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O Bee Credit Union

Overview
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O Bee Credit Union is a federally insured state credit union based in Tumwater, Washington. It has been opened since 1955, for 65 years.

With around $301,050,000 in assets, O Bee Credit Union is considered to be a very large credit union. It has 8 branches and 6 ATM locations.

About
Address 3900 Cleveland Avenue SE
Tumwater, Washington 98501
Website https://www.obee.com
Phone (360) 943-0757
Fax (360) 956-9845
CEO James Collins
President of the Board Carolyn Caruso
Services Offered
Map
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Score Card
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65 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
30,469 members
Membership type: State chartered natural person credit union
Above average number of members
335:1
Credit union member to staff ratio
335 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$301,048,045
Total assets
Above average
8 branches
Compared with an average of 4 nationally and 6 in Washington
Above average number of branches
0.07%
Savings interest rate
Compared to 0.3% nationally
8.75%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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8 branches
Compared with an average of 4 nationally and 6 in Washington
Above average number of branches
O Bee Credit Union Branch Locations

O. Bee Credit Union: Lacey
8665 Martin Way E.
Lacey, Washington 98516
ATM Available
O. Bee Credit Union: Tumwater
3900 Cleveland Avenue SE
Tumwater, Washington 98501
ATM Available
O. Bee Credit Union: Contact Center
1126 2nd Avenue SW
Tumwater, Washington 98512
No ATM
O. Bee Credit Union: West Olympia
400 Cooper Point Road SW Suite 1
Olympia, Washington 98502
ATM Available
O. Bee Credit Union: Yelm
1201 E. Yelm Avenue Suite 100
Yelm, Washington 98597
ATM Available
O. Bee Credit Union: Tenino
149 Sussex Avenue W.
Tenino, Washington 98589
ATM Available
O. Bee Credit Union: Point Ruston
5062 Main Street
Tacoma, Washington 98407
ATM Available
O. Bee Credit Union: Fern Hill
8002 Pacific Avenue
Tacoma, Washington 98408
No ATM
Members
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30,469 members
Membership type: State chartered natural person credit union
Above average number of members

With 30,469 members, the O Bee Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 87% of credit unions.

Fees
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$114
Average fee per member
The average fee per member at the O Bee Credit Union is $114, which is very high compared to most credit unions. This rate is higher than 89% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the O Bee Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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335:1
Credit union member to staff ratio
335 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
91 staff members
FTE (full-time equivalent)
16% of employees are part-time
83 full-time, 16 part-time

O Bee Credit Union has 83 full-time staff members and 16 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 84% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. O Bee Credit Union has around 335 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$301,048,045
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
9.1%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$13,453
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 73% of credit unions.

O Bee Credit Union holds a total of $273,100,000 in loans and leases, which is about $13,453 per member on average.

Savings interest rate
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0.07%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. O Bee Credit Union pays 0.07%.

Loan rates
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8.75%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
13.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.24%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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5.74%
New car loan rate
Compared to 4.0% nationally
12.75%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.38%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally