2016-11-15T12:09:25-06:00 2015-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2015-01-01 730731221 OKLAHOMA CENTRAL CREDIT UNION OKLA 9186646000 4956 S PEORIA AVE TULSA OK 74105 DARRIN BELL CFO 9186646000 2016-11-11 1 GERALD B KISSELL P00092658 6123324300 2015 2017-02-10 21:41:12Z GINA WILSON 4956 S PEORIA AVE TULSA OK 74105 94237070 0 X WWW.OCCU.ORG X 1941 OK OKLAHOMA CENTRAL CREDIT UNION IS A 501(C)(14), STATE CHARTERED CREDIT UNION. OKLAHOMA CENTRAL CREDIT UNION PROVIDES CONSUMER AND BUSINESS FINANCIAL SERVICES TO INCLUDE DEPOSIT ACCOUNTS, INVESTMENTS, AND LOANS. OUR MISSION IS TO MAKE A DIFFERENCE IN THE LIVES OF OUR EMPLOYEES, MEMBERS, AND THE COMMUNITIES WE SERVE. 7 7 170 9 157048 -18976 0 0 14268632 16600376 4688202 4279649 1992173 41941 20949007 20921966 2800 20000 1691911 1657473 7306084 7561410 0 0 0 9407303 9495163 18408098 18734046 2540909 2187920 493391510 511786434 428892397 445676725 64499113 66109709 X OKLAHOMA CENTRAL CREDIT UNION IS A 501(C)(14), STATE CHARTERED CREDIT UNION. OKLAHOMA CENTRAL CREDIT UNION PROVIDES CONSUMER AND BUSINESS FINANCIAL SERVICES TO INCLUDE DEPOSIT ACCOUNTS, INVESTMENTS, AND LOANS. OUR MISSION IS TO MAKE A DIFFERENCE IN THE LIVES OF OUR EMPLOYEES, MEMBERS, AND THE COMMUNITIES WE SERVE. 0 0 PROMOTE SAVINGS AND PROVIDE FINANCIAL SERVICES TO MEMBER/OWNERS - OVERALL DEPOSIT BALANCES GREW IN 2015 BY $16.5M OR 3.9% OVER THE PREVIOUS YEAR. SAVINGS CATEGORY CHANGES DURING THE YEAR WERE: SAVINGS AT $8.0M (6.0%); CHECKING AT $6.7M (8.5%); RETIREMENT SAVINGS AT $-839K (-1.4%); MMAS AT $675K (0.6%); AND CERTIFICATES OF DEPOSIT AT $1.9M (4.4%). THIS REPRESENTS A TOTAL OF 59,872 ACCOUNTS FROM A MEMBERSHIP TOTAL OF 36,602 OR 1.6 SAVINGS SERVICES PER MEMBER WITH AN AVERAGE SAVINGS OF $12,102 PER MEMBER. A NO MONTHLY SERVICE CHARGE CONSUMER CHECKING ACCOUNT CONTINUED TO BE POPULAR AND GENERATED 1,747 NEW ACCOUNTS. OUR LOW-FEE COMMERCIAL CHECKING ACCOUNT CREATED 48 NEW CHECKING ACCOUNTS. THE CREDIT UNION CONTINUED INVOLVEMENT IN THE SHARED BRANCHING NETWORK AND OFFERS 5 CONVENIENT LOCATIONS TO OUR MEMBERSHIP. WE CONTINUE TO PARTNER WITH LOCAL HIGH SCHOOLS TO OFFER CUSTOMIZED CHECK CARDS WITH A PORTION OF THE INTERCHANGE FEE BEING RETURNED BACK TO THE SCHOOL. A TOTAL OF $8,305 WAS GIVEN BACK TO SIX LOCAL SCHOOLS DURING THE YEAR. OUR LUNCH MONEY PROGRAM PROVIDES EMPLOYEES OF OUR SEGS WITH VALUABLE INFORMATION DESIGNED TO INCREASE THEIR FINANCIAL KNOWLEDGE. THESE PROGRAMS ARE OFFERED TO SEVERAL OF OUR SEG GROUPS AND CONTINUE TO BE A POPULAR SESSIONS. A FINANCIAL LITERACY PROGRAM OFFERED SEMINARS TO MEMBERS COVERING A WIDE ARRAY OF TOPICS DESIGNED TO HELP MEMBERS BETTER MANAGE THEIR PERSONAL FINANCES. TURBOTAX PRODUCTS ARE OFFERED AT A DISCOUNTED RATE TO OUR MEMBERSHIP ALONG WITH OUR FREE BILL PAYMENT SYSTEM AND FINANCEWORKS, A FREE MONEY MANAGEMENT TOOL. PROVIDE ENHANCED ACCESS TO CREDIT AT REASONABLE RATES - THE CREDIT UNION USES A PRUDENT LENDING PHILOSOPHY TO OFFER VARIOUS LOAN PRODUCTS AT A LOW COST FOR MEMBERS TO FINANCE THEIR HOMES, AUTOMOBILES, BOATS, COLLEGE EXPENSES, ETC. DURING 2015, THE CREDIT UNION APPROVED 7,904 LOAN REQUESTS FOR OVER $131.8M. A TOTAL OF 269 REAL ESTATE LOANS WERE APPROVED WITH A DOLLAR AMOUNT OF $23.8M. WE CONTINUED TO OFFER FHA REAL ESTATE LOANS AND MADE A TOTAL OF 18 FOR $2.3M. IN THE MEMBER BUSINESS ARENA, WE APPROVED 20 COMMERCIAL LOAN REQUESTS TOTALING $5.3M FOR MEMBERS. THE CREDIT UNION IS IN ITS EIGHTH YEAR OF COMMERCIAL LENDING - A DIRECT RESPONSE TO OUR SMALL BUSINESS OWNERS' REQUESTS FOR FINANCIAL SERVICES. PRODUCT OFFERINGS ALSO INCLUDED SHORTER TERM (7-YEAR) MORTGAGE LOANS AT LOWER RATES. THE CREDIT UNION CONTINUES OFFERING HOME PROTECTION LOANS (STORM SHELTERS, GENERATORS, ETC.) AT A VERY LOW INTEREST RATE IN ORDER TO HELP MEMBERS AFFORD THE COSTLY EXPENSE OF ADDING A FORTIFIED STORM SHELTER AND BACKUP POWER GENERATION TO THEIR RESIDENCE. COMMUNITY INVOLVEMENT: OKLAHOMA CENTRAL CREDIT UNION CONTINUES TO SUPPORT AND BE ACTIVE IN THE COMMUNITIES WE SERVE. IN FEBRUARY OF 2015, OKLAHOMA CENTRAL SPONSORED THE PHONE BANK AT THE K95.5 ST. JUDE RADIOTHON. IN APRIL, OKLAHOMA CENTRAL CELEBRATED CREDIT UNION YOUTH MONTH BY GETTING WILD ABOUT SAVINGS. THE BRANCHES WERE DECORATED WITH WILD ANIMALS AND A $250 EDUCATIONAL SAVINGS ACCOUNT WAS GIVEN AWAY. ALSO IN APRIL, OKLAHOMA CENTRAL HELD THE ANNUAL CHARITY CONCERT AND RAISED OVER $20,000 FOR THE OKLAHOMA CENTRAL FOUNDATION. THIS MONEY WAS USED TO FUND THE SCHOLARSHIP PROGRAM AND FINANCIAL LITERACY PROGRAMS. IN OCTOBER, OKLAHOMA CENTRAL SERVED AS HOST TO THE TULSA STOP OF THE FIRST CU RIDE. EMPLOYEES, MEMBERS, FRIENDS, AND FAMILY OF CREDIT UNIONS FROM AROUND THE AREA JOINED TOGETHER TO RIDE TO AND DELIVER STUFFED DOGS TO THE CHILDREN'S HOSPITAL AT ST. FRANCIS. ALSO IN OCTOBER, OKLAHOMA CENTRAL ONCE AGAIN PARTICIPATED IN TULSA'S BOO HA HA PARADE. OCCU SPONSORED A FLOAT AND BOOTH TO ANSWER QUESTIONS REGARDING OUR PRODUCTS AND SERVICES AND HOW WE CAN BE OF SERVICE TO OUR COMMUNITY. IN NOVEMBER, OKLAHOMA CENTRAL SPONSORED THE JUNIOR ACHIEVEMENT INVESTOR CHALLENGE. SEVERAL STAFF MEMBERS ALSO VOLUNTEERED AT THE EVENT. FROM SEPTEMBER THROUGH NOVEMBER, OKLAHOMA CENTRAL SPONSORED TAILGATE ALLEY IN SUPPORT OF THE UNIVERSITY OF TULSA ATHLETIC DEPARTMENT. OKLAHOMA CENTRAL FINISHED OUT THE YEAR BY COLLECTING COATS FOR THE YOUNG CHILDREN OF BRIAL GLEN ELEMENTARY. DURING 2015, THE CREDIT UNION ONCE AGAIN ALLOWED STAFF 40 PAID HOURS OF COMMUNITY SERVICE TO GIVE BACK TO THE COMMUNITY. TO NAME A COUPLE OF BENEFICIARIES OF OUR 40 PAID HOURS OF COMMUNITY SERVICE ARE THE SPECIAL OLYMPICS OF OKLAHOMA AND THE BIXBY PUBLIC SCHOOL DISTRICT. OKLAHOMA CENTRAL MADE FINANCIAL DONATIONS TO A NUMBER OF ORGANIZATIONS SUCH AS DVIS, FAMILY & CHILDREN'S SERVICES, JOHN 3:16 MISSION, ARTHRITIS FOUNDTION, TULSA CITY COUNTY LIBRARY, UNITED WAY, TYPROS AND LOCAL SCHOOLS JUST TO NAME A FEW. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 10912 0 1 170 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 OK X DARRIN D BELL 9186646000 4956 S PEORIA AVE TULSA OK 74105 BROOKE HAMILTON CHAIR 1.00 X X 0 0 0 JERRY HENDERSON VICE CHAIR 1.00 X X 0 0 0 GORDON SPROUSE SECRETARY/TREASURER 1.00 X X 0 0 0 PENNY COLANTONIO DIRECTOR 1.00 X 0 0 0 TOM HILLE DIRECTOR 1.00 X 0 0 0 ANNE DORMAN DIRECTOR 1.00 X 0 0 0 ANDY MURPHREE DIRECTOR 1.00 X 0 0 0 GINA WILSON CEO 40.00 X 306414 0 451039 DARRIN BELL CFO 40.00 X 105614 0 23456 SHELLI SCHROEDER COO 40.00 X 117258 0 24271 BRAD SCHEIDT CSO 40.00 X 134199 0 11243 LEILANI HARPOLE CAO 40.00 X 123782 0 25181 787267 0 535190 5 0 1 0 XP SYSTEMS 75 REMITTANCE DR SUITE 6963 CHICAGO IL 60675 COMPUTER 860837 THOMPSON CONSTRUCTION INC 8141 E 74TH PLACE TULSA OK 74133 CONSTRUCTION 677049 DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 90051 STATEMENTS/HOME BANKING 635851 TRANSFUND PO BOX 2300 TULSA OK 74192 ATM PROCESSING 612975 PRAETORIA GROUP LLC 115 W 3RD SUITE 401 TULSA OK 74103 SECURITY 373464 17 INTEREST INCOME ON LOANS TO MEMBE 522100 11611160 11611160 SERVICE CHARGES AND OTHER FEES 522100 2947805 2790757 157048 INTERCHANGE & OTHER MISC INCOME 522100 1937200 1937200 MISC. FEE INCOME 522100 104211 104211 16600376 3734653 3734653 41941 0 41941 41941 41941 73846350 13750 73310431 4673 535919 9077 544996 544996 20921966 16443328 157048 4321590 20000 1657473 891534 5311266 162309 764589 431712 53255 158430 347872 489992 2864411 1710153 1217208 89301 113 1253491 125074 PROVISION FOR LOAN LOSS 775150 LOAN SERVICING COSTS 325609 STATE INCOME TAX 85104 18734046 26177481 24439155 1485725 1666513 217486607 242502728 29861170 11807375 18106513 18053795 218519168 212658990 11616016 12465253 493391510 511786434 2430575 2711386 351312 360345 426110510 442604994 428892397 445676725 X 0 0 0 0 64499113 66109709 64499113 66109709 493391510 511786434 2187920 -577324 0 X 0 1 X 1 0 0 1 X 7163885 7163885 12585775 5163230 7422545 1542395 179908 1362487 8566615 6464237 2102378 2500 2500 18053795 AVAILABLE FOR SALE INVESTMENTS 211198393 F OTHER INVESTMENTS 1460597 F 212658990 MEMBERS' SHARES 442604994 442604994 X 20921966 0 20921966 0 20921966 18734046 0 18734046 0 18734046 PART IV, LINE 2B: ESCROW ACCOUNTS ARE MAINTAINED BY THE CREDIT UNION FOR THE BENEFIT OF PAYING TAXES AND/OR INSURANCE ON BEHALF OF MORTGAGE HOLDERS. PART X, LINE 2: THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2015 AND 2014. 1 OKLAHOMA CENTRAL FOUNDATION INC 11335 E 41ST STREET TULSA OK 74146 452804883 501(C)(3) 20000 FOUNDATION SUPPORT 1 X X X X 0 1 0 GINA WILSON CEO 260531 0 45605 0 278 0 427930 0 26835 0 761179 0 0 0 LEILANI HARPOLE CAO 104773 0 18739 0 270 0 5115 0 21805 0 150702 0 0 0 PART I, LINE 4B GINA WILSON, CEO, PARTICIPATED IN A NON-QUALIFIED 457(F) RETIREMENT PLAN. THERE WERE NO DISTRIBUTIONS DURING 2015. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S 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 THE CFO REVIEWS FORM 990 AND DISCUSSES IT WITH THE CEO. A REPORT IS THEN PRESENTED TO THE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL EMPLOYEES, BOD AND VOLUNTEERS SIGN CONFLICT OF INTEREST POLICY; INTERNAL AUDITS ARE PERFORMED ON EMPLOYEE ACCOUNTS AND THE HR AREA; EMPLOYEE ACCOUNTS ARE REVIEWED MONTHLY VIA HR AND THE CEO; ANNUALLY EMPLOYEES MUST DISCLOSE ACCOUNTS THAT THEY ARE PRIMARY OR JOINT ON AND ANY ACCOUNTS OF IMMEDIATE FAMILY MEMBERS; AN OFFICIAL FAMILY REPORT IS PRESENTED TO THE BOD MONTHLY ON LOAN STATUS. FORM 990, PART VI, SECTION B, LINE 15 A THIRD PARTY COMPENSATION CONSULTANT SERVICES IS USED. SOFTWARE IS PROVIDED TO ADMINISTER AND MAINTAIN COMPENSATION LEVELS OF ALL STAFF. COMPENSATION IS BASED ON JOB EVALUATIONS AND GRADE LEVELS. GRADE LEVELS DICTATE WHETHER RANGE IS AT THE NATIONAL, REGIONAL OR LOCAL LEVELS. OVERALL GRADE LEVEL SYSTEM TESTING IS DONE PERIODICALLY AND FOR SPECIFIC OCCURRENCES WITH AN OUTSIDE CONSULTANT WHEN NEW POSITIONS ARE ADDED OR AT THE REQUEST OF THE CREDIT UNION. A COMPENSATION SALARY SURVEY COMPILED BY NATIONAL ASSOCIATION IS PROVIDED TO THE BOD. THE BOD USES SURVEY AND GRADE LEVEL INFORMATION TO EVALUATE CEO. BOD MEETS INDEPENDENTLY OF REGULAR MEETING FOR COMPENSATION DISCUSSION ANNUALLY OF CEO. FORM 990, PART VI, SECTION C, LINE 19 STATEMENT OF FINANCIAL CONDITION IS POSTED MONTHLY IN ALL BRANCH LOCATIONS AND KEY STATISTICS ARE POSTED ON OUR WEBSITE, WWW.OCCU.ORG. ALL INFORMATION CAN ALSO BE VIEWED ON OUR QUARTERLY CALL REPORT THROUGH THE NCUA.GOV WEBSITE. AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. ANNUAL REPORTS ARE GIVEN TO MEMBERSHIP UPON REQUEST. ANY PUBLIC REQUESTED DOCUMENTS ARE MADE AVAILABLE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART I, LINE 6 OKLAHOMA CENTRAL CREDIT UNION HAS 7 DIRECTORS AND 2 SUPERVISORY COMMITTEE MEMBERS, ALL OF WHOM ARE VOLUNTEERS. REAL ESTATE FINANCIAL SERVICES LLC 4956 S PEORIA AVE TULSA OK 74105 446013230 INACTIVE REAL ESTATE COMPANY OK 0 0 OKLAHOMA CENTRAL CREDIT UNION OKLAHOMA CENTRAL FOUNDATION INC 11335 E 41ST STREET TULSA OK 74146 452804883 FOUNDATION OK 501(C)(3) LINE 7 N/A 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OKLAHOMA CENTRAL FOUNDATION INC B 20000 ACTUAL AMOUNT