Dec, 31, 2023 — OKLAHOMA FEDERAL CREDIT UNION is a federal credit union headquartered in OKLAHOMA CITY, OK with 3 branch locations and about $179.24 million in total assets. Opened 73 years ago in 1951, OKLAHOMA FEDERAL CREDIT UNION has about 10,553 members and employs 20 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 FEDERAL CREDIT UNION |
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Address: (Main Office) | 517 NE 36th St OKLAHOMA CITY, OK 73105 |
Phone: | (405) 524-6467 |
Fax: | (405) 524-1067 |
Website: | https://www.okfcu.com |
Branches: | 3 branch locations |
Members: | 10,553 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7151 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $179,240,871 |
CEO/Manager: | Tim J DeLise |
Chairperson: | Charlotte Walker |
ASSETS: | $ Amount |
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Cash & Equivalents | 20,336,953 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 20,063,757 |
Unsecured Loans | 4,299,946 |
Other Loans | 96,010,601 |
TOTAL LOANS | 120,374,304 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,168,653 |
Land And Building | 943,374 |
Other Fixed Assets | 44,344 |
NCUSIF Deposit | 1,267,325 |
All Other Assets | 238,471 |
TOTAL ASSETS | 179,240,871 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 160,229 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,333,722 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,759,524 |
Regular shares | 34,837,433 |
All Other Shares & Deposits | 94,775,459 |
TOTAL SHARES & DEPOSITS | 148,372,417 |
TOTAL LIABILITIES | 150,866,410 |
Regular Reserve | 0 |
Other Reserves | -2,873,000 |
Undivided Earnings | 31,247,461 |
TOTAL EQUITY | 28,374,461 |
TOTAL LIABILITIES, SHARES, & EQUITY | 179,240,871 |
INCOME & EXPENSE | |
Loan Income | 6,994,280 |
Investment Income | 1,677,715 |
Other Income | 1,236,437 |
Total Employee Compensation & Benefits | 1,727,780 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,463,664 |
Non-operating Income & (Expense) | 22,595 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 138,242 |
Cost of Funds | 3,131,862 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,304,945 |
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