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360-943-0757
3900 CLEVELAND AVE SE
TUMWATER, WA 98501-4023

O Bee Credit Union is headquartered in TUMWATER and is the 30th largest credit union in the state of Washington. It is also the 994th largest credit union in the nation. It was established in 1955 and as of March of 2014, it had grown to 59 employees and 19,850 members. O Bee Credit Union's savings rates are 14X the national average, and it has a A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, or worship within Washington State or are employed by select employer groups. You can also qualify if you are related to someone who lives, works or worships within Washington State. - See Details

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Reviews (1)

They Will Hold Your Money At Whim Without Reason.

Obee for no other reason than, "Because we can." put a hold on my account without contacting me. I was away from home and my debit card declined, at first thinking, OMG. I have been hit by a spammer since I had well over a grand in my account, and I discovered my acount only had $0.72!! Nope instead they put a hold on my PAYCHECK!! Why? Did I have overdrafts??? No. never. Did I bounce checks?? No. Never..Did I owe them money?? No. Never, Did I default on loans?? No. Never. I called them and they simply told me that they put a hold on my paycheck because federally they can. Nice huh? So I needed gas to get home, my daughter was at home, did they care? No, not really. This was on a Saturday and they said they would send and "urgent" message for someone to get back to me on MONDAY. They basically told me I needed to sleep on the street until Monday. They would not lift the hold, not even on part of my check so I could get home safely. I caught them in 3 different lies in that phone conversation. Long story short, I am lucky to be alive because I had to hitchhike home. (Nope they wouldn't call a cab for me.) Nice...they put a woman in that kind of danger with the attitude of "Oh well." Try banking at Oly credit union. They don't put holds on paychecks just for the sake of a power trip.



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 O Bee Credit Union had $423,000 in non-current loans and owned real-estate with $16.27 million in equity and loan loss allowances on hand to cover it. This gives O Bee Credit Union a Texas Ratio of 2.60% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for O Bee Credit Union decreased dramatically from 6.50% as of March 31, 2013 to 2.60% as of March 31, 2014, resulting in a positive change of 60.00%.This indicates that the balance sheet and financial strength for O Bee Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, O Bee Credit Union has increased its total deposits by $10.96 million, resulting in 7.35% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth O Bee Credit Union has shown is excellent.

Capitalization

GRADE:
C

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. O Bee Credit Union has $184.3 million in assets with $16.27 million in equity, resulting in a capitalization level of 8.83%, which is average.

Institution Statistics

Overall
NCUA #60059
Year Chartered1955
Employees59
Primary Regulator
Assets and Liabilities
Assets$184.30 million
Loans$158.53 million
Deposits$159.97 million
Equity Capital$15.21 million
Loan Loss Allowance$1.06 million
Unbacked Noncurrent Loans$288,000
Real Estate Owned$135,000
Historic Data - March 2013
Assets$169.12 million
Equity Capital$14.03 million
Loan Loss Allowance$1.19 million
Unbacked Noncurrent Loans$288,000
Real Estate Owned$388,000
Profit Margin - Quarterly
Net Interest Margin1.11%
Return on Assets0.25%
Return on Equity3.05%
Interest Income$1.83 million
Rates

Always verify rates and promotions with the bank or credit union. We are not O Bee Credit Union, we are a rate comparison website and can not provide official rates or promotions.

O Bee Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
7.52%-$500Savings Account - Qualifying
0.10%-$500Savings Account - Non Qualifying
0.10%--IRA Savings Account
0.10%--Health Savings Account
0.10%--Roth IRA Savings Account

O Bee Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-Money Market Account

O Bee Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%--Checking Account

O Bee Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.51%$500-5 Year CD
1.51%$500-5 Year HSA
1.31%$500-4 Year CD
1.31%$500-4 Year HSA
1.00%$500-3 Year CD
1.00%$500-3 Year HSA
0.70%$500-2 Year CD
0.70%$500-2 Year HSA
0.50%$500-1 Year CD
0.50%$500-1 Year HSA
0.15%$500-7 - 29 Day CD
0.15%$500-90 - 179 Day CD
0.15%$500-6 Month CD
0.15%$500-7 - 29 Day HSA
0.15%$500-90 - 179 Day HSA
0.15%$500-6 Month HSA

O Bee Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.51%$500-5 Year IRA
1.31%$500-4 Year IRA
1.00%$500-3 Year IRA
0.70%$500-2 Year IRA
0.50%$500-1 Year IRA
0.15%$500-7 - 29 Day IRA
0.15%$500-90 - 179 Day IRA
0.15%$500-6 Month IRA
Locations


O Bee Credit Union Locations
Branch Office400 Cooper Point Rd SW Ste 1Olympia, WA 98502
Branch Office1126 S 2nd Ave SWTUMWATER, WA 98512
Branch Office3900 CLEVELAND AVE SETUMWATER, WA 98501-4023
Branch Office8665 Martin Way ELACEY, WA 98516
Branch Office700 Lincoln Ave ETENINO, WA 98589-9233