TRUE SKY CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.trueskycu.org for more information.
Dec, 31, 2023 — TRUE SKY CREDIT UNION is a federally insured state chartered credit union headquartered in Oklahoma City, OK with 10 branch locations and about $842.36 million in total assets. Opened 78 years ago in 1946, TRUE SKY CREDIT UNION has about 49,775 members and employs 203 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRUE SKY CREDIT UNION |
|---|---|
| Address: (Main Office) | P.O. Box 26406 Oklahoma City, OK 73126 |
| Phone: | (800) 448-1990 |
| Fax: | (405) 703-2570 |
| Website: | https://www.trueskycu.org |
| Branches: | 10 branch locations |
| Members: | 49,775 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62568 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $842,357,009 |
| CEO/Manager: | Sean Cahill |
| Chairperson: | Judy Richey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 62,946,099 |
| TOTAL INVESTMENTS | 151,547,011 |
| Loans Held for Sale | 12,257,839 |
| Real Estate Loans | 222,204,042 |
| Unsecured Loans | 70,681,543 |
| Other Loans | 254,589,616 |
| TOTAL LOANS | 547,475,201 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,851,033 |
| Land And Building | 27,349,544 |
| Other Fixed Assets | 9,220,709 |
| NCUSIF Deposit | 5,404,472 |
| All Other Assets | 29,007,167 |
| TOTAL ASSETS | 842,357,009 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 112,975 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,412,357 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 188,976,768 |
| Regular shares | 233,808,483 |
| All Other Shares & Deposits | 345,686,162 |
| TOTAL SHARES & DEPOSITS | 768,471,413 |
| TOTAL LIABILITIES | 778,996,745 |
| Regular Reserve | 6,700,000 |
| Other Reserves | -501,414 |
| Undivided Earnings | 57,161,678 |
| TOTAL EQUITY | 63,360,264 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 842,357,009 |
| INCOME & EXPENSE | |
| Loan Income | 17,201,811 |
| Investment Income | 1,593,019 |
| Other Income | 5,686,504 |
| Total Employee Compensation & Benefits | 10,127,294 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 10,299,237 |
| Non-operating Income & (Expense) | 369,796 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 883,040 |
| Cost of Funds | 2,900,855 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,670,819 |
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