Dec, 31, 2023 — OREGON COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in EUGENE, OR with 14 branch locations and about $3.33 billion in total assets. Opened 43 years ago in 1981, OREGON COMMUNITY CREDIT UNION has about 264,575 members and employs 604 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OREGON COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2880 Chad Dr EUGENE, OR 97408 |
| Phone: | (541) 687-2347 |
| Fax: | (541) 681-6105 |
| Website: | https://www.myoccu.org |
| Branches: | 14 branch locations |
| Members: | 264,575 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65856 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1981 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,334,913,683 |
| CEO/Manager: | Ronald Neumann |
| Chairperson: | Bill Inge |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 191,666,981 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 2,985,051 |
| Real Estate Loans | 1,057,051,412 |
| Unsecured Loans | 320,211,255 |
| Other Loans | 1,620,762,160 |
| TOTAL LOANS | 2,998,316,622 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -42,885,368 |
| Land And Building | 12,729,402 |
| Other Fixed Assets | 4,961,212 |
| NCUSIF Deposit | 25,981,293 |
| All Other Assets | 7,498,921 |
| TOTAL ASSETS | 3,334,913,683 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 19,684 |
| Notes & Interest Payable | 80,000,000 |
| Accounts Payable & Other Liabilities | 248,564,008 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 656,643,200 |
| Regular shares | 634,985,407 |
| All Other Shares & Deposits | 1,396,092,253 |
| TOTAL SHARES & DEPOSITS | 2,687,720,860 |
| TOTAL LIABILITIES | 3,016,304,552 |
| Regular Reserve | 0 |
| Other Reserves | -251,458 |
| Undivided Earnings | 318,860,589 |
| TOTAL EQUITY | 318,609,131 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,334,913,683 |
| INCOME & EXPENSE | |
| Loan Income | 177,248,050 |
| Investment Income | 11,397,128 |
| Other Income | 12,160,926 |
| Total Employee Compensation & Benefits | 63,605,315 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 43,456,024 |
| Non-operating Income & (Expense) | 14,378 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 43,169,998 |
| Cost of Funds | 73,145,739 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,373,493 |
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