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National Credit Union Service Organization

OUR COMMUNITY CREDIT UNION

Dec, 31, 2023 — OUR COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in SHELTON, WA with 8 branch locations and about $594.85 million in total assets. Opened 83 years ago in 1941, OUR COMMUNITY CREDIT UNION has about 31,596 members and employs 103 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: 325182357
Name:OUR COMMUNITY CREDIT UNION
Address:
(Main Office)
526 W Cedar St
SHELTON, WA 98584
Phone:(800) 426-5657
Fax:
Website:https://www.ourcu.com
Branches:8 branch locations
Members:31,596
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68609
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1941
Last Audited:Jun 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$594,854,081
CEO/Manager:Ryan Drake
Chairperson:Mark Mager

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 20,493,874
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 83,245,448
 Unsecured Loans 25,158,693
 Other Loans 144,666,975
 TOTAL LOANS 253,071,116
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,158,887
 Land And Building 6,661,321
 Other Fixed Assets 3,152,936
 NCUSIF Deposit 4,979,890
 All Other Assets 86,454
  TOTAL ASSETS 594,854,081
LIABILITIES & CAPITAL:  
 Dividends Payable 523,870
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 8,654,091
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 124,723,815
 Regular shares 249,488,107
 All Other Shares & Deposits 153,426,610
  TOTAL SHARES & DEPOSITS 527,638,532
  TOTAL LIABILITIES 536,816,493
 Regular Reserve 0
 Other Reserves -4,010,972
 Undivided Earnings 62,048,560
  TOTAL EQUITY 58,037,588
  TOTAL LIABILITIES, SHARES, & EQUITY 594,854,081
INCOME & EXPENSE  
 Loan Income 13,154,914
 Investment Income 12,052,056
 Other Income 5,932,023
 Total Employee Compensation & Benefits 9,976,757
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,459,986
 Non-operating Income & (Expense) 191,943
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,898,522
 Cost of Funds 4,391,334
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,449,020
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