Oklahoma Educators Credit Union

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

EIN: 730742019 ✦ Oklahoma city, OK ✦ Designated as a 501(c)(14)

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Overview

What is Oklahoma Educators Credit Union?

Oklahoma Educators Credit Union is a state-chartered financial institution located in Oklahoma City, Oklahoma. With a team of 208 employees, they specialize in offering financial services to educators, students, and their families. Their mission is to provide essential financial solutions, catering specifically to the educational community.


Official website here: www.oecu.com

Is Oklahoma Educators Credit Union legitimate?

Oklahoma Educators Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Oklahoma Educators 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,033,354
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,114,814

For more financial information, click here


Official website here: www.oecu.com

What is the mission statement of Oklahoma Educators Credit Union?

The Oklahoma Educators Credit Union is dedicated to offering financial services to a community of educators, students, and their families. Its mission lies in providing essential financial solutions to this particular group. As a state-chartered credit union, the organization caters specifically to the educational sector, ensuring that its members have access to a range of financial products and services tailored to their unique needs. By doing so, it creates a strong bond within the educational community and offers financial security and stability to its members. The credit union's focus on serving educators, students, and their families sets it apart and strengthens the educational network as a whole.


Official website here: www.oecu.com

Who is the CEO of Oklahoma Educators Credit Union?

Cindy White is the Board Member of Oklahoma Educators Credit Union. The CEO's salary of Oklahoma Educators Credit Union is $412,686 and their total compensation is $470,470.


Official website here: www.oecu.com

What is the revenue of Oklahoma Educators Credit Union?

Oklahoma Educators Credit Union's revenue in 2022 was $17,834,253.


Official website here: www.oecu.com

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

The average compensation at Oklahoma Educators Credit Union during 2022 was $24,751. There are 208 employees and 12 volunteers at Oklahoma Educators Credit Union.


Here are 10 key members and their salaries (Oklahoma Educators Credit Union's CEO's salary is $412,686 and their total compensation is $470,470):


Renee Axtell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chester Weems (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Allen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Harrod (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Dawkins (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Dewitt (Board Member - Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Ossenkop (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindy White (President / Ceo)
  • Compensation: $412,686
  • Related: $0
  • Other: $57,784
Trent Vaughn (Senior Vice President)
  • Compensation: $333,014
  • Related: $0
  • Other: $34,460
Bob Herzig (Vice President Of Finance)
  • Compensation: $197,887
  • Related: $0
  • Other: $40,858


Official website here: www.oecu.com

Where can I find the form 990 for Oklahoma Educators Credit Union?

Oklahoma Educators Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.oecu.com

Learn more at the official website: www.oecu.com

Mission Statement of Oklahoma Educators Credit Union

Oklahoma Educators Credit Union, a state-chartered financial institution, dedicates its mission to serving the financial needs of educators, students, and their families. By offering a range of financial services, the credit union aims to support this specific community.

The Oklahoma Educators Credit Union is more than just a financial institution. It is a vital resource for the educational community, providing essential financial services tailored to its unique members. The credit union's dedication to this mission is reflected in its name, where it proudly serves educators, students, and their families.

The credit union's commitment to its members goes beyond basic financial offerings. It strives to create a robust and inclusive financial ecosystem that caters to the varied financial needs of its diverse membership base. In doing so, it fosters financial stability and security for the educators, students, and their families it serves.

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Impact




October, 2024

Oklahoma Educators Credit Union plays a vital role in supporting school employees, students, and their families in Oklahoma. By offering tailored financial services, the credit union ensures that educators have access to essential banking solutions that cater to their unique needs. This includes services like low-interest loans, savings accounts, and financial education resources, fostering financial stability within the educational community.

Located in Oklahoma City, the credit union's mission centers on empowering educators and their families, helping them achieve their financial goals. By prioritizing the needs of its members, Oklahoma Educators Credit Union strengthens the broader educational ecosystem, enabling school personnel to focus on their essential roles in shaping the future of students. Overall, the credit union's commitment to providing accessible financial assistance significantly enhances the quality of life for its members and contributes positively to the local community.




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


Financials

This financial information is from Propublica.

Revenue
$17,834,253 (2022)
Expenses
$14,832,015 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $996,034
  • Program Service Revenue: $16,829,346
  • Gross Receipts: $17,849,938

Assets and Liabilities:

  • Total Assets: $253,800,311
  • Total Liabilities: $233,088,542
  • Net Assets: $20,711,769

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Programs

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

LOAN INTEREST

Revenue

$12,931,390

FEES AND SERVICE CHARGES

Revenue

$3,801,180

OTHER INCOME

Revenue

$96,776

Organization Details

Founding Year

1960

Principal Officer

Cindy White

Main Address

4001 NW EXPRESSWAY, OKLAHOMA CITY, OK, 73116

NTEE Category

Code: W60 - Public benefit

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