Credit Union One Of Oklahoma is located in Oklahoma City, OK. The organization was established in 2004. 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 12/2021, Credit Union One Of Oklahoma employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Credit Union One Of Oklahoma 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 12/2021, Credit Union One Of Oklahoma generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OFFERING FINANCIAL SERVICES TO 5011 MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERING FINANCIAL SERVICES TO 5,011 MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tyrel Mccain Presidentceo | Officer | 60 | $123,124 |
Chris Moss Vice President Of Operations | Officer | 50 | $84,695 |
Cynthia Kinkade Member | Trustee | 1 | $0 |
Dena Thayer Member | Trustee | 1 | $0 |
Pat Novy Member | Trustee | 1 | $0 |
Fred C Smith Treasurer | Trustee | 1 | $0 |
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 | $1,387,963 |
Investment income | $20,579 |
Tax Exempt Bond Proceeds | $1,380 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$4,533 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,378,763 |
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. | $207,819 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $471,670 |
Pension plan accruals and contributions | $29,349 |
Other employee benefits | $76,853 |
Payroll taxes | $51,351 |
Fees for services: Management | $18,374 |
Fees for services: Legal | $21,781 |
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 | $0 |
Advertising and promotion | $26,030 |
Office expenses | $572,456 |
Information technology | $314,617 |
Royalties | $0 |
Occupancy | $49,911 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $16,702 |
Interest | $154,403 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $180,566 |
Insurance | $42,276 |
All other expenses | $0 |
Total functional expenses | $2,375,224 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $600,185 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $71,148 |
Loans from Officers, Directors, or Controlling Persons | $103,472 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $23,365,578 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $211,258 |
Net Land, buildings, and equipment | $3,350,641 |
Investments—publicly traded securities | $0 |
Investments—other securities | $19,602,052 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $752,925 |
Total assets | $48,057,259 |
Accounts payable and accrued expenses | $304,778 |
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 | $42,663,106 |
Total liabilities | $42,967,884 |
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 | $5,089,375 |
Total liabilities and net assets/fund balances | $48,057,259 |
Organization Name | Assets | Revenue |
---|---|---|
Sooper Credit Union Arvada, CO | $541,418,878 | $25,522,076 |
Partner Colorado Credit Union Arvada, CO | $575,170,940 | $26,663,634 |
Mid American Credit Union Wichita, KS | $369,701,114 | $22,939,489 |
Coastlife Credit Union Corpus Christi, TX | $459,349,679 | $21,652,843 |
Red Rocks Credit Union Littleton, CO | $358,530,092 | $14,106,899 |
Mct Credit Union Port Neches, TX | $363,107,409 | $15,984,837 |
Arsenal Credit Union Arnold, MO | $349,876,786 | $18,878,245 |
Americas Credit Union Garland, TX | $409,491,001 | $16,218,007 |
First Basin Credit Union Odessa, TX | $306,636,605 | $15,708,343 |
Allegiance Credit Union Oklahoma City, OK | $376,025,043 | $16,187,363 |
Texoma Community Credit Union Wichita Falls, TX | $259,230,472 | $16,333,220 |
Oklahoma Educators Credit Union Oklahoma City, OK | $242,039,953 | $16,355,869 |