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OKLAHOMA FEDERAL CREDIT UNION

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
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
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

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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