TRUE SKY CREDIT UNION: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization: TRUE SKY CREDIT UNION (EIN 73-0564572)
Tax period: 2013-01-01 to 2013-12-31
Filed: 2014-11-14
IRS object ID: 201413189349308946
Schema version: 2013v3.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule C
Schedule D
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2014-11-14T06:45:19-00:00	ReturnTs
Tax Period End	2013-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	ORTH CHAKLER MURNANE AND CO CPAs	BusinessNameLine1

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	12060 SW 129 COURT SUITE 201	AddressLine1
City	MIAMI	City
State	FL	State
ZIP Code	33186	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2013-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	730564572	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FAA CREDIT UNION	BusinessNameLine1

Field	Value	IRS element (for citing)
Business Name Control	FAAC	BusinessNameControlTxt
Phone	4056821990	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 26406	AddressLine1
City	OKLAHOMA CITY	City
State	OK	State
ZIP Code	73126	ZIPCode

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	NATALIA VALENZUELA	PersonNm
Person Title	CFO	PersonTitleTxt
Signature	2014-11-14	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DOUGLAS ORTH	PreparerPersonNm
Phone	3052328272	PhoneNum
Preparation	2014-11-14	PreparationDt

Field	Value	IRS element (for citing)
Tax	2013	TaxYr
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Principal Ofcr Business Address PrincipalOfcrBusinessAddress

Field	Value	IRS element (for citing)
Business Name Line1	STEVE RASMUSSEN	BusinessNameLine1

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 26406	AddressLine1
City	OKLAHOMA CITY	City
State	OK	State
ZIP Code	73126	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	$68,773,210	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Group Exemption	2407	GroupExemptionNum
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.FAAECU.ORG	WebsiteAddressTxt
Type Of Organization Other	Yes (X)	TypeOfOrganizationOtherInd
Other Organization Dsc	CREDIT UNION	OtherOrganizationDsc
Formation	1946	FormationYr
Legal Domicile State	OK	LegalDomicileStateCd
Activity Or Mission	LOANS, DEPOSITS, AND OTHER FINANCIAL SERVICES FOR THE BENEFIT OF THE MEMBERS OF THE CREDIT UNION.	ActivityOrMissionDesc
Voting Members Governing Body	8	VotingMembersGoverningBodyCnt
Voting Members Independent	8	VotingMembersIndependentCnt
Total Employee	196	TotalEmployeeCnt
Total Volunteers	12	TotalVolunteersCnt
Total Gross UBI	$214,939	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	-$59,045	NetUnrelatedBusTxblIncmAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$15,887,121	PYProgramServiceRevenueAmt
CY Program Service Revenue	$15,239,117	CYProgramServiceRevenueAmt
PY Investment Income	$4,781,674	PYInvestmentIncomeAmt
CY Investment Income	$3,473,603	CYInvestmentIncomeAmt
PY Other Revenue	$5,033,784	PYOtherRevenueAmt
CY Other Revenue	$5,659,742	CYOtherRevenueAmt
PY Total Revenue	$25,702,579	PYTotalRevenueAmt
CY Total Revenue	$24,372,462	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$8,346,279	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$7,988,556	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$14,301,479	PYOtherExpensesAmt
CY Other Expenses	$11,477,103	CYOtherExpensesAmt
PY Total Expenses	$22,647,758	PYTotalExpensesAmt
CY Total Expenses	$19,465,659	CYTotalExpensesAmt
PY Revenues Less Expenses	$3,054,821	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$4,906,803	CYRevenuesLessExpensesAmt
Total Assets BOY	$533,314,216	TotalAssetsBOYAmt
Total Assets EOY	$551,799,710	TotalAssetsEOYAmt
Total Liabilities BOY	$490,681,080	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$508,012,272	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$42,633,136	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$43,787,438	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	LOANS, DEPOSITS, AND OTHER FINANCIAL SERVICES FOR THE BENEFIT OF THE MEMBERS OF THE CREDIT UNION.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	FAA CREDIT UNION HAS 47,721 ACTIVE MEMBERS. MEMBERS ENJOY A WIDE VARIETY OF SAVING OPTIONS THAT BEST SUIT THEIR INDIVIDUAL NEEDS. FAA CREDIT UNION OFFERS SAVINGS, SEVERAL CHECKING OPTIONS, MONEY MARKET, SHARE CERTIFICATES CDS AND IRAS WITHOUT ANY MONTHLY MAINTENANCE FEE. CONVENIENCE IS AT THEIR FINGERTIPS, WITH UP TO DATE TECHNOLOGY, WHETHER IT BE ONLINE BANKING OR E-STATEMENTS, IT IS JUST A CLICK AWAY AND BEST OF ALL, FREE TO THE MEMBERSHIP. FAA CREDIT UNION SHARE CERTIFICATE PROGRAM OFFERS MEMBERS THE FLEXIBILITY TO CHOOSE THE MATURITY THAT FITS THEIR LIFESTYLE, RANGING FROM 3 MONTHS TO 60 MONTHS, WE LET MEMBERS DECIDE. IN 2013 FAA CREDIT UNION HAS 5,090 SHARE CERTIFICATES WITH BALANCES OF 130,336,737 AND 1,369 IRA SHARE CERTIFICATES WITH BALANCES OF 29,141,543. THE CREDIT UNION MAY ALSO OFFER WEEKLY SPECIAL RATES THAT APPEAL TO OUR MEMBERSHIP THAT ONLY REQUIRE A 500 OR 1,000 MINIMUM INVESTMENT.	Desc
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	Yes (true)	PoliticalCampaignActyInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	Yes (true)	CreditCounselingInd
Temp Or Permanent Endowments	false	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	false	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	Yes (true)	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	9930	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	196	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	8	GoverningBodyVotingMembersCnt
Independent Voting Member	8	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (true)	MembersOrStockholdersInd
Election Of Board Members	Yes (true)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (true)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	false	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	NATALIA VALENZUELA	PersonNm
Phone	4056821990	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	10201 S WESTERN AVENUE	AddressLine1
City	OKLAHOMA CITY	City
State	OK	State
ZIP Code	73139	ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
JUDY RICHEY
CHAIR	001.00	001.00	Yes (X)	$0	$0	$0
TERRY DAVIDSON
VICE-CHAIR	001.00	001.00	Yes (X)	$0	$0	$0
JESSIE MCMULLEN
TREASURER	001.00	001.00	Yes (X)	$0	$0	$0
LINDA LINDSEY
DIRECTOR	001.00	001.00	Yes (X)	$0	$0	$0
RAY BRADFORD
DIRECTOR	001.00	001.00	Yes (X)	$0	$0	$0
VIRGINIA HICKS
SECRETARY	001.00	001.00	Yes (X)	$0	$0	$0
PHYLLIS HOWARD
DIRECTOR	001.00	001.00	Yes (X)	$0	$0	$0
TANYA CHILDRESS
ASSOCIATE DIRECTOR	001.00	001.00	Yes (X)	$0	$0	$0
STEVE RASMUSSEN
PRESIDENT/CEO	040.00	040.00		$341,534	$0	$22,240	Yes (X)
NATALIA VALENZUELA
CFO	040.00	040.00		$105,609	$0	$19,668	Yes (X)
ALISON WOLF
VP OF MARKETING	040.00	040.00		$96,940	$0	$14,115		Yes (X)
JEF FIALKOWSKI
SR VP OF IT	040.00	040.00		$154,595	$0	$21,182		Yes (X)
GLEN FIELDS
SR VP OF OPERATIONS	040.00	040.00		$136,086	$0	$10,965		Yes (X)
JULIE GAMBLIN
VP OF HR	040.00	040.00		$118,500	$0	$19,734		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$953,264	TotalReportableCompFromOrgAmt
Total Other Compensation	$107,904	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	6	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1	CityContractorAddress/USAddress/City	StateContractorAddress/USAddress/State	ZIP CodeContractorAddress/USAddress/ZIPCode	ServicesServicesDesc	CompensationCompensationAmt
PINNACLE BUSINESS SYSTEMS INC
3824 S BOULEVARD STE 200	EDMOND	OK	73013	SYSTEM HARDWARE/SOFTWARE, DATA PROCESSING	$262,526
AT&T CORPORATION
PO BOX 660688	DALLAS	TX	75266	TELECOMMUNICATIONS	$334,926
HARLAND FINANCIAL SOLUTIONS
400 SW 6TH AVENUE STE 200	PORTLAND	OR	97204	SYSTEM/DATA PROCESSING/MAINTENANCE SVC.	$211,932
WORKFLOWONE
9603 DEERECO RD STE 200	TIMONIUM	MD	21093	PRINTING/MAILING PROCESSOR	$288,012
CUBUS SOLUTIONS INC
6265 SOUTHFRONT ROAD	LIVERMORE	CA	94551	SYSTEM/DATA PROCESSING/MAINTENANCE SERV	$183,337

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	8	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
INCOME ON LOANS	522100	$13,720,284	$13,720,284
FEES/CHARGES/OTHER	522100	$1,303,894	$1,303,894
UNRELATED BUSINESS INCOME	900099	$214,939		$214,939

Field	Value	IRS element (for citing)
Total Program Service Revenue	$15,239,117	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,373,801	TotalRevenueColumnAmt
Related Or Exempt Func Income	$3,373,801	RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$43,573,383	SecuritiesAmt
Other	$927,167	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$43,471,547	SecuritiesAmt
Other	$929,201	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$101,836	SecuritiesAmt
Other	-$2,034	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$99,802	TotalRevenueColumnAmt
Related Or Exempt Func Income	$99,802	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	OTHER OPERATING INCOME	Desc
Business	522100	BusinessCd
Total Revenue Column	$5,659,742	TotalRevenueColumnAmt
Related Or Exempt Func Income	$5,659,742	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$5,659,742	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$24,372,462	TotalRevenueColumnAmt
Related Or Exempt Func Income	$24,157,523	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$214,939	UnrelatedBusinessRevenueAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$489,051	TotalAmt
Program Services	$489,051	ProgramServicesAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$5,335,880	TotalAmt
Program Services	$5,335,880	ProgramServicesAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$483,328	TotalAmt
Program Services	$483,328	ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,187,676	TotalAmt
Program Services	$1,187,676	ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$492,621	TotalAmt
Program Services	$492,621	ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$123,887	TotalAmt
Program Services	$123,887	ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$991	TotalAmt
Program Services	$991	ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$114,058	TotalAmt
Program Services	$114,058	ProgramServicesAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Field	Value	IRS element (for citing)
Fees For Services Prof Fundraising		FeesForServicesProfFundraising

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$1,439,167	TotalAmt
Program Services	$1,439,167	ProgramServicesAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$639,000	TotalAmt
Program Services	$639,000	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,356,720	TotalAmt
Program Services	$1,356,720	ProgramServicesAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$471,953	TotalAmt
Program Services	$471,953	ProgramServicesAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$150,944	TotalAmt
Program Services	$150,944	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$3,196,934	TotalAmt
Program Services	$3,196,934	ProgramServicesAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$807,646	TotalAmt
Program Services	$807,646	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$213,959	TotalAmt
Program Services	$213,959	ProgramServicesAmt

Other Expenses OtherExpensesGrp

Field	Value	IRS element (for citing)
Desc	SEE ATTACHED SCHEDULE	Desc
Total	$2,961,844	TotalAmt
Program Services	$2,961,844	ProgramServicesAmt

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$19,465,659	TotalAmt
Program Services	$19,465,659	ProgramServicesAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$3,235,008	BOYAmt
EOY	$2,414,948	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$7,780,129	BOYAmt
EOY	$24,735,898	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$3,401,717	BOYAmt
EOY	$2,865,829	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$294,640,630	BOYAmt
EOY	$284,735,906	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$572,497	BOYAmt
EOY	$672,453	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$21,708,072	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$10,864,438	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$11,057,146	BOYAmt
EOY	$10,843,634	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$201,960,842	BOYAmt
EOY	$215,798,987	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$1,601,800	BOYAmt
EOY	$1,604,200	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$9,064,447	BOYAmt
EOY	$8,127,855	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$533,314,216	BOYAmt
EOY	$551,799,710	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$4,797,054	BOYAmt
EOY	$5,102,778	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$1,891,929	BOYAmt
EOY	$1,775,634	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$483,992,097	BOYAmt
EOY	$501,133,860	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$490,681,080	BOYAmt
EOY	$508,012,272	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$42,633,136	BOYAmt
EOY	$43,787,438	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$42,633,136	BOYAmt
EOY	$43,787,438	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$533,314,216	BOYAmt
EOY	$551,799,710	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$4,906,803	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$3,752,501	NetUnrlzdGainsLossesInvstAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Political Expenditures	$1,700	PoliticalExpendituresAmt
Expended527 Activities	$1,700	Expended527ActivitiesAmt
Total Exempt Function Expend	$1,700	TotalExemptFunctionExpendAmt
Form1120 POL Filed	Yes (true)	Form1120POLFiledInd

Section527 Political Org Section527PoliticalOrgGrp

Organization Business Name OrganizationBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	OKLAHOMA CREDIT UNION POLITICAL ACTION COMMITTEE (OCUPAC)	BusinessNameLine1

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 702297	AddressLine1
City	TULSA	City
State	OK	State
ZIP Code	74170	ZIPCode

Field	Value	IRS element (for citing)
EIN	731281199	EIN
Paid Internal Funds	$1,700	PaidInternalFundsAmt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	false	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (true)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$3,381,813	OtherCostOrOtherBasisAmt
Book Value	$3,381,813	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$9,728,317	OtherCostOrOtherBasisAmt
Depreciation	$3,455,159	DepreciationAmt
Book Value	$6,273,158	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$744,724	OtherCostOrOtherBasisAmt
Depreciation	$620,622	DepreciationAmt
Book Value	$124,102	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$7,814,630	OtherCostOrOtherBasisAmt
Depreciation	$6,772,842	DepreciationAmt
Book Value	$1,041,788	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$38,588	OtherCostOrOtherBasisAmt
Depreciation	$15,815	DepreciationAmt
Book Value	$22,773	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$10,843,634	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDesc
Financial derivatives and other financial products
Closely-held equity interests

Other Liabilities Org OtherLiabilitiesOrgGrp (10 entries)

DescDesc	AmtAmt
Federal income taxes
REGULAR SHARES	$113,664,196
SHARE DRAFT	$108,022,348
CERTIFICATE OF DEPOSIT	$130,336,737
MONEY MARKET	$94,040,895
IRA CERTIFICATES	$29,141,543
IRA SHARES	$13,335,088
SUB SHARE ACCOUNTS	$10,431,856
BUSINESS SHARES	$2,159,148
OTHER SHARES	$2,049

Field	Value	IRS element (for citing)
Total Liability	$501,133,860	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$24,329,401	TotalRevEtcAuditedFinclStmtAmt
Other Revenue	-$43,061	OtherRevenueAmt
Revenue Not Reported	-$43,061	RevenueNotReportedAmt
Revenue Subtotal	$24,372,462	RevenueSubtotalAmt
Total Revenue Per Form990	$24,372,462	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$19,422,598	TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal	$19,422,598	ExpensesSubtotalAmt
Other Expenses Not Included	$43,061	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$43,061	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$19,465,659	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
X 2	THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE MORE LIKELY THAN NOT STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE IRC SECTION 501C14. AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME UBI DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE IRS RELEASED TECHNICAL ADVICE MEMORANDUMS TAMs TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX UBIT. UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. AS A RESULT, MANAGEMENT HAS ASSESSED THE CREDIT UNIONS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2012, 2011, AND 2010 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMNATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS.
IV 2B	THE CREDIT UNION SERVICES MORTGAGE LOANS. THAT IS, FUNDS ARE COLLECTED MONTHLY AND REMITTED ANNUALLY BY THE CREDIT UNION FOR MEMBERS INSURANCE PREMIUMS AND PROPERTY TAXES.
XI 4D	EXTRAORDINARY LOSSES REPORTED AS A REDUCTION OF REVENUES WITHIN THE AUDITED FINANCIAL STATEMENTS BUT REPORTED AS AN EXPENSE FOR FORM 990 REPORTING PURPOSES.
XII 2B	EXTRAORDINARY LOSSES REPORTED AS A REDUCTION OF REVENUES WITHIN THE AUDITED FINANCIAL STATEMENTS BUT REPORTED AS AN EXPENSE FOR FORM 990 REPORTING PURPOSES.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (true)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt
STEVE RASMUSSEN
PRESIDENT/CEO	$234,340	$5,495	$101,699	$11,717	$10,523	$363,774
JEF FIALKOWSKI
SR VP OF IT	$131,517	$23,078		$6,576	$14,606	$175,777

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Part I Line 4B	FormAndLineReferenceDesc
Explanation	STEVE RASMUSSEN 101,699	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part III, Line 4d	Program Service Expenses 0, Grants and allocations 0, Revenue 0 FAA CREDIT UNION PROVIDES A VARIETY OF MEMBER FINANCIAL EDUCATIONAL OPPORTUNITIES, INCLUDING CAR BUYER WORKSHOPS AND HOME BUYER WORKSHOPS. ADDITIONALLY, THE CREDIT UNION PROVIDES YOUTH FINANCIAL SEMINARS THROUGHOUT THE COMMUNITY, WHICH COVERS BASIC CHECK WRITING SKILLS, BUDGETING, SAVING, CREDIT REPORTS, AND HOW TO BORROW MONEY RESPONSIBLY. THE CREDIT UNIONS YOUTH FINANCIAL SEMINARS HAVE GAINED NATIONAL INDUSTRY RECOGNITION. STARTING AUGUST OF 2012, THE CREDIT UNION ALSO OFFERS A NEW CREDIT SCORE ANALYSIS PROGRAM. THE GOAL OF THIS PROGRAM IS TO REVIEW OUR MEMBERS CREDIT REPORT AND FIND WAYS TO SAVE MONEY FOR OUR MEMBERS AND ALSO TO IMPROVE THEIR SCORE. THIS PROGRAM HAS BEEN A GREAT ADDITION TO OUR CURRENT SERVICES.
Form 990, Part VI, Section A, Line 6	THE CREDIT UNIONS MEMBERS HAVE THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNIONS MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATIONS PROFITS IN THE FORM OF CASH DIVIDENDS.
Form 990, Part VI, Section A, Line 7A	MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODYS 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 B, Line 11	FAA CU PROVIDES THEIR FINANCIAL INFORMATION TO OCM AND RELIES ON THEIR EXPERTISE TO COMPLETE FORM 990. UPON OCMS COMPLETION OF FORM 990, FAA CU REVIEWS THE RETURN FOR ACCURACY PRIOR TO FILING THE RETURN. A COPY OF THE FORM 990 WILL BE PROVIDED TO THE MEMBERS OF THE BOARD UPON REQUEST.
Form 990, Part VI, Section B, Line 15	FAA CU USES THE COMPEASE STRUCTURED SYSTEM THROUGH HRN. EACH POSITION HAS A PAY RANGE WITH LOW, MEDIAN, AND HIGH POSITIONS WITHIN THE RANGE. THE RANGES ARE ADJUSTED BY HRN BASED ON LABOR MARKET SPECIFIC PAY DATA FROM OUR REGION.
Form 990, Part VI, Section C, Line 19	FINANCIAL STATEMENTS ARE PUBLISHED QUARTERLY IN THE CALL REPORT. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE MADE AVAILABLE TO OUR MEMBERSHIP UPON REQUEST, HOWEVER, COPIES ARE NOT TO BE MADE.
Form 990, Part VI, Section B, Line 12C	FAA CU REQUIRES ALL EMPLOYEES TO SIGN A CODE OF ETHICAL CONDUCT ANNUALLY AND ANY POTENTIAL VIOLATIONS ARE PURSUED BY INTERNAL AUDITS AND MANAGEMENT.
Form 990, Part VI, Section A, Line 7B	MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODYS 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.

Schedule R IRS990ScheduleR

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	FIRST RATE AUTO LLC	BusinessNameLine1

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 26090	AddressLine1
City	OKLAHOMA CITY	City
State	OK	State
ZIP Code	73126	ZIPCode

Field	Value	IRS element (for citing)
EIN	271009000	EIN
Primary Activities	SELLING REPO AUTO LOANS	PrimaryActivitiesTxt
Legal Domicile State	OK	LegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	NA	BusinessNameLine1

Field	Value	IRS element (for citing)
Predominant Income Type	Related	PredominantIncomeTypeTxt
Share Of Total Income	$94,771	ShareOfTotalIncomeAmt
Share Of EOY Assets	$43,766	ShareOfEOYAssetsAmt
Disproportionate Allocations	false	DisproportionateAllocationsInd
General Or Managing Partner	false	GeneralOrManagingPartnerInd
Ownership	0.33330	OwnershipPct

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	false	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	false	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	false	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	false	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	false	DivRelatedOrganizationInd
Asset Sale To Other Org	false	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	false	AssetPurchaseFromOtherOrgInd
Asset Exchange	false	AssetExchangeInd
Rental Of Facilities To Oth Org	false	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	false	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	false	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	false	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	false	SharingOfFacilitiesInd
Paid Employees Sharing	false	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	false	TransferToOtherOrgInd
Transfer From Other Org	false	TransferFromOtherOrgInd