Dec, 31, 2023 — OKLAHOMA'S CREDIT UNION is a federal credit union headquartered in OKLAHOMA CITY, OK with 6 branch locations and about $795.99 million in total assets. Opened 70 years ago in 1954, OKLAHOMA'S CREDIT UNION has about 52,743 members and employs 155 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OKLAHOMA'S CREDIT UNION |
|---|---|
| Address: (Main Office) | 3001 N Lincoln Blvd OKLAHOMA CITY, OK 73105 |
| Phone: | (405) 606-6328 |
| Fax: | (405) 602-6337 |
| Website: | https://www.okcu.org |
| Branches: | 6 branch locations |
| Members: | 52,743 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24953 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $795,985,053 |
| CEO/Manager: | Luann Schmiedel |
| Chairperson: | Mike Patterson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 47,419,478 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 350,000 |
| Real Estate Loans | 228,825,028 |
| Unsecured Loans | 28,003,224 |
| Other Loans | 328,060,152 |
| TOTAL LOANS | 584,888,404 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,789,000 |
| Land And Building | 13,990,065 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 4,913,666 |
| All Other Assets | 963,508 |
| TOTAL ASSETS | 795,985,053 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 186 |
| Notes & Interest Payable | 78,500,000 |
| Accounts Payable & Other Liabilities | 8,662,432 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 125,063,765 |
| Regular shares | 183,522,227 |
| All Other Shares & Deposits | 315,301,003 |
| TOTAL SHARES & DEPOSITS | 623,886,996 |
| TOTAL LIABILITIES | 711,093,614 |
| Regular Reserve | 0 |
| Other Reserves | -15,883,817 |
| Undivided Earnings | 100,775,256 |
| TOTAL EQUITY | 84,891,439 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 795,985,053 |
| INCOME & EXPENSE | |
| Loan Income | 30,937,625 |
| Investment Income | 5,872,530 |
| Other Income | 4,455,710 |
| Total Employee Compensation & Benefits | 13,139,534 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 10,015,740 |
| Non-operating Income & (Expense) | 311,319 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,613,491 |
| Cost of Funds | 12,265,325 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,462,993 |
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