Dec, 31, 2023 — FIRST OKLAHOMA FEDERAL CREDIT UNION is a federal credit union headquartered in TULSA, OK with 2 branch locations and about $30.34 million in total assets. Opened 71 years ago in 1953, FIRST OKLAHOMA FEDERAL CREDIT UNION has about 2,608 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST OKLAHOMA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1419 S Denver Ave TULSA, OK 74119 |
| Phone: | (918) 582-1965 |
| Fax: | (918) 592-7721 |
| Website: | https://www.firstokfcu.org |
| Branches: | 2 branch locations |
| Members: | 2,608 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9090 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,341,031 |
| CEO/Manager: | John Freeman |
| Chairperson: | William (Bill) Hughart |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 602,669 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,913,210 |
| Unsecured Loans | 1,705,966 |
| Other Loans | 13,619,912 |
| TOTAL LOANS | 21,239,088 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -141,374 |
| Land And Building | 6,640,409 |
| Other Fixed Assets | 218,809 |
| NCUSIF Deposit | 274,552 |
| All Other Assets | 0 |
| TOTAL ASSETS | 30,341,031 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 1,667,737 |
| Accounts Payable & Other Liabilities | 84,962 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,453,009 |
| Regular shares | 12,595,986 |
| All Other Shares & Deposits | 7,499,718 |
| TOTAL SHARES & DEPOSITS | 25,548,713 |
| TOTAL LIABILITIES | 27,301,412 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,039,619 |
| TOTAL EQUITY | 3,039,619 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,341,031 |
| INCOME & EXPENSE | |
| Loan Income | 1,304,205 |
| Investment Income | 45,123 |
| Other Income | 269,860 |
| Total Employee Compensation & Benefits | 676,042 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 945,471 |
| Non-operating Income & (Expense) | 350 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 29,163 |
| Cost of Funds | 263,824 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -106,443 |
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