Dec, 31, 2023 — TRUE SKY CREDIT UNION is a federal credit union headquartered in OKLAHOMA CITY, OK with 16 branch locations and about $931.73 million in total assets. Opened 78 years ago in 1946, TRUE SKY CREDIT UNION has about 61,581 members and employs 217 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRUE SKY CREDIT UNION |
|---|---|
| Address: (Main Office) | 10201 S Western Ave OKLAHOMA CITY, OK 73139-2931 |
| Phone: | (800) 448-1990 |
| Fax: | (405) 703-2570 |
| Website: | https://www.trueskycu.org |
| Branches: | 16 branch locations |
| Members: | 61,581 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24934 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $931,733,110 |
| CEO/Manager: | Sean Cahill |
| Chairperson: | Terry Davidson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 56,553,424 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 279,181,801 |
| Unsecured Loans | 127,505,494 |
| Other Loans | 255,380,300 |
| TOTAL LOANS | 666,158,693 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,893,686 |
| Land And Building | 46,317,045 |
| Other Fixed Assets | 9,330,219 |
| NCUSIF Deposit | 6,498,782 |
| All Other Assets | 1,465,500 |
| TOTAL ASSETS | 931,733,110 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 231,169 |
| Notes & Interest Payable | 96,557,714 |
| Accounts Payable & Other Liabilities | 7,328,994 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 178,746,603 |
| Regular shares | 201,608,031 |
| All Other Shares & Deposits | 403,248,025 |
| TOTAL SHARES & DEPOSITS | 783,602,659 |
| TOTAL LIABILITIES | 887,720,536 |
| Regular Reserve | 0 |
| Other Reserves | -17,156,918 |
| Undivided Earnings | 61,169,492 |
| TOTAL EQUITY | 44,012,574 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 931,733,110 |
| INCOME & EXPENSE | |
| Loan Income | 35,542,071 |
| Investment Income | 4,302,439 |
| Other Income | 5,084,216 |
| Total Employee Compensation & Benefits | 14,137,164 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 22,478,500 |
| Non-operating Income & (Expense) | -260,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,601,346 |
| Cost of Funds | 12,512,495 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -2,284,317 |
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