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Nonprofit · EIN 73-0366010

MUNICIPAL EMPLOYEES CREDIT UNION OF OKLAHOMA CITY

Tax-exempt · OKLAHOMA CITY, OK 73102

Financials

$8.2M$8.3M2023$9.2M$9M2024
Revenue Expenses · by fiscal year end
Financials of MUNICIPAL EMPLOYEES CREDIT UNION OF OKLAHOMA CITY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$9,234,324$8,984,236$250,088$165,063,363$149,240,284$15,823,079
December 31, 2023990$8,215,604$8,297,476-$81,872$162,292,328$146,763,183$15,529,145
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$5,893,446
Investment income
$1,305,260
Net gain from sales of assets
$7,700
Other revenue
$2,035,618

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$389,797
Other salaries and wages
$2,284,479
Salaries, compensation and benefits (total)
$3,233,540
Professional fundraising fees
$0
Legal fees
$20,952
Accounting fees
$69,720
Occupancy
$334,079
Travel
$16,934
Depreciation
$357,027

Balance sheet and other

Total assets, start of year
$162,292,328
Total assets, end of year
$165,063,363
Total liabilities, end of year
$149,240,284
Net assets, end of year
$15,823,079
Land, buildings and equipment
$2,918,941
Publicly traded securities
$7,178
Gross unrelated business income
$25,165
Gross receipts
$9,234,324
Employees
51
Volunteers
9
Year formed
1934
State of legal domicile
OK

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JOHN CUMMINGSPRESIDENT/CEO
Officer
40$210,710$16,129
JE'NEIL TORRESSR. VICE PRESIDENT OF FINANCE
Officer
40$146,508$16,450
ADONA HATFIELDVICE PRESIDENT OF COMPLIANCE
Highest-paid employee
40$130,489$11,923
WILEY WILLIAMSCHAIRMAN
Trustee or director
0.5$0$0
DEXTER NELSONVICE CHAIRMAN
Trustee or director
0.5$0$0
JOEVAN BULLARDBOARD TREASURER
Trustee or director
0.5$0$0
JOSE HERNANDEZBOARD SECRETARY
Trustee or director
0.5$0$0
RENITA CRUMPBOARD MEMBER
Trustee or director
0.5$0$0
TOMMY FOSKINBOARD MEMBER
Trustee or director
0.5$0$0
RANDY SCOTTBOARD MEMBER
Trustee or director
0.5$0$0
WB SMITHBOARD MEMBER
Trustee or director
0.5$0$0
LASHAWN THOMPSONBOARD MEMBER
Trustee or director
0.5$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
JE'NEIL TORRESSR. VICE PRESIDENT OF FINA
Officer
40$152,040$20,847
JOHN CUMMINGSPRESIDENT/CEO
Officer
40$149,322$19,705
ADONA HATFIELDVICE PRESIDENT OF COMPLIANCE
Highest-paid employee
40$115,171$2,063
WILEY WILLIAMSCHAIRMAN
Trustee or director
0.5$0$0
DEXTER NELSONVICE CHAIRMAN
Trustee or director
0.5$0$0
JOEVAN BULLARDBOARD TREASURER
Trustee or director
0.5$0$0
JOSE HERNANDEZBOARD SECRETARY
Trustee or director
0.5$0$0
RENITA CRUMPBOARD MEMBER
Trustee or director
0.5$0$0
TOMMY FOSKINBOARD MEMBER
Trustee or director
0.5$0$0
RANDY SCOTTBOARD MEMBER
Trustee or director
0.5$0$0
WB SMITHBOARD MEMBER
Trustee or director
0.5$0$0
LASHAWN THOMPSONBOARD MEMBER
Trustee or director
0.5$0$0

Address and contacts

Address (IRS master file)
101 N WALKER AVE, OKLAHOMA CITY, OK 73102-2229
Principal officer (990 for 2024)
TROY HOOBLER, 101 NORTH WALKER AVENUE, OKLAHOMA CITY, OK 731022229
Signed the 990
TROY HOOBLER, VICE PRESIDENT OF ACCOUNTING
Phone
(405) 813-5500
Return prepared by
HOGANTAYLOR LLP

Mission

MUNICIPAL EMPLOYEES CREDIT UNION OF OKC STRIVES TO HELP MEMBERS WITH A QUALITY FINANCIAL PRODUCT AND SERVE THEIR INDIVIDUAL NEEDS WITH MULTIPLE OPTIONS.

990 for the year ended December 31, 2024

Program accomplishments

  • 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 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.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
73-0366010
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1968
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$165,063,363
Income (IRS master file)
$9,234,324

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$9,234,324$8,984,236$165,063,363XML
990December 2023$8,215,604$8,297,476$162,292,328XML
990December 2022$7,876,374$8,638,172$165,134,391IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 73-0366010).

Questions about MUNICIPAL EMPLOYEES CREDIT UNION OF OKLAHOMA CITY

What is the EIN of MUNICIPAL EMPLOYEES CREDIT UNION OF OKLAHOMA CITY?
The employer identification number (EIN) of MUNICIPAL EMPLOYEES CREDIT UNION OF OKLAHOMA CITY is 73-0366010.
Is MUNICIPAL EMPLOYEES CREDIT UNION OF OKLAHOMA CITY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1968.
Are donations to MUNICIPAL EMPLOYEES CREDIT UNION OF OKLAHOMA CITY tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MUNICIPAL EMPLOYEES CREDIT UNION OF OKLAHOMA CITY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MUNICIPAL EMPLOYEES CREDIT UNION OF OKLAHOMA CITY due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MUNICIPAL EMPLOYEES CREDIT UNION OF OKLAHOMA CITY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MUNICIPAL EMPLOYEES CREDIT UNION OF OKLAHOMA CITY?
The 990 for the year ended December 31, 2024 names TROY HOOBLER.
Who are the officers and directors of MUNICIPAL EMPLOYEES CREDIT UNION OF OKLAHOMA CITY?
The 990 for the year ended December 31, 2024 lists 12 people; 3 received compensation from the organization, the highest $210,710 (JOHN CUMMINGS, PRESIDENT/CEO).
How much revenue does MUNICIPAL EMPLOYEES CREDIT UNION OF OKLAHOMA CITY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $9,234,324, expenses of $8,984,236 and total assets of $165,063,363 at year end.

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