Dec, 31, 2023 — OZARK FEDERAL CREDIT UNION is a federal credit union headquartered in POPLAR BLUFF, MO with 6 branch locations and about $100.69 million in total assets. Opened 72 years ago in 1952, OZARK FEDERAL CREDIT UNION has about 15,111 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OZARK FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2438 Katy LN POPLAR BLUFF, MO 63901-2304 |
| Phone: | (573) 686-7221 |
| Fax: | (573) 686-1949 |
| Website: | https://www.ozarkfcu.com |
| Branches: | 6 branch locations |
| Members: | 15,111 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7641 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Oct 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $100,685,722 |
| CEO/Manager: | Chad H Wolfram |
| Chairperson: | Edwin L Ervin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,464,921 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 24,126,736 |
| Unsecured Loans | 3,686,776 |
| Other Loans | 44,072,918 |
| TOTAL LOANS | 71,886,430 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -353,673 |
| Land And Building | 3,529,260 |
| Other Fixed Assets | 306,728 |
| NCUSIF Deposit | 872,726 |
| All Other Assets | 0 |
| TOTAL ASSETS | 100,685,722 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 65,066 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,605,326 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,450,768 |
| Regular shares | 45,583,558 |
| All Other Shares & Deposits | 20,902,334 |
| TOTAL SHARES & DEPOSITS | 88,936,661 |
| TOTAL LIABILITIES | 90,607,053 |
| Regular Reserve | 0 |
| Other Reserves | 2,907,276 |
| Undivided Earnings | 7,171,393 |
| TOTAL EQUITY | 10,078,669 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 100,685,722 |
| INCOME & EXPENSE | |
| Loan Income | 3,882,681 |
| Investment Income | 950,484 |
| Other Income | 1,055,642 |
| Total Employee Compensation & Benefits | 2,245,050 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,095,389 |
| Non-operating Income & (Expense) | 102,688 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 256,288 |
| Cost of Funds | 440,707 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,714,968 |
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» See also Statement of Financial Condition