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OKLAHOMA CENTRAL CREDIT UNION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
OKLAHOMA CENTRAL CREDIT UNION (EIN 73-0731221)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-08-14
IRS object ID
201222279349301067
Schema version
2011v1.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2012-08-14T09:34:02-05:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN420714325EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1MCGLADREY LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1801 NICOLLET MALL SUITE 1100AddressLine1
CityMINNEAPOLISCity
StateMNState
ZIP Code55402ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN730731221EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1OKLAHOMA CENTRAL CREDIT UNIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlOKLANameControl
Phone9186646000Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line14956 S PEORIA AVEAddressLine1
CityTULSACity
StateOKState
ZIP Code74105ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameBRAD SCHEIDTName
TitleCFOTitle
Phone9186646000Phone
Date Signed2012-08-06DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameGERALD B KISSELLName
PTINP00092658PTIN
Phone6123324300Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonGINA WILSONNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line14956 S PEORIA AVEAddressLine1
CityTULSACity
StateOKState
ZIP Code74105ZIPCode
FieldValueIRS element (for citing)
Gross Receipts99794066GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501cXOrganization501c
Web SiteWWW.OCCU.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1941YearFormation
State Legal DomicileOKStateLegalDomicile
Activity Or Mission DescriptionOKLAHOMA CENTRAL CREDIT UNION IS A 501(C)(14) STATE CHARTERED CREDIT UNION.ActivityOrMissionDescription
Nbr Voting Members Governing Body7NbrVotingMembersGoverningBody
Nbr Independent Voting Members7NbrIndependentVotingMembers
Total Nbr Employees163TotalNbrEmployees
Total Nbr Volunteers10TotalNbrVolunteers
Total Gross UBI412871TotalGrossUBI
Net Unrelated Business Txbl Income-19774NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year0ContributionsGrantsPriorYear
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year14548047ProgramServiceRevenuePriorYear
Program Service Revenue CY13940336ProgramServiceRevenueCY
Investment Income Prior Year7961391InvestmentIncomePriorYear
Investment Income Current Year8403508InvestmentIncomeCurrentYear
Other Revenue Prior Year2096386OtherRevenuePriorYear
Other Revenue Current Year1930301OtherRevenueCurrentYear
Total Revenue Prior Year24605824TotalRevenuePriorYear
Total Revenue Current Year24274145TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year4618389BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY3670482BenefitsPaidToMembersCY
Salaries Etc Prior Year6700966SalariesEtcPriorYear
Salaries Etc Current Year7002957SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year9041076OtherExpensePriorYear
Other Expenses Current Year9288512OtherExpensesCurrentYear
Total Expenses Prior Year20360431TotalExpensesPriorYear
Total Expenses Current Year19961951TotalExpensesCurrentYear
Revenues Less Expenses Prior Year4245393RevenuesLessExpensesPriorYear
Revenues Less Expenses CY4312194RevenuesLessExpensesCY
Total Assets BOY407823611TotalAssetsBOY
Total Assets EOY445999699TotalAssetsEOY
Total Liabilities BOY353064337TotalLiabilitiesBOY
Total Liabilities EOY386398359TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY54759274NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY59601340NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionOKLAHOMA CENTRAL CREDIT UNION 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.MissionDescription
Significant New Program Services1SignificantNewProgramServices
Significant Change0SignificantChange
DescriptionPROMOTE SAVINGS AND PROVIDE FINANCIAL SERVICES TO MEMBER/OWNERS - OVERALL SAVINGS BALANCES GREW IN 2011 BY $33.5M OR 9.6% OVER PREVIOUS YEAR. SAVINGS CATEGORIES CHANGES DURING THE YEAR WERE: SAVINGS AT $7.2M (7.9%); CHECKING AT $5.9M (11.5%); RETIREMENT SAVINGS AT $0.2M (0.5%); MMAS AT $12.4M (16.3%); AND CERTIFICATES OF DEPOSIT AT $7.8M (8.5%). THIS REPRESENTS A TOTAL OF 55,983 ACCOUNTS FROM A MEMBERSHIP TOTAL OF 32,811 OR 1.7 SAVINGS SERVICES PER MEMBER WITH AN AVERAGE SAVINGS OF $11,676 PER MEMBER (AN INCREASE FROM PRIOR YEAR OF $1,024 PER MEMBER). A NO MONTHLY SERVICE CHARGE CONSUMER CHECKING ACCOUNT CONTINUED TO BE POPULAR AND GENERATED 1,415 NEW ACCOUNTS. OUR LOW-FEE COMMERCIAL CHECKING ACCOUNT CREATED 127 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 $15,956 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. 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.Description

Activity2 Activity2

FieldValueIRS element (for citing)
DescriptionPROVIDE 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 2011, THE CREDIT UNION APPROVED 4,320 LOAN REQUESTS FOR OVER $84.1M. A TOTAL OF 345 REAL ESTATE LOANS WERE APPROVED WITH A DOLLAR AMOUNT OF $31.0M. WE CONTINUED TO OFFER FHA REAL ESTATE LOANS AND MADE A TOTAL OF 11 FOR $1.5M. IN THE MEMBER BUSINESS ARENA, WE APPROVED 17 COMMERCIAL LOAN REQUESTS TOTALLING $5.6M (THE CREDIT UNION IS IN ITS FOURTH YEAR OF COMMERCIAL LENDING - A DIRECT RESPONSE TO OUR SMALL BUSINEES OWNERS REQUESTS FOR FINANCIAL SERVICES). PRODUCT OFFERINGS WHICH INCLUDED SHORTER TERM LOANS AT LOWER RATES. THE CREDIT UNION ALSO BEGAN OFFERING STORM SHELTER LOANS AT A VERY LOW INTEREST RATE (2.99%) IN ORDER TO HELP MEMBERS AFFORD THE COSTLY EXPENSE OF ADDING A FORTIFIED STORM SHELTER TO THEIR RESIDENCE.Description

Activity3 Activity3

FieldValueIRS element (for citing)
DescriptionCOMMUNITY INVOLVEMENT: INDIVIDUALLY AND AS A CREDIT UNION, WE SUPPORT OUR COMMUNITY IN VARIOUS VENUES. THE CREDIT UNION AGAIN SPONSORED THE ANNUAL ART OF BARBEQUE FESTIVAL BENEFITING THE ARTS AND HUMANITIES COUNCIL OF TULSA (WHICH TAKES THE "ARTS" INTO THE PUBLIC SCHOOLS), AS WELL AS THE BIXBY ROTARY CLUB BBQ 'N' MUSIC FESTIVAL KID ZONE, WHICH SUPPORTS NUMEROUS INITIATIVES FOR KIDS AND FAMILIES IN NEED. FINANCIAL SPONSORSHIPS INCLUDED TULSA UNIVERSITY, ROCKETS OVER RHEMA IN BROKEN ARROW AND THREE BASKETBALL CAMPS/FINANCIALLY LITERACY WORKSHOPS FOR KIDS THROUGH THE TULSA SHOCK. ADDITIONAL SPONSORSHIPS AND DONATIONS HELPED 20+ ORGANIZATIONS, INCLUDING TULSA DAY CENTER FOR THE HOMELESS, FAMILY & CHILDREN SERVICES, ALZHEIMER'S ASSOCIATION, EMERGENCY INFANT SERVICES, MEALS ON WHEELS; AND WE ANSWERED THE CALL WHEN THE JOHN 3:16 MISSION WAS ALMOST OUT OF FOOD TO PROVIDE MEALS TO THE HOMELESS BY MAKING A SIGNIFICANT CONTRIBUTION AND WORKING WITH A LOCAL GROCER TO OBTAIN THE MOST NEEDED ITEMS AT BULK/DISCOUNT PRICING. THE CREDIT UNION NEARLY DOUBLED ITS FUNDRAISING PROCEEDS OVER LAST YEAR' FOR THE CHILDREN'S MIRACLE NETWORK BY PARTICIPATING IN AN EVENT SPONSORED BY A LOCAL DEPARTMENT STORE, BELK'S CHARITY DAY; AND CHILDREN'S MIRACLE NIGHT WITH THE TULSA SHOCK, WHICH SHOWCASED CHILDREN'S HOSPITAL FOUNDATION, OUR MONEY MAMMALS KIDS CLUB LITERACY PROGRAM, AND EARNED MATCHING FUNDS FROM COOP FINANCIAL SERVICES AS WELL AS CHILDREN'S HOSPITAL AT ST. FRANCIS' FIRST ANNUAL EXCELLENCE IN CAUSE MARKETING AWARD (WHICH WAS INSPIRED BY ALL OF OUR EFFORTS IN 2011). TO KICK OFF THE UNITED WAY CAMPAIGN, THE BRANCHES HOSTED FUNDRAISING EVENTS FROM A TAILGATE-THEMED PARTY TO A CHILI COOK-OFF AND RAFFLES. THE CREDIT UNION ACHIEVED 100% EMPLOYEE PARTICIPATION AND FOR THE THIRD YEAR IN A ROW BROKE OUR DONATION RECORDS. 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) TO HELP PROVIDE SCHOOL SUPPLIES; GIFTS FOR TEACHER APPRECIATION WEEK; FIELD TRIP FEES; AND PROVIDING TEST MONITORS. THIS YEAR ADDITIONAL FUNDING WAS PROVIDED TO HELP LOW-INCOME STUDENTS WITH MUCH NEEDED CLOTHING, WINTER COATS, FOOD, AND OTHER BASIC SUPPLIES. SEVERAL SCHOOL SPORTS PROGRAM SPONSORSHIPS WHICH INCLUDED BOYS AND GIRLS IN MANY CASES INCLUDED: CATOOSA, JENKS, UNION, SAND SPRINGS, OWASSO AND BROKEN ARROW HIGH SCHOOLS. THE CREDIT UNION ALLOWS EACH EMPLOYEE EIGHT HOURS OF COMMUNITY SERVICE EACH YEAR. SOME EMPLOYEES HAVE VOLUNTEERED FOR UNITED WAY AGENCIES, SPECIAL OLYMPICS EVENTS, AND VARIOUS SCHOOL FUNCTIONS AND COMMUNITY EVENTS. OUR 5TH ANNUAL SHRED DAY WAS HELD IN OCTOBER WITH HELPING MEMBERS PROTECT THEMSELVES AGAINST IDENTITY THEFT AND CONSERVING THE ENVIRONMENT BY RECYCLING AS THE TWO PREDOMINANT THEMES, WITH EVER GROWING POPULARITY AND PARTICIPATION EACH YEAR.Description
FieldValueIRS element (for citing)
Described In501 C30DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling1CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities1ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity1DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With109612984NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees163NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income1UnrelatedBusinessIncome
Form990-T Filed1Form990-TFiled
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members7NbrVotingGoverningBodyMembers
Number Independent Voting Members7NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders1MembersOrStockholders
Election Of Board Members1ElectionOfBoardMembers
Decisions Subject To Approval1DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters1LocalChapters
Policies Reference Chapters1PoliciesReferenceChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy0WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledOKStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1BRAD A SCHEIDTBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number9186646000TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line14956 S PEORIA AVEAddressLine1
CityTULSACity
StateOKState
ZIP Code74105ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (11 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationHighest Compensated EmployeeHighestCompensatedEmployee
TOM HILLE
CHAIRMAN, BOD1.00XX000
PENNY COLANTONIO
VICE CHAIRMAN, BOD1.00XX000
ROBERT WAGONER
SEC/TREAS, BOD1.00XX000
JOE PITTS
DIRECTOR1.00X000
JIM MULLINGS
DIRECTOR1.00X000
ANDY MURPHREE
DIRECTOR1.00X000
JERRY HENDERSON
DIRECTOR1.00X000
GINA WILSON
CEO40.00X328364039390
CAROLYN TOALSON
CFO40.00X183774024202
STEVE MCNABB
CBDO40.00118884013577X
BRAD SCHEIDT
VP, FINANCE40.0010251209028X
FieldValueIRS element (for citing)
Total Reportable Comp From Org733534TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation86197TotalOtherCompensation
Number Individuals GT100 K4NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
DC BASS & SONS CONSTRUCTION COMPANY
PO BOX 1069ENIDOK73702CONSTRUCTION1625812
TRANSFUND
PO BOX 2300TULSAOK74192ATM PROCESSING898216
XP SYSTEMS
75 REMITTANCE DR SUITE 6963CHICAGOIL60675COMPUTERS570326
DIGITAL INSIGHT
PO BOX 515306LOS ANGELESCA90051STATEMENTS/HOME BANKING502269
SAGENET
DEPT NO 1360TULSAOK74182IT SUPPORT/PHONES398900
FieldValueIRS element (for citing)
Number Of Contractors GT100 K12NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncomeUnrelated Business RevenueUnrelatedBusinessRevenue
INTEREST INCOME ON LOA5221001115558311155583
SERVICE CHARGES AND OT52210027847532371882412871
FieldValueIRS element (for citing)
Total Program Service Revenue13940336TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column6901122TotalRevenueColumn
Exclusion$6,901,122ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities76863062Securities
Other159245Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities75360121Securities
Other159800Other

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities1502941Securities
Other-555Other

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column1502386TotalRevenueColumn
Exclusion$1,502,386ExclusionAmount

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionOTHER NON-INTEREST INCDescription
Business Code522100BusinessCode
Total Revenue Column1930301TotalRevenueColumn
Related Or Exempt Function Income1930301RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Other Revenue1930301TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column24274145TotalRevenueColumn
Related Or Exempt Function Income15457766RelatedOrExemptFunctionIncome
Unrelated Business Revenue412871UnrelatedBusinessRevenue
Exclusion$8,403,508ExclusionAmount

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total3670482Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total575730Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total5126836Total

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total82241Total

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total779056Total

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total439094Total

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total105621Total

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total57120Total

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total166969Total

Advertising Advertising

FieldValueIRS element (for citing)
Total597124Total

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total2601791Total

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total1116300Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total1234908Total

Travel Travel

FieldValueIRS element (for citing)
Total104803Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total946075Total

Insurance Insurance

FieldValueIRS element (for citing)
Total93475Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotal
PROVISION FOR LOAN LOSS976260
NCUSIF PREMIUM ASSESSME884315
LOAN SERVICING COSTS244571
STATE INCOME TAX159180

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total19961951Total

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY15633199BOY
EOY27147200EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY1639707BOY
EOY1709367EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY176291903BOY
EOY178753842EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis24249019LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec9438698LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY13311360BOY
EOY14810321EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY196311978BOY
EOY218916126EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY4635464BOY
EOY4662843EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY407823611BOY
EOY445999699EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY3455406BOY
EOY3285331EOY

Escrow Account Liability EscrowAccountLiability

FieldValueIRS element (for citing)
BOY204724BOY
EOY255058EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY349404207BOY
EOY382857970EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY353064337BOY
EOY386398359EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

FieldValueIRS element (for citing)
BOY54759274BOY
EOY59601340EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY54759274BOY
EOY59601340EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY407823611BOY
EOY445999699EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses4312194ReconcilationRevenueExpenses
Reconcilation Other Changes529872ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtc
Included On FS1IncludedOnFS

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis7698630OtherCostOrOtherBasis
Book Value7698630BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis8585641OtherCostOrOtherBasis
Depreciation4410592Depreciation
Book Value4175049BookValue

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis1798300OtherCostOrOtherBasis
Depreciation181613Depreciation
Book Value1616687BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis6166448OtherCostOrOtherBasis
Depreciation4846493Depreciation
Book Value1319955BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings14810321TotalOfBookValueLandBuildings

Other Securities OtherSecurities (2 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
AVAILABLE FOR SALE INVESTMENTS217133293F
OTHER INVESTMENTS1782833F
FieldValueIRS element (for citing)
Total Of Book Value Securities218916126TotalOfBookValueSecurities

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionMEMBERS' SHARESDescription
Amount$382,857,970Amount
FieldValueIRS element (for citing)
Total Of Amounts382857970TotalOfAmounts
Total Revenue24274145TotalRevenue
Total Expenses19961951TotalExpenses
Excess Or Deficit For Year4312194ExcessOrDeficitForYear
Net Unrealized GL On Investments2032813NetUnrealizedGLOnInvestments
Other-$1,502,941OtherAmount
Total Adjustments529872TotalAdjustments
Excess Or Deficit Per FS4842066ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt24274145TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F9900RevenueNotRptdF990
Revenue Subtotal24274145RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form99024274145TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt19961951TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal19961951ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form99019961951TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
PART IV, LINE 2B:OKLAHOMA CENTRAL CREDIT UNION HAS AN ESCROW ACCOUNT FOR MORTGAGES.
PART X:MANAGEMENT EVALUATED THE CREDIT UNION'S TAX POSITIONS AND CONCLUDED THAT THE CREDIT UNION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF FIN48.DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
NET REALIZED GAINS ON INVESTMENTS INCLUDED IN NET INCOME -1,502,941.PART XI, LINE 8 - OTHER ADJUSTMENTS:

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeXCompensationCommittee
Independent ConsultantXIndependentConsultant
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
GINA WILSON
231379087735092500246720147180367754000
CAROLYN TOALSON
15883902493500021329028730207976000

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (10 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
NEW PROGRAM SERVICESFORM 990, PART III, LINE 2CREDIT UNION BEGAN ALLOWING OPTION FOR EXISTING MEMBERS TO UTILIZE INDIRECT LENDING PROVIDER. SERVICE WAS PROVIDED ONLY AS A CONVENIENCE TO EXISTING MEMBERS AND NOT TO INCREASE MEMBERSHIP COUNT.
FORM 990, PART VI, SECTION A, LINE 6THE 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 7AMEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, AS VACANCIES ARISE, OR OTHERWISE.
FORM 990, PART VI, SECTION A, LINE 7BMEMBERS 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 11THE 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 12CANNUALLY ALL EMPLOYEES, BOD, VOLUNTEERS SIGN CONFLICT OF INTEREST POLICY; INTERNAL AUDITS ARE PERFORMED ON EMPLOYEE ACCOUNTS AND 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 15A 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. ENTIRE GRADE LEVEL SYSTEM TESTED IN 2011 WITH PERIODIC TESTS BY OUTSIDE CONSULTANT WHEN NEW POSITION ADDED OR AT THE REQUEST OF CREDIT UNION. TESTING OF ENTIRE GRADE LEVEL IS EVERY OTHER YEAR. A COMPENSATION SALARY SURVEY COMPLIED 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 19STATEMENT OF FINANCIAL CONDITION POSTED MONTHLY IN ALL BRANCH LOCATIONS. KEY STATISTICS POSTED ON WEBSITE. ALL INFORMATION CAN BE VIEWED ON CALL REPORT QUARTERLY THROUGH NCUA.GOV WEB SITE. AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. ANNUAL REPORTS GIVEN TO MEMBERSHIP AT ANNUAL MEETING. ANY PUBLIC REQUESTED DOCUMENTS ARE MADE AVAILABLE.
CHANGES IN NET ASSETS OR FUND BALANCES:FORM 990, PART XI, LINE 5:NET UNREALIZED GAINS ON INVESTMENTS: 2,032,813. NET REALIZED GAINS ON INVESTMENTS INCLUDED IN NET INCOME -1,502,941. TOTAL TO FORM 990, PART XI, LINE 5: 529,872.
NO CHANGE FROM PRIOR YEAR

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1REAL ESTATE FINANCIAL SERVICES LLCBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line18080 S YALE AVEAddressLine1
CityTULSACity
StateOKState
ZIP Code74136ZIPCode
FieldValueIRS element (for citing)
EIN446013230EIN
Primary ActivitiesSET UP TO BE A REAL ESTATE COMPANY BUT NEVER USEDPrimaryActivities
Legal Domicile StateOKLegalDomicileState
Total Income0TotalIncome
EOY Assets0EOYAssets
Direct Controlling Entity NAN/ADirectControllingEntityNA