2012-11-10T12:36:28-00:00 2011-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2011-01-01 730564572 FAA CREDIT UNION FAAC 4056821990 PO BOX 26406 OKLAHOMA CITY OK 73126 NATALIA VALENZUELA 2012-11-10 true DOUGLAS ORTH 3052328272 2012-11-10 2011 2016-02-24 21:20:13Z STEVE RASMUSSEN PO BOX 26406 OKLAHOMA CITY OK 73126 66109239 false 2407 X WWW.FAAECU.ORG X CREDIT UNION 1946 OK LOANS, DEPOSITS, AND OTHER FINANCIAL SERVICES FOR THE BENEFIT OF THE MEMBERS OF THE CREDIT UNION. 8 8 196 12 257581 20214 0 23497354 18296338 3874905 4486643 4139355 27372259 26922336 0 0 7928295 7949612 0 0 16890842 18733887 24819137 26683499 2553122 238837 472108814 511357728 433681993 472563108 38426821 38794620 X LOANS, DEPOSITS, AND OTHER FINANCIAL SERVICES FOR THE BENEFIT OF THE MEMBERS OF THE CREDIT UNION. false true FAA CREDIT UNION HAS 46,498 ACTIVE MEMBERS. MEMBERS ENJOY A WIDE VARIETY OF SAVING OPTIONS THAT BEST SUITS 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 2011 FAA CREDIT UNION HAS 5,788 SHARE CERTIFICATES WITH BALANCES OF 142,941,612 AND 1,395 IRA SHARE CERTIFICATES WITH BALANCES OF 29,621,765. THE CREDIT UNION MAY ALSO OFFER WEEKLY SPECIAL RATES THAT APPEAL TO OUR MEMBERSHIP THAT ONLY REQUIRE A 500 OR 1,000 MINIMUM INVESTMENT. false false true false false false true false true false false false true false false true false false false false false false false false false false false true false false false false false false false false false false true false false false false true 11423 0 true 196 true true true false false false false false X 8 8 false false false false true true false true true false false true true true true false true true true false X NATALIA VALENZUELA 4056821990 10201 S WESTERN AVENUE OKLAHOMA CITY OK 73139 X JUDY RICKEY 001.00 X 0 0 0 TERRY DAVIDSON 001.00 X 0 0 0 JESSIE MCMULLEN 001.00 X 0 0 0 LINDA LINDSEY 001.00 X 0 0 0 RAY BRADFORD 001.00 X 0 0 0 VIRGINIA HICKS 001.00 X 0 0 0 PHYLLIS HOWARD 001.00 X 0 0 0 TANYA CHILDRESS 001.00 X 0 0 0 STEVE RASMUSSEN 040.00 X 356845 0 123919 NATALIA VALENZUELA 040.00 X 94380 0 19308 VIC THATE 040.00 X 174705 0 13369 JEF FIALKOWSKI 040.00 X 127026 0 21423 GLEN FIELDS 040.00 X 123345 0 10459 GLENDA BEESON 040.00 X 165259 0 15777 RANDALL SMITH 040.00 X 101757 0 19329 JULIE GAMBLIN 040.00 X 110709 0 20344 1254026 243928 8 false true false CUNA MUTUAL GROUP 5910 MINERAL POINT ROAD MADISON WI 53701 INSURANCE AND OTHER ADMIN SVC 322203 AT&T CORPORATION PO BOX 660688 DALLAS TX 75266 TELECOMMUNICATIONS 305533 HARLAND FINANCIAL SOLUTIONS 400 SW 6TH AVENUE STE 200 PORTLAND OR 97204 SYSTEM/DATA PROCESSING/MAINTENANCE SVC. 219224 WORKFLOWONE 9603 DEERECO RD STE 200 TIMONIUM MD 21093 PRINTING/MAILING PROCESSOR 225406 HEIT INC 1717 W 6TH STREET AUSTIN TX 78703 INFORMATION TECHNOLOGY 138838 6 INCOME ON LOANS 522100 16395700 16395700 FEES/CHARGES/OTHER 522100 1643057 1643057 UNRELATED BUSINESS INCOME 900099 257581 257581 18296338 4017112 4017112 39082613 573821 38454922 731981 627691 -158160 469531 469531 OTHER OPERATING INCOME 522100 4139355 4139355 4139355 26922336 26664755 257581 0 0 0 0 782526 782526 0 5201132 5201132 237431 237431 1244991 1244991 483532 483532 69366 69366 25697 25697 90868 90868 0 0 1406073 1406073 491348 491348 1217287 1217287 0 0 457780 457780 0 0 144728 144728 5858154 5858154 0 979952 979952 179665 179665 SEE ATTACHED SCHEDULE 7812969 7812969 0 26683499 26683499 723385 661562 26622146 37712841 2607010 2617087 297748602 270390104 553170 603358 20485977 9322677 11950257 11163300 120668457 178695485 853300 1546200 10382487 7967791 472108814 511357728 3473936 2975488 1140819 1346774 429067238 468240846 433681993 472563108 X 38426821 38794620 38426821 38794620 472108814 511357728 X 238837 128962 X false true true X false 1250 1250 1250 true OKLAHOMA CREDIT UNION POLITICAL ACTION COMMITTEE PO BOX 702297 TULSA OK 74170 731281199 1250 false true 3381813 3381813 9819513 2922917 6896596 738543 508370 230173 6546108 5891390 654718 11163300 REGULAR SHARES 86128667 SHARE DRAFT 105824092 CERTIFICATE OF DEPOSIT 142941612 MONEY MARKET 78895532 IRA CERTIFICATES 29621765 IRA SHARES 16314433 SUB SHARE ACCOUNTS 6428475 BUSINESS SHARES 2039266 OTHER SHARES 47004 468240846 26922336 26683499 238837 128962 128962 367799 26922336 26922336 26922336 26683499 26683499 26683499 X 2 NO FIN 48 DISCLOSURE. IV 2b ESCROWS ARE HELD ON BEHALF OF MEMBERS WHOSE MORTGAGE LOANS ARE HELD BY FAA CREDIT UNION. THE ESCROW ACCOUNT IS A LIABILITY OF THE CREDIT UNION. X X true true X X X X X true true false STEVE RASMUSSEN 217988 375 138482 112695 11224 480764 VIC THATE 148428 11030 15247 7640 5729 188074 GLENDA BEESON 91104 11916 62239 4651 11126 181036 I 4a GLENDA BEESON 16,768 AND RANDALL SMITH 14,167 I 4b STEVE RASMUSSEN 101,699 Form 990 Part VI 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 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 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. Form 990 Part VII 15 FAA CU USES THE COMPEASE STRUCTURED SYSTEM THROUGH KOKER, GOODWIN, AND ASSOCIATES. EACH POSITION HAS A PAY RANGE WITH LOW, MEDIAN, AND HIGH POSITIONS WITHIN THE RANGE. THE RANGES ARE ADJUSTED BY KOKER, GOODWIN AND ASSOCIATES BASED ON LABOR MARKET SPECIFIC PAY DATA FROM OUR REGION. Form 990 Part VI 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 XI 5 UNREALIZED GAIN ON SECURITIES AVAILABLE-FOR-SALE. Form 990 Part VI 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 III 3 FAACU DISCONTINUED THE BUSINESS LENDING PROGRAM DUE TO HEIGHTENED REGULATORY AND COMPLIANCE MANDATES. Form 990 Part III Program Service Accomplishments Line 4d Other Activities 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. 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. 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. Form 990 Part VII Section B Line 15 FAA CU USES THE COMPEASE STRUCTURED SYSTEM THROUGH KOKER, GOODWIN, AND ASSOCIATES. EACH POSITION HAS A PAY RANGE WITH LOW, MEDIAN, AND HIGH POSITIONS WITHIN THE RANGE. THE RANGES ARE ADJUSTED BY KOKER, GOODWIN AND ASSOCIATES 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 XI Line 5 UNREALIZED GAIN ON SECURITIES AVAILABLE-FOR-SALE. 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 III Line 3 FAACU DISCONTINUED THE BUSINESS LENDING PROGRAM DUE TO HEIGHTENED REGULATORY AND COMPLIANCE MANDATES. UNITED FINANCIAL PARTNERS LLC 10201 S WESTERN AVENUE OKLAHOMA CITY OK 73139 020777676 BUSINESS LENDING OK -22129 186903 N/A