2024-05-14T16:24:44-05:00 2023-12-31 832877982 LEY GIFFORD & FARR PLLC 1601 NW EXPRESSWAY STE 1800 OKLAHOMA CITY OK 73118 990 2023-01-01 730742019 OKLAHOMA EDUCATORS CREDIT UNION OKLA 4057222234 4001 NW EXPRESSWAY OKLAHOMA CITY OK 73116 Cindy White PRESIDENT 4057222234 2024-05-14 1 Cindy White 999009999 1 Clarissa Hunter P01782251 4058480255 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z CINDY WHITE 4001 NW EXPRESSWAY OKLAHOMA CITY OK 73116 18201294 0 X WWW.OECU.COM X 1960 OK PROVIDING FINANCIAL SERVICES TO SCHOOL EMPLOYEES, STUDENTS, AND THEIR FAMILIES. 7 7 171 11 0 0 0 0 16829346 15768887 996034 2118314 8873 -186 17834253 17887015 19691 20244 1294031 2158659 5996806 5784644 0 0 0 7521487 6920326 14832015 14883873 3002238 3003142 253800311 235069234 233088542 211807325 20711769 23261909 PROVIDING FINANCIAL SERVICES TO SCHOOL EMPLOYEES, STUDENTS, AND THEIR FAMILIES. 0 0 14863629 20244 17780836 OKLAHOMA EDUCATORS CREDIT UNION IS A STATE CHARTERED CREDIT UNION SERVICING EDUCATORS, STUDENTS, AND THEIR FAMILIES. 14863629 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 2627 0 1 171 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 0 0 1 0 0 0 OK X OKLAHOMA EDUCATORS CREDIT UNION 4057222234 4001 NW EXPRESSWAY OKLAHOMA CITY OK 73116 RENEE AXTELL BOARD MEMBER 5.00 X 0 0 0 BRENDA BOLEN BOARD MEMBER 5.00 X 0 0 0 STEVEN ALLEN BOARD MEMBER 5.00 X 0 0 0 ANDY SCOTT BOARD MEMBER 5.00 X 0 0 0 RICK DAWKINS BOARD MEMBER 5.00 X 0 0 0 JEFF DEWITT BOARD MEMBER - CHAIRMAN 5.00 X 0 0 0 MIKE OSSENKOP BOARD MEMBER 5.00 X 0 0 0 CINDY WHITE PRESIDENT / CEO 60.00 X 418466 0 93041 TRENT VAUGHN SENIOR VICE PRESIDENT 60.00 X 359957 0 35757 BOB HERZIG VICE PRESIDENT OF FINANCE 60.00 X 185496 0 57132 963919 0 185930 3 0 1 0 Jack Henry & Associates Inc PO Box 609 Monett MO 65708 Data processing Services/Core Processor 454305 CNET Inc PO Box 1437 Mustang OK 73064 Network Maintenance and Security 232017 Autopay Direct Inc 8055 E Tufts Ave Denver CO 80237 Loan Refinance Referral Fees 227338 3 LOAN INTEREST 522100 12899516 12899516 FEES AND SERVICE CHARGES 522100 2821383 2821383 OTHER INCOME 522100 47988 47988 15768887 2011949 2011949 20458 20644 -186 -186 -186 400000 293635 106365 106365 106365 17887015 17780836 0 106179 5232 15012 2158659 1061660 3943698 49750 388061 341475 74280 50000 5184 89413 144839 482915 850016 428137 26097 77907 1629198 446077 120034 PROVISION FOR LOAN LOSS 1679319 PROCESSING FEES 362245 EMPLOYEE & DIRECTOR EXP 125836 COLLECTION EXPENSE 81555 247274 14883873 9430866 6527587 1354 60111 4346 171760501 155476785 688583 555223 15532087 3168845 11948385 12363242 58008781 58431881 1903084 1708816 253800311 235069234 1929977 1418981 223923 197482 28537900 42146400 202396742 168044462 233088542 211807325 X 0 0 0 0 20711769 23261909 20711769 23261909 253800311 235069234 3003142 -453002 0 X X 0 0 0 0 1 X 2529743 2529743 11858601 2116609 9741992 23113 20613 2500 1120630 1031623 89007 12363242 CATALYST CORP CU 2379410 C FEDERAL HOME LOAN BANK 1896600 C MBO SECURITIES 52318091 F SERVICE CENTER CU 50000 C CUSO - INSURANCE 33000 C NCUA SHARE INSURANCE FUND 1754780 C 58431881 SHARE ACCOUNTS 167797999 LOAN PROCEEDS DISBURSEMENT 84968 TOTAL CLEARING ACCOUNTS 86738 RESERVE FOR UNFUNDED COMMITMENTS 48142 INDIRECT LENDING FUNDING ACCOUNT 26615 168044462 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. 1 SUITED FOR SUCCESS 4557 NW 23RD STREET OKLAHOMA CITY OK 73127 731466393 501(c)(3) 4932 0 Helps women achieve self sufficiency by providing professional clothing and career development services. OKLAHOMA'S CREDIT UNION - SUGAR & SPURS EVENT 3001 N LINCOLN BLVD OKLAHOMA CITY OK 73105 200 0 Donation to Sugar and Spurs Event to raise funding for research and treatment of pediatric illnesses. CREDIT UNION HOUSE OF OKLAHOMA 631 E HILL STREET OKLAHOMA CITY OK 73105 100 0 Location supported by all credit unions in the area and is utilized for events, training, conferences, and meetings. 1 2 TEACHER GRANT PROGRAM 38 13212 TEACHER OF THE YEAR EVENT 18 1800 Part I, Line 2: Grant 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. X 0 0 0 CINDY WHITE PRESIDENT / CEO 278428 0 94117 0 45921 0 93041 0 0 0 511507 0 0 0 TRENT VAUGHN SENIOR VICE PRESIDENT 257808 0 77294 0 24855 0 29043 0 6714 0 395714 0 1128 0 BOB HERZIG VICE PRESIDENT OF FINANCE 128848 0 56470 0 178 0 50418 0 6714 0 242628 0 0 0 MICHAEL OSSENKOP BOARD MEMBER CAR X 30127 4346 0 1 1 4346 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 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. EDUCATORS INSURANCE AGENCY LLC 4001 NW EXPRESSWAY OKLAHOMA CITY OK 73116 831564067 To sell property and casualty insurance products to members of OECU. OK OKLAHOMA EDUCATORS CREDIT UNION C -1106 29262 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 EDUCATORS INSURANCE AGENCY LLC Q 855 ACTUAL AMOUNT EDUCATORS INSURANCE AGENCY LLC Q 826 ACTUAL AMOUNT