OKLAHOMA CENTRAL CREDIT UNION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- OKLAHOMA CENTRAL CREDIT UNION (EIN 73-0731221)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-04-29
- IRS object ID
- 201111199349300501
- Schema version
- 2010v3.2
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-04-29T08:08:00-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM MCGLADREY INC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 NICOLLET MALL SUITE 1100 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55402 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 730731221 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OKLAHOMA CENTRAL CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | OKLA | NameControl |
| Phone | 9186646000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11335 E 41ST STREET | AddressLine1 |
| City | TULSA | City |
| State | OK | State |
| ZIP Code | 74146 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CAROLYN TOALSON | Name |
| Title | CFO | Title |
| Phone | 9186646000 | Phone |
| Date Signed | 2011-04-22 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | COLLIN F BUZZELL | Name |
| Phone | 6125738750 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | GINA WILSON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11335 E 41ST STREET | AddressLine1 |
| City | TULSA | City |
| State | OK | State |
| ZIP Code | 74146 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 70910471 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.OCCU.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1941 | YearFormation |
| State Legal Domicile | OK | StateLegalDomicile |
| Activity Or Mission Description | OKLAHOMA CENTRAL CREDIT UNION IS A 501(C)14 STATE CHARTERED CREDIT UNION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 8 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 8 | NbrIndependentVotingMembers |
| Total Nbr Employees | 181 | TotalNbrEmployees |
| Total Nbr Volunteers | 10 | TotalNbrVolunteers |
| Total Gross UBI | 362100 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -121544 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 15511931 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 14548047 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 7601977 | InvestmentIncomePriorYear |
| Investment Income Current Year | 7961391 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3823323 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2096386 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 26937231 | TotalRevenuePriorYear |
| Total Revenue Current Year | 24605824 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 6041069 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 4618389 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 6114808 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 6700966 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 12355067 | OtherExpensePriorYear |
| Other Expenses Current Year | 9041076 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 24510944 | TotalExpensesPriorYear |
| Total Expenses Current Year | 20360431 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2426287 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4245393 | RevenuesLessExpensesCY |
| Total Assets BOY | 383862971 | TotalAssetsBOY |
| Total Assets EOY | 407823611 | TotalAssetsEOY |
| Total Liabilities BOY | 334171309 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 353064337 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 49691662 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 54759274 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | OKLAHOMA 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 Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | PROMOTE SAVINGS AND PROVIDE FINANCIAL SERVICES TO MEMBER/OWNERS - OVERALL SAVINGS BALANCES GREW IN 2010 BY $16.6M OR 5.0% OVER PREVIOUS YEAR. SAVINGS CATEGORIES CHANGES DURING THE YEAR WERE: SAVINGS AT $6.2M (7.2%); CHECKING AT $0.0M (0.0%); RETIREMENT SAVINGS AT $5.1M (9.3%); MMAS AT $6.0M (8.7%); AND CERTIFICATES OF DEPOSIT AT -$0.8M (-1.0%). THIS REPRESENTS A TOTAL OF 55,857 ACCOUNTS FROM A MEMBERSHIP TOTAL OF 32,831 OR 1.7 SAVINGS SERVICES PER MEMBER WITH AN AVERAGE SAVINGS OF $10,652 PER MEMBER (AN INCREASE FROM PRIOR YEAR OF $319 PER MEMBER). NET GROWTH IN MEMBERSHIP DURING 2010 WAS 590. A NO MONTHLY SERVICE CHARGE CONSUMER CHECKING ACCOUNT CONTINUED TO BE POPULAR AND GENERATED 1,814 NEW ACCOUNTS. OUR LOW-FEE COMMERCIAL CHECKING ACCOUNT CREATED 100 NEW CHECKING ACCOUNTS. THE CREDIT UNION JOINED 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 $9,255 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | 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 2010, THE CREDIT UNION APPROVED 4,318 LOAN REQUESTS FOR OVER $98.7M. THIS IS $13.9M HIGHER THAN THE PREVIOUS YEAR. A A TOTAL OF 411 REAL ESTATE LOANS WERE APPROVED WITH A DOLLAR AMOUNT OF $37.1M. WE CONTINUED TO OFFER FHA REAL ESTATE LOANS AND MADE A TOTAL OF 44 FOR $5.5M. WE WERE APPROVED TO OFFER TULSA COUNTY BOND MONEY AS WELL. IN THE MEMBER BUSINESS ARENA, WE APPROVED 23 COMMERCIAL LOAN REQUESTS TOTALLING $15.4M (THE CREDIT UNION IS IN ITS THIRD YEAR OF COMMERCIAL LENDING - A DIRECT RESPONSE TO OUR SMALL BUSINEES OWNERS REQUESTS FOR FINANCIAL SERVICES. ENHANCEMENT WERE MADE TO OUR LENDING MATRIX; PRODUCT OFFERINS WHICH INCLUDED SHORTER TERM LOANS AT LOWER RATES CONTRIBUTED TO OVERALL HIGH PRODUCTION LEVELS AND IMPROVED BOOKED PERCENTAGES. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | COMMUNITY INVOLVEMENT - INDIVIDUALLY AND AS A CREDIT UNION, WE SUPPORT OUR COMMUNITY IN VARIOUS VENUES. THE CREDIT UNION AGAIN SPONSORED THE 13TH ANNUAL ART OF BARBEQUE 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. EACH YEAR THE CREDIT UNION PROVIDES VOLUNTEERS AS JUDGES AND COOK-OFF PARTICIPANTS DURING THESE EVENTS. FINANCIAL SPONSORSHIPS INCLUDE TULSA UNIVERSITY, PARADE OF LIGHTS, ROCKETS OVER RHEMA IN BROKEN ARROW, MOUNDS HISTORICAL SOCIETY, AND THE TULSA YOUNG PROFESSIONALS, A MEMBERSHIP ORGANIZATION OF MORE THAN 5,000 UP AND COMING BUSINESS AND COMMUNITY LEADERS. ADDITIONAL SPONSORSHIPS AND DONATIONS HELPED 20+ ORGANIZATIONS, INCLUDING TULSA DAY CENTER FOR THE HOMELESS, FAMILY & CHILDREN SERVICES, BREATH OF LIFE FOUNDATION, SALVATION ARMY SUMMER CAMP, ALZHEIMER'S ASSOCIATION, EMERGENCY INFANT SERVICES, MEALS ON WHEELS, KLOTHES FOR KIDS AND OTHERS. THE CREDIT UNION STAFF PARTICIPATED IN ITS FIRST PROJECT TO RAISE FUNDS FOR THE CHILDREN'S MIRACLE NETWORK WITH 100% OF THE PROCEEDS GOING TO BENEFIT THE CHILDREN'S HOSPITAL AT ST. FRANCIS IN TULSA. 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 OUR LARGEST CONTRIBUTION TO DATE. 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, FOOD AND OTHER BASIC SUPPLIES. SEVERAL SCHOOL SPORTS PROGRAM SPONSORSHIPS WHICH INCLUDED BOYS AND GIRLS IN MANY CASES INCLUDED: CATOOSA, JENKS, UNION, SAND SPRINGS, BOOKER T. WASHINGTON AND VERDIGRIS. THE CREDIT UNION ALSO SPONSORED INSTRUMENTAL MUSIC AT MEMORIAL HIGH SCHOOL. THE CREDIT UNION ALLOWS EACH EMPLOYEE 8 HOURS OF COMMUNITY SERVICE EACH YEAR. SOME EMPLOYEES HAVE VOLUNTEERED FOR UNITED WAY AGENCIES, SPECIAL OLYMPICS EVENTS, AND VARIOUS SCHOOL FUNCTIONS AND COMMUNITY EVENTS, INCLUDING SERVING AS A JUDGE AT ONE OF AREA'S LARGEST MARTIN LUTHER KING, JR. SPEECH CONTESTS. OUR 4TH ANNUAL SHRED DAY WAS HELD IN OCTOBER WITH FINANCIAL SECURITY AND HELPING SAVE THE ENVIRONMENT BY RECYCLING AS THE TWO PREDOMINANT THEMES - WITH THIS YEAR BEING POSSIBLY THE HIGHEST PARTICIPATION FOR THIS EVENT TO DATE. OKLAHOMA CENTRAL WAS A SPONSOR AND TOOK PART IN THE 2010 PARADE OF LIGHTS THAT IS AN ANNUAL EVENT IN DOWNTOWN TULSA CELEBRATING THE HOLIDAY SEASON. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 12176 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 181 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 8 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 8 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CAROLYN TOALSON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9186646000 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11335 E 41ST STREET | AddressLine1 |
| City | TULSA | City |
| State | OK | State |
| ZIP Code | 74146 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (11 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| JERRY HENDERSON | ||||||||
| CHAIRMAN, BOD | 1.00 | X | X | 0 | 0 | 0 | ||
| TOM HILLE | ||||||||
| VICE CHAIRMAN, BOD | 1.00 | X | X | 0 | 0 | 0 | ||
| PENNY COLANTONIO | ||||||||
| SEC/TREAS, BOD | 1.00 | X | X | 0 | 0 | 0 | ||
| JOE PITTS | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| JIM MULLINGS | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| ANDY MURPHREE | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| ROBERT WAGNER | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| GINA WILSON | ||||||||
| CEO | 40.00 | X | 301793 | 0 | 34889 | |||
| CAROLYN TOALSON | ||||||||
| CFO | 40.00 | X | 182344 | 0 | 22366 | |||
| MARGIE PUGH | ||||||||
| COO | 40.00 | 150549 | 0 | 4975 | X | |||
| STEVE MCNABB | ||||||||
| CBDO | 40.00 | 108858 | 0 | 10488 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 743544 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 72718 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| HUNTER CONSTRUCTION | |||||
| 10051 SOUTH YALE SUITE 200 | TULSA | OK | 74137 | CONSTRUCTION | 1030572 |
| TRANSFUND | |||||
| PO BOX 2300 | TULSA | OK | 74192 | ATM PROCESSING | 866686 |
| XP SYSTEMS | |||||
| 75 REMITTANCE DR SUITE 6963 | CHICAGO | IL | 60675 | CORE PROCESSOR-MAINTENANCE | 489805 |
| DIGITAL INSIGHT | |||||
| PO BOX 515306 | LOS ANGELES | CA | 90051 | STATEMENTS/HOME BANKING | 355750 |
| SAGENET | |||||
| DEPT NO 1360 | TULSA | OK | 74182 | IT SUPPORT/PHONES | 253412 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 13 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INTEREST INCOME ON LOA | 522100 | 11302785 | 11302785 | |
| SERVICE CHARGES AND OT | 522100 | 3245262 | 2883162 | 362100 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 14548047 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6627264 | TotalRevenueColumn |
| Exclusion | $6,627,264 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 47638774 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 46304647 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1334127 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1334127 | TotalRevenueColumn |
| Exclusion | $1,334,127 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER NON-INTEREST INC | Description |
| Business Code | 522100 | BusinessCode |
| Total Revenue Column | 2096386 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2096386 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 2096386 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 24605824 | TotalRevenueColumn |
| Related Or Exempt Function Income | 16282333 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 362100 | UnrelatedBusinessRevenue |
| Exclusion | $7,961,391 | ExclusionAmount |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4618389 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 696917 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4807723 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 71881 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 737319 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 387126 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 91435 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 85047 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 172252 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 644553 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2649879 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 972480 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1101731 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 110280 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 838125 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92430 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PROVISION FOR LOAN LOSS | 1065000 |
| NCUSIF PREMIUM ASSESSME | 879249 |
| STATE INCOME TAX | 160451 |
| LOAN SERVICING COSTS | 106164 |
| INVESTMENT IMPAIRMENT | 72000 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20360431 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17899060 | BOY |
| EOY | 15633199 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1513360 | BOY |
| EOY | 1639707 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 172743711 | BOY |
| EOY | 176291903 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 22123926 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 8812566 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11084603 | BOY |
| EOY | 13311360 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 175701604 | BOY |
| EOY | 196311978 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4920633 | BOY |
| EOY | 4635464 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 383862971 | BOY |
| EOY | 407823611 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 925544 | BOY |
| EOY | 3250682 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 203777 | BOY |
| EOY | 204724 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 333041988 | BOY |
| EOY | 349608931 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 334171309 | BOY |
| EOY | 353064337 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49691662 | BOY |
| EOY | 54759274 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49691662 | BOY |
| EOY | 54759274 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 383862971 | BOY |
| EOY | 407823611 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 4245393 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 822219 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7698630 | OtherCostOrOtherBasis |
| Book Value | 7698630 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8304304 | OtherCostOrOtherBasis |
| Depreciation | 4118834 | Depreciation |
| Book Value | 4185470 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 266496 | OtherCostOrOtherBasis |
| Depreciation | 181613 | Depreciation |
| Book Value | 84883 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5854496 | OtherCostOrOtherBasis |
| Depreciation | 4512119 | Depreciation |
| Book Value | 1342377 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 13311360 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| AVAILABLE FOR SALE INVESTMENTS | 194534031 | F |
| OTHER INVESTMENTS | 1777947 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 196311978 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MEMBERS' SHARES | Description |
| Amount | $349,608,931 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 349608931 | TotalOfAmounts |
| Total Revenue | 24605824 | TotalRevenue |
| Total Expenses | 20360431 | TotalExpenses |
| Excess Or Deficit For Year | 4245393 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 822219 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 822219 | TotalAdjustments |
| Excess Or Deficit Per FS | 5067612 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 24533824 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 24533824 | RevenueSubtotal |
| Other Revenues Not Included | 72000 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 72000 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 24605824 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 20288431 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 20288431 | ExpensesSubtotal |
| Other Expenses Not Included | 72000 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 72000 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 20360431 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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: |
| REVENUE RECLASSED TO EXPENSE -OTHER THAN TEMPORARY IMPAIRMENT ON INVESTMENTS 72,000. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| REVENUE RECLASSED TO EXPENSE -OTHER THAN TEMPORARY IMPAIRMENT ON INVESTMENTS 72,000. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | 1 | SubstantiationRequired |
| Independent Consultant | X | IndependentConsultant |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GINA WILSON | |||||||||||||
| 196837 | 0 | 94935 | 0 | 10021 | 0 | 23728 | 0 | 11161 | 0 | 336682 | 0 | 0 | 0 |
| CAROLYN TOALSON | |||||||||||||
| 151163 | 0 | 31181 | 0 | 0 | 0 | 21364 | 0 | 1002 | 0 | 204710 | 0 | 0 | 0 |
| MARGIE PUGH | |||||||||||||
| 104609 | 0 | 21325 | 0 | 24615 | 0 | 4119 | 0 | 856 | 0 | 155524 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| 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, 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 | CFO REVIEWS AND DISCUSSES WITH CEO. A REPORT IS PRESENTED TO THE BOARD OF DIRECTORS BEFORE FILING. | |
| ANNUALLY 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 12C | |
| 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. ENTIRE GRADE LEVEL SYSTEM TESTED IN 2009 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 B, LINE 15 | |
| STATEMENT 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. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 822,219. | FORM 990, PART XI, LINE 5: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REAL ESTATE FINANCIAL SERVICES LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8080 S YALE AVE | AddressLine1 |
| City | TULSA | City |
| State | OK | State |
| ZIP Code | 74136 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 446013230 | EIN |
| Primary Activities | SET UP TO BE A REAL ESTATE COMPANY BUT NEVER USED | PrimaryActivities |
| Legal Domicile State | OK | LegalDomicileState |
| Total Income | 0 | TotalIncome |
| EOY Assets | 0 | EOYAssets |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |