Dec, 31, 2023 — OKLAHOMA EDUCATORS CREDIT UNION is a federally insured state chartered credit union headquartered in OKLAHOMA CITY, OK with 8 branch locations and about $235.07 million in total assets. Opened 64 years ago in 1960, OKLAHOMA EDUCATORS CREDIT UNION has about 13,869 members and employs 93 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | OKLAHOMA EDUCATORS CREDIT UNION |
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Address: (Main Office) | 4001 NW Expressway OKLAHOMA CITY, OK 73116-1686 |
Phone: | (405) 722-2234 |
Fax: | (405) 720-5232 |
Website: | https://www.oecu.com |
Branches: | 8 branch locations |
Members: | 13,869 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61088 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $235,069,232 |
CEO/Manager: | Cindy A White |
Chairperson: | Jeff DeWitt |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,654,397 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 54,284,648 |
Unsecured Loans | 2,780,028 |
Other Loans | 106,041,883 |
TOTAL LOANS | 163,106,559 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,625,429 |
Land And Building | 12,271,735 |
Other Fixed Assets | 91,507 |
NCUSIF Deposit | 1,754,780 |
All Other Assets | 566,442 |
TOTAL ASSETS | 235,069,232 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 42,146,400 |
Accounts Payable & Other Liabilities | 1,626,318 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 29,752,317 |
Regular shares | 37,482,899 |
All Other Shares & Deposits | 100,751,249 |
TOTAL SHARES & DEPOSITS | 167,986,465 |
TOTAL LIABILITIES | 211,807,325 |
Regular Reserve | 0 |
Other Reserves | -5,584,718 |
Undivided Earnings | 28,846,625 |
TOTAL EQUITY | 23,261,907 |
TOTAL LIABILITIES, SHARES, & EQUITY | 235,069,232 |
INCOME & EXPENSE | |
Loan Income | 12,899,516 |
Investment Income | 2,011,949 |
Other Income | 1,671,014 |
Total Employee Compensation & Benefits | 5,784,644 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,642,260 |
Non-operating Income & (Expense) | 106,364 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,689,757 |
Cost of Funds | 3,787,857 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,003,140 |
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