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OK FEDERAL CREDIT UNION

Dec, 31, 2020 — OK FEDERAL CREDIT UNION is a federal credit union headquartered in Bartlesville, OK with 1 branch location and about $23.75 million in total assets. Opened 66 years ago in 1955, OK FEDERAL CREDIT UNION has about 3,356 members and employs 5 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:3,356
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:$23,751,109
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 5,544,996
TOTAL INVESTMENTS 1,005,972
Loans Held for Sale 0
 
 Real Estate Loans 1,012,558
 Unsecured Loans 748,807
 Other Loans 14,825,819
 TOTAL LOANS 16,587,184
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -33,500
 Land And Building 319,620
 Other Fixed Assets 84,358
 NCUSIF Deposit 183,591
 All Other Assets 58,888
  TOTAL ASSETS 23,751,109
LIABILITIES & CAPITAL:  
 Dividends Payable 61,247
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 55,420
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,343,111
 Regular shares 11,028,028
 All Other Shares & Deposits 6,694,325
  TOTAL SHARES & DEPOSITS 21,065,464
  TOTAL LIABILITIES 21,182,131
 Regular Reserve 439,830
 Other Reserves 0
 Undivided Earnings 2,129,148
  TOTAL EQUITY 2,568,978
  TOTAL LIABILITIES, SHARES, & EQUITY 23,751,109
INCOME & EXPENSE  
 Loan Income 620,105
 Investment Income 102,472
 Other Income 218,307
 Total Employee Compensation & Benefits 311,747
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 287,773
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 13,688
 Cost of Funds 129,849
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 197,827
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