Oklahomas Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 736093655 ✦ Oklahoma city, OK ✦ Designated as a 501(c)(14)

Overview

What is Oklahomas Credit Union?

Oklahomas Credit Union, a nonprofit organization based in Oklahoma City, Oklahoma, aims to help its members maximize their financial potential. With a team of 225 dedicated employees, they offer competitive savings and loan products and services. Their mission is to empower Oklahomans by enabling them to do more with their money. The organization's headquarters can be found at 3001 N Lincoln, and they serve the community with dedication.


Official website here: www.okcu.org

Is Oklahomas Credit Union legitimate?

Oklahomas Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Oklahomas Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $943,953
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,389,015

For more financial information, click here


Official website here: www.okcu.org

What is the mission statement of Oklahomas Credit Union?

Oklahomas Credit Union is dedicated to assisting its members in maximizing their financial potential. Through offering competitive savings and loan products and services, the organization enables its members to make the most of their money. The mission of Oklahomas Credit Union is geared towards empowering its members to accomplish their financial goals. By providing a range of financial solutions, the credit union aims to help individuals manage their money more effectively and make informed financial decisions. With a focus on member satisfaction, Oklahomas Credit Union strives to create a positive impact on the financial lives of its members.


Official website here: www.okcu.org

Who is the CEO of Oklahomas Credit Union?

Luann Schmiedel is the President/Ceo of Oklahomas Credit Union. The CEO's salary of Oklahomas Credit Union is $405,188 and their total compensation is $810,376.


Official website here: www.okcu.org

What is the revenue of Oklahomas Credit Union?

Oklahomas Credit Union's revenue in 2022 was $35,089,977.


Official website here: www.okcu.org

Who are the executives of Oklahomas Credit Union and what are their salaries?

The average compensation at Oklahomas Credit Union during 2022 was $41,480. There are 225 employees at Oklahomas Credit Union.

Here are 17 key members and their salaries (Oklahomas Credit Union's CEO's salary is $405,188 and their total compensation is $810,376):

    Luann Schmiedel (President/Ceo)
  • Compensation: $405,188
  • Related: $0
  • Other: $405,188

    • Philip Sherwin (Chief Strategy Officer)
  • Compensation: $249,476
  • Related: $0
  • Other: $249,476

    • Ronda Bailey (Chief Lending Officer)
  • Compensation: $215,000
  • Related: $0
  • Other: $215,000

    • Shane Richins (Chief Financial Officer)
  • Compensation: $198,167
  • Related: $0
  • Other: $198,167

    • Jennifer Lown (Chief Experience Officer)
  • Compensation: $182,000
  • Related: $0
  • Other: $182,000

    • Sherlyn Smith (Chief Operations Officer)
  • Compensation: $178,000
  • Related: $0
  • Other: $178,000

    • Tricia Jones (Vp Of Marketing & Digial)
  • Compensation: $120,013
  • Related: $0
  • Other: $120,013

    • Rob Moody (Software Developer)
  • Compensation: $119,567
  • Related: $0
  • Other: $119,567

    • Mike Patterson (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nico Gomez (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Todd Griffin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Justin Jones (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Parsons (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Rachel (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Randle White (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard E Foreman (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julie Bowers (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.okcu.org

    Where can I find the form 990 for Oklahomas Credit Union?

    The Oklahomas Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.okcu.org

    Learn more at the official website: www.okcu.org

    Mission Statement of Oklahomas Credit Union

    Oklahomas Credit Union, with its mission at heart, aims to empower its members by offering them competitive savings and loan products and services. This non-profit organization is committed to helping Oklahomans maximize their financial potential. By providing members with these financial tools, they can do more with their money and ultimately enhance their financial well-being.

    In simple terms, Oklahomas Credit Union is dedicated to assisting its members in making the most of their hard-earned savings and manage their debts effectively. Through its range of savings and loan offerings, the credit union strives to make a significant difference in the lives of its members. The organization's mission is not just about numbers; it's about enabling individuals to achieve their financial goals and secure a better future for themselves and their families.

    Oklahomas Credit Union's member-centric approach sets it apart from other financial institutions. By offering competitive savings and loan products, the credit union fosters financial stability and growth among its members. The organization's ultimate goal is to help Oklahomans make informed financial decisions and lead financially responsible lives. In doing so, it not only adds value to its members' lives but also strengthens the community as a whole.

    Impact

    This information is meant to be a general summary of Oklahomas Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Oklahoma's Credit Union impacts the community by helping Oklahomans do more with their money. Through providing competitive savings and loan products and services to its members, the credit union plays a significant role in empowering individuals to manage their finances effectively. By continuing to serve as a financial resource in Oklahoma City, Oklahoma, Oklahoma's Credit Union contributes to the financial well-being of its members and the overall economic stability of the region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,054,834
  • Program Service Revenue: $32,028,124
  • Gross Receipts: $48,007,492

    • Assets and Liabilities:
  • Total Assets: $780,486,193
  • Total Liabilities: $706,639,851
  • Net Assets: $73,846,342
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Interest on loans to members

    Revenue

    $23,695,945

    Fee income on services provided to members

    Revenue

    $8,332,179

    Organization Details

    Founding Year

    1954

    Principal Officer

    Luann Schmiedel

    Main Address

    3001 N Lincoln, Oklahoma City, OK, 73105

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Oklahomas Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.