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OKLAHOMAS CREDIT UNION

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Public IRS 990 nonprofit record

OKLAHOMAS CREDIT UNION

EIN 73-6093655 · Mutual & Membership Benefit (Y)

What they do

Providing Members With Competitive Savings and Loan Products and Services So That They Can Do More With Their Money.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders17 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

85.13%of revenue went to mission work100.0% of expenses · Program services
$85.13spent for every $100 of revenueRevenue covered expenses this year.
$21.51in assets for every $1 spent this yearSome assets cannot be spent right away.
0.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $637,668 for LUANN SCHMIEDEL (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$43,455,996
Mission workProgram services$36,993,00285.13% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$6,462,99314.87% of revenueShown in gray on the chart
Total expenses$36,993,00385.13% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2023CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 85.13% of revenue
2022Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 80.20% of revenue
2021Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 76.05% of revenue
2020Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 81.33% of revenue
2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 83.80% of revenue
2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 82.14% of revenue
2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 84.68% of revenue
2016Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 83.19% of revenue

Money in and money out

Revenue$43,455,996
Expenses$36,993,003
Annual surplus $6,462,993 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$36,993,002 · 100.0% of expenses
See all reported dollar amounts
Revenue$43,455,996
Expenses$36,993,003
Assets$795,856,556
Income$62,253,626
Contributions$500
Mission work (program services)$36,993,002
Stocks and bonds$138,999,640
Accounting fees$120,000
People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
LUANN SCHMIEDELPRESIDENT/CEO · 40 hrs/week $637,668Base $588,264 · Other $49,404
PHILIP SHERWINCHIEF STRATEGY OFFICER · 40 hrs/week $427,453Base $404,033 · Other $23,420
SHANE RICHINSCHIEF FINANCIAL OFFICER · 40 hrs/week $281,890Base $260,417 · Other $21,473
RONDA BAILEYCHIEF LENDING OFFICER · 40 hrs/week $274,280Base $245,000 · Other $29,280
JENNIFER LOWNCHIEF EXPERIENCE OFFICER · 40 hrs/week $269,710Base $245,917 · Other $23,793
SHERLYN SMITHCHIEF OPERATIONS OFFICER · 40 hrs/week $245,561Base $217,833 · Other $27,728
TRICIA JONESVP OF MARKETING & DIGIAL · 40 hrs/week $189,567Base $165,458 · Other $24,109
ROBERT SUFFIELDVP OF COMMERCIAL LENDING · 40 hrs/week $138,833Base $129,616 · Other $9,217

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (17)

LUANN SCHMIEDELPRESIDENT/CEO

PHILIP SHERWINCHIEF STRATEGY OFFICER

SHANE RICHINSCHIEF FINANCIAL OFFICER

RONDA BAILEYCHIEF LENDING OFFICER

JENNIFER LOWNCHIEF EXPERIENCE OFFICER

SHERLYN SMITHCHIEF OPERATIONS OFFICER

TRICIA JONESVP OF MARKETING & DIGIAL

ROBERT SUFFIELDVP OF COMMERCIAL LENDING

PAUL RACHELBOARD MEMBER

MIKE PATTERSONBOARD MEMBER

RANDLE WHITEBOARD SECRETARY/TREASURER

RICHARD E FOREMANBOARD MEMBER

JUSTIN JONESBOARD CHAIRMAN

JULIE BOWERSBOARD MEMBER

GARY PARSONSBOARD MEMBER

TODD GRIFFINBOARD MEMBER

ANTHONY DELCEBOARD MEMEBER

About this charity

Recognized since
January 1955
Location
3001 N LINCOLN BLVD, OKLAHOMA CITY, OK 73105-4209
County
Oklahoma
In care of
% MARK W KELLY
Primary officer
Luann Schmiedel, President

How to reach them

Filing and classification

Latest tax year
2023
Tax period began
January 1, 2023
Return type
990
NTEE classification
Mutual & Membership Benefit (Y)
IRS tax category
Mutual & Membership Benefit

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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