TULSA, OK
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)OKLAHOMA CENTRAL CREDIT UNION, founded in 1941, is a mid-sized nonprofit that reported $34.9M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.9M, a strong 20% operating margin.
OKLAHOMA CENTRAL CREDIT UNION (THE CREDIT UNION) IS A 501(C)(14), STATE-CHARTERED CREDIT UNION. THE CREDIT UNION PROVIDES CONSUMER AND BUSINESS FINANCIAL SERVICES TO INCLUDE DEPOSIT ACCOUNTS, INVESTMENTS, AND LOANS. OUR MISSION IS TO MAKE A DIFFERENCE IN THE LIVES OF OUR EMPLOYEES, MEMBERS, AND THE COMMUNITIES WE SERVE.
PROMOTE SAVINGS AND PROVIDE FINANCIAL SERVICES TO MEMBER/OWNERS - OVERALL DEPOSIT BALANCES DECREASED IN 2023 BY $30M OR 4.88% OVER THE PREVIOUS YEAR. SOME OF THE SAVINGS CATEGORY CHANGES DURING THE...
PROMOTE SAVINGS AND PROVIDE FINANCIAL SERVICES TO MEMBER/OWNERS - OVERALL DEPOSIT BALANCES DECREASED IN 2023 BY $30M OR 4.88% OVER THE PREVIOUS YEAR. SOME OF THE SAVINGS CATEGORY CHANGES DURING THE YEAR WERE: SAVINGS DECREASED BY $23M (9.86%); REGULAR CERTIFICATES INCREASED BY $18M (26.19%); CHECKING DECREASED $4.9M (3.21%); IRAS (SAVINGS AND CERTIFICATES) INCREASED $395K (.87%), AND MONEY MARKET DECREASED $21M (16.49%). IN TOTAL, THIS REPRESENTS 68,998 ACCOUNTS FROM A MEMBERSHIP TOTAL OF 43,452 WITH AN AVERAGE SAVINGS OF $13,723 PER MEMBER. THE MOMENTUM CHECKING ACCOUNT CONTINUED TO BE POPULAR DURING 2023 AND GENERATED 1,492 NEW ACCOUNTS. OUR LOW-FEE COMMERCIAL CHECKING ACCOUNT CREATED 78 NEW ACCOUNTS. THE CREDIT UNION CONTINUED INVOLVEMENT IN THE SHARED BRANCHING NETWORK AND OFFERS 5 CONVENIENT LOCATIONS TO OUR MEMBERSHIP. OUR FINANCIAL WELLNESS 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. A FINANCIAL LITERACY PROGRAM OFFERED SEMINARS TO MEMBERS COVERING A WIDE ARRAY OF TOPICS DESIGNED TO HELP MEMBERS BETTER MANAGE THEIR PERSONAL FINANCES.
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...
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 2023, THE CREDIT UNION APPROVED 3,585 LOAN REQUESTS FOR OVER $87M. A TOTAL OF 316 REAL ESTATE LOANS WERE APPROVED WITH A DOLLAR AMOUNT OF $26M. THE CREDIT UNION IS IN ITS SIXTEENTH YEAR OF COMMERCIAL LENDING AS A DIRECT RESPONSE TO OUR SMALL BUSINESS OWNERS' REQUESTS FOR FINANCIAL SERVICES. PRODUCT OFFERINGS ALSO INCLUDE SHORT TERM (7-YEAR) MORTGAGE LOANS. THE CREDIT UNION CONTINUES OFFERING HOME PROTECTION LOANS (STORM SHELTERS, GENERATORS, ETC.) AT A LOW INTEREST RATE TO HELP MEMBERS AFFORD THE COSTLY EXPENSE OF ADDING THESE ITEMS.
COMMUNITY INVOLVEMENT: OKLAHOMA CENTRAL CREDIT UNION CONTINUES TO SUPPORT AND BE ACTIVE IN THE COMMUNITIES WE SERVE. IN 2023, OKLAHOMA CENTRAL SPONSORED OR WAS INVOLVED IN THE FOLLOWING: 1) CREDIT...
COMMUNITY INVOLVEMENT: OKLAHOMA CENTRAL CREDIT UNION CONTINUES TO SUPPORT AND BE ACTIVE IN THE COMMUNITIES WE SERVE. IN 2023, OKLAHOMA CENTRAL SPONSORED OR WAS INVOLVED IN THE FOLLOWING: 1) CREDIT UNION YOUTH MONTH ENCOURAGING YOUTH TO SET GOALS AND PLAN FOR THEIR FINANCIAL FUTURES THROUGH YOUTH SAVINGS ACCOUNTS. 2) CONTRIBUTED OVER $40K TO THE OKLAHOMA CENTRAL FOUNDATION. THIS MONEY WAS USED TO FUND FINANCIAL LITERACY, SCHOLARSHIPS, LOCAL TEACHER SUPPORT AND SCHOOL TECHNOLOGY. 3) THE CREDIT UNION ONCE AGAIN ALLOWED 40 PAID HOURS OF COMMUNITY SERVICE TO GIVE BACK TO THE COMMUNITY. BY YEAR END 2023, EMPLOYEES CONTRIBUTED 2152 HOURS TO VARIOUS ORGANIZATIONS. 4) OKLAHOMA CENTRAL MADE FINANCIAL DONATIONS THROUGH A REFER-A-FRIEND PROGRAM TO ORGANIZATIONS SUCH AS DVIS, FAMILY & CHILDREN'S SERVICES, ST. FRANCIS CHILDREN'S HOSPITAL AND JOHN 3:16 MISSION.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $34,863,456 | $26,582,769 | +0.3% |
| Expenses | $28,010,061 | $22,766,019 | +0.2% |
| Net Income | $6,853,395 | $3,816,750 | +0.8% |
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 |
|---|---|---|---|---|---|---|
| TIM HILLE | CHAIRPERSON | 1.00 |
Director
|
$0 | $0 | $0 |
| JOEL DOLLAR | VICE CHAIRPERSON | 1.00 |
Director
|
$0 | $0 | $0 |
| PENNY CHEFFEY | SECRETARY/TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDY MURPHREE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANNE DORMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SUSAN PHELPS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN KUSHNERICK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| EUGENIA WILSON | PRESIDENT/CEO | 40.00 |
Officer
|
$447,789 | $167,371 | $615,160 |
| WILLIAM JOLIN | CFO | 40.00 |
Officer
|
$177,765 | $10,650 | $188,415 |
| SHELLI SCHROEDER | EVP COO | 40.00 |
Officer
|
$217,654 | $24,243 | $241,897 |
| KATRINA MORTON | VP OF LENDING | 40.00 |
Highest
|
$151,838 | $18,521 | $170,359 |
| JOYCE WHITE | VP OF ACCOUNTING | 40.00 |
Highest
|
$143,659 | $13,175 | $156,834 |
| JEREMY LIPPIATT | VP OF INTEGRATED TECHNOLOGY | 40.00 |
Highest
|
$136,491 | $12,279 | $148,770 |
| ALLEN COFFER | VP OF STRATEGIC & INNOVATION | 40.00 |
Highest
|
$120,653 | $11,867 | $132,520 |
| MARGUERITE VAVRICK | DIRECTOR OF HUMAN SERVICES | 40.00 |
Highest
|
$114,671 | $16,712 | $131,383 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $34,863,456 | $28,010,061 | $672,849,029 | $6,853,395 |
| 2022 | $26,582,769 | $22,766,019 | $692,106,442 | $3,816,750 |
| 2021 | $26,539,012 | $22,526,783 | $713,131,238 | $4,012,229 |
| 2020 | $28,267,614 | $24,975,455 | $662,316,829 | $3,292,159 |
| 2019 | $29,411,171 | $27,068,863 | $580,520,428 | $2,342,308 |
| 2018 | $27,287,380 | $26,470,285 | $554,749,561 | $817,095 |
Compare OKLAHOMA CENTRAL CREDIT UNION with other nonprofits in Oklahoma and across the country.