Fire Fighters Credit Union
- Assets
- $46.6m
- Revenue
- $2.4m
- Investments
- $6.6m
- Employees
- 13
- Location
- Tulsa, OK
- Founding
- 11/1961
- Data as of
- 12/2022
- EIN
- 73-0528996
Organization Overview
Fire Fighters Credit Union is located in Tulsa, OK. The organization was established in 1961. According to its NTEE Classification (M24) the organization is classified as: Fire Prevention, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2022, Fire Fighters Credit Union employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fire Fighters 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 12/2022, Fire Fighters Credit Union generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREDIT UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIVIDENDS ARE PAID TO 3699 ACCOUNTS FOR 3401 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frances Reed CEO | Officer | 40 | $181,417 |
Susan Driggers COO | Officer | 40 | $106,461 |
Lori Cazenave Cio | Officer | 40 | $92,750 |
Tim White CFO | Officer | 40 | $62,688 |
Kevin Hill CFO | Officer | 40 | $65,440 |
Peggy Smith Board Member | Trustee | 0 | $0 |
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 | $2,107,605 |
| Investment income | $301,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,409,297 |
| 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 | $33,003 |
| Compensation of current officers, directors, key employees. | $508,756 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $257,714 |
| Pension plan accruals and contributions | $33,517 |
| Other employee benefits | $92,644 |
| Payroll taxes | $58,206 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,329 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,544 |
| Advertising and promotion | $5,698 |
| Office expenses | $339,712 |
| Information technology | $225,056 |
| Royalties | $0 |
| Occupancy | $75,410 |
| Travel | $11,516 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,330 |
| Insurance | $39,901 |
| All other expenses | $0 |
| Total functional expenses | $1,957,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,740 |
| Savings and temporary cash investments | $13,679,503 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $24,473,195 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $113,959 |
| Net Land, buildings, and equipment | $1,397,657 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,592,645 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,150 |
| Total assets | $46,607,849 |
| Accounts payable and accrued expenses | $623,558 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,578,911 |
| Total liabilities | $39,202,469 |
| Net assets without donor restrictions | $7,405,380 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $46,607,849 |