Ttcu Federal Credit Union
- Assets
- $2.0b
- Revenue
- $107.7m
- Investments
- $101.3k
- Employees
- 484
- Location
- Tulsa, OK
- Founding
- 06/1970
- Data as of
- 12/2019
- EIN
- 73-0489468
Organization Overview
Ttcu Federal Credit Union is located in Tulsa, OK. The organization was established in 1970. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, Ttcu Federal Credit Union employed 484 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ttcu Federal Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2019, Ttcu Federal Credit Union generated $107.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $90.2m during the year ending 12/2019. While expenses have increased by 7.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
ENRICHING LIFE THROUGH FINANCIAL LEADERSHIP. WE ARE THE TRUSTED SOURCE FOR FINANCIAL SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEDERAL CHARTERED CREDIT UNION, EXEMPT BY FEDERAL STATUTE, ESTABLISHED TO PROVIDE SPECIFIC FINANCIAL SERVICES TO ITS MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Lyons CEO | Officer | 45 | $600,856 |
Shelby Beil CFO | Officer | 45 | $260,680 |
Charles Chastain COO | Officer | 45 | $255,899 |
Daniel Newberry Sr. VP Of Lending | Officer | 45 | $207,542 |
Stephanie Jones Chief Risk Officer | Officer | 45 | $205,862 |
Sopheak Chin Mortgage Originator | 40 | $187,379 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $90,120,320 |
| Investment income | $14,424,898 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,912,637 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,654,707 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,578,967 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,212,567 |
| Pension plan accruals and contributions | $2,632,349 |
| Other employee benefits | $4,765,996 |
| Payroll taxes | $1,327,576 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75,417 |
| Fees for services: Accounting | $80,804 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,231,212 |
| Advertising and promotion | $3,336,576 |
| Office expenses | $1,651,922 |
| Information technology | $8,159,267 |
| Royalties | $0 |
| Occupancy | $2,128,612 |
| Travel | $546,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $179,488 |
| Interest | $4,963,484 |
| Payments to affiliates | $142,238 |
| Depreciation, depletion, and amortization | $3,676,336 |
| Insurance | $0 |
| All other expenses | $103,685 |
| Total functional expenses | $90,216,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,579,395 |
| Savings and temporary cash investments | $76,028,733 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $177,026 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,283,193,912 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,019,010 |
| Net Land, buildings, and equipment | $63,136,853 |
| Investments—publicly traded securities | $537,596,406 |
| Investments—other securities | $101,342 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,912,190 |
| Total assets | $2,019,744,867 |
| Accounts payable and accrued expenses | $30,921,493 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $218,020,089 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,493,604,091 |
| Total liabilities | $1,742,545,673 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $277,199,194 |
| Total liabilities and net assets/fund balances | $2,019,744,867 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Dow Employees Credit Union Lake Jackson, TX | $3,609,955,686 | $249,289,906 |
Bellco Credit Union Greenwood Village, CO | $5,171,032,513 | $254,737,778 |
Community America Credit Union Lenexa, KS | $2,942,812,522 | $191,438,836 |
Navy Army Community Credit Union Corpus Christi, TX | $3,263,904,258 | $192,613,593 |
Canvas Credit Union Lone Tree, CO | $2,726,664,766 | $173,007,741 |
Elevations Credit Union Boulder, CO | $2,213,511,736 | $149,375,954 |
Ttcu Federal Credit Union Tulsa, OK | $2,019,744,867 | $107,654,707 |
Credit Union Of Texas Allen, TX | $1,393,394,999 | $92,923,025 |
Meritrust Credit Union Wichita, KS | $1,215,121,922 | $75,229,939 |
First Community Credit Union Of Houston Houston, TX | $1,792,099,234 | $78,841,838 |
Texas Trust Credit Union Arlington, TX | $1,344,628,631 | $71,525,575 |
Westerra Credit Union Denver, CO | $1,571,773,647 | $71,471,009 |