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OK FEDERAL CREDIT UNION

Mar, 31, 2021 — OK FEDERAL CREDIT UNION is a federal credit union headquartered in Bartlesville, OK with 1 branch location and about $25.50 million in total assets. Opened 66 years ago in 1955, OK FEDERAL CREDIT UNION has about 3,367 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:OK FEDERAL CREDIT UNION
Address:
(Main Office)
3900 SE Adams Rd
Bartlesville, OK 74006
Phone:(918) 335-1844
Fax:(918) 335-2058
Website:http://www.okfcu.org
Branches:1 branch locations
Members:3,367
Credit Union Type:Federal Credit Union
Charter Number:10158
Membership Type:Multiple common bond - Primarily communications and utilities
Corporate Credit Union:No
Year Opened:1955
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$25,503,894
CEO/Manager:James L Franks
Chairperson:Milton Fielder

Call Report

  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,209,763
TOTAL INVESTMENTS 1,749,972
Loans Held for Sale 0
 
 Real Estate Loans 964,762
 Unsecured Loans 715,385
 Other Loans 15,272,830
 TOTAL LOANS 16,952,977
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -33,760
 Land And Building 316,928
 Other Fixed Assets 82,828
 NCUSIF Deposit 183,591
 All Other Assets 41,595
  TOTAL ASSETS 25,503,894
LIABILITIES & CAPITAL:  
 Dividends Payable 51,659
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 71,322
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,776,590
 Regular shares 12,046,945
 All Other Shares & Deposits 6,939,119
  TOTAL SHARES & DEPOSITS 22,762,654
  TOTAL LIABILITIES 22,885,635
 Regular Reserve 439,830
 Other Reserves 0
 Undivided Earnings 2,178,429
  TOTAL EQUITY 2,618,259
  TOTAL LIABILITIES, SHARES, & EQUITY 25,503,894
INCOME & EXPENSE  
 Loan Income 159,137
 Investment Income 12,812
 Other Income 36,601
 Total Employee Compensation & Benefits 67,286
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 68,911
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 28,395
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 49,282
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