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.
Name: | OUR COMMUNITY CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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