Sep, 30, 2025 — OLD OCEAN FEDERAL CREDIT UNION is a federal credit union headquartered in SWEENY, TX with 1 branch location and about $40.30 million in total assets. Opened 77 years ago in 1949, OLD OCEAN FEDERAL CREDIT UNION has about 3,002 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OLD OCEAN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 867 SWEENY, TX 77480 |
| Phone: | (979) 316-4833 |
| Fax: | (979) 647-4813 |
| Website: | https://www.oofcu.org |
| Branches: | 1 branch locations |
| Members: | 3,002 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6175 |
|---|---|
| Membership Type: | Multiple common bond - Primarily petroleum refining |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Aug 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $40,303,910 |
| CEO/Manager: | PAM BOHAC |
| Chairperson: | ALBERT HERRETH |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,890,894 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 3,331,267 |
| Other Loans | 12,347,797 |
| TOTAL LOANS | 15,679,064 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -360,410 |
| Land And Building | 1,140,325 |
| Other Fixed Assets | 7,273 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 308,186 |
| All Other Assets | 82,167 |
| TOTAL ASSETS | 40,303,910 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 301,048 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,519,186 |
| Regular shares | 20,294,044 |
| All Other Shares & Deposits | 2,219,163 |
| TOTAL SHARES & DEPOSITS | 32,032,393 |
| TOTAL LIABILITIES | 32,333,441 |
| Regular Reserve | 0 |
| Other Reserves | 683,549 |
| Undivided Earnings | 7,286,920 |
| TOTAL EQUITY | 7,970,469 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 40,303,910 |
| INCOME & EXPENSE | |
| Loan Income | 811,363 |
| Investment Income | 758,694 |
| Other Income | 288,129 |
| Total Employee Compensation & Benefits | 579,437 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 843,910 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 41,738 |
| Cost of Funds | 32,116 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 652,662 |
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