OKLAHOMA CITY, OK
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TRUE SKY CREDIT UNION, founded in 1946, is a mid-sized nonprofit that reported $47.3M in total revenue in fiscal year 2021. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $43.1M left a modest 9% surplus.
PROVIDING HIGH QUALITY SERVICE TO EMPOWER OUR MEMBERS AND ENRICH THEIR LIVES.
AT THE CORE OF TRUE SKY CREDIT UNION, IS THE MEMBERSHIP SHARE PROGRAMS. TRUE SKY CU MEMBERS ENJOY A WIDE VARIETY OF SAVINGS PROGRAMS INCLUDING TRADITIONAL SAVINGS ACCOUNTS, SHARE CERTIFICATES...
AT THE CORE OF TRUE SKY CREDIT UNION, IS THE MEMBERSHIP SHARE PROGRAMS. TRUE SKY CU MEMBERS ENJOY A WIDE VARIETY OF SAVINGS PROGRAMS INCLUDING TRADITIONAL SAVINGS ACCOUNTS, SHARE CERTIFICATES (CD'S)-CONSISTING OF FLEXIBLE TERMS THAT MEET THEIR INDIVIDUAL SAVINGS LIFESTYLE; RANGING FROM 3 TO 60 MONTHS, IRAS (TRADITIONAL, ROTH, SEP) CONSISTS OF CERTIFICATES AS WELL AS INDIVIDUAL SHARES, MONEY MARKET SHARE ACCOUNTS THAT PAY A HIGHER INTEREST RATE FOR HIGHER BALANCES AND A REWARDS CHECKING (OPTIMUM CHECKING ACCOUNT) THAT PAYS A HIGHLY COMPETITIVE RATE ON BALANCES UP TO $40,000 IF CERTAIN REQUIREMENTS ARE MET. EACH MEMBER INVESTS $5 IN TRUE SKY CREDIT UNION WITH THEIR MEMBERSHIP SHARE. THIS $5 MEMBERSHIP SHARE GUARANTEES THAT EACH MEMBER HAS THE SAME VOICE IN THE LEADERSHIP OF THE CREDIT UNION BY ONE MEMBER - ONE VOTE.
IN ADDITION TO OFFERING A WIDE VARIETY OF MEMBER SAVING PRODUCTS, TRUE SKY CREDIT UNION HAS DEVELOPED VENDOR RELATIONSHIPS THAT ASSIST US IN THE DAY TO DAY OPERATIONS OF THE CREDIT UNION. THIS...
IN ADDITION TO OFFERING A WIDE VARIETY OF MEMBER SAVING PRODUCTS, TRUE SKY CREDIT UNION HAS DEVELOPED VENDOR RELATIONSHIPS THAT ASSIST US IN THE DAY TO DAY OPERATIONS OF THE CREDIT UNION. THIS SUPPORT IS VITAL TO TRUE SKY CU WHICH ALLOWS US TO OFFER 24 HOUR BANKING (INTERNET AND MOBILE BANKING), CREDIT UNION SHARED SERVICE CENTER ACCESS VIA THE COOP NETWORK PLATFORM AND SWITCH FEES, DEBIT CARD PROCESSING (VISA FEES, TRANSACTION FEES, CARD STOCK, ATM FEES) AND DATA PROCESSING FEES (CORE SYSTEM MAINTENANCE-CONNECTIVITY FEES, INCLUDING APIS, INTERFACES, ETC.), AND VARIOUS OTHER VENDOR FEES. THE EXPERTISE OF THE SERVICES PROVIDED BY THESE VENDORS ALLOW TRUE SKY CREDIT UNION TO CONDUCT OUR MEMBER TRANSACTIONS SEAMLESSLY AND EFFICIENTLY.
TRUE SKY CREDIT UNION OFFERS A PLETHORA OF LOAN PRODUCTS THAT ARE DESIGNED TO MEET THE INDIVIDUAL NEEDS OF ITS MEMBERSHIP. WHETHER IT BE THE "DREAM HOME", CLASSIC MUSCLE CAR, STORM SHELTER OR USING A...
TRUE SKY CREDIT UNION OFFERS A PLETHORA OF LOAN PRODUCTS THAT ARE DESIGNED TO MEET THE INDIVIDUAL NEEDS OF ITS MEMBERSHIP. WHETHER IT BE THE "DREAM HOME", CLASSIC MUSCLE CAR, STORM SHELTER OR USING A CREDIT CARD TO TAKE THE FAMILY TO DISNEYWORLD, TRUE SKY CREDIT UNION IS THEIR FINANCIAL DREAM PROVIDER. SO THAT TRUE SKY CU CAN FINANCE OUR MEMBER'S DREAMS, THERE ARE COSTS ASSOCIATED WITH THESE LOAN PRODUCTS. TRUE SKY CU IS A PROUD PROVIDER OF VISA PRODUCTS AND WITH THIS RELATIONSHIP THERE ARE FRAUD EXPENSES. COMPROMISED CARDS OCCUR ALMOST DAILY. DATA BREACHES PLAGUE THE NEWS HEADLINES AND UNFORTUNATELY THE INSTITUTIONS BEAR THIS FINANCIAL BURDEN. THERE ARE ALSO FEES ASSOCIATED WITH VISA, AS WELL AS TRANSACTION COST, CARD STOCK AND NETWORK COSTS. TO BE COMPETITIVE, TRUE SKY CREDIT UNION DOES OFFER REWARD CREDIT CARDS.
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)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $47,281,663 | $34,205,550 | +0.4% |
| Expenses | $43,146,836 | $32,973,759 | +0.3% |
| Net Income | $4,134,827 | $1,231,791 | +2.4% |
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 |
|---|---|---|---|---|---|---|
| TANYA R CHILDRESS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JUDY RICHEY | CHAIRPERSON | 1.00 |
Director
|
$0 | $0 | $0 |
| TERRY DAVIDSON | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDA LINDSEY | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN E CARREL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GREG HILL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LANCE MAXWELL | VICE CHAIRPERSON | 1.00 |
Director
|
$0 | $0 | $0 |
| SEAN M CAHILL | PRESIDENT/CEO | 40.00 |
Officer
|
$544,611 | $37,188 | $581,799 |
| LYLE Y MIYAMURA | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$120,215 | $4,328 | $124,543 |
| THOMAS A MICHAUD | VP OF IT | 40.00 |
Highest
|
$147,601 | $12,945 | $160,546 |
| TOBY RAGAINI | CHIEF INFORMATION OFFICER | 40.00 |
Highest
|
$190,421 | $26,160 | $216,581 |
| JULIE GAMBLIN | CHIEF ADMINISTRATION OFFIC | 40.00 |
Highest
|
$258,811 | $28,311 | $287,122 |
| MICHAEL SHOCKLEY | VP OF CONSUMER LENDING | 40.00 |
Highest
|
$178,642 | $18,692 | $197,334 |
| CRAIG PAVLICH | CHIEF OPERATIONS OFFICER | 40.00 |
Highest
|
$152,518 | $19,165 | $171,683 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $47,281,663 | $43,146,836 | $831,301,668 | $4,134,827 |
| 2020 | $34,205,550 | $32,973,759 | $766,194,191 | $1,231,791 |
| 2019 | $31,459,192 | $29,132,616 | $645,797,421 | $2,326,576 |
| 2018 | $26,902,591 | $25,099,761 | $587,534,365 | $1,802,830 |
Compare TRUE SKY CREDIT UNION with other nonprofits in Oklahoma and across the country.