Dec, 31, 2023 — OTTAWA HIWAY CREDIT UNION is a federally insured state chartered credit union headquartered in OTTAWA, IL with 2 branch locations and about $15.12 million in total assets. Opened 61 years ago in 1963, OTTAWA HIWAY CREDIT UNION has about 1,249 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: | OTTAWA HIWAY CREDIT UNION |
|---|---|
| Address: (Main Office) | 700 E Norris Dr OTTAWA, IL 61350 |
| Phone: | (815) 434-8475 |
| Fax: | (815) 434-7274 |
| Website: | https://ottawahiwaycu.com |
| Branches: | 2 branch locations |
| Members: | 1,249 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63213 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,115,133 |
| CEO/Manager: | Debra L Rosencrans |
| Chairperson: | Ronald Pohar II |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 970,396 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 542,956 |
| Unsecured Loans | 1,081,576 |
| Other Loans | 4,770,033 |
| TOTAL LOANS | 6,394,566 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -168,346 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 120,115 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,115,133 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 42,192 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 857,347 |
| Regular shares | 8,515,204 |
| All Other Shares & Deposits | 3,665,980 |
| TOTAL SHARES & DEPOSITS | 13,038,531 |
| TOTAL LIABILITIES | 13,080,723 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,034,410 |
| TOTAL EQUITY | 2,034,410 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,115,133 |
| INCOME & EXPENSE | |
| Loan Income | 381,486 |
| Investment Income | 184,637 |
| Other Income | 48,637 |
| Total Employee Compensation & Benefits | 224,581 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 132,540 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,000 |
| Cost of Funds | 91,441 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 149,391 |
| ↑ Back to Top | |