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OTEEN V. A. FEDERAL CREDIT UNION

Dec, 31, 2023 — OTEEN V. A. FEDERAL CREDIT UNION is a federal credit union headquartered in ASHEVILLE, NC with 1 branch location and about $33.36 million in total assets. Opened 88 years ago in 1936, OTEEN V. A. FEDERAL CREDIT UNION has about 2,046 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:2,046
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, 2023
FHLB Member:No
Low Income Designation:No
Assets:$33,359,523
CEO/Manager:Maria H Mathis
Chairperson:Allen Pfeiffer

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,847,412
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 7,643,296
 Unsecured Loans 1,526,118
 Other Loans 4,184,262
 TOTAL LOANS 13,353,676
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -49,375
 Land And Building 127,016
 Other Fixed Assets 21,600
 NCUSIF Deposit 299,568
 All Other Assets 0
  TOTAL ASSETS 33,359,523
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 36,396
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,689,622
 Regular shares 18,966,301
 All Other Shares & Deposits 4,900,622
  TOTAL SHARES & DEPOSITS 30,556,545
  TOTAL LIABILITIES 30,592,941
 Regular Reserve 0
 Other Reserves 500,039
 Undivided Earnings 2,266,543
  TOTAL EQUITY 2,766,582
  TOTAL LIABILITIES, SHARES, & EQUITY 33,359,523
INCOME & EXPENSE  
 Loan Income 619,258
 Investment Income 651,265
 Other Income 241,688
 Total Employee Compensation & Benefits 387,266
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 503,621
 Non-operating Income & (Expense) 5,322
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 34,441
 Cost of Funds 32,322
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 559,883
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