Dec, 31, 2023 — SSMOK EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in OKLAHOMA CITY, OK with 1 branch location and about $6.93 million in total assets. Opened 59 years ago in 1965, SSMOK EMPLOYEES FEDERAL CREDIT UNION has about 866 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SSMOK EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1111 N Lee Ave Ste 125 OKLAHOMA CITY, OK 73103 |
| Phone: | (405) 272-6100 |
| Fax: | (405) 272-6379 |
| Website: | https://www.ssmokefcu.com |
| Branches: | 1 branch locations |
| Members: | 866 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16755 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,926,513 |
| CEO/Manager: | Troy Hoobler |
| Chairperson: | Raymond Langston |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 325,472 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,746 |
| Unsecured Loans | 219,406 |
| Other Loans | 3,271,636 |
| TOTAL LOANS | 3,499,788 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,616 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 70,056 |
| All Other Assets | 24,483 |
| TOTAL ASSETS | 6,926,513 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,123 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 632,250 |
| Regular shares | 3,906,110 |
| All Other Shares & Deposits | 969,400 |
| TOTAL SHARES & DEPOSITS | 5,507,760 |
| TOTAL LIABILITIES | 5,521,883 |
| Regular Reserve | 0 |
| Other Reserves | 539,153 |
| Undivided Earnings | 865,477 |
| TOTAL EQUITY | 1,404,630 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,926,513 |
| INCOME & EXPENSE | |
| Loan Income | 257,539 |
| Investment Income | 184,617 |
| Other Income | 55,933 |
| Total Employee Compensation & Benefits | 223,613 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 257,908 |
| Non-operating Income & (Expense) | 9,975 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,672 |
| Cost of Funds | 46,774 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -21,208 |
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