Jun, 30, 2024 — OLYMPIA CREDIT UNION is a federally insured state chartered credit union headquartered in OLYMPIA, WA with 2 branch locations and about $54.55 million in total assets. Opened 60 years ago in 1965, OLYMPIA CREDIT UNION has about 3,729 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OLYMPIA CREDIT UNION |
|---|---|
| Address: (Main Office) | 202 9th Ave SE OLYMPIA, WA 98501-9315 |
| Phone: | (360) 754-5559 |
| Fax: | (360) 352-9156 |
| Website: | https://www.olycu.org |
| Branches: | 2 branch locations |
| Members: | 3,729 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68331 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $54,548,727 |
| CEO/Manager: | Tammy Doles-Roberts |
| Chairperson: | Larry Lufkin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 395,914 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,676,951 |
| Unsecured Loans | 1,355,081 |
| Other Loans | 28,460,682 |
| TOTAL LOANS | 37,492,714 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -106,305 |
| Land And Building | 284,060 |
| Other Fixed Assets | 247,384 |
| NCUSIF Deposit | 484,169 |
| All Other Assets | 0 |
| TOTAL ASSETS | 54,548,727 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 155,317 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,486,384 |
| Regular shares | 27,149,757 |
| All Other Shares & Deposits | 8,521,753 |
| TOTAL SHARES & DEPOSITS | 50,157,894 |
| TOTAL LIABILITIES | 50,313,211 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,235,516 |
| TOTAL EQUITY | 4,235,516 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 54,548,727 |
| INCOME & EXPENSE | |
| Loan Income | 984,261 |
| Investment Income | 55,886 |
| Other Income | 231,623 |
| Total Employee Compensation & Benefits | 801,851 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 609,825 |
| Non-operating Income & (Expense) | 105 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -5,506 |
| Cost of Funds | 35,878 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 209,146 |
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