Dec, 31, 2023 — OK FEDERAL CREDIT UNION is a federal credit union headquartered in BARTLESVILLE, OK with 1 branch location and about $25.72 million in total assets. Opened 69 years ago in 1955, OK FEDERAL CREDIT UNION has about 3,523 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OK FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3900 SE Adams Rd BARTLESVILLE, OK 74006 |
| Phone: | (918) 335-1844 |
| Fax: | (918) 335-2058 |
| Website: | https://www.okfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,523 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10158 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,717,686 |
| CEO/Manager: | James L Franks |
| Chairperson: | Milton Fielder |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,571,366 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 38,500 |
| Real Estate Loans | 885,866 |
| Unsecured Loans | 816,139 |
| Other Loans | 18,284,105 |
| TOTAL LOANS | 19,986,110 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -62,206 |
| Land And Building | 300,542 |
| Other Fixed Assets | 67,822 |
| NCUSIF Deposit | 236,379 |
| All Other Assets | 0 |
| TOTAL ASSETS | 25,717,686 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 86,665 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 18,954 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,600,055 |
| Regular shares | 11,478,752 |
| All Other Shares & Deposits | 6,137,696 |
| TOTAL SHARES & DEPOSITS | 22,216,503 |
| TOTAL LIABILITIES | 22,322,122 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,395,564 |
| TOTAL EQUITY | 3,395,564 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,717,686 |
| INCOME & EXPENSE | |
| Loan Income | 991,361 |
| Investment Income | 67,625 |
| Other Income | 194,699 |
| Total Employee Compensation & Benefits | 385,749 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 364,540 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 33,777 |
| Cost of Funds | 148,812 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 347,785 |
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