Dec, 31, 2023 — THE FOCUS FEDERAL CREDIT UNION is a federal credit union headquartered in OKLAHOMA CITY, OK with 4 branch locations and about $159.52 million in total assets. Opened 69 years ago in 1955, THE FOCUS FEDERAL CREDIT UNION has about 11,861 members and employs 43 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THE FOCUS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 420 NE 10th St OKLAHOMA CITY, OK 73104 |
| Phone: | (405) 230-1328 |
| Fax: | (405) 488-2818 |
| Website: | https://www.focusok.com |
| Branches: | 4 branch locations |
| Members: | 11,861 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10283 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $159,523,478 |
| CEO/Manager: | Kyle M Roush |
| Chairperson: | Steve Ronck |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,186,879 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 36,288,046 |
| Unsecured Loans | 9,260,571 |
| Other Loans | 72,790,953 |
| TOTAL LOANS | 121,445,858 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -496,229 |
| Land And Building | 7,935,051 |
| Other Fixed Assets | 715,464 |
| NCUSIF Deposit | 1,281,613 |
| All Other Assets | 37,530 |
| TOTAL ASSETS | 159,523,478 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,601,117 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 31,000,862 |
| Regular shares | 63,906,540 |
| All Other Shares & Deposits | 50,974,435 |
| TOTAL SHARES & DEPOSITS | 145,881,838 |
| TOTAL LIABILITIES | 148,483,003 |
| Regular Reserve | 0 |
| Other Reserves | -788,865 |
| Undivided Earnings | 11,829,340 |
| TOTAL EQUITY | 11,040,475 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 159,523,478 |
| INCOME & EXPENSE | |
| Loan Income | 5,680,516 |
| Investment Income | 563,757 |
| Other Income | 877,290 |
| Total Employee Compensation & Benefits | 2,833,313 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,197,336 |
| Non-operating Income & (Expense) | 2,622 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 416,711 |
| Cost of Funds | 1,230,600 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 567,444 |
| ↑ Back to Top | |