Sep, 30, 2025 — OAK FARMS EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 1 branch location and about $3.99 million in total assets. Opened 73 years ago in 1953, OAK FARMS EMPLOYEES CREDIT UNION has about 747 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OAK FARMS EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 3430 Leeland St HOUSTON, TX 77003 |
| Phone: | (713) 547-7118 |
| Fax: | (713) 223-1321 |
| Website: | https://www.ofecu.com |
| Branches: | 1 branch locations |
| Members: | 747 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67624 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,992,015 |
| CEO/Manager: | Sophia A Salinas |
| Chairperson: | Michael Williams |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 519,849 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 698,838 |
| Other Loans | 2,070,418 |
| TOTAL LOANS | 2,769,256 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,718 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 30,373 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,992,015 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,216 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 430,973 |
| Regular shares | 2,015,487 |
| All Other Shares & Deposits | 386,066 |
| TOTAL SHARES & DEPOSITS | 2,832,526 |
| TOTAL LIABILITIES | 2,839,742 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,152,273 |
| TOTAL EQUITY | 1,152,273 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,992,015 |
| INCOME & EXPENSE | |
| Loan Income | 187,594 |
| Investment Income | 27,895 |
| Other Income | 29,142 |
| Total Employee Compensation & Benefits | 111,792 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 103,032 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,500 |
| Cost of Funds | 24,827 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 15,025 |
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