Civic Intelligence

Oklahoma Educators Credit Union

990 • Fiscal year 2023 • EIN 73-0742019

Jan 01, 2023 to Dec 31, 2023 • Filed on May 14, 2024

Organization ProfileWWW.OECU.COM

View Organization Page

4001 NW ExpresswayOklahoma City, OK 73116

(405) 722-2234

Siviq Scores

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

Liabilities / Assets

56th percentile

0.90x

Higher debt load relative to assets than 56% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

11th percentile

11.84x

Higher debt load relative to revenue than 11% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2023

Net Margin

61st percentile

17%

Higher net margin than 61% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

96th percentile

$511,507

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2023

Asset Growth

5th percentile

-7.4%

Faster asset growth than 5% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

0.3%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$235,069,234

Down $18,731,077 (-7.4%) from 2022

Net Assets

Up

$23,261,909

Up $2,550,140 (+12%) from 2022

Liabilities

Down

$211,807,325

Down $21,281,217 (-9.1%) from 2022

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin61st percentile

Revenue

Up

$17,887,015

Up $52,762 (+0.3%) from 2022

Expenses

Up

$14,883,873

Up $51,858 (+0.3%) from 2022

Net Income

Up

$3,003,142

Up $904 (+0.0%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$300M$200M$100M$0Assets 2010: $100,424,488Liabilities 2010: $93,396,215Net Assets 2010: $7,028,2732010Assets 2011: $101,738,277Liabilities 2011: $94,012,700Net Assets 2011: $7,725,5772011Assets 2012: $106,089,581Liabilities 2012: $98,382,384Net Assets 2012: $7,707,1972012Assets 2013: $110,493,781Liabilities 2013: $103,455,257Net Assets 2013: $7,038,5242013Assets 2014: $113,875,217Liabilities 2014: $104,869,535Net Assets 2014: $9,005,6822014Assets 2015: $120,462,316Liabilities 2015: $109,987,222Net Assets 2015: $10,475,0942015Assets 2016: $131,559,259Liabilities 2016: $120,087,950Net Assets 2016: $11,471,3092016Assets 2017: $143,905,450Liabilities 2017: $130,614,548Net Assets 2017: $13,290,9022017Assets 2018: $155,955,667Liabilities 2018: $141,131,345Net Assets 2018: $14,824,3222018Assets 2019: $166,993,127Liabilities 2019: $149,347,268Net Assets 2019: $17,645,8592019Assets 2020: $215,642,463Liabilities 2020: $194,985,982Net Assets 2020: $20,656,4812020Assets 2021: $242,039,953Liabilities 2021: $219,373,509Net Assets 2021: $22,666,4442021Assets 2022: $253,800,311Liabilities 2022: $233,088,542Net Assets 2022: $20,711,7692022Assets 2023: $235,069,234Liabilities 2023: $211,807,325Net Assets 2023: $23,261,9092023Assets 2024: $211,325,265Liabilities 2024: $186,375,174Net Assets 2024: $24,950,0912024

Highlighted filing

2023

Assets$235,069,234
Liabilities$211,807,325
Net Assets$23,261,909
Open 2023 Filing

Operations Trend

Revenue Growth4th percentile

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

$20M$15M$10M$5.0M$0Expenses 2010: $4,856,3752010Expenses 2011: $4,049,7552011Expenses 2012: $3,868,2342012Revenue 2013: $3,777,332Expenses 2013: $3,655,077Net Income 2013: $122,2552013Revenue 2014: $5,271,154Expenses 2014: $4,161,242Net Income 2014: $1,109,9122014Revenue 2015: $6,694,691Expenses 2015: $5,242,306Net Income 2015: $1,452,3852015Revenue 2016: $7,526,298Expenses 2016: $6,278,882Net Income 2016: $1,247,4162016Revenue 2017: $9,493,077Expenses 2017: $7,744,129Net Income 2017: $1,748,9482017Revenue 2018: $11,417,815Expenses 2018: $9,719,606Net Income 2018: $1,698,2092018Revenue 2019: $13,990,498Expenses 2019: $11,990,121Net Income 2019: $2,000,3772019Revenue 2020: $15,320,509Expenses 2020: $13,118,986Net Income 2020: $2,201,5232020Revenue 2021: $16,355,869Expenses 2021: $13,297,637Net Income 2021: $3,058,2322021Revenue 2022: $17,834,253Expenses 2022: $14,832,015Net Income 2022: $3,002,2382022Revenue 2023: $17,887,015Expenses 2023: $14,883,873Net Income 2023: $3,003,1422023Revenue 2024: $17,333,989Expenses 2024: $14,914,195Net Income 2024: $2,419,7942024

Highlighted filing

2023

Revenue$17,887,015
Expenses$14,883,873
Net Income$3,003,142
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.0
Gross Receipts
$18,201,294
Mission and Program Overview

Mission

Providing financial services to school employees, students, and their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$171,760,501$155,476,785▼ $16,283,716
Investments Other Securities$58,008,781$58,431,881▲ $423,100
Rtn Earn Endowment Incm Other Fnds$20,711,769$23,261,909▲ $2,550,140
Land, Buildings, and Equipment, Net$11,948,385$12,363,242▲ $414,857
Cash and Non-Interest-Bearing Accounts$9,430,866$6,527,587▼ $2,903,279
Prepaid Expenses and Deferred Charges$688,583$555,223▼ $133,360
Receivables From Officers Etc$60,111$4,346▼ $55,765
Accounts Receivable-$1,354-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$253,800,311$235,069,234▼ $18,731,077
Other Assets Total$1,903,084$1,708,816▼ $194,268
Liabilities
Other Liabilities$202,396,742$168,044,462▼ $34,352,280
Mortgage Notes Payable Secured by Investment Property$28,537,900$42,146,400▲ $13,608,500
Accounts Payable and Accrued Expenses$1,929,977$1,418,981▼ $510,996
Escrow Account Liability$223,923$197,482▼ $26,441
Total Liabilities$233,088,542$211,807,325▼ $21,281,217
Net Assets / Fund Balance
Total Net Assets Fund Balance$20,711,769$23,261,909▲ $2,550,140
Total Liabilities and Net Assets / Fund Balance$253,800,311$235,069,234▼ $18,731,077

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,741,992$2,116,609$11,858,601
Land$2,529,743-$2,529,743
Equipment$89,007$1,031,623$1,120,630
Leasehold Improvements$2,500$20,613$23,113
Other Securities$1,754,780--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cindy WhitePresident / CEOFT$278,428$233,079$511,507
Trent VaughnSenior Vice PresidentFT$257,808$137,906$395,714
Bob HerzigVice President of FinanceFT$128,848$113,780$242,628

Board Members and Trustees

NameTitle
Jeff DewittBoard Member - Chairman
Andy ScottBoard Member
Brenda BolenBoard Member
Mike OssenkopBoard Member
Renee AxtellBoard Member
Rick DawkinsBoard Member
Steven AllenBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Jack Henry & Associates IncData processing Services/Core ProcessorPO Box 609, Monett, MO 65708$454,305
CNET IncNetwork Maintenance and SecurityPO Box 1437, Mustang, OK 73064$232,017
Autopay Direct IncLoan Refinance Referral Fees8055 E Tufts Ave, Denver, CO 80237$227,338
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$15,768,887
Investment Income
$2,118,314
Other Revenue
$-186
Change in Net Assets
$3,003,142
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,920,326
Salaries, Compensation, and Employee Benefits$5,784,644
Grants and Similar Amounts Paid$20,244
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,943,698
Benefits to Members---$2,158,659
Interest---$1,629,198
Current Officers, Directors, Trustees, and Key Employees---$1,061,660
Information Technology---$850,016
Office Expenses---$482,915
Depreciation Depletion---$446,077
Occupancy---$428,137
Other Employee Benefits---$388,061
Payroll Taxes---$341,475
All Other Expenses---$247,274
Advertising---$144,839
Insurance---$120,034
Fees for Services Other---$89,413
Other Expenses---$81,555
Conferences and Meetings---$77,907
Fees for Services Legal---$74,280
Fees for Services Accounting---$50,000
Pension Plan Contributions---$49,750
Travel---$26,097
Grants to Domestic Individuals---$15,012
Grants to Domestic Orgs---$5,232
Fees for Service Investment Mgmnt Fees---$5,184
Total Functional Expenses$0$0$0$14,883,873
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Suited for SuccessOklahoma City, OK501(c)(3)Helps women achieve self sufficiency by providing professional clothing and career development services.$4,932
OKLAHOMA'S CREDIT UNION - SUGAR & SPURS EVENTOklahoma City, OK-Donation to Sugar and Spurs Event to raise funding for research and treatment of pediatric illnesses.$200
Credit Union House of OklahomaOklahoma City, OK-Location supported by all credit unions in the area and is utilized for events, training, conferences, and meetings.$100
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$60,111$4,346▼ $55,765
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Share Accounts$167,797,999
Total Clearing Accounts$86,738
Loan Proceeds Disbursement$84,968
Reserve for Unfunded Commitments$48,142
Indirect Lending Funding Account$26,615
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“The organization has only one class of members and no stockholders.”

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

“MEMBER ELECTION”

Form 990, Part VI, Section B, line 11B

“Determined by board of directors”

Form 990, Part VI, Section C, line 19

“Documents provided upon request”

Filing and Contact Details

Filer

Filer Name
Oklahoma Educators Credit Union
EIN
73-0742019
Phone
4057222234
Address
4001 NW EXPRESSWAY, OKLAHOMA CITY, OK 73116

Signing Officer

Name
Cindy White
Title
President
Phone
4057222234
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cindy White
Formed
1960
Legal Domicile
Ok
Voting Board Members
7
Independent Board Members
7
Employees
171
Volunteers
11

Preparer

Firm
Ley Gifford & Farr Pllc
Address
1601 NW EXPRESSWAY STE 1800, OKLAHOMA CITY, OK 73118
Preparer
Clarissa Hunter
Phone
4058480255
Supplemental Narrative

Additional Explanations

Part XII, Line 2A

“Per section 715.7 of the National Credit Union Administration, A credit union which is not required to obtain a financial statement audit may fulfill its supervisory committee responsibility by obtaining an Other Supervisory Committee Audit. Oklahoma Educators Credit Union fulfills this obligation by obtaining a Supervisory Committee Annual Review by a third-party.”

Part XII, Line 2C

“No change in process from prior year.”

Part IX, Line 24

“Oklahoma Educators Credit Union purchased a property for use as their future corporate headquarters. A suspense liability was established for the future purchase of furniture, equipment and computers. To establish the suspense liability account, an expense category of office equipment was established and appears as an other expense on Part IX, Line 24 of the 990.”

Financial Statement Notes

Part IV, Line 2B:

“OECU collects funds when a mortgage payment is made and these funds are held in an escrow account. These funds are later disbursed to pay a member's insurance premiums and real estate taxes. The 2023 balance is $188,466. OECU collected funds to purchase backpacks and school supplies to be donated to students in the community. The 2023 balance is $9,016.”

Raw XML AppendixShowing 400 of 589 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/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0850016
IRS990/InsuranceGrp/TotalAmt0120034
IRS990/InterestGrp/TotalAmt01629198
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt02011949
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02011949
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt058008781
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt058431881
IRS990/IRPDocumentCnt02627
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03168845
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011948385
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012363242
IRS990/LandBldgEquipCostOrOtherBssAmt015532087
IRS990/LegalDomicileStateCd0OK
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0293635
IRS990/LessRentalExpensesGrp/RealAmt020644
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDING FINANCIAL SERVICES TO SCHOOL EMPLOYEES, STUDENTS, AND THEIR FAMILIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt028537900
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt042146400
IRS990/NetAssetsOrFundBalancesBOYAmt020711769
IRS990/NetAssetsOrFundBalancesEOYAmt023261909
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0106365
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0106365
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-186
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-186
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-453002
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0428137
IRS990/OfficeExpensesGrp/TotalAmt0482915
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01903084
IRS990/OtherAssetsTotalGrp/EOYAmt01708816
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0388061
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1PROCESSING FEES
IRS990/OtherExpensesGrp/Desc2EMPLOYEE & DIRECTOR EXP
IRS990/OtherExpensesGrp/Desc3COLLECTION EXPENSE
IRS990/OtherExpensesGrp/TotalAmt01679319
IRS990/OtherExpensesGrp/TotalAmt1362245
IRS990/OtherExpensesGrp/TotalAmt2125836
IRS990/OtherExpensesGrp/TotalAmt381555
IRS990/OtherLiabilitiesGrp/BOYAmt0202396742
IRS990/OtherLiabilitiesGrp/EOYAmt0168044462
IRS990/OtherSalariesAndWagesGrp/TotalAmt03943698
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0171760501
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0155476785
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0341475
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt049750
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0688583
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0555223
IRS990/PrincipalOfficerNm0CINDY WHITE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1FEES AND SERVICE CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012899516
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12821383
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt247988
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012899516
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12821383
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt247988
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt01294031
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt019691
IRS990/PYInvestmentIncomeAmt0996034
IRS990/PYOtherExpensesAmt07521487
IRS990/PYOtherRevenueAmt08873
IRS990/PYProgramServiceRevenueAmt016829346
IRS990/PYRevenuesLessExpensesAmt03002238
IRS990/PYSalariesCompEmpBnftPaidAmt05996806
IRS990/PYTotalExpensesAmt014832015
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt017834253
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt060111
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt04346
IRS990/ReconcilationRevenueExpnssAmt03003142
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt0-186
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt017780836
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt020711769
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt023261909
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt09741992
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02116609
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011858601
IRS990ScheduleD/EquipmentGrp/BookValueAmt089007
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01031623
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01120630
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt02529743
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02529743
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02500
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt020613
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt023113
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0167797999
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt184968
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt286738
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt348142
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt426615
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARE ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN PROCEEDS DISBURSEMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TOTAL CLEARING ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3RESERVE FOR UNFUNDED COMMITMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4INDIRECT LENDING FUNDING ACCOUNT
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02379410
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11896600
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt252318091
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt350000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt433000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt51754780
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CATALYST CORP CU
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FEDERAL HOME LOAN BANK
IRS990ScheduleD/OtherSecuritiesGrp/Desc2MBO SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc3SERVICE CENTER CU
IRS990ScheduleD/OtherSecuritiesGrp/Desc4CUSO - INSURANCE
IRS990ScheduleD/OtherSecuritiesGrp/Desc5NCUA SHARE INSURANCE FUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5C
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0OECU collects funds when a mortgage payment is made and these funds are held in an escrow account. These funds are later disbursed to pay a member's insurance premiums and real estate taxes. The 2023 balance is $188,466. OECU collected funds to purchase backpacks and school supplies to be donated to students in the community. The 2023 balance is $9,016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012363242
IRS990ScheduleD/TotalBookValueSecuritiesAmt058431881
IRS990ScheduleD/TotalLiabilityAmt0168044462
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt013212
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt11800
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TEACHER GRANT PROGRAM
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1TEACHER OF THE YEAR EVENT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt038
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt118
IRS990ScheduleI/RecipientTable/CashGrantAmt04932
IRS990ScheduleI/RecipientTable/CashGrantAmt1200
IRS990ScheduleI/RecipientTable/CashGrantAmt2100
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Helps women achieve self sufficiency by providing professional clothing and career development services.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Donation to Sugar and Spurs Event to raise funding for research and treatment of pediatric illnesses.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Location supported by all credit unions in the area and is utilized for events, training, conferences, and meetings.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SUITED FOR SUCCESS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1OKLAHOMA'S CREDIT UNION - SUGAR & SPURS EVENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2CREDIT UNION HOUSE OF OKLAHOMA
IRS990ScheduleI/RecipientTable/RecipientEIN0731466393
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt04557 NW 23RD STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt13001 N LINCOLN BLVD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2631 E HILL STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0OKLAHOMA CITY
IRS990ScheduleI/RecipientTable/USAddress/CityNm1OKLAHOMA CITY
IRS990ScheduleI/RecipientTable/USAddress/CityNm2OKLAHOMA CITY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1OK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2OK
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd073127
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd173105
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd273105
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Grant recipients are chosen by a committee based on the information provided by the applicant including: reason for the project, clearly stated goals, impact and longevity of funds, and credit union membership. Decision of the committee will be final.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt02
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0278428
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1257808
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2128848
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount094117
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount177294
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount256470
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$235,069,234
Liabilities
$211,807,325
Net assets
$23,261,909
Revenue
$17,887,015
Expenses
$14,883,873
Net income
$3,003,142
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$211$186$25.0$17.3$14.9$2.42
2023Detailed filing. Detailed filing data is available for this year.$235$212$23.3$17.9$14.9$3.00
2022Detailed filing. Detailed filing data is available for this year.$254$233$20.7$17.8$14.8$3.00
2021Detailed filing. Detailed filing data is available for this year.$242$219$22.7$16.4$13.3$3.06
2020Detailed filing. Detailed filing data is available for this year.$216$195$20.7$15.3$13.1$2.20
2019Detailed filing. Detailed filing data is available for this year.$167$149$17.6$14.0$12.0$2.00
2018Detailed filing. Detailed filing data is available for this year.$156$141$14.8$11.4$9.72$1.70
2017Detailed filing. Detailed filing data is available for this year.$144$131$13.3$9.49$7.74$1.75
2016Detailed filing. Detailed filing data is available for this year.$132$120$11.5$7.53$6.28$1.25
2015Detailed filing. Detailed filing data is available for this year.$120$110$10.5$6.69$5.24$1.45
2014Detailed filing. Detailed filing data is available for this year.$114$105$9.01$5.27$4.16$1.11
2013Detailed filing. Detailed filing data is available for this year.$110$103$7.04$3.78$3.66$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$106$98.4$7.71$3.87
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$102$94.0$7.73$4.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$100$93.4$7.03$4.86