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Owensboro Credit Union

Overview
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Owensboro Credit Union is a federal credit union based in Owensboro, Kentucky. It has been opened since 1953, for 67 years.

With around $56,440,000 in assets, Owensboro Credit Union is considered to be an average size credit union. It has 3 branches and 3 ATM locations.

About
Address 717 Harvard Drive
Owensboro, Kentucky 42301
Website http://www.ofcuonline.com
Phone (270) 683-1054
Fax (270) 685-3987
CEO Doris M. Berry
President of the Board James Cook
Services Offered
Map
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Score Card
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67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
6,017 members
Membership type: Multiple common bond – primary federal, state, local government
Above average number of members
365:1
Credit union member to staff ratio
365 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$56,441,573
Total assets
Average size
3 branches
Compared with an average of 4 nationally and 3 in Kentucky
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
14.88%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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3 branches
Compared with an average of 4 nationally and 3 in Kentucky
Above average number of branches
Owensboro Credit Union Branch Locations

Owensboro Federal Credit Union
717 Harvard Drive
Owensboro, Kentucky 42301
ATM Available
Owensboro Credit Union: Share One, Inc
2650 Thousand Oaks Boulevard Suite 1120
Memphis, Tennessee 38118
No ATM
Owensboro Federal Credit Union
1412 Chelsa Drive
Madisonville, Kentucky 42431
ATM Available
Owensboro Federal Credit Union
1208 Triplett Street
Owensboro, Kentucky 42303
ATM Available
Members
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6,017 members
Membership type: Multiple common bond – primary federal, state, local government
Above average number of members

With 6,017 members, the Owensboro Credit Union is considered to be a large credit union. It is larger than 61% of credit unions.

Fees
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$119
Average fee per member
The average fee per member at the Owensboro Credit Union is $119, which is very high compared to most credit unions. This rate is higher than 91% 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 Owensboro Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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365:1
Credit union member to staff ratio
365 per each FTE employee
Compared to 411:1 nationally
Average number of staff
16 staff members
FTE (full-time equivalent)
6% of employees are part-time
16 full-time, 1 part-time

Owensboro Credit Union has 16 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 94% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Owensboro Credit Union has around 365 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$56,441,573
Total assets
Average size
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.
12.5%
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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$9,709
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 46% of credit unions.

Owensboro Credit Union holds a total of $26,320,000 in loans and leases, which is about $9,709 per member on average.

Savings interest rate
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0.10%
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. Owensboro Credit Union pays 0.10%.

Loan rates
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14.88%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.10%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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5.00%
New car loan rate
Compared to 4.0% nationally
5.50%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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