Credit union
Operating Engineers Local Union #3 Federal Credit Union
Livermore, California, Alameda County, CA
$1.7B in total assets and 123,532 members, the 298th largest of 4,298 US credit unions and 41st of 229 headquartered in California.
- NCUA charter
- 24235
- Charter
- Federal
- Chartered
- 1986
- NCUA insured since
- 1986
- Field of membership
- Multiple common bond - other
- Low-income designation
- Yes
- Website
- https://www.oefederal.org/
At a glance
Compared with 59 federally insured credit unions in California with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.7B | 39% | $2.1B | |
| Loans | $860M | 19% | $1.3B | |
| Deposits (shares) | $1.4B | 39% | $1.7B | |
| Members | 123,532 | 58% | 93,298 | |
| Return on assets | 1.79% | 98% | 0.72% | |
| Net interest income to assets | 3.46% | 68% | 3.20% | |
| Efficiency ratio | 60.5% | 10% | 74.0% | |
| Net worth ratio | 15.48% | 93% | 10.44% | |
| Loans to shares | 60% | 12% | 83% | |
| Cost of deposits | 1.40% | 37% | 1.58% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 5.6% a year over 10 years and 4.0% a year over the last 5, including 1 merger in the last 10 years. Membership grew 6.9% a year over 5 years, to 123,532.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Apr 2018 | E. W. No. 401 Credit Union Credit union, Reno, NV | $14M |
| Oct 2015 | IBEW Members + Credit Union Credit union, Martinez, CA | $18M |
| Apr 2014 | I. U. O. E. #9 Credit Union Credit union, Denver, CO | $2M |
| Oct 2013 | United Workers Federal Credit Union Credit union, Castro Valley, CA | $6M |
| Apr 2013 | Sheet Metal Workers Lo No 312 Federal Credit Union Credit union, Salt Lake City, UT | $4M |
Where they operate
28 branches in 23 counties.
1 of 28 branch locations are approximate (ZIP code centers).
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| Alameda County, CA | 3 | 1.1% | 17 of 60 |
| Sacramento County, CA | 2 | 0.8% | 24 of 48 |
| San Joaquin County, CA | 2 | 1.8% | 15 of 26 |
| Santa Clara County, CA | 2 | 0.5% | 29 of 63 |
| Contra Costa County, CA | 1 | 0.4% | 30 of 56 |
| Fresno County, CA | 1 | 0.7% | 20 of 36 |
| Humboldt County, CA | 1 | 2.9% | 10 of 11 |
| Los Angeles County, CA | 1 | 0.1% | 138 of 198 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 25 | |
| 2017 | 25 | 0 |
| 2018 | 25 | 0 |
| 2019 | 25 | 0 |
| 2020 | 25 | 0 |
| 2021 | 24 | −1 |
| 2022 | 24 | 0 |
| 2023 | 24 | 0 |
| 2024 | 27 | +3 |
| 2025 | 27 | 0 |
| Jun 2026 | 28 | +1 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 0.60% | 0.61% |
| Net worth ratio | 15.48% | 10.44% |
| Loans to shares | 60% | 83% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in California
Most branches in Alameda County, CA
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.