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 |
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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 |
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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 |
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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 |
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