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Nonprofit · EIN 73-6093655

OKLAHOMAS CREDIT UNION

Tax-exempt · OKLAHOMA CITY, OK 73105

Financials

$43.5M$37M2023
Revenue Expenses · by fiscal year end
Financials of OKLAHOMAS CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$43,455,996$36,993,003$6,462,993$795,856,556$710,965,116$84,891,440
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$0
Program service revenue
$38,712,689
Investment income
$4,718,258
Royalties
$5,178
Net rental income
$69,089
Net gain from sales of assets
-$1,268,668
Other revenue
$25,049

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$1,347,010
Other salaries and wages
$9,608,649
Salaries, compensation and benefits (total)
$13,139,533
Professional fundraising fees
$0
Legal fees
$51,797
Accounting fees
$120,000
Occupancy
$619,304
Travel
$26,984
Depreciation
$498,854

Balance sheet and other

Total assets, start of year
$780,486,193
Total assets, end of year
$795,856,556
Total liabilities, end of year
$710,965,116
Net assets, end of year
$84,891,440
Land, buildings and equipment
$13,990,065
Publicly traded securities
$138,999,640
Gross receipts
$62,253,626
Employees
215
Volunteers
0
Year formed
1954
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, 2023, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Luann SchmiedelPresident/CEO
Officer
40$588,264$49,404
Philip SherwinChief Strategy Officer
Officer
40$404,033$23,420
Shane RichinsChief Financial Officer
Officer
40$260,417$21,473
Ronda BaileyChief Lending Officer
Highest-paid employee
40$245,000$29,280
Jennifer LownChief Experience Officer
Highest-paid employee
40$245,917$23,793
Sherlyn SmithChief Operations Officer
Highest-paid employee
40$217,833$27,728
Tricia JonesVP of Marketing & Digial
Highest-paid employee
40$165,458$24,109
Robert SuffieldVP of Commercial Lending
Highest-paid employee
40$129,616$9,217
Mike PattersonBoard Member
Trustee or director
1$0$0
Anthony DelceBoard Memeber
Trustee or director
1$0$0
Todd GriffinBoard Member
Trustee or director
1$0$0
Justin JonesBoard Chairman
Trustee or director
1$0$0
Gary ParsonsBoard Member
Trustee or director
1$0$0
Paul RachelBoard Member
Trustee or director
1$0$0
Randle WhiteBoard Secretary/Treasurer
Trustee or director
1$0$0
2 more people on this return
NameTitleHours / weekCompensation
Richard E ForemanBoard Member
Trustee or director
1$0
Julie BowersBoard Member
Trustee or director
1$0

Address and contacts

Address (IRS master file)
3001 N LINCOLN BLVD, OKLAHOMA CITY, OK 73105-4209
In care of
% MARK W KELLY
Principal officer (990 for 2023)
Luann Schmiedel, 3001 N Lincoln Blvd, Oklahoma City, OK 73105
Signed the 990
Luann Schmiedel, President
Phone
(405) 606-6328

Mission

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

990 for the year ended December 31, 2023

Program accomplishments

  • Providing members with competitive savings and loan products and services so that they can do more with their money.
    Expenses $36,993,002 · revenue $43,455,995

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, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
73-6093655
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1955
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$795,856,556
Income (IRS master file)
$62,253,626

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$43,455,996$36,993,003$795,856,556XML
990December 2022$35,089,977$28,143,704$780,486,193IRS
990December 2021–––IRS
990December 2020–––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 73-6093655).

Questions about OKLAHOMAS CREDIT UNION

What is the EIN of OKLAHOMAS CREDIT UNION?
The employer identification number (EIN) of OKLAHOMAS CREDIT UNION is 73-6093655.
Is OKLAHOMAS CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1955.
Are donations to OKLAHOMAS CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does OKLAHOMAS CREDIT UNION 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 OKLAHOMAS CREDIT UNION 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 OKLAHOMAS CREDIT UNION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of OKLAHOMAS CREDIT UNION?
The 990 for the year ended December 31, 2023 names Luann Schmiedel.
Who are the officers and directors of OKLAHOMAS CREDIT UNION?
The 990 for the year ended December 31, 2023 lists 17 people; 8 received compensation from the organization, the highest $588,264 (Luann Schmiedel, President/CEO).
How much revenue does OKLAHOMAS CREDIT UNION have?
On its 990 for the year ended December 31, 2023 it reported revenue of $43,455,996, expenses of $36,993,003 and total assets of $795,856,556 at year end.

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