2023-05-12T15:01:33-05:00 2022-12-31 832877982 LEY GIFFORD & FARR PLLC 1601 NW EXPRESSWAY STE 1800 OKLAHOMA CITY OK 73118 990 2022-01-01 730742019 OKLAHOMA EDUCATORS CREDIT UNION OKLA 4057222234 4001 NW EXPRESSWAY OKLAHOMA CITY OK 73116 Cindy White PRESIDENT 4057222234 2023-05-12 1 Cindy White 999009999 1 Clarissa Hunter P01782251 4058480255 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CINDY WHITE 4001 NW EXPRESSWAY OKLAHOMA CITY OK 73116 17849938 0 X WWW.OECU.COM X 1960 OK PROVIDING FINANCIAL SERVICES TO SCHOOL EMPLOYEES, STUDENTS, AND THEIR FAMILIES. 7 7 208 12 0 0 0 0 15976657 16829346 357018 996034 22194 8873 16355869 17834253 13416 19691 1516400 1294031 4720285 5996806 0 0 0 7047536 7521487 13297637 14832015 3058232 3002238 242039953 253800311 219373509 233088542 22666444 20711769 PROVIDING FINANCIAL SERVICES TO SCHOOL EMPLOYEES, STUDENTS, AND THEIR FAMILIES. 0 0 14812324 19691 17825380 OKLAHOMA EDUCATORS CREDIT UNION IS A STATE CHARTERED CREDIT UNION SERVICING EDUCATORS, STUDENTS, AND THEIR FAMILIES. 14812324 0 0 0 0 0 0 0 0 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 2766 0 1 208 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 CHESTER WEEMS BOARD MEMBER 5.00 X 0 0 0 STEVEN ALLEN BOARD MEMBER 5.00 X 0 0 0 JAMES HARROD 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 412686 0 57784 TRENT VAUGHN SENIOR VICE PRESIDENT 60.00 X 333014 0 34460 BOB HERZIG VICE PRESIDENT OF FINANCE 60.00 X 197887 0 40858 943587 0 133102 3 0 1 0 Jack Henry & Associates Inc PO Box 609 Monett MO 65708 Data processing Services/Core Processor 450539 Rate Genius 9300 United Drive Suite 180 Austin TX 78758 Loan Refinance Referral Fees 355890 CNET Inc PO Box 1437 Mustang OK 73064 Network Maintenance and Security 169499 Augusta Contracting PO Box 18738 Oklahoma City OK 73154 Contractor for Remodel 137839 4 LOAN INTEREST 522100 12931390 12931390 FEES AND SERVICE CHARGES 522100 3801180 3801180 OTHER INCOME 522100 96776 96776 16829346 985419 985419 24558 15685 8873 8873 8873 10615 0 10615 10615 10615 17834253 17825380 0 8873 6293 13398 1294031 1033354 4114814 40994 450806 356838 198902 45000 5184 120505 242608 507290 870725 392399 36844 90642 154804 332702 99130 PROVISION FOR LOAN LOSS 2719808 OFFICE EQUIPMENT 739868 PROCESSING FEES 326539 EMPLOYEE & DIRECTOR EXP 218821 419716 14832015 11083396 9430866 -10075 86267 60111 156367399 171760501 566282 688583 14734461 2786076 7934235 11948385 64666284 58008781 1346165 1903084 242039953 253800311 2195702 1929977 28537900 217177807 202620665 219373509 233088542 X 0 0 0 0 22666444 20711769 22666444 20711769 242039953 253800311 3002238 -4956913 0 X X 0 0 0 2529743 2529743 11180610 1764468 9416142 23112 20612 2500 1000996 1000996 0 11948385 CATALYST CORP CU 771149 C FEDERAL HOME LOAN BANK 1284400 C MBO SECURITIES 53889974 F SERVICE CENTER CU 50000 C CUSO - INSURANCE 33000 C NCUA SHARE INSURANCE FUND 1980258 C 58008781 SHARE ACCOUNTS 202293670 LOAN PROCEEDS DISBURSEMENT 94646 TOTAL CLEARING ACCOUNTS 171964 RESERVE FOR UNFUNDED COMMITMENTS 60385 202620665 1 SUITED FOR SUCCESS 4557 NW 23RD STREET OKLAHOMA CITY OK 73127 731466393 501(c)(3) 5993 0 Helps women achieve self sufficiency by providing professional clothing and career development services. CREDIT UNION HOUSE OF OKLAHOMA 631 E HILL STREET OKLAHOMA CITY OK 73105 300 0 Location supported by all credit unions in the area and is utilized for events, training, conferences, and meetings. 1 1 TEACHER GRANT PROGRAM 33 12698 TEACHER OF THE YEAR EVENT 14 700 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 270344 0 99079 0 43263 0 57784 0 0 0 470470 0 0 0 TRENT VAUGHN SENIOR VICE PRESIDENT 226621 0 80783 0 25610 0 28013 0 6447 0 367474 0 0 0 BOB HERZIG VICE PRESIDENT OF FINANCE 137412 0 59487 0 988 0 34411 0 6447 0 238745 0 0 0 STEVEN ALLEN BOARD MEMBER OTHER X 40109 20023 0 1 1 MICHAEL OSSENKOP BOARD MEMBER CAR X 30127 10668 0 1 1 JAMES HARROD BOARD MEMBER CAR X 17031 4547 0 1 1 RENE' D AXTELL BOARD MEMBER HELOC X 24852 21351 0 1 1 RENE' D AXTELL BOARD MEMBER CAR X 24139 3522 0 1 1 60111 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. Schedule D, Part VI, Line 1d During 2022, OECU retired obsolete computer and electronic equipment, resulting in a large decrease in equipment in comparison to the prior year. 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 -1070 31045 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 EDUCATORS INSURANCE AGENCY LLC D 826 ACTUAL AMOUNT