Civic Intelligence

Oklahoma Central Credit Union

990 • Fiscal year 2014 • EIN 73-0731221

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 30, 2015

Organization ProfileWWW.OCCU.ORG

View Organization Page

4956 S Peoria AveTulsa, OK 74105

(918) 664-6000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.87x

Higher debt load relative to assets than 21% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Liabilities / Revenue

69th percentile

20.47x

Higher debt load relative to revenue than 69% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Net Margin

37th percentile

12%

Higher net margin than 37% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Top Officer Pay

87th percentile

$686,077

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Asset Growth

35th percentile

3.6%

Faster asset growth than 35% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Revenue Growth

61st percentile

3.5%

Faster revenue growth than 61% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$493,391,510

Up $17,215,036 (+3.6%) from 2013

Net Assets

Up

$64,499,113

Up $5,607,334 (+9.5%) from 2013

Liabilities

Up

$428,892,397

Up $11,607,702 (+2.8%) from 2013

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin37th percentile

Revenue

Up

$20,949,007

Up $700,876 (+3.5%) from 2013

Expenses

Down

$18,408,098

Down $303,882 (-1.6%) from 2013

Net Income

Up

$2,540,909

Up $1,004,758 (+65%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800M$600M$400M$200M$0Assets 2011: $445,999,699Liabilities 2011: $386,398,359Net Assets 2011: $59,601,3402011Assets 2012: $474,907,726Liabilities 2012: $411,494,875Net Assets 2012: $63,412,8512012Assets 2013: $476,176,474Liabilities 2013: $417,284,695Net Assets 2013: $58,891,7792013Assets 2014: $493,391,510Liabilities 2014: $428,892,397Net Assets 2014: $64,499,1132014Assets 2015: $511,786,434Liabilities 2015: $445,676,725Net Assets 2015: $66,109,7092015Assets 2016: $531,190,187Liabilities 2016: $462,668,598Net Assets 2016: $68,521,5892016Assets 2017: $539,487,608Liabilities 2017: $467,532,624Net Assets 2017: $71,954,9842017Assets 2018: $554,749,561Liabilities 2018: $482,598,343Net Assets 2018: $72,151,2182018Assets 2019: $580,520,428Liabilities 2019: $503,673,988Net Assets 2019: $76,846,4402019Assets 2020: $662,316,829Liabilities 2020: $578,674,644Net Assets 2020: $83,642,1852020Assets 2021: $713,131,238Liabilities 2021: $630,443,132Net Assets 2021: $82,688,1062021Assets 2022: $692,106,442Liabilities 2022: $629,259,241Net Assets 2022: $62,847,2012022Assets 2023: $672,849,029Liabilities 2023: $598,404,663Net Assets 2023: $74,444,3662023Assets 2024: $686,876,830Liabilities 2024: $605,739,032Net Assets 2024: $81,137,7982024

Highlighted filing

2014

Assets$493,391,510
Liabilities$428,892,397
Net Assets$64,499,113
Open 2014 Filing

Operations Trend

Revenue Growth61st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0Expenses 2011: $19,961,9512011Expenses 2012: $19,018,7802012Revenue 2013: $20,248,131Expenses 2013: $18,711,980Net Income 2013: $1,536,1512013Revenue 2014: $20,949,007Expenses 2014: $18,408,098Net Income 2014: $2,540,9092014Revenue 2015: $20,921,966Expenses 2015: $18,734,046Net Income 2015: $2,187,9202015Revenue 2016: $24,830,862Expenses 2016: $22,203,831Net Income 2016: $2,627,0312016Revenue 2017: $27,082,459Expenses 2017: $24,225,515Net Income 2017: $2,856,9442017Revenue 2018: $27,287,380Expenses 2018: $26,470,285Net Income 2018: $817,0952018Revenue 2019: $29,411,171Expenses 2019: $27,068,863Net Income 2019: $2,342,3082019Revenue 2020: $28,267,614Expenses 2020: $24,975,455Net Income 2020: $3,292,1592020Revenue 2021: $26,539,012Expenses 2021: $22,526,783Net Income 2021: $4,012,2292021Revenue 2022: $26,582,769Expenses 2022: $22,766,019Net Income 2022: $3,816,7502022Revenue 2023: $34,863,456Expenses 2023: $28,010,061Net Income 2023: $6,853,3952023Revenue 2024: $38,207,802Expenses 2024: $33,147,541Net Income 2024: $5,060,2612024

Highlighted filing

2014

Revenue$20,949,007
Expenses$18,408,098
Net Income$2,540,909
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 30, 2015
Return Version
2014v5.0
Gross Receipts
$95,106,344
Mission and Program Overview

Mission

Oklahoma central credit union is a 501(c)(14), state chartered credit union. Oklahoma central credit union provides consumer and business financial services to include deposit accounts, investments, and loans. Our mission is to make a difference in the lives of our employees, members, and the communities we serve.

Oklahoma central credit union is a 501(c)(14), state chartered credit union. Oklahoma central credit union pledges to be the best consumer financial organization in the state of oklahoma by providing superior products and services to the member/owners of occu; by providing superior group benefits and services to select employee groups of occu; and by providing a work environment that allows every employee an opportunity to achieve their full potential through mutual commitment, contribution, and dedication to their career at occu.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$215,850,679$218,519,168▲ $2,668,489
Other Notes and Loans Receivable, Net$206,020,204$217,486,607▲ $11,466,403
Rtn Earn Endowment Incm Other Fnds$58,891,779$64,499,113▲ $5,607,334
Cash and Non-Interest-Bearing Accounts$22,561,879$26,177,481▲ $3,615,602
Land, Buildings, and Equipment, Net$18,855,258$18,106,513▼ $748,745
Accounts Receivable$1,466,451$1,485,725▲ $19,274
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$476,176,474$493,391,510▲ $17,215,036
Other Assets Total$11,422,003$11,616,016▲ $194,013
Liabilities
Other Liabilities$415,162,187$426,110,510▲ $10,948,323
Accounts Payable and Accrued Expenses$1,792,466$2,430,575▲ $638,109
Escrow Account Liability$330,042$351,312▲ $21,270
Total Liabilities$417,284,695$428,892,397▲ $11,607,702
Net Assets / Fund Balance
Total Net Assets Fund Balance$58,891,779$64,499,113▲ $5,607,334
Total Liabilities and Net Assets / Fund Balance$476,176,474$493,391,510▲ $17,215,036

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,975,756$4,685,048$11,660,804
Land$7,678,630-$7,678,630
Equipment$1,916,608$5,748,708$7,665,316
Leasehold Improvements$1,422,267$120,128$1,542,395
Other Land Buildings$113,252-$113,252
Other Securities$1,443,436--
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gina WilsonCEOFT$257,693$432,158$689,851
Leilani HarpoleCAOFT$114,344$23,099$137,443
Steve McnabbCbdoFT$116,534$17,708$134,242
Shelli SchroederCOOFT$104,851$26,671$131,522
Brad ScheidtCFOFT$117,260$9,976$127,236

Board Members and Trustees

NameTitle
Penny ColantonioChair
Jerry HendersonVice Chair
Andy MurphreeDirector
Anne DormanDirector
Gordon SprouseDirector
Tom HilleDirector
Brooke HamiltonSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Fiserv (xp Systems)Computer75 REMITTANCE DR SUITE 6963, Chicago, IL 60675$959,472
TransfundAtm ProcessingPO BOX 2300, Tulsa, OK 74192$627,920
Digital InsightHome BankingPO BOX 515306, Los Angeles, CA 90051$521,217
AcrobatantMarketing1336 E 15TH STREET, Tulsa, OK 74120$415,971
SagenetComputer10205 E 61ST ST, Tulsa, OK 74133$349,044
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$14,268,632
Investment Income
$4,688,202
Other Revenue
$1,992,173
Change in Net Assets
$2,540,909

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,949,007
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$20,949,007
Total Revenue per Form 990
$20,949,007
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,407,303
Salaries, Compensation, and Employee Benefits$7,306,084
Grants and Similar Amounts Paid$2,800
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$5,143,707
Office Expenses---$2,958,210
Benefits to Members---$1,691,911
Information Technology---$1,486,860
Depreciation Depletion---$1,312,226
Occupancy---$1,144,597
Current Officers, Directors, Trustees, and Key Employees---$819,378
Other Employee Benefits---$776,946
Advertising---$632,662
Fees for Services Other---$469,819
Payroll Taxes---$429,195
Fees for Services Accounting---$145,524
Pension Plan Contributions---$136,858
Insurance---$117,128
Other Expenses---$116,914
Travel---$114,046
Fees for Services Legal---$75,565
Grants to Domestic Orgs---$2,800
Interest---$1
Total Functional Expenses$0$0$0$18,408,098

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$18,408,098
Total Expenses per Audited Statements$18,408,098
Total Expenses per Form 990$18,408,098
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' SHARES$426,110,510
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The credit union's members have rights to elect the members of the governing body. The credit union's members also receive a share of the organization's profits in the form of cash dividends.”

Form 990, Part VI, Section A, Line 7A

“Members of the credit union have the right to elect one or more members of the organization's governing body, whether periodically, as vacancies arise, or otherwise.”

Form 990, Part VI, Section A, Line 7B

“Members of the credit union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of members of the credit union as they occur.”

Form 990, Part VI, Section B, Line 11

“The cfo reviews form 990 and discusses it with the ceo. A report is then presented to the board of directors before filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“Annually, all employees, bod and volunteers sign conflict of interest policy; internal audits are performed on employee accounts and the hr area; employee accounts are reviewed monthly via hr and the ceo; annually employees must disclose accounts that they are primary or joint on and any accounts of immediate family members; an official family report is presented to the bod monthly on loan status.”

Form 990, Part VI, Section B, Line 15

“A third party compensation consultant services is used. Software is provided to administer and maintain compensation levels of all staff. Compensation is based on job evaluations and grade levels. Grade levels dictate whether range is at the national, regional or local levels. Overall grade level system testing is done periodically and for specific occurrences with an outside consultant when new positions are added or at the request of the credit union. A compensation salary survey compiled by national association is provided to the bod. The bod uses survey and grade level information to evaluate ceo. Bod meets independently of regular meeting for compensation discussion annually of ceo.”

Form 990, Part VI, Section C, Line 19

“The statement of financial condition is posted monthly in all branch locations and key statistics are posted on the website. All information can be viewed on the call report quarterly through the ncua.gov website. Audited financial statements are made available upon request. Annual reports are provided to membership at the annual meeting. Any public requested documents are made available for the same period of disclosure as set forth in section 6104(d).”

Filing and Contact Details

Filer

Filer Name
Oklahoma Central Credit Union
EIN
73-0731221
Phone
9186646000
Address
4956 S PEORIA AVE, TULSA, OK 74105

Signing Officer

Name
Darrin Bell
Title
CFO
Phone
9186646000
Signed
2015-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gina Wilson
Formed
1941
Legal Domicile
Ok
Voting Board Members
7
Independent Board Members
7
Employees
170
Volunteers
12

Preparer

Firm
Rsm US Llp
Address
801 NICOLLET MALL SUITE 1100, MINNEAPOLIS, MN 55402
Preparer
Gerald B Kissell
Phone
6123324300
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6

“A total of twelve individuals volunteered in calendar year 2014. Eleven individuals served in a director and/or supervisory committee capacity. Occu utilizes seven directors and three supervisory committee positions. In addition, there was 1 special guest in attendance of the bod meetings.”

Financial Statement Notes

PART IV, LINE 2B:

“Escrow accounts are maintained by the credit union for the benefit of paying taxes and/or insurance on behalf of mortgage holders.”

PART X, LINE 2:

“The credit union evaluated its tax positions and determined no uncertain tax positions exist as of december 31, 2014 and 2013.”

Raw XML AppendixShowing 400 of 526 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0OKLAHOMA CENTRAL CREDIT UNION IS A 501(C)(14), STATE CHARTERED CREDIT UNION. OKLAHOMA CENTRAL CREDIT UNION PLEDGES TO BE THE BEST CONSUMER FINANCIAL ORGANIZATION IN THE STATE OF OKLAHOMA BY PROVIDING SUPERIOR PRODUCTS AND SERVICES TO THE MEMBER/OWNERS OF OCCU; BY PROVIDING SUPERIOR GROUP BENEFITS AND SERVICES TO SELECT EMPLOYEE GROUPS OF OCCU; AND BY PROVIDING A WORK ENVIRONMENT THAT ALLOWS EVERY EMPLOYEE AN OPPORTUNITY TO ACHIEVE THEIR FULL POTENTIAL THROUGH MUTUAL COMMITMENT, CONTRIBUTION, AND DEDICATION TO THEIR CAREER AT OCCU.
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IRS990/Desc0PROMOTE SAVINGS AND PROVIDE FINANCIAL SERVICES TO MEMBER/OWNERS - OVERALL SAVINGS BALANCES GREW IN 2014 BY $11M OR 2.6% OVER THE PREVIOUS YEAR. SAVINGS CATEGORY CHANGES DURING THE YEAR WERE: SAVINGS AT $6.6M (5.3%); CHECKING AT $10.1M (14.5%); RETIREMENT SAVINGS AT $4.4M (-9.3%); MMAS AT $875K (0.8%); AND CERTIFICATES OF DEPOSIT AT $2.2M (-3.6%). THIS REPRESENTS A TOTAL OF 57,719 ACCOUNTS FROM A MEMBERSHIP TOTAL OF 34,631 OR 1.7 SAVINGS SERVICES PER MEMBER WITH AN AVERAGE SAVINGS OF $12,314 PER MEMBER. A NO MONTHLY SERVICE CHARGE CONSUMER CHECKING ACCOUNT CONTINUED TO BE POPULAR AND GENERATED 1,434 NEW ACCOUNTS. OUR LOW-FEE COMMERCIAL CHECKING ACCOUNT CREATED 84 NEW CHECKING ACCOUNTS. THE CREDIT UNION CONTINUED INVOLVEMENT IN THE SHARED BRANCHING NETWORK AND OFFERS 5 CONVENIENT LOCATIONS TO OUR MEMBERSHIP. WE CONTINUE TO PARTNER WITH LOCAL HIGH SCHOOLS TO OFFER CUSTOMIZED CHECK CARDS WITH A PORTION OF THE INTERCHANGE FEE BEING RETURNED BACK TO THE SCHOOL. A TOTAL OF $9,612 WAS GIVEN BACK TO SIX LOCAL SCHOOLS DURING THE YEAR. OUR LUNCH MONEY PROGRAM PROVIDES EMPLOYEES OF OUR SEGS WITH VALUABLE INFORMATION DESIGNED TO INCREASE THEIR FINANCIAL KNOWLEDGE. THESE PROGRAMS ARE OFFERED TO SEVERAL OF OUR SEG GROUPS AND CONTINUE TO BE POPULAR SESSIONS. A FINANCIAL LITERACY PROGRAM OFFERED SEMINARS TO MEMBERS COVERING A WIDE ARRAY OF TOPICS DESIGNED TO HELP MEMBERS BETTER MANAGE THEIR PERSONAL FINANCES. TURBOTAX PRODUCTS ARE OFFERED AT A DISCOUNTED RATE TO OUR MEMBERSHIP ALONG WITH OUR FREE BILL PAYMENT SYSTEM AND FINANCEWORKS, A FREE MONEY MANAGEMENT TOOL.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt7399605
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt89976
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt926671
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1017708
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1123099
IRS990/Form990PartVIISectionAGrp/PersonNm0PENNY COLANTONIO
IRS990/Form990PartVIISectionAGrp/PersonNm1JERRY HENDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm2BROOKE HAMILTON
IRS990/Form990PartVIISectionAGrp/PersonNm3TOM HILLE
IRS990/Form990PartVIISectionAGrp/PersonNm4GORDON SPROUSE
IRS990/Form990PartVIISectionAGrp/PersonNm5ANNE DORMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6ANDY MURPHREE
IRS990/Form990PartVIISectionAGrp/PersonNm7GINA WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm8BRAD SCHEIDT
IRS990/Form990PartVIISectionAGrp/PersonNm9SHELLI SCHROEDER
IRS990/Form990PartVIISectionAGrp/PersonNm10STEVE MCNABB
IRS990/Form990PartVIISectionAGrp/PersonNm11LEILANI HARPOLE
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8117260
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10116534
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/GainOrLossGrp/SecuritiesAmt0428431
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IRS990/GrantsToOrganizationsInd00
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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt074074738
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt018106513
IRS990/LandBldgEquipCostOrOtherBssAmt028660397
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IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0511030
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt073646307
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0OKLAHOMA CENTRAL CREDIT UNION IS A 501(C)(14), STATE CHARTERED CREDIT UNION. OKLAHOMA CENTRAL CREDIT UNION (OCCU) PLEDGES TO BE THE BEST CONSUMER FINANCIAL ORGANIZATION IN THE STATE OF OKLAHOMA BY PROVIDING SUPERIOR PRODUCTS AND SERVICES TO THE MEMBER/OWNERS OF OCCU; BY PROVIDING SUPERIOR GROUP BENEFITS AND SERVICES TO SELECT EMPLOYEE GROUPS OF OCCU; AND BY PROVIDING A WORK ENVIRONMENT THAT ALLOWS EVERY EMPLOYEE AN OPPORTUNITY TO ACHIEVE THEIR FULL POTENTIAL THROUGH MUTUAL COMMITMENT, CONTRIBUTION, AND DEDICATION TO THEIR CAREER AT OCCU.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt058891779
IRS990/NetAssetsOrFundBalancesEOYAmt064499113
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0499068
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0499068
IRS990/NetUnrelatedBusTxblIncmAmt0-20533
IRS990/NetUnrlzdGainsLossesInvstAmt03066425
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01144597
IRS990/OfficeExpensesGrp/TotalAmt02958210
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt011422003
IRS990/OtherAssetsTotalGrp/EOYAmt011616016
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0776946
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING COSTS
IRS990/OtherExpensesGrp/Desc2STATE INCOME TAX
IRS990/OtherExpensesGrp/TotalAmt0640740
IRS990/OtherExpensesGrp/TotalAmt1193011
IRS990/OtherExpensesGrp/TotalAmt2116914
IRS990/OtherLiabilitiesGrp/BOYAmt0415162187
IRS990/OtherLiabilitiesGrp/EOYAmt0426110510
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0OTHER NON-INTEREST INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01992173
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01992173
IRS990/OtherRevenueTotalAmt01992173
IRS990/OtherSalariesAndWagesGrp/TotalAmt05143707
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0206020204
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0217486607
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0429195
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0136858
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0GINA WILSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME ON LOANS TO MEMBE
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE CHARGES AND OTHER FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010928910
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13193286
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010928910
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13339722
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0146436
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE ENHANCED ACCESS TO CREDIT AT REASONABLE RATES - THE CREDIT UNION USES A PRUDENT LENDING PHILOSOPHY TO OFFER VARIOUS LOAN PRODUCTS AT A LOW COST FOR MEMBERS TO FINANCE THEIR HOMES, AUTOMOBILES, BOATS, COLLEGE EXPENSES, ETC. DURING 2014, THE CREDIT UNION APPROVED 5,865 LOAN REQUESTS FOR OVER $102.4M. A TOTAL OF 240 REAL ESTATE LOANS WERE APPROVED WITH A DOLLAR AMOUNT OF $22.6M. WE CONTINUED TO OFFER FHA REAL ESTATE LOANS AND MADE A TOTAL OF 10 FOR $1.2M. IN THE MEMBER BUSINESS ARENA, WE APPROVED 40 COMMERCIAL LOAN REQUESTS TOTALING $4.6M FOR MEMBERS. THE CREDIT UNION IS IN ITS SEVENTH YEAR OF COMMERCIAL LENDING - A DIRECT RESPONSE TO OUR SMALL BUSINESS OWNERS' REQUESTS FOR FINANCIAL SERVICES. PRODUCT OFFERINGS ALSO INCLUDED SHORTER TERM (7-YEAR) MORTGAGE LOANS AT LOWER RATES. THE CREDIT UNION CONTINUES OFFERING HOME PROTECTION LOANS (STORM SHELTERS, GENERATORS, ETC.) AT A VERY LOW INTEREST RATE IN ORDER TO HELP MEMBERS AFFORD THE COSTLY EXPENSE OF ADDING A FORTIFIED STORM SHELTER AND BACKUP POWER GENERATION TO THEIR RESIDENCE.
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY INVOLVEMENT: OKLAHOMA CENTRAL CREDIT UNION CONTINUES TO SUPPORT AND BE ACTIVE IN THE COMMUNITIES WE SERVE. IN APRIL 2014, OKLAHOMA CENTRAL HELD A PRESENTATION ON SAVINGS IN CONJUNCTION WITH OUR MONEY MAMMAL PROGRAM FOR BOY SCOUTS DURING YOUTH WEEK AT OUR LAFORTUNE BRANCH. IN SEPTEMBER 2014, OKLAHOMA CENTRAL SPONSORED RADIO PERSONALITY CLARK HOWARD AT THE TULSA CITY COUNTY LIBRARY TO DISCUSS PERSONAL FINANCES WITH PUBLIC ATTENDEES. IN OCTOBER 2014, OKLAHOMA CENTRAL ONCE AGAIN PARTICIPATED IN TULSA'S BOO HA HA PARADE. OCCU SPONSORED A FLOAT AND BOOTH TO ANSWER QUESTIONS REGARDING OUR PRODUCTS AND SERVICES AND HOW WE CAN BE OF SERVICE TO OUR COMMUNITY. OKLAHOMA CENTRAL PROVIDED A SERIES OF FREE WEBINARS HELD THROUGHOUT THE YEAR COVERING A VARIETY OF FINANCIAL TOPICS. IN DECEMBER 2014, OKLAHOMA CENTRAL STAFF COLLECTED TOILETRIES, CLOTHING, ETC. FOR LAURA DESTER CHILDREN'S CENTER IN TULSA TO HELP WHEN CHILDREN ARE BROUGHT INTO THE CENTER AFTER BEING REMOVED FROM THEIR HOMES FOR VARIOUS REASONS. DURING 2014, THE CREDIT UNION ONCE AGAIN ALLOWED STAFF 40 PAID HOURS OF COMMUNITY SERVICE TO GIVE BACK TO THE COMMUNITY. TO NAME A COUPLE OF BENEFICIARIES OF OUR 40 PAID HOURS OF COMMUNITY SERVICE ARE THE SPECIAL OLYMPICS OF OKLAHOMA AND THE BIXBY PUBLIC SCHOOL DISTRICT. OKLAHOMA CENTRAL ALSO MADE FINANCIAL DONATIONS TO A NUMBER OF ORGANIZATIONS SUCH AS DVIS, FAMILY & CHILDREN'S SERVICES, ALS ASSOCIATION, JOHN 3:16 MISSION, ARTHRITIS FOUNDATION, TULSA CITY COUNTY LIBRARY, UNITED WAY, TYPROS JUST TO NAME A FEW.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt01971523
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03783987
IRS990/PYOtherExpensesAmt09493041
IRS990/PYOtherRevenueAmt01908957
IRS990/PYProgramServiceRevenueAmt014555187
IRS990/PYRevenuesLessExpensesAmt01536151
IRS990/PYSalariesCompEmpBnftPaidAmt07247416
IRS990/PYTotalExpensesAmt018711980
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt020248131
IRS990/ReconcilationRevenueExpnssAmt02540909
IRS990/RegularMonitoringEnfrcInd01
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IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt058891779
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt064499113
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt06975756
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04685048
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011660804
IRS990ScheduleD/EquipmentGrp/BookValueAmt01916608
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05748708
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07665316
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt018408098
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt07678630
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt07678630
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01422267
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0120128
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01542395
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0113252
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0113252
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0426110510
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0217075732
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11443436
IRS990ScheduleD/OtherSecuritiesGrp/Desc0AVAILABLE FOR SALE INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt020949007
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ESCROW ACCOUNTS ARE MAINTAINED BY THE CREDIT UNION FOR THE BENEFIT OF PAYING TAXES AND/OR INSURANCE ON BEHALF OF MORTGAGE HOLDERS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2014 AND 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018106513
IRS990ScheduleD/TotalBookValueSecuritiesAmt0218519168
IRS990ScheduleD/TotalExpensesPerForm990Amt018408098
IRS990ScheduleD/TotalLiabilityAmt0426110510
IRS990ScheduleD/TotalRevenuePerForm990Amt020949007
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt020949007
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt018408098
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0257693
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount028365
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt0377325
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt026054
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt0414
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0GINA WILSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0689851
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0GINA WILSON, CEO, PARTICIPATED IN A NON-QUALIFIED 457(F) RETIREMENT PLAN. THERE WERE NO DISTRIBUTIONS DURING 2014.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, AS VACANCIES ARISE, OR OTHERWISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CFO REVIEWS FORM 990 AND DISCUSSES IT WITH THE CEO. A REPORT IS THEN PRESENTED TO THE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUALLY, ALL EMPLOYEES, BOD AND VOLUNTEERS SIGN CONFLICT OF INTEREST POLICY; INTERNAL AUDITS ARE PERFORMED ON EMPLOYEE ACCOUNTS AND THE HR AREA; EMPLOYEE ACCOUNTS ARE REVIEWED MONTHLY VIA HR AND THE CEO; ANNUALLY EMPLOYEES MUST DISCLOSE ACCOUNTS THAT THEY ARE PRIMARY OR JOINT ON AND ANY ACCOUNTS OF IMMEDIATE FAMILY MEMBERS; AN OFFICIAL FAMILY REPORT IS PRESENTED TO THE BOD MONTHLY ON LOAN STATUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A THIRD PARTY COMPENSATION CONSULTANT SERVICES IS USED. SOFTWARE IS PROVIDED TO ADMINISTER AND MAINTAIN COMPENSATION LEVELS OF ALL STAFF. COMPENSATION IS BASED ON JOB EVALUATIONS AND GRADE LEVELS. GRADE LEVELS DICTATE WHETHER RANGE IS AT THE NATIONAL, REGIONAL OR LOCAL LEVELS. OVERALL GRADE LEVEL SYSTEM TESTING IS DONE PERIODICALLY AND FOR SPECIFIC OCCURRENCES WITH AN OUTSIDE CONSULTANT WHEN NEW POSITIONS ARE ADDED OR AT THE REQUEST OF THE CREDIT UNION. A COMPENSATION SALARY SURVEY COMPILED BY NATIONAL ASSOCIATION IS PROVIDED TO THE BOD. THE BOD USES SURVEY AND GRADE LEVEL INFORMATION TO EVALUATE CEO. BOD MEETS INDEPENDENTLY OF REGULAR MEETING FOR COMPENSATION DISCUSSION ANNUALLY OF CEO.

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$493,391,510
Liabilities
$428,892,397
Net assets
$64,499,113
Revenue
$20,949,007
Expenses
$18,408,098
Net income
$2,540,909
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$687$606$81.1$38.2$33.1$5.06
2023Summary only. Only limited summary data is available for this year.$673$598$74.4$34.9$28.0$6.85
2022Summary only. Only limited summary data is available for this year.$692$629$62.8$26.6$22.8$3.82
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$713$630$82.7$26.5$22.5$4.01
2020Summary only. Only limited summary data is available for this year.$662$579$83.6$28.3$25.0$3.29
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$581$504$76.8$29.4$27.1$2.34
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$555$483$72.2$27.3$26.5$0.82
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$539$468$72.0$27.1$24.2$2.86
2016Summary only. Only limited summary data is available for this year.$531$463$68.5$24.8$22.2$2.63
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$512$446$66.1$20.9$18.7$2.19
2014Detailed filing. Detailed filing data is available for this year.$493$429$64.5$20.9$18.4$2.54
2013Detailed filing. Detailed filing data is available for this year.$476$417$58.9$20.2$18.7$1.54
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$475$411$63.4$19.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$446$386$59.6$20.0
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)14 • $250M-$1B nonprofits