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.
Name: | OTEEN V. A. FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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