OKLAHOMA'S CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.okcu.org for more information.
Dec, 31, 2023 — OKLAHOMA'S CREDIT UNION is a federally insured state chartered credit union headquartered in OKLAHOMA CITY, OK with 6 branch locations and about $756.76 million in total assets. Opened 70 years ago in 1954, OKLAHOMA'S CREDIT UNION has about 51,473 members and employs 159 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'S CREDIT UNION |
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Address: (Main Office) | PO BOX 24027 OKLAHOMA CITY, OK 73124 |
Phone: | (405) 606-6328 |
Fax: | (405) 602-6337 |
Website: | https://www.okcu.org |
Branches: | 6 branch locations |
Members: | 51,473 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65032 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $756,759,075 |
CEO/Manager: | Luann Schmiedel |
Chairperson: | Mike Patterson |
ASSETS: | $ Amount |
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Cash & Equivalents | 22,928,521 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 2,041,207 |
Real Estate Loans | 201,636,123 |
Unsecured Loans | 25,965,765 |
Other Loans | 315,687,061 |
TOTAL LOANS | 543,288,949 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,362,557 |
Land And Building | 13,048,346 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 4,719,192 |
All Other Assets | 354,189 |
TOTAL ASSETS | 756,759,075 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 55,500,000 |
Accounts Payable & Other Liabilities | 10,240,877 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 136,329,076 |
Regular shares | 231,019,974 |
All Other Shares & Deposits | 253,536,296 |
TOTAL SHARES & DEPOSITS | 620,885,346 |
TOTAL LIABILITIES | 686,626,223 |
Regular Reserve | 0 |
Other Reserves | -22,668,028 |
Undivided Earnings | 92,800,880 |
TOTAL EQUITY | 70,132,852 |
TOTAL LIABILITIES, SHARES, & EQUITY | 756,759,075 |
INCOME & EXPENSE | |
Loan Income | 17,007,291 |
Investment Income | 2,484,976 |
Other Income | 5,615,558 |
Total Employee Compensation & Benefits | 8,623,184 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,163,283 |
Non-operating Income & (Expense) | 400 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 801,281 |
Cost of Funds | 3,885,218 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,515,301 |
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