OKLAHOMAS CREDIT UNION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1954

Legal Domicile

Principal Officer

Luann Schmiedel

Phone

4056066328

Tax Period

2023-01-01 to 2023-12-31

OKLAHOMAS CREDIT UNION, founded in 1954, is a mid-sized nonprofit that reported $43.5M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $37.0M left a modest 15% surplus.

Mission

Providing members with competitive savings and loan products and services so that they can do more with their money.

Program Service Accomplishments

Program 1

Expenses: $36,993,002 Revenue: $43,455,995

Providing members with competitive savings and loan products and services so that they can do more with their money.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $38,712,689

Investment Income $4,718,258

Other Revenue $25,049

TOTAL REVENUE $43,455,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,139,533

Fundraising Expenses $0

Program Expenses $36,993,002

Other Expenses $23,853,470

TOTAL EXPENSES $36,993,003

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,455,996	$35,089,977	+0.2%
Expenses	$36,993,003	$28,143,704	+0.3%
Net Income	$6,462,993	$6,946,273	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

215

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,347,011

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Luann Schmiedel	President/CEO	40	Officer	$588,264	$49,404	$637,668
Philip Sherwin	Chief Strategy Officer	40	Officer	$404,033	$23,420	$427,453
Shane Richins	Chief Financial Officer	40	Officer	$260,417	$21,473	$281,890
Ronda Bailey	Chief Lending Officer	40	Highest	$245,000	$29,280	$274,280
Jennifer Lown	Chief Experience Officer	40	Highest	$245,917	$23,793	$269,710
Sherlyn Smith	Chief Operations Officer	40	Highest	$217,833	$27,728	$245,561
Tricia Jones	VP of Marketing & Digial	40	Highest	$165,458	$24,109	$189,567
Robert Suffield	VP of Commercial Lending	40	Highest	$129,616	$9,217	$138,833
Mike Patterson	Board Member	1	Director	$0	$0	$0
Anthony Delce	Board Memeber	1	Director	$0	$0	$0
Todd Griffin	Board Member	1	Director	$0	$0	$0
Justin Jones	Board Chairman	1	Director	$0	$0	$0
Gary Parsons	Board Member	1	Director	$0	$0	$0
Paul Rachel	Board Member	1	Director	$0	$0	$0
Randle White	Board Secretary/Treasurer	1	Director	$0	$0	$0
Richard E Foreman	Board Member	1	Director	$0	$0	$0
Julie Bowers	Board Member	1	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$43,455,996	$36,993,003	$795,856,556	$6,462,993
2022	$35,089,977	$28,143,704	$780,486,193	$6,946,273
2021	$32,235,785	$24,515,442	$721,352,699	$7,720,343
2020	$32,680,789	$26,578,890	$640,525,305	$6,101,899
2019	$27,815,062	$23,309,651	$554,169,771	$4,505,411
2018	$24,413,992	$20,053,969	$514,947,178	$4,360,023