2025-10-08T09:44:05-05:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 730731221 OKLAHOMA CENTRAL CREDIT UNION OKLA 9186646000 4956 S PEORIA AVE TULSA OK 74105 BILL JOLIN CFO 9186646000 2025-10-07 1 0 AUBREY CLEGG P01076395 3052328272 2025-10-07 2024 2025-03-06 01:10:19Z EUGENIA WILSON 4956 S PEORIA AVE TULSA OK 74105 38207802 0 X WWW.OKLAHOMACENTRAL.CREDITUNION X 1941 OK TO MAKE A DIFFERENCE IN THE LIVES OF OUR EMPLOYEES, MEMBERS, AND THE COMMUNITIES WE SERVE. 7 7 161 7 136616 0 0 0 24219258 25030484 9871565 12532355 772633 644963 34863456 38207802 53090 205390 0 0 10421419 11121156 0 0 0 17535552 21820995 28010061 33147541 6853395 5060261 672849029 686876830 598404663 605739032 74444366 81137798 X OKLAHOMA CENTRAL CREDIT UNION (THE CREDIT UNION) IS A 501(C)(14), STATE-CHARTERED CREDIT UNION. THE CREDIT UNION PROVIDES CONSUMER AND BUSINESS FINANCIAL SERVICES TO INCLUDE DEPOSIT ACCOUNTS, INVESTMENTS, AND LOANS. OUR MISSION IS TO MAKE A DIFFERENCE IN THE LIVES OF OUR EMPLOYEES, MEMBERS, AND THE COMMUNITIES WE SERVE. 0 0 PROMOTE SAVINGS AND PROVIDE FINANCIAL SERVICES TO MEMBER/OWNERS - OVERALL DEPOSIT BALANCES INCREASED IN 2024 BY $6.4M OR 1.08% OVER THE PREVIOUS YEAR. SOME OF THE SAVINGS CATEGORY CHANGES DURING THE YEAR WERE: SAVINGS DECREASED BY $5.8M (2.81%); REGULAR CERTIFICATES INCREASED BY $17M (19.34%); CHECKING INCREASED $6.6M (4.46%); IRAS DECREASED $584K (1.27%), AND MONEY MARKET DECREASED $10M (9.73%). IN TOTAL, THIS REPRESENTS 69,290 ACCOUNTS FROM A MEMBERSHIP TOTAL OF 42,897 WITH AN AVERAGE BALANCE OF $14,086 PER MEMBER. THE MOMENTUM CHECKING ACCOUNT CONTINUED TO BE POPULAR DURING 2024 AND GENERATED 2,056 NEW ACCOUNTS. OUR LOW-FEE COMMERCIAL CHECKING ACCOUNT CREATED 53 NEW ACCOUNTS. THE CREDIT UNION CONTINUED INVOLVEMENT IN THE SHARED BRANCHING NETWORK AND OFFERS 5 CONVENIENT LOCATIONS TO OUR MEMBERSHIP. OUR FINANCIAL WELLNESS PROGRAM PROVIDES EMPLOYEES OF OUR SEGS WITH VALUABLE INFORMATION DESIGNED TO INCREASE THEIR FINANCIAL KNOWLEDGE. THESE PROGRAMS ARE OFFERED TO SEVERAL OF OUR SEG GROUPS AND CONTINUE TO BE POPULAR. A FINANCIAL LITERACY PROGRAM OFFERED SEMINARS TO MEMBERS COVERING A WIDE ARRAY OF TOPICS DESIGNED TO HELP MEMBERS BETTER MANAGE THEIR PERSONAL FINANCES. PROVIDE ENHANCED ACCESS TO CREDIT AT REASONABLE RATES - THE CREDIT UNION USES A PRUDENT LENDING PHILOSOPHY TO OFFER VARIOUS LOAN PRODUCTS AT A LOW COST FOR MEMBERS TO FINANCE THEIR HOMES, AUTOMOBILES, BOATS, COLLEGE EXPENSES, ETC. DURING 2024, THE CREDIT UNION APPROVED 3,334 LOAN REQUESTS FOR OVER $79M. A TOTAL OF 293 REAL ESTATE LOANS WERE APPROVED WITH A DOLLAR AMOUNT OF $25M. THE CREDIT UNION IS IN ITS SEVENTEENTH YEAR OF COMMERCIAL LENDING AS A DIRECT RESPONSE TO OUR SMALL BUSINESS OWNERS' REQUESTS FOR FINANCIAL SERVICES. PRODUCT OFFERINGS ALSO INCLUDE SHORT TERM (7-YEAR) MORTGAGE LOANS. THE CREDIT UNION CONTINUES OFFERING HOME PROTECTION LOANS (STORM SHELTERS, GENERATORS, ETC.) AT A LOW INTEREST RATE TO HELP MEMBERS AFFORD THE COSTLY EXPENSE OF ADDING THESE ITEMS. COMMUNITY INVOLVEMENT - OKLAHOMA CENTRAL CREDIT UNION CONTINUES TO SUPPORT AND BE ACTIVE IN THE COMMUNITIES WE SERVE. IN 2024, OKLAHOMA CENTRAL SPONSORED OR WAS INVOLVED IN THE FOLLOWING: 1) CREDIT UNION YOUTH MONTH ENCOURAGING YOUTH TO SET GOALS AND PLAN FOR THEIR FINANCIAL FUTURES THROUGH YOUTH SAVINGS ACCOUNTS. 2) CONTRIBUTED OVER $40K TO THE OKLAHOMA CENTRAL FOUNDATION. THIS MONEY WAS USED TO FUND FINANCIAL LITERACY, SCHOLARSHIPS, LOCAL TEACHER SUPPORT AND SCHOOL TECHNOLOGY. 3) THE CREDIT UNION ONCE AGAIN ALLOWED 40 PAID HOURS OF COMMUNITY SERVICE TO GIVE BACK TO THE COMMUNITY. BY YEAR END 2024, EMPLOYEES CONTRIBUTED 2862 HOURS TO VARIOUS ORGANIZATIONS. 4) OKLAHOMA CENTRAL MADE FINANCIAL DONATIONS THROUGH A REFER-A-FRIEND PROGRAM TO ORGANIZATIONS SUCH AS DVIS, FAMILY & CHILDREN'S SERVICES, ST. FRANCIS CHILDREN'S HOSPITAL AND JOHN 3:16 MISSION. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 14240 0 1 161 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 1 1 0 X BILL JOLIN 9186646000 4956 S PEORIA AVE TULSA OK 74105 JOEL DOLLAR CHAIRPERSON 1.00 X 0 0 0 JOHN KUSHNERICK VICE CHAIRPERSON 1.00 X 0 0 0 ANNE DORMAN SECRETARY/TREASURER 1.00 X 0 0 0 TIM HILLE DIRECTOR 1.00 X 0 0 0 PENNY CHEFFEY DIRECTOR 1.00 X 0 0 0 ANDY MURPHREE DIRECTOR 1.00 X 0 0 0 SUSAN PHELPS DIRECTOR 1.00 X 0 0 0 EUGENIA WILSON PRESIDENT/CEO 40.00 X 476445 0 129981 WILLIAM JOLIN CFO 40.00 X 187463 0 31282 ALLEN COFFER CHIEF STRATEGY OFFICER 40.00 X 142860 0 13080 SHELLI SCHROEDER EVP COO 40.00 X 239041 0 29345 KATRINA MORTON VP OF LENDING 40.00 X 160217 0 21251 JOYCE WHITE VP OF ACCOUNTING 40.00 X 151161 0 13974 EMILY FAIRCHILD VP FINANCE 40.00 X 131172 0 12523 JEREMY LIPPIATT VP OF INTEGRATED TECHNOLOG 40.00 X 145415 0 13082 KATHLEEN MANNING DIRECTOR MARKETING & COMMUNICATION 40.00 X 124455 0 28774 JENNIFER MARTIN VP RETAIL SALES AND SERVICES 40.00 X 124435 0 5960 MARGUERITE VAVRICK DIRECTOR OF HUMAN SERVICES 40.00 X 123683 0 20165 2006347 0 319417 14 0 1 0 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 SOFTWARE SERVICES 1250141 NCR CORPORATION 864 SPRING STREET NW ATLANTA GA 30308 STATEMENTS/HOME BANKING 1013244 N2 ADVERTISING LLC 6910 S YORKTOWN AVE SUITE 702753 TULSA OK 74170 ADVERTISING 822650 CITADEL INTELLIGENCE PO BOX 500 JENKS OK 74037 SECURITY 403503 SHI INTERNATIONAL CORP PO BOX 952121 DALLAS TX 753952121 COMPUTER SERVICES 382548 20 INTEREST INCOME ON LOANS 522100 19490650 19490650 INTERCHANGE INCOME 522100 2747696 2747696 OTHER INCOME 522100 1346900 1346900 SERVICE CHARGES AND OTHER FEES 522100 1308622 1308622 FINANCE AND INSURANCE 520000 136616 136616 25030484 12529180 12529180 3175 0 3175 3175 3175 GAIN ON EQUITY SECURITIES 522100 644963 644963 644963 38207802 25542006 136616 12529180 205390 1596100 7174010 397750 1311498 641798 380031 51338 150926 1679490 2861533 2620962 1396104 153524 8111756 1748633 215929 PLL 799455 LOAN SERVICING COSTS 783613 OTHER OPERATING 618997 STATE INCOME TAX 248704 33147541 3776748 3860101 31731320 32341854 4426453 6562828 338626586 317823742 838638 876487 42859494 24647987 17623366 18211507 266376445 297792582 9449473 9407729 672849029 686876830 2164142 3050245 305296 483381 595935225 602205406 598404663 605739032 X 0 0 0 0 74444366 81137798 74444366 81137798 672849029 686876830 5060261 1633171 0 X X 0 1 X 1 0 0 1 X 8683007 8683007 19464721 11373813 8090908 14711766 13274174 1437592 18211507 MORTGAGE-BACKED SECURITIES 69317441 F COLLATERALIZED MORTGAGE OBLIGATIONS 152917304 F US TREASURY NOTES 9975352 F MUNICIPAL BONDS 53888387 F SERP PLAN 10098448 F FHLB STOCK 607200 F MEMBER CAPITAL 750000 C OTHER INVESTMENTS 221455 C PSCU CAPITAL 1995 C INVESTMENT IN OCMS 15000 C 297792582 SHARES ACCOUNTS 201538519 SHARE DRAFT ACCOUNTS 154739788 MONEY MARKET ACCOUNTS 97313662 INDIVIDUAL RETIREMENT ACCOUNTS (IRA) 21404174 SHARE AND IRA CERTIFICATES 127209263 602205406 X 38207802 0 38207802 0 38207802 33147541 0 33147541 0 33147541 PART IV, LINE 2B: THE ORGANIZATION'S ESCROW ACCOUNTS ARE MAINTAINED BY OKLAHOMA CENTRAL CREDIT UNION FOR THE BENEFIT OF PAYING REAL ESTATE TAXES AND/OR INSURANCE ON BEHALF OF THE CREDIT UNION'S MEMBERS THAT HOLD MORTGAGES. PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. 1 OKLAHOMA CENTRAL FOUNDATION INC 11335 E 41ST STREET TULSA OK 74146 452804883 501(C)(3) 44165 0 TO ASSIT THE FOUNDATION IN IMPLEMENTING OKLAHOMA CENTRALS CREDIT UNION'S "TO MAKE A DIFFERENCE" CITY LIGHTS FOUNDATION OF OKLAHOMA 1018 W 23RD ST TULSA OK 74107 474362563 501(C)(3) 28500 0 TO SUPPORT THE CITY LIGHTS FOUNDATION OF OKLAHOMA IN PROVIDING ESSENTIAL SERVICES AND RESOURCES TO INDIVIDUALS AND FAMILIES IN NEED SAN MIGUEL SCHOOL OF TULSA INC OK 2444 E ADMIRAL BLVD TULSA OK 74110 830368948 501(C)(3) 77300 0 TO SUPPORT THE ORGANIZATION IN PROVIDING QUALITY EDUCATION FOR UNDERSERVED MIDDLE SCHOOL STUDENTS CHILDREN'S MIRACLE NETWORK 205 WEST 700 SOUTH TULSA OK 84101 870387205 501(C)(3) 7725 0 TO SUPPORT IN PROVIDING MEDICAL CARE AND RESOURCES TO IMPROVE THE HEALHT AND WELL BEING OF CHILDREN TULSA REGIONAL CHAMBER 1 W 3RD ST TULSA OK 74103 730488250 501(C)(6) 8500 0 TO SUPPORT THE PROMOTION OF ECONOMIC GROWTH, BUSINESS DEVELPMENT , AND COMMUNITY ADVANCEMENT TULSA ZOO 6421 E 36TH ST TULSA OK 74115 730930870 501(C)(3) 20000 0 TO SUPPORT PROVIDING EDUCATION, CONSERVATION, AND COMMUNITY ENGAGEMENT PROGRAMS 5 1 PART I, LINE 2: DONATIONS ARE PROVIDED TO THE OKLAHOMA CENTRAL FOUNDATION, INC. THIS IS A BUDGETED ITEM APPROVED BY THE BOARD OF DIRECTORS. THE PRESIDENT OF OKLAHOMA CENTRAL CREDIT UNION IS ON THE BOARD OF THE OKLAHOMA CENTRAL FOUNDATION, AND HELPS TO GUIDE AND MONITOR THE USE OF THE FUNDS. THE FUNDS CONTRIBUTED TO TULSA UNIVERSITY WERE USED TO SPONSOR AN ART EXHIBIT AT THE ANNUAL MAYFEST. X X X X 0 1 0 EUGENIA WILSON PRESIDENT/CEO 378258 0 88937 0 9250 0 114495 0 15486 0 606426 0 0 0 SHELLI SCHROEDER EVP COO 197371 0 41670 0 0 0 5855 0 23490 0 268386 0 0 0 WILLIAM JOLIN CFO 154351 0 33112 0 0 0 7792 0 23490 0 218745 0 0 0 KATRINA MORTON VP OF LENDING 137310 0 22907 0 0 0 5765 0 15486 0 181468 0 0 0 JOYCE WHITE VP OF ACCOUNTING 128234 0 22927 0 0 0 6100 0 7874 0 165135 0 0 0 JEREMY LIPPIATT VP OF INTEGRATED TECHNOLOG 123742 0 21673 0 0 0 5208 0 7874 0 158497 0 0 0 ALLEN COFFER CHIEF STRATEGY OFFICER 121450 0 21410 0 0 0 5206 0 7874 0 155940 0 0 0 KATHLEEN MANNING DIRECTOR MARKETING & COMMUNICATION 105452 0 19003 0 0 0 5284 0 23490 0 153229 0 0 0 PART I, LINE 3 THE PRESIDENT/CEO PARTICIPATES IN A NON-QUALIFIED 457(F) RETIREMENT PLAN. THE EXPENSE ACCRUED DURING THE YEAR ENDED DECEMBER 31, 2024 WAS $ 102,000. THIS IS INCLUDED IN DEFERRED COMPENSATION REPORTED WITH THE CEO'S DEFERRED COMPENSATION BENEFITS REPORTED IN PART VII AND SCH J, PART II. THERE WERE NO BENEFIT PAYOUTS DURING 2024. FORM 990, PART VI, SECTION A, LINE 6 OKLAHOMA CENTRAL CREDIT UNION HAS MEMBERS AS SPECIFIED BY ITS BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A OKLAHOMA CENTRAL CREDIT UNION MEMBERS HAVE THE POWER TO ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION A, LINE 8B OKLAHOMA CENTRAL CREDIT UNION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON THE GOVERNING BODY'S BEHALF. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER REVIEWS THE FORM 990 AND DISCUSSES IT WITH THE CHIEF EXECUTIVE OFFICER. A DRAFT OF FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C OKLAHOMA CENTRAL CREDIT UNION (THE CREDIT UNION) MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT-OF-INTEREST POLICY BY ANNUALLY DISTRIBUTING AND REQUIRING EACH BOARD MEMBER TO SIGN THE BOARD OF DIRECTORS CODE OF CONDUCT. THE CODE OF CONDUCT INCLUDES THE CREDIT UNIONS CONFLICT OF INTEREST GUIDELINES. FORM 990, PART VI, SECTION B, LINE 15 A THIRD-PARTY COMPENSATION CONSULTANT SERVICE IS USED. SOFTWARE IS PROVIDED TO ADMINISTER AND MAINTAIN COMPENSATION LEVELS OF ALL STAFF. COMPENSATION IS BASED ON JOB EVALUATIONS AND GRADE LEVELS. GRADE LEVELS DICTATE WHETHER RANGE IS AT THE NATIONAL, REGIONAL OR LOCAL LEVELS. OVERALL GRADE LEVEL SYSTEM TESTING IS DONE PERIODICALLY AND FOR SPECIFIC OCCURRENCES WITH AN OUTSIDE CONSULTANT WHEN NEW POSITIONS ARE ADDED OR AT THE REQUEST OF OKLAHOMA CENTRAL CREDIT UNION. A COMPENSATION SALARY SURVEY COMPILED BY A NATIONAL ASSOCIATION IS PROVIDED TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS USES SURVEY AND GRADE LEVEL INFORMATION TO EVALUATE THE CHIEF EXECUTIVE OFFICER AS WELL AS OTHER OFFICERS AND KEY EMPLOYEES. THE BOARD OF DIRECTORS MEETS INDEPENDENTLY OF REGULAR MEETINGS FOR COMPENSATION DISCUSSIONS ANNUALLY OF THE CHIEF EXECUTIVE OFFICER. THE BOARD OF DIRECTORS KEEPS CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THIS PROCESS OCCURRED USUALLY TAKES PLACE EACH YEAR DURING THE MONTH OF APRIL. FORM 990, PART VI, SECTION C, LINE 19 OKLAHOMA CENTRAL CREDIT UNION (THE CREDIT UNION) MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN THE SAME TIME AND MANNER AS OTHER DISCLOSURES REQUIRED UNDER INTERNAL REVENUE CODE 6104. THE CREDIT UNION DOES NOT HAVE A SEPARATE CONFLICT OF INTEREST POLICY. THE CODE OF CONDUCT INCLUDES THE CREDIT UNIONS CONFLICT OF INTEREST GUIDELINES WHICH IS NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR. OKLAHOMA CENTRAL FOUNDATION INC 11335 E 41ST STREET TULSA OK 74146 452804883 FUNDRAISING OK 501(C)(3) LINE 7 OKLAHOMA CENTRAL CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0