Dec, 31, 2023 — U.S. EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in OKLAHOMA CITY, OK with 4 branch locations and about $207.53 million in total assets. Opened 86 years ago in 1938, U.S. EMPLOYEES FEDERAL CREDIT UNION has about 17,717 members and employs 52 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | U.S. EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4301 S INTERSTATE 44 SERVICE RD OKLAHOMA CITY, OK 73119 |
| Phone: | (405) 685-6200 |
| Fax: | (405) 682-6235 |
| Website: | https://www.usecreditunion.org |
| Branches: | 4 branch locations |
| Members: | 17,717 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2744 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $207,528,645 |
| CEO/Manager: | RUSSELL NEUENSCHWANDER |
| Chairperson: | DON SHEETS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,242,894 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 35,473,343 |
| Unsecured Loans | 13,116,347 |
| Other Loans | 89,748,855 |
| TOTAL LOANS | 138,338,545 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -992,942 |
| Land And Building | 7,634,672 |
| Other Fixed Assets | 368,084 |
| NCUSIF Deposit | 1,734,154 |
| All Other Assets | 496,647 |
| TOTAL ASSETS | 207,528,645 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,868 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 218,202 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 35,283,008 |
| Regular shares | 73,987,255 |
| All Other Shares & Deposits | 76,210,936 |
| TOTAL SHARES & DEPOSITS | 185,481,199 |
| TOTAL LIABILITIES | 185,710,554 |
| Regular Reserve | 0 |
| Other Reserves | -8,764,284 |
| Undivided Earnings | 30,582,375 |
| TOTAL EQUITY | 21,818,091 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 207,528,645 |
| INCOME & EXPENSE | |
| Loan Income | 7,296,089 |
| Investment Income | 1,566,553 |
| Other Income | 1,193,920 |
| Total Employee Compensation & Benefits | 3,427,963 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,935,832 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 540,919 |
| Cost of Funds | 2,138,387 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,610,958 |
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