Dec, 31, 2023 — OU FEDERAL CREDIT UNION is a federal credit union headquartered in NORMAN, OK with 2 branch locations and about $80.35 million in total assets. Opened 70 years ago in 1954, OU FEDERAL CREDIT UNION has about 12,676 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | OU FEDERAL CREDIT UNION |
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Address: (Main Office) | 2000 W Lindsey St NORMAN, OK 73069 |
Phone: | (405) 325-2211 |
Fax: | (405) 325-7931 |
Website: | https://www.oufcu.com |
Branches: | 2 branch locations |
Members: | 12,676 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9335 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $80,349,197 |
CEO/Manager: | Shannon L Hudzinski |
Chairperson: | Michele E Nabonne |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,630,668 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,701,547 |
Unsecured Loans | 2,345,072 |
Other Loans | 49,248,491 |
TOTAL LOANS | 60,295,110 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -568,411 |
Land And Building | 987,925 |
Other Fixed Assets | 711,048 |
NCUSIF Deposit | 742,426 |
All Other Assets | 261,113 |
TOTAL ASSETS | 80,349,197 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 28,282 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 363,485 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,738,246 |
Regular shares | 30,314,121 |
All Other Shares & Deposits | 18,934,682 |
TOTAL SHARES & DEPOSITS | 74,987,049 |
TOTAL LIABILITIES | 75,378,816 |
Regular Reserve | 0 |
Other Reserves | 597,433 |
Undivided Earnings | 4,372,948 |
TOTAL EQUITY | 4,970,381 |
TOTAL LIABILITIES, SHARES, & EQUITY | 80,349,197 |
INCOME & EXPENSE | |
Loan Income | 3,911,052 |
Investment Income | 324,729 |
Other Income | 627,632 |
Total Employee Compensation & Benefits | 1,411,274 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,737,682 |
Non-operating Income & (Expense) | 293,932 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,149,298 |
Cost of Funds | 913,532 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 491,263 |
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