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)

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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 tax deductible.


Heare 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)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nico Gomez (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Griffin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Jones (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Parsons (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Rachel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randle White (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard E Foreman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Bowers (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.okcu.org

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

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.

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Impact




October, 2024

Oklahoma's Credit Union significantly impacts its members by empowering them to achieve their financial goals. By offering competitive savings and loan products and services, the credit union enables Oklahomans to optimize their financial resources and make informed decisions. This support helps individuals and families manage their finances more effectively, ultimately fostering economic growth within the community. Through its dedication to providing accessible financial solutions, Oklahoma's Credit Union plays a vital role in enhancing the financial well-being of its members and contributing to the overall public benefit in Oklahoma City and beyond.




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.


Financials

This financial information is from Propublica.

Revenue
$35,089,977 (2022)
Expenses
$28,143,704 (2022)
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

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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

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