Oklahomas Credit Union

Oklahomas Credit Union Overview

Oklahomas Credit Union is located in Oklahoma City, OK. The organization was established in 1955. 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 12/2020, Oklahomas Credit Union employed 169 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahomas 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 12/2020, Oklahomas Credit Union generated $32.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $26.6m during the year ending 12/2020. While expenses have increased by 5.1% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

HELPING OKLAHOMANS DO MORE WITH THEIR MONEY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING MEMBERS WITH COMPETITIVE SAVINGS AND LOAN PRODUCTS AND SERVICES SO THAT THEY CAN DO MORE WITH THEIR MONEY.


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Oklahomas Credit Union Board, Officers & Key Employees

Name (title)Compensation
Mark W Kelly
President
$449,076
Luann Schmiedel
Evp
$283,553
Philip Sherwin
Senior VP - Cto
$207,552
Ronda Bailey
Senior VP - Clo
$199,875
Jennifer Lown
Senior VP - Marketing
$152,500
Sherlyn Smith
Senior VP - COO
$132,750

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$28,400,636
Investment income $2,838,530
Tax Exempt Bond Proceeds $0
Royalties $3,640
Net Rental Income $71,460
Net Gain/Loss on Asset Sales $13,760
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $32,680,789

Oklahomas Credit Union Peer Organizations

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First Service Credit Union
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$51,399,270
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