CENTRAL OKLAHOMA FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.cofcu.net for more information.
Dec, 31, 2023 — CENTRAL OKLAHOMA FEDERAL CREDIT UNION is a federal credit union headquartered in Davenport, OK with 2 branch locations and about $36.39 million in total assets. Opened 36 years ago in 1988, CENTRAL OKLAHOMA FEDERAL CREDIT UNION has about 2,900 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: | CENTRAL OKLAHOMA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P.O. Box 310 Davenport, OK 74026 |
| Phone: | (918) 377-2341 |
| Fax: | |
| Website: | https://www.cofcu.net |
| Branches: | 2 branch locations |
| Members: | 2,900 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24350 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1988 |
| Last Audited: | Oct 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $36,392,594 |
| CEO/Manager: | Tommy W Smith |
| Chairperson: | Gary Robinson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,357,971 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,245,689 |
| Unsecured Loans | 671,428 |
| Other Loans | 8,066,062 |
| TOTAL LOANS | 25,983,179 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -144,143 |
| Land And Building | 1,636,994 |
| Other Fixed Assets | 307,396 |
| NCUSIF Deposit | 279,473 |
| All Other Assets | 57,063 |
| TOTAL ASSETS | 36,392,594 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 2,268,590 |
| Accounts Payable & Other Liabilities | 457,773 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,112,739 |
| Regular shares | 11,149,338 |
| All Other Shares & Deposits | 11,109,832 |
| TOTAL SHARES & DEPOSITS | 29,371,909 |
| TOTAL LIABILITIES | 32,098,272 |
| Regular Reserve | 0 |
| Other Reserves | 491,451 |
| Undivided Earnings | 3,802,871 |
| TOTAL EQUITY | 4,294,322 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 36,392,594 |
| INCOME & EXPENSE | |
| Loan Income | 818,473 |
| Investment Income | 63,155 |
| Other Income | 179,494 |
| Total Employee Compensation & Benefits | 806,567 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 555,783 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -6,361 |
| Cost of Funds | 51,035 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -143,195 |
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