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.
| 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 |
| 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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