Dec, 31, 2023 — EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in TULSA, OK with 4 branch locations and about $46.86 million in total assets. Opened 70 years ago in 1954, EMPLOYEES FEDERAL CREDIT UNION has about 4,371 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1120 W 17th St TULSA, OK 74107 |
| Phone: | (918) 582-7573 |
| Fax: | (918) 582-7588 |
| Website: | https://www.employeesfed.com |
| Branches: | 4 branch locations |
| Members: | 4,371 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9715 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $46,855,756 |
| CEO/Manager: | John W Hughes |
| Chairperson: | Ross Weller |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,106,196 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,011,891 |
| Unsecured Loans | 1,586,472 |
| Other Loans | 13,719,191 |
| TOTAL LOANS | 25,317,554 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -45,967 |
| Land And Building | 524,766 |
| Other Fixed Assets | 682,658 |
| NCUSIF Deposit | 412,005 |
| All Other Assets | 430,197 |
| TOTAL ASSETS | 46,855,756 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 305,007 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,993,134 |
| Regular shares | 16,304,806 |
| All Other Shares & Deposits | 16,414,014 |
| TOTAL SHARES & DEPOSITS | 42,711,954 |
| TOTAL LIABILITIES | 43,016,961 |
| Regular Reserve | 0 |
| Other Reserves | 2,083,830 |
| Undivided Earnings | 1,754,965 |
| TOTAL EQUITY | 3,838,795 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 46,855,756 |
| INCOME & EXPENSE | |
| Loan Income | 1,850,123 |
| Investment Income | 258,256 |
| Other Income | 437,100 |
| Total Employee Compensation & Benefits | 940,610 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,324,171 |
| Non-operating Income & (Expense) | -12,601 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 72,000 |
| Cost of Funds | 506,214 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 65,961 |
| ↑ Back to Top | |