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DEPARTMENT OF PUBLIC SAFETY FEDERAL CREDIT UNION

Jun, 30, 2021 — DEPARTMENT OF PUBLIC SAFETY FEDERAL CREDIT UNION is a federal credit union headquartered in OKLAHOMA CITY, OK with 1 branch location and about $26.42 million in total assets. Opened 68 years ago in 1953, DEPARTMENT OF PUBLIC SAFETY FEDERAL CREDIT UNION has about 2,565 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:DEPARTMENT OF PUBLIC SAFETY FEDERAL CREDIT UNION
Address:
(Main Office)
3650 N MARTIN LUTHER KING AVE
OKLAHOMA CITY, OK 73111-4223
Phone:(405) 212-4567
Fax:(405) 208-7652
Website:http://www.dpsfcu.org
Branches:1 branch locations
Members:2,565
Credit Union Type:Federal Credit Union
Charter Number:8890
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1953
Last Audited:Oct 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$26,424,164
CEO/Manager:Chris Sherman
Chairperson:Dan P Melton

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,472,015
TOTAL INVESTMENTS 9,730,863
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 802,878
 Other Loans 9,824,370
 TOTAL LOANS 10,627,248
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -59,192
 Land And Building 0
 Other Fixed Assets 278,692
 NCUSIF Deposit 209,550
 All Other Assets 164,988
  TOTAL ASSETS 26,424,164
LIABILITIES & CAPITAL:  
 Dividends Payable 4,014
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 217,542
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,405,119
 Regular shares 16,371,336
 All Other Shares & Deposits 3,347,820
  TOTAL SHARES & DEPOSITS 22,124,275
  TOTAL LIABILITIES 22,345,831
 Regular Reserve 823,046
 Other Reserves 11,020
 Undivided Earnings 3,244,267
  TOTAL EQUITY 4,078,333
  TOTAL LIABILITIES, SHARES, & EQUITY 26,424,164
INCOME & EXPENSE  
 Loan Income 230,439
 Investment Income 90,603
 Other Income 44,679
 Total Employee Compensation & Benefits 232,089
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 395,992
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,500
 Cost of Funds 25,795
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -220,743
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