 |
| TOTAL EQUITY | 38,421,462 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 562,771,197 |
| INCOME & EXPENSE | |
| Loan Income | 13,190,474 |
| Investment Income | 404,257 |
| Other Income | 2,972,583 |
| Total Employee Compensation & Benefits | 8,104,255 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,590,030 |
| Non-operating Income & (Expense) | 252,674 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,025,473 |
| Cost of Funds | 816,971 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,633,595 |
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