Dec, 31, 2021 — EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in TULSA, OK with 5 branch locations and about $47.06 million in total assets. Opened 68 years ago in 1954, EMPLOYEES FEDERAL CREDIT UNION has about 4,602 members and employs 18 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: | http://www.employeesfed.com |
| Branches: | 5 branch locations |
| Members: | 4,602 |
| 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: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $47,056,324 |
| CEO/Manager: | John W Hughes |
| Chairperson: | Ross Weller |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,060,880 |
| TOTAL INVESTMENTS | 18,454,233 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,182,844 |
| Unsecured Loans | 1,390,962 |
| Other Loans | 14,154,695 |
| TOTAL LOANS | 22,728,501 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -56,038 |
| Land And Building | 502,493 |
| Other Fixed Assets | 484,186 |
| NCUSIF Deposit | 401,999 |
| All Other Assets | 480,070 |
| TOTAL ASSETS | 47,056,324 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 316,502 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,147,229 |
| Regular shares | 20,213,216 |
| All Other Shares & Deposits | 13,641,912 |
| TOTAL SHARES & DEPOSITS | 43,002,357 |
| TOTAL LIABILITIES | 43,318,859 |
| Regular Reserve | 423,443 |
| Other Reserves | 1,660,387 |
| Undivided Earnings | 1,653,635 |
| TOTAL EQUITY | 3,737,465 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 47,056,324 |
| INCOME & EXPENSE | |
| Loan Income | 1,289,090 |
| Investment Income | 196,101 |
| Other Income | 475,585 |
| Total Employee Compensation & Benefits | 888,441 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,347,325 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 39,000 |
| Cost of Funds | 131,006 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 26,550 |
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