2024-04-10T16:06:20-05:00 2023-12-31 731413977 HOGANTAYLOR LLP 1225 N BROADWAY AVENUE SUITE 200 OKLAHOMA CITY OK 73103 990 2023-01-01 730366010 MUNICIPAL EMPLOYEES CREDIT UNION OF OKC MUNI 4058135500 101 NORTH WALKER AVENUE OKLAHOMA CITY OK 731022229 JE'NEIL TORRES VICE PRESIDENT OF FINANCE 4058135500 2024-04-08 1 JENEIL TORRES 999009999 0 ASHLEY M FOGLE P01258800 4058482020 2024-04-03 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z JE'NEIL TORRES 101 NORTH WALKER AVENUE OKLAHOMA CITY OK 731022229 8215604 0 X WWW.MECUOKC.ORG X 1934 OK MUNICIPAL EMPLOYEES CREDIT UNION OF OKC PROVIDES PRUDENT AND PRODUCTIVE FINANCIAL SERVICES TO OUR MEMBERSHIP WHILE MAINTAINING A SOUND FINANCIAL INSTITUTION. 9 9 67 9 13275 0 0 0 5232983 5324699 147528 787981 2495863 2102924 7876374 8215604 0 0 0 0 3459726 2935858 0 0 0 5178446 5361618 8638172 8297476 -761798 -81872 165134391 162292328 149561997 146763183 15572394 15529145 MUNICIPAL EMPLOYEES CREDIT UNION OF OKC STRIVES TO HELP MEMBERS WITH A QUALITY FINANCIAL PRODUCT AND SERVE THEIR INDIVIDUAL NEEDS WITH MULTIPLE OPTIONS. 0 0 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. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1725 0 1 67 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 0 1 0 1 1 1 0 OK X JE'NEIL TORRES 4058135500 101 NORTH WALKER AVENUE OKLAHOMA CITY OK 731022229 WILEY WILLIAMS CHAIRMAN 0.50 X 0 0 0 DEXTER NELSON VICE CHAIRMAN 0.50 X 0 0 0 JOEVAN BULLARD BOARD TREASURER 0.50 X 0 0 0 JOSE HERNANDEZ BOARD SECRETARY 0.50 X 0 0 0 RENITA CRUMP BOARD MEMBER 0.50 X 0 0 0 TOMMY FOSKIN BOARD MEMBER 0.50 X 0 0 0 RANDY SCOTT BOARD MEMBER 0.50 X 0 0 0 WB SMITH BOARD MEMBER 0.50 X 0 0 0 LASHAWN THOMPSON BOARD MEMBER 0.50 X 0 0 0 JOHN CUMMINGS PRESIDENT/CEO 40.00 X 149322 0 19705 JE'NEIL TORRES SR. VICE PRESIDENT OF FINA 40.00 X 152040 0 20847 ADONA HATFIELD VICE PRESIDENT OF COMPLIANCE 40.00 X 115171 0 2063 416533 0 42615 3 0 1 0 OASIS TECHNOLOGIES INC PO BOX 272015 OKLAHOMA CITY OK 73102 IT SERVICES 199344 LYTLE SOULE & CURLEE 119 N ROBINSON AVE SUITE 1200 OKLAHOMA CITY OK 73137 LEGAL SERVICES 118787 2 INCOME FROM LOANS 522100 5324699 5324699 5324699 787981 787981 FEES AND CHARGES 522100 2039034 2039034 MISC. OPERATING INCOME 522100 58288 45013 13275 OTHER MISCELLSNEOUS IN 522100 5602 5602 2102924 8215604 7414348 13275 787981 341914 2126913 62215 206306 198510 32376 54193 184819 162643 249170 847142 303643 9859 21765 1491579 443100 77929 CREDIT CARD EXPENSE 587877 LOAN SERVICING FEES 363274 SHARED SERVICE CENTER 129869 COLLECTIONS EXPENSE 126747 275633 8297476 867232 749171 3237000 2739000 5627662 5848674 137557554 117220785 1432310 682808 6571767 3801703 2615846 2770064 31114 17961 11900754 30450243 1864919 1813622 165134391 162292328 1548548 846458 148013449 145916725 149561997 146763183 X 0 0 0 0 15572394 15529145 15572394 15529145 165134391 162292328 -81872 38623 0 X 0 0 0 0 1 X 758436 758436 3903317 2703712 1199605 1910014 1097991 812023 2770064 CUSC SHARE OF STOCK 50000 F FEDERAL HOME LOAN DEMAND ACCOUNT 4186 F SOUTHWEST CORP C.U. 26031320 F FEDERAL HOME LOAN BANK STOCK 180900 F MEMBERSHIP IN CORPORATE 276213 F SERP INVESTMENT 3906463 F SHARED BRANCHING 1161 F 30450243 TAXES PAYABLE 6100 MEMBER DEPOSITS & ACCOUNTS 145910625 145916725 PART IV, LINE 2B: THE CREDIT UNION'S ESCROW ACCOUNT IS USED TO HOLD FUNDS FOR HOMEOWNERS INSURANCE AND PROPERTY TAXES FOR MEMBERS' MORTGAGE LOANS. X X 0 0 0 JE'NEIL TORRES SR. VICE PRESIDENT OF FINA 139540 0 12500 0 0 0 9842 0 11005 0 172887 0 0 0 JOHN CUMMINGS PRESIDENT/CEO 149322 0 0 0 0 0 8700 0 11005 0 169027 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A CREDIT UNION COMPOSED OF MEMBERS WHO ELECT THE GOVERNING BODY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION IS A CREDIT UNION COMPOSED OF MEMBERS WHO ELECT THE GOVERNING BODY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 11B NO COPY OF FORM 990 WAS PROVIDED TO THE CREDIT UNION'S GOVERNING BODY BEFORE IT WAS FILED. HOWEVER, FORM 990 IS REVIEWED BY THE VICE PRESIDENT OF FINANCE PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH REGULAR INTERNAL AUDITS AND INTERNAL CONTROLS. THE ADMINISTRATIVE SECRETARY AND THE IT DEPARTMENT MAKE SURE THAT NO EMPLOYEE CAN DO ANY MAINTENANCE OR TRANSACTIONS ON THEIR ACCOUNTS OR FAMILY MEMBER'S ACCOUNTS. ALL LOANS ARE AUDITED TO MAKE SURE THAT THE APPROPRIATE PERSON HAS APPROVED THE LOAN, AND EMPLOYEES ARE PROHIBITED FROM HOLDING A JOINT MEMBER ACCOUNT. IN ADDITION, THE CREDIT UNION HAS A COMPREHENSIVE WRITTEN CODE OF ETHICS AND RULES FOR CORPORATE GOVERNANCE, AND PROHIBIT EMPLOYEES FROM SOLICITING FOR THEIR OWN PERSONAL BUSINESSES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE ORGANIZATION'S OFFICERS OR KEY EMPLOYEES ARE DETERMINED THROUGH ANNUAL REVIEWS, DOCUMENTATION ON TRAINING AND EDUATION, MEETING GOALS, AND SALARY SURVEYS. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBIES OF EACH BRANCH. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE PROVIDED UPON REQUEST.