Dec, 31, 2023 — TULSA FEDERAL CREDIT UNION is a federal credit union headquartered in TULSA, OK with 16 branch locations and about $989.31 million in total assets. Opened 81 years ago in 1943, TULSA FEDERAL CREDIT UNION has about 57,277 members and employs 237 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TULSA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9323 E 21st St TULSA, OK 74129-1400 |
| Phone: | (918) 610-0200 |
| Fax: | (918) 610-0224 |
| Website: | https://www.westreet.org |
| Branches: | 16 branch locations |
| Members: | 57,277 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24812 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1943 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $989,308,395 |
| CEO/Manager: | Gregory Gallant |
| Chairperson: | Jeff Hackler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 55,712,509 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 416,679,262 |
| Unsecured Loans | 16,577,259 |
| Other Loans | 291,289,893 |
| TOTAL LOANS | 725,741,030 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,795,817 |
| Land And Building | 12,482,456 |
| Other Fixed Assets | 6,882,648 |
| NCUSIF Deposit | 8,233,870 |
| All Other Assets | 180,135 |
| TOTAL ASSETS | 989,308,395 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 28,103,000 |
| Accounts Payable & Other Liabilities | 10,786,639 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 18,000,000 |
| Share Drafts | 156,036,840 |
| Regular shares | 186,959,081 |
| All Other Shares & Deposits | 528,941,847 |
| TOTAL SHARES & DEPOSITS | 871,937,768 |
| TOTAL LIABILITIES | 928,827,407 |
| Regular Reserve | 0 |
| Other Reserves | -9,901,601 |
| Undivided Earnings | 70,382,589 |
| TOTAL EQUITY | 60,480,988 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 989,308,395 |
| INCOME & EXPENSE | |
| Loan Income | 38,415,018 |
| Investment Income | 5,670,434 |
| Other Income | 10,575,590 |
| Total Employee Compensation & Benefits | 18,549,232 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 16,274,339 |
| Non-operating Income & (Expense) | 238,407 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,999,299 |
| Cost of Funds | 14,445,542 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,637,719 |
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