2022-05-13T16:29:47-05:00 2021-12-31 832877982 LEY GIFFORD & FARR PLLC 1601 NW EXPRESSWAY STE 1800 OKLAHOMA CITY OK 73118 990 2021-01-01 730742019 OKLAHOMA EDUCATORS CREDIT UNION OKLA 4057222234 4001 NW EXPRESSWAY OKLAHOMA CITY OK 73116 Cindy White PRESIDENT 4057222234 2022-05-13 1 Cindy White 999009999 Clarissa Hunter P01782251 4058480255 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z CINDY WHITE 4001 NW EXPRESSWAY OKLAHOMA CITY OK 73116 16360183 0 X WWW.OECU.COM X 1960 OK PROVIDING FINANCIAL SERVICES TO SCHOOL EMPLOYEES, STUDENTS, AND THEIR FAMILIES. 7 7 184 11 0 0 0 0 14457443 15976657 836558 357018 26508 22194 15320509 16355869 21491 13416 1712186 1516400 4282344 4720285 0 0 0 7102965 7047536 13118986 13297637 2201523 3058232 215642463 242039953 194985982 219373509 20656481 22666444 PROVIDING FINANCIAL SERVICES TO SCHOOL EMPLOYEES, STUDENTS, AND THEIR FAMILIES. 0 0 13284221 13416 16333675 OKLAHOMA EDUCATORS CREDIT UNION IS A STATE CHARTERED CREDIT UNION SERVICING EDUCATORS, STUDENTS, AND THEIR FAMILIES. 13284221 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 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 2606 0 1 184 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 - CHAIRMAN 5.00 X 0 0 0 RICK DAWKINS BOARD MEMBER 5.00 X 0 0 0 JEFF DEWITT BOARD MEMBER 5.00 X 0 0 0 MIKE OSSENKOP BOARD MEMBER 5.00 X 0 0 0 CINDY WHITE PRESIDENT / CEO 60.00 X 390876 0 50967 TRENT VAUGHN SENIOR VICE PRESIDENT 60.00 X 296492 0 50255 BOB HERZIG VICE PRESIDENT OF FINANCE/HUMAN RESOURCES 60.00 X 215579 0 31415 902947 0 132637 3 0 1 0 Jack Henry & Associates Inc PO Box 609 Monett MO 65708 DATA PROCESSING SERVICES/CORE PROCESSOR 453154 1 LOAN INTEREST 522100 11513401 11513401 FEES AND SERVICE CHARGES 522100 4079379 4079379 OTHER INCOME 522100 383877 383877 15976657 357018 357018 26508 4314 22194 22194 22194 16355869 16333675 0 22194 13416 1516400 989694 3061676 46153 340037 282725 155941 36999 2760 98679 154070 450865 794094 318666 22152 42823 3738 280203 94571 PROVISION FOR LOAN LOSS 2030500 OFFICE EQUIPMENT 1661041 PROCESSING FEES 322192 EMPLOYEE & DIRECTOR EXP 164319 413923 13297637 9489027 11083396 2560 -10075 120580 86267 136910251 156367399 514877 566282 10564235 2630000 6897214 7934235 60348565 64666284 1359389 1346165 215642463 242039953 2197032 2195702 10700000 0 182088950 217177807 194985982 219373509 X 0 0 0 0 20656481 22666444 20656481 22666444 215642463 242039953 X 3058232 -1184108 135839 X X 0 0 0 1917563 1917563 7080960 1387598 5693362 367672 81473 286199 1198040 1160929 37111 7934235 CATALYST CORP CU 5787884 C FEDERAL HOME LOAN BANK 366600 C MBO SECURITIES 54062297 F SERVICE CENTER CU 50000 C CUSO - INSURANCE 33000 C NCUA SHARE INSURANCE FUND 2018503 C SHORT-TERM CD'S 744000 C PERFORMANCE TIERED ACCOUNT 1604000 C 64666284 SHARE ACCOUNTS 216735501 LOAN PROCEEDS DISBURSEMENT 219653 INDIRECT LENDING FUNDING ACCOUNT 112118 TOTAL CLEARING ACCOUNTS 110535 217177807 1 TEACHER GRANT PROGRAM 27 12566 TEACH OF THE YEAR EVENT 17 850 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 235971 0 93476 0 61429 0 50967 0 0 0 441843 0 0 0 TRENT VAUGHN SENIOR VICE PRESIDENT 180133 0 76281 0 40078 0 43861 0 6394 0 346747 0 0 0 BOB HERZIG VICE PRESIDENT OF FINANCE/HUMAN RESO 157358 0 56086 0 2135 0 25021 0 6394 0 246994 0 0 0 STEVEN ALLEN BOARD MEMBER OTHER X 40109 24065 0 1 1 MICHAEL OSSENKOP BOARD MEMBER CAR X 30127 16765 0 1 1 JAMES HARROD BOARD MEMBER CAR X 17031 7837 0 1 1 RICK DAWKINS BOARD MEMBER CAR X 26894 15589 0 1 1 RENE' D AXTELL BOARD MEMBER HELOC X 24852 10231 0 1 1 RENE' D AXTELL BOARD MEMBER CAR X 24139 11780 0 1 1 86267 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 Form 990, Part XI, line 9: Friends Federal Credit Union - Year End Equity After Q4 Loss 94,968. Friends Federal Credit Union - Q4 Loss Attributable to Merged Entity 40,871. 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. Part XI, Line 9 Effective October 1, 2021, Friends Federal Credit Union (FFCU) merged with Oklahoma Educators Credit Union (OECU) with OECU as the surviving corporation and FFCU ceasing to exist. The amount of $135,839 included on line 9 of Part XI represents FFCU's equity balance as of the date of the merger. For disclosure purposes only, FFCU's equity balance would have been $94,968 if it was in existence as of December 31, 2021. The fourth quarter loss related to FFCU was $40,871 and has been included in OECU's 990 current year activity. 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 -1481 31487 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 1056 ACTUAL AMOUNT