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Oklahoma Educators Credit Union

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$17.9M (2023)

Expenses
$14.9M (2023)

Total Assets
$235M (2023)

Total Liabilities
$212M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,887,015
Expenses
$14,883,873
Net Income
$3,003,142
Net Assets
$23,261,909
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,768,887
88.2%
Investment Income $2,011,949
11.2%
Bond Proceeds $0
Royalties $0
Rental Property Income -$186
Net Fundraising $0
Sales of Assets $106,365
0.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,061,660
7.1%
Professional Fundraising Fees $0
Other Salaries and Wages $3,943,698
26.5%
Assets/Debt
Total Assets $235,069,234
Total Liabilities $211,807,325
Net Assets $23,261,909
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Cindy White (President / Ceo) $418,466 $0 $93,041
Trent Vaughn (Senior Vice President) $359,957 $0 $35,757
Bob Herzig (Vice President Of Finance) $185,496 $0 $57,132
Renee Axtell (Board Member) $0 $0 $0
Brenda Bolen (Board Member) $0 $0 $0
Steven Allen (Board Member) $0 $0 $0
Andy Scott (Board Member) $0 $0 $0
Rick Dawkins (Board Member) $0 $0 $0
Jeff Dewitt (Board Member Chairman) $0 $0 $0
Mike Ossenkop (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,834,253
Expenses
$14,832,015
Net Income
$3,002,238
Net Assets
$20,711,769
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,829,346
94.4%
Investment Income $985,419
5.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $8,873
0.0%
Net Fundraising $0
Sales of Assets $10,615
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,033,354
7.0%
Professional Fundraising Fees $0
Other Salaries and Wages $4,114,814
27.7%
Assets/Debt
Total Assets $253,800,311
Total Liabilities $233,088,542
Net Assets $20,711,769
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Cindy White (President / Ceo) $412,686 $0 $57,784
Trent Vaughn (Senior Vice President) $333,014 $0 $34,460
Bob Herzig (Vice President Of Finance) $197,887 $0 $40,858
Renee Axtell (Board Member) $0 $0 $0
Chester Weems (Board Member) $0 $0 $0
Steven Allen (Board Member) $0 $0 $0
James Harrod (Board Member) $0 $0 $0
Rick Dawkins (Board Member) $0 $0 $0
Jeff Dewitt (Board Member Chairman) $0 $0 $0
Mike Ossenkop (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,355,869
Expenses
$13,297,637
Net Income
$3,058,232
Net Assets
$22,666,444
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,976,657
97.7%
Investment Income $357,018
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $22,194
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $989,694
7.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,061,676
23.0%
Assets/Debt
Total Assets $242,039,953
Total Liabilities $219,373,509
Net Assets $22,666,444
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Cindy White (President / Ceo) $390,876 $0 $50,967
Trent Vaughn (Senior Vice President) $296,492 $0 $50,255
Bob Herzig (Vice President Of Finance/Human Resources) $215,579 $0 $31,415
Renee Axtell (Board Member) $0 $0 $0
Chester Weems (Board Member) $0 $0 $0
Steven Allen (Board Member) $0 $0 $0
James Harrod (Board Member Chairman) $0 $0 $0
Rick Dawkins (Board Member) $0 $0 $0
Jeff Dewitt (Board Member) $0 $0 $0
Mike Ossenkop (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,320,509
Expenses
$13,118,986
Net Income
$2,201,523
Net Assets
$20,656,481
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,457,443
94.4%
Investment Income $805,568
5.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $26,508
0.2%
Net Fundraising $0
Sales of Assets $30,990
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $808,060
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,860,957
21.8%
Assets/Debt
Total Assets $215,642,463
Total Liabilities $194,985,982
Net Assets $20,656,481
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Cindy White (President / Ceo) $310,579 $0 $23,783
Trent Vaughn (Senior Vice President) $264,597 $0 $30,777
Bob Herzig (Vice President Of Finance/Human Resources) $147,690 $0 $30,634
Renee Axtell (Board Member) $0 $0 $0
Chester Weems (Board Member) $0 $0 $0
Steven Allen (Board Member) $0 $0 $0
James Harrod (Board Member Chairman) $0 $0 $0
Rick Dawkins (Board Member) $0 $0 $0
Jeff Dewitt (Board Member) $0 $0 $0
Mike Ossenkop (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,990,498
Expenses
$11,990,121
Net Income
$2,000,377
Net Assets
$17,645,859
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,229,835
94.6%
Investment Income $701,540
5.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $19,340
0.1%
Net Fundraising $0
Sales of Assets $39,783
0.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $725,328
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,336,386
19.5%
Assets/Debt
Total Assets $166,993,127
Total Liabilities $149,347,268
Net Assets $17,645,859
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Cindy White (President / Ceo) $356,249 $0 $4,324
Trent Vaughn (Senior Vice President Of M) $211,106 $0 $10,825
Bob Herzig (Vice President Of Finance/) $131,991 $0 $10,831
Dean Niles (Board Member) $0 $0 $0
Chester Weems (Board Member) $0 $0 $0
Steven Allen (Board Member) $0 $0 $0
James Harrod (Board Member) $0 $0 $0
Rick Dawkins (Board Member) $0 $0 $0
Jeff Dewitt (Board Member) $0 $0 $0
Mike Ossenkop (Board Member Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,417,815
Expenses
$9,719,606
Net Income
$1,698,209
Net Assets
$14,824,322
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,875,029
95.2%
Investment Income $540,286
4.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,500
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $588,316
6.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,979,972
20.4%
Assets/Debt
Total Assets $155,955,667
Total Liabilities $141,131,345
Net Assets $14,824,322
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Cindy White (President / Ceo) $205,732 $0 $51,368
Trent Vaughn (Senior Vice President Of Members Services) $147,296 $0 $51,801
Bob Herzig (Vice President Of Finance/Human Resources) $111,884 $0 $31,944
Dean Niles (Board Member) $0 $0 $0
Chester Weems (Board Member) $0 $0 $0
Steven Allen (Board Member) $0 $0 $0
James Harrod (Board Member) $0 $0 $0
Rick Dawkins (Board Member) $0 $0 $0
Tom Fulton (Board Member) $0 $0 $0
Mike Ossenkop (Board Member Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,493,077
Expenses
$7,744,129
Net Income
$1,748,948
Net Assets
$13,290,902
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,064,565
95.5%
Investment Income $428,512
4.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $433,777
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,800,735
23.3%
Assets/Debt
Total Assets $143,905,450
Total Liabilities $130,614,548
Net Assets $13,290,902
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Cindy White (Presidentceo) $195,058 $0 $3,997
Trent Vaughn (Sr Vice President) $135,492 $0 $10,824
Bob Herzig (Vice President) $103,227 $0 $9,628
Dean Niles (Board Member) $0 $0 $0
Chester Weems (Board Member) $0 $0 $0
Steven Allen (Board Member) $0 $0 $0
James Harrod (Board Member) $0 $0 $0
Rick Dawkins (Board Member) $0 $0 $0
Tom Fulton (Board Member) $0 $0 $0
Mike Ossenkop (Board Member Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,526,298
Expenses
$6,278,882
Net Income
$1,247,416
Net Assets
$11,471,309
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,152,992
95.0%
Investment Income $372,379
4.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $927
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $456,347
7.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,469,755
23.4%
Assets/Debt
Total Assets $131,559,259
Total Liabilities $120,087,950
Net Assets $11,471,309
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Cindy White (Presidentceo) $159,696 $0 $5,820
Trent Vaughn (Sr Vice President) $107,757 $0 $8,656
Rodney Eller (Sr Vice President) $107,509 $0 $9,669
Bob Herzig (Vice President) $81,385 $0 $9,355
Dean Niles (Board Member) $0 $0 $0
Chester Weems (Board Member) $0 $0 $0
Steven Allen (Board Member) $0 $0 $0
James Harrod (Board Member) $0 $0 $0
Rick Dawkins (Chairman Of The Board) $0 $0 $0
Tom Fulton (Board Member) $0 $0 $0
Mike Ossenkop (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,694,691
Expenses
$5,242,306
Net Income
$1,452,385
Net Assets
$10,475,094
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,085,553
90.9%
Investment Income $413,685
6.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $195,453
2.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $435,872
8.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,182,082
22.5%
Assets/Debt
Total Assets $120,462,316
Total Liabilities $109,987,222
Net Assets $10,475,094
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Cindy White (President) $149,503 $0 $3,929
Trent Vaughn (Vp Lending) $104,752 $0 $8,933
Rodney Eller (Vp Operations) $100,776 $0 $8,990
Bob Herzig (Vp Finance) $80,841 $0 $8,108
Dean Niles (Board Member) $0 $0 $0
Chris Bolen (Board Member) $0 $0 $0
Steven Allen (Board Member) $0 $0 $0
James Harrod (Board Member) $0 $0 $0
Rick Dawkins (Chairman Of The Board) $0 $0 $0
Tom Fulton (Board Member) $0 $0 $0
Mike Ossenkop (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,271,154
Expenses
$4,161,242
Net Income
$1,109,912
Net Assets
$9,005,682
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,761,408
90.3%
Investment Income $654,138
12.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$144,392
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $365,943
8.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,062,515
25.5%
Assets/Debt
Total Assets $113,875,217
Total Liabilities $104,869,535
Net Assets $9,005,682
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Cindy White (President) $121,964 $0 $3,692
Rodney Eller (Vp Operations) $86,405 $0 $8,512
Trent Vaughn (Vp Lending) $85,490 $0 $6,594
Bob Herzig (Vp Finance) $72,084 $0 $7,555
Dean Niles (Board Member) $0 $0 $0
Chris Bolen (Board Member) $0 $0 $0
Steven Allen (Chairmen Of The Board Of Dire) $0 $0 $0
James Harrod (Board Member) $0 $0 $0
Rick Dawkins (Board Member) $0 $0 $0
Tom Fulton (Board Member) $0 $0 $0
Mike Ossenkop (Board Member Replaced M Ley) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,777,332
Expenses
$3,655,077
Net Income
$122,255
Net Assets
$7,038,524
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,160,259
83.7%
Investment Income $634,887
16.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$17,814
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $412,569
11.3%
Professional Fundraising Fees $0
Other Salaries and Wages $840,810
23.0%
Assets/Debt
Total Assets $110,493,781
Total Liabilities $103,455,257
Net Assets $7,038,524
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Cindy White (President) $101,414 $0 $2,806
Rodney Eller (Vp Operations) $76,704 $0 $8,780
Bob Herzig (Vp Finance) $60,207 $0 $7,667
Trent Vaughn (Vp Lending) $47,542 $0 $3,325
Misti Bly (Vp Memeber Services) $26,328 $0 $2,415
Marvin Leyerle (Board Member Retired In 201) $0 $0 $0
Dean Niles (Board Member) $0 $0 $0
Chris Bolen (Board Member) $0 $0 $0
Steven Allen (Chairmen Of The Board Of Dire) $0 $0 $0
James Harrod (Board Member) $0 $0 $0
Rick Dawkins (Board Member) $0 $0 $0
Tom Fulton (Board Member) $0 $0 $0
Mike Ossenkop (Board Member Replaced M Ley) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,305,054
Expenses
$3,868,234
Net Income
$436,820
Net Assets
$7,707,197
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,153,410
73.2%
Investment Income $894,767
20.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $256,877
6.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $412,569
10.7%
Professional Fundraising Fees $0
Other Salaries and Wages $883,553
22.8%
Assets/Debt
Total Assets $106,089,581
Total Liabilities $98,382,384
Net Assets $7,707,197

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,747,059
Expenses
$4,049,755
Net Income
$697,304
Net Assets
$7,725,577
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,747,059
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $416,101
10.3%
Professional Fundraising Fees $0
Other Salaries and Wages $890,684
22.0%
Assets/Debt
Total Assets $101,738,277
Total Liabilities $94,012,700
Net Assets $7,725,577

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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