OKLAHOMA CITY, OK
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MUNICIPAL EMPLOYEES CREDIT UNION OF OKC, founded in 1934, is a community nonprofit that reported $9.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.
MUNICIPAL EMPLOYEES CREDIT UNION OF OKC STRIVES TO HELP MEMBERS WITH A QUALITY FINANCIAL PRODUCT AND SERVE THEIR INDIVIDUAL NEEDS WITH MULTIPLE OPTIONS.
LOAN INTEREST INCOME GENERATES MORE FUNDS FOR FUTURE LOANS, THUS INCREASING MEMBER CREDIT AVAILABILITY.
INVESTMENT INTEREST INCOME FUNDS PROVIDE HIGHER OR MORE COMPETITIVE INTEREST RATES MEMBERS EARN ON THEIR DEPOSITS THUS ENCOURAGING MORE SAVINGS, AS WELL AS A LIQUIDITY SOURCE FOR THE CREDIT UNION.
OVERDRAFT PRIVILEGE - THROUGH THIS PROGRAM, WE WILL PAY A MEMBER'S CHECK INSTEAD OF RETURNING THE ITEM WHEN THEIR ACCOUNT HAS A NEGATIVE BALANCE. THE CREDIT UNION STILL CHARGES A $30 FEE PER ITEM...
OVERDRAFT PRIVILEGE - THROUGH THIS PROGRAM, WE WILL PAY A MEMBER'S CHECK INSTEAD OF RETURNING THE ITEM WHEN THEIR ACCOUNT HAS A NEGATIVE BALANCE. THE CREDIT UNION STILL CHARGES A $30 FEE PER ITEM JUST AS THEY WOULD IF THE CHECK WAS RETURNED, HOWEVER, BY PAYING THE CHECK THE MEMBER AVOIDS A FEE FROM THE MERCHANT. THE CREDIT UNION HAS POLICIES IN PLACE THAT QUALIFIES A MEMBER FOR THIS SERVICE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $9,234,324 | $8,215,604 | +0.1% |
| Expenses | $8,984,236 | $8,297,476 | +0.1% |
| Net Income | $250,088 | $-81,872 | -4.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| WILEY WILLIAMS | CHAIRMAN | 0.50 |
Director
|
$0 | $0 | $0 |
| DEXTER NELSON | VICE CHAIRMAN | 0.50 |
Director
|
$0 | $0 | $0 |
| JOEVAN BULLARD | BOARD TREASURER | 0.50 |
Director
|
$0 | $0 | $0 |
| JOSE HERNANDEZ | BOARD SECRETARY | 0.50 |
Director
|
$0 | $0 | $0 |
| RENITA CRUMP | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| TOMMY FOSKIN | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| RANDY SCOTT | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| WB SMITH | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| LASHAWN THOMPSON | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| JOHN CUMMINGS | PRESIDENT/CEO | 40.00 |
Officer
|
$210,710 | $16,129 | $226,839 |
| JE'NEIL TORRES | SR. VICE PRESIDENT OF FINANCE | 40.00 |
Officer
|
$146,508 | $16,450 | $162,958 |
| ADONA HATFIELD | VICE PRESIDENT OF COMPLIANCE | 40.00 |
Highest
|
$130,489 | $11,923 | $142,412 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $9,234,324 | $8,984,236 | $165,063,363 | $250,088 |
| 2023 | $8,215,604 | $8,297,476 | $162,292,328 | $-81,872 |
| 2022 | $7,876,374 | $8,638,172 | $165,134,391 | $-761,798 |
| 2021 | $8,320,796 | $7,333,394 | $171,090,229 | $987,402 |
| 2020 | $8,421,074 | $7,548,327 | $162,391,234 | $872,747 |
| 2019 | $8,885,113 | $8,736,392 | $154,164,642 | $148,721 |
| 2018 | $9,179,323 | $8,401,535 | $153,464,404 | $777,788 |
Compare MUNICIPAL EMPLOYEES CREDIT UNION OF OKC with other nonprofits in Oklahoma and across the country.