2013-08-13T13:51:44-05:00 2012-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2012-01-01 730731221 OKLAHOMA CENTRAL CREDIT UNION OKLA 9186646000 4956 S PEORIA AVE TULSA OK 74105 BRAD SCHEIDT 9186646000 2013-08-08 1 GERALD B KISSELL P00092658 6123324300 2012 2016-02-24 21:20:13Z GINA WILSON 4956 S PEORIA AVE TULSA OK 74105 113808598 0 X WWW.OCCU.ORG X 1941 OK OKLAHOMA CENTRAL CREDIT UNION IS A 501(C)(14) STATE CHARTERED CREDIT UNION. 7 7 176 12 371723 -25209 0 0 13940336 14310374 8403508 6898292 1930301 1876394 24274145 23085060 0 0 3670482 2927952 7002957 6861237 0 0 0 9288512 9229591 19961951 19018780 4312194 4066280 445999699 474907726 386398359 411494875 59601340 63412851 X OKLAHOMA CENTRAL CREDIT UNION (OCCU) PLEDGES TO BE THE BEST CONSUMER FINANCIAL ORGANIZATION IN THE STATE OF OKLAHOMA BY PROVIDING SUPERIOR PRODUCTS AND SERVICES TO THE MEMBER/OWNERS OF OCCU; BY PROVIDING SUPERIOR GROUP BENEFITS AND SERVICES TO SELECT EMPLOYEE GROUPS OF OCCU; AND BY PROVIDING A WORK ENVIRONMENT THAT ALLOWS EVERY EMPLOYEE AN OPPORTUNITY TO ACHIEVE THEIR FULL POTENTIAL THROUGH MUTUAL COMMITMENT, CONTRIBUTION, AND DEDICATION TO THEIR CAREER AT OCCU. 0 0 PROMOTE SAVINGS AND PROVIDE FINANCIAL SERVICES TO MEMBER/OWNERS - OVERALL SAVINGS BALANCES GREW IN 2012 BY $26.8M OR 7.0% OVER PREVIOUS YEAR. SAVINGS CATEGORIES CHANGES DURING THE YEAR WERE: SAVINGS AT $19.5M (19.8%); CHECKING AT $9.9M (17.4%); RETIREMENT SAVINGS AT $5.7M (14.2%); MMAS AT $14M (15.9%); AND CERTIFICATES OF DEPOSIT AT $22.2M (-22%). THIS REPRESENTS A TOTAL OF 58,755 ACCOUNTS FROM A MEMBERSHIP TOTAL OF 35,172 OR 1.7 SAVINGS SERVICES PER MEMBER WITH AN AVERAGE SAVINGS OF $11,655 PER MEMBER. A NO MONTHLY SERVICE CHARGE CONSUMER CHECKING ACCOUNT CONTINUED TO BE POPULAR AND GENERATED 2,224 NEW ACCOUNTS. OUR LOW-FEE COMMERCIAL CHECKING ACCOUNT CREATED 87 NEW CHECKING ACCOUNTS. THE CREDIT UNION EXPANDED INVOLVEMENT IN THE SHARED BRANCHING NETWORK TO OFFER ADDITIONAL 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 $11,238 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 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 2012, THE CREDIT UNION APPROVED 5,388 LOAN REQUESTS FOR OVER $123.8M. A TOTAL OF 508 REAL ESTATE LOANS WERE APPROVED WITH A DOLLAR AMOUNT OF $52.4M. WE CONTINUED TO OFFER FHA REAL ESTATE LOANS AND MADE A TOTAL OF 37 FOR $4.7M. IN THE MEMBER BUSINESS ARENA, WE APPROVED 19 COMMERCIAL LOAN REQUESTS TOTALING $8.6M FOR MEMBERS AND ACQUIRED 2 ADDITIONAL LOANS (THROUGH PARTICIPATIONS) OF NON-MEMBERS TOTALING $4.2M FOR A COMBINED TOTAL OF $12.8M. THE CREDIT UNION IS IN ITS FIFTH 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 STORM SHELTER LOANS AT A VERY LOW INTEREST RATE IN ORDER TO HELP MEMBERS AFFORD THE COSTLY EXPENSE OF ADDING A FORTIFIED STORM SHELTER TO THEIR RESIDENCE. COMMUNITY INVOLVEMENT: THE CREDIT UNION SUPPORTS OUR COMMUNITY IN VARIOUS VENUES. LAST YEAR, WE RAN THE SPREAD THE WORD REFERRAL CAMPAIGN, WHICH ALLOWED NEW MEMBERS TO DIRECT A CONTRIBUTION TO ONE OF FOUR CHARITIES: CHILDREN'S MIRACLE NETWORK (CMN), HABITAT FOR HUMANITY, MEALS ON WHEELS OR EASTERN OKLAHOMA FOOD BANK, RESULTING IN A SUBSTANTIAL CONTRIBUTION FOR ALL. ADDITIONAL FUNDS WERE RAISED FOR CMN/CHILDREN'S HOSPITAL FOUNDATION AT ST. FRANCIS THROUGH THE ANNUAL CMN FOOTBALL FEVER CAMPAIGN; OKLAHOMA CENTRAL WAS RECOGNIZED BY THE CREDIT UNION ASSOCIATION OF OKLAHOMA AND RECEIVED THE STATE'S LARGEST CONTRIBUTOR PER MEMBER AWARD IN THE $200-499 MILLION ASSET RANGE. THE TULSA AREA UNITED WAY CAMPAIGN WAS SUCCESSFUL AGAIN IN 2012; FUNDRAISING INITIATIVES INCLUDED BRANCH FUNDRAISING EVENTS SUCH AS BAKE SALES, A TAILGATE-THEMED PARTY, A CHILI COOK-OFF, RAFFLES AND MORE. THE PARTNERS IN EDUCATION (PIE) PROGRAM GIVES TIME AND FUNDING TO FOUR LOCAL SCHOOLS (CARNEGIE, MARSHALL, AND SEQUOYAH ELEMENTARY SCHOOLS IN TULSA, AND NORTH INTERMEDIATE HIGH SCHOOL IN BROKEN ARROW) AND HELPED PROVIDE SCHOOL UNIFORMS, HEAD PHONES, STUDENT OF THE MONTH AWARDS, AND MOVIE PASSES; PIE ALSO SUPPORTED AN OPEN HOUSE AND TEACHER APPRECIATION WEEK. SEVERAL EMPLOYEES HAVE VOLUNTEERED FOR UNITED WAY AGENCIES, SPECIAL OLYMPICS EVENTS, AND VARIOUS SCHOOL FUNCTIONS AND COMMUNITY EVENTS. OUR 6TH ANNUAL SHRED DAY, HELD IN OCTOBER, IS DESIGNED TO HELP MEMBERS PROTECT THEMSELVES AGAINST IDENTITY THEFT AND CONSERVE THE ENVIRONMENT THROUGH RECYCLING AS THE TWO PREDOMINANT THEMES. ALSO, FOR THE FIRST TIME, THE CREDIT UNION PARTICIPATED IN BOO HA HA, A VERY POPULAR ANNUAL NEIGHBORHOOD PARADE HELD IN OCTOBER. ALSO NEW LAST YEAR, OKLAHOMA CENTRAL CONDUCTED FINANCIAL LITERACY WEBINARS ON SEVERAL NEED-TO-KNOW TOPICS, WHICH WERE OPEN TO THE PUBLIC. THE FIRST FINANCIAL LITERACY WORKSHOP SERIES FOR PARENTS AT KIPP COLLEGE PREPARATORY SCHOOL KICKED OFF AND CULMINATED IN 2013, WHEN THREE OF THE PARENTS EACH WON A LAPTOP FROM THE CREDIT UNION FOR COMPLETING THE WORKSHOPS WITH PERFECT PARTICIPATION. 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 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 12285 0 1 176 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 0 1 1 1 0 OK X BRAD A SCHEIDT 9186646000 4956 S PEORIA AVE TULSA OK 74105 TOM HILLE 1.00 X X 0 0 0 PENNY COLANTONIO 1.00 X X 0 0 0 ROBERT WAGONER 1.00 X X 0 0 0 JOE PITTS 1.00 X 0 0 0 JIM MULLINGS 1.00 X 0 0 0 ANDY MURPHREE 1.00 X 0 0 0 JERRY HENDERSON 1.00 X 0 0 0 GINA WILSON 40.00 X 293520 0 60570 BRAD SCHEIDT 40.00 X 102155 0 10617 CAROLYN TOALSON 40.00 X 198269 0 39181 STEVE MCNABB 40.00 X 127406 0 30090 721350 0 140458 4 0 1 0 DC BASS & SONS CONSTRUCTION COMPANY PO BOX 1069 ENID OK 73702 CONSTRUCTION 1777582 TRANSFUND PO BOX 2300 TULSA OK 74192 ATM PROCESSING 865984 XP SYSTEMS 75 REMITTANCE DR SUITE 6963 CHICAGO IL 60675 COMPUTERS 528459 DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 90051 STATEMENTS/HOME BANKING 484360 SAGENET DEPT NO 1360 TULSA OK 74182 IT SUPPORT/PHONES 457412 10 INTEREST INCOME ON LOA 522100 11152445 11152445 SERVICE CHARGES AND OTHER FEES 522100 3157929 2786206 371723 14310374 4676951 4676951 92688315 256564 90703538 20000 1984777 236564 2221341 2221341 OTHER NON-INTEREST INCOME 522100 1876394 1876394 1876394 23085060 15815045 371723 6898292 2927952 460013 5158131 122915 692681 427497 96716 67354 156549 634481 2877849 1258613 1250509 100109 1032392 104054 PROVISION FOR LOAN LOSS 868135 NCUSIF PREMIUM ASSESSME 376185 LOAN SERVICING COSTS 218977 STATE INCOME TAX 187668 19018780 27147200 27145831 1709367 1517979 178753842 200823008 26455935 9350476 14810321 17105459 218916126 222058048 4662843 6257401 445999699 474907726 3285331 1579399 255058 345814 382857970 409569662 386398359 411494875 X 0 0 0 0 59601340 63412851 59601340 63412851 445999699 474907726 X 4066280 -1243777 989008 X 0 1 X 1 0 0 1 X 7733742 7733742 11017402 3801420 7215982 488044 255214 232830 7216747 5293842 1922905 17105459 AVAILABLE FOR SALE INVESTMENTS 220622815 F OTHER INVESTMENTS 1435233 F 222058048 MEMBERS' SHARES 409569662 409569662 X 23085060 0 23085060 0 23085060 19018780 0 19018780 0 19018780 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE CREDIT UNION ADOPTED THE INCOME TAX STANDARDS FOR UNCERTAIN TAX POSITIONS. AS A RESULT, THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2012 AND 2011. X X X X 0 0 0 GINA WILSON 242346 0 50760 0 414 0 39500 0 21070 0 354090 0 0 0 CAROLYN TOALSON 164258 0 31237 0 2774 0 39181 0 0 0 237450 0 0 0 STEVE MCNABB 100559 0 26676 0 171 0 17000 0 13090 0 157496 0 0 0 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 ORGANIZATIONS GOVERNING BODY, WHETHER PERIODICALLY, 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. THE ENTIRE GRADE LEVEL SYSTEM WAS TESTED IN 2011 WITH PERIODIC TESTS BY AN OUTSIDE CONSULTANT WHEN NEW POSITIONS ARE ADDED OR AT THE REQUEST OF THE CREDIT UNION. TESTING OF ENTIRE GRADE LEVELS IS COMPLETED EVERY OTHER YEAR. A COMPENSATION SALARY SURVEY COMPILED BY NATIONAL ASSOCIATION IS PROVIDED TO THE BOD. THE BOD USES SURVEY AND GRADE LEVEL INFORMATION TO EVALUATE THE CEO. THE BOD MEETS ANNUALLY, INDEPENDENT OF ITS REGULAR MEETINGS, TO DISCUSS COMPENSATION OF THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE STATEMENT OF FINANCIAL CONDITION IS POSTED MONTHLY IN ALL BRANCH LOCATIONS AND KEY STATISTICS ARE POSTED ON THE WEBSITE. ALL INFORMATION CAN BE VIEWED ON THE CALL REPORT QUARTERLY THROUGH THE NCUA.GOV WEBSITE. AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. ANNUAL REPORTS ARE PROVIDED TO MEMBERSHIP AT THE ANNUAL MEETING. ANY PUBLIC REQUESTED DOCUMENTS ARE MADE AVAILABLE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: EQUITY FROM MERGER 989,008. REAL ESTATE FINANCIAL SERVICES LLC 8080 S YALE AVE TULSA OK 74136 446013230 SET UP TO BE A REAL ESTATE COMPANY BUT NEVER USED OK 0 0 OKLAHOMA CENTRAL CREDIT UNION