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OTEEN V. A. FEDERAL CREDIT UNION

Sep, 30, 2025 — OTEEN V. A. FEDERAL CREDIT UNION is a federal credit union headquartered in ASHEVILLE, NC with 1 branch location and about $33.50 million in total assets. Opened 90 years ago in 1936, OTEEN V. A. FEDERAL CREDIT UNION has about 2,064 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 253176794
Name:OTEEN V. A. FEDERAL CREDIT UNION
Address:
(Main Office)
1100 Tunnel Rd Unit 24
ASHEVILLE, NC 28805-2577
Phone:(828) 298-8521
Fax:(828) 298-8532
Website:https://www.oteencreditunion.com
Branches:1 branch locations
Members:2,064
Credit Union Type:Federal Credit Union
Charter Number:932
Membership Type:Multiple common bond - Primarily health care
Corporate Credit Union:No
Year Opened:1936
Last Audited:Sep 01, 2025
FHLB Member:No
Low Income Designation:No
Assets:$33,498,008
CEO/Manager:Shannon R Austin
Chairperson:Allen Pfeiffer

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,045,685
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 7,180,321
 Unsecured Loans 1,588,066
 Other Loans 5,032,938
 TOTAL LOANS 13,801,325
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -53,272
 Land And Building 107,403
 Other Fixed Assets 27,929
 NCUSIF (National Credit Union Share Insurance Fund) Deposit 287,872
 All Other Assets 0
  TOTAL ASSETS 33,498,008
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 59,739
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,930,251
 Regular shares 17,036,071
 All Other Shares & Deposits 5,493,783
  TOTAL SHARES & DEPOSITS 29,460,105
  TOTAL LIABILITIES 29,519,844
 Regular Reserve 0
 Other Reserves 500,039
 Undivided Earnings 3,478,125
  TOTAL EQUITY 3,978,164
  TOTAL LIABILITIES, SHARES, & EQUITY 33,498,008
INCOME & EXPENSE  
 Loan Income 687,464
 Investment Income 484,212
 Other Income 112,158
 Total Employee Compensation & Benefits 291,765
 NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense 0
 Total Other Operating Expenses 409,581
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,279
 Cost of Funds 86,242
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 558,991
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