Ttcu Federal Credit Union
- Assets
- $2.7b
- Revenue
- $133.1m
- Investments
- $98.6k
- Employees
- 507
- Location
- Tulsa, OK
- Founding
- 06/1970
- Data as of
- 12/2022
- EIN
- 73-0489468
Organization Overview
Ttcu Federal Credit Union is located in Tulsa, OK. The organization was established in 1970. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Ttcu Federal Credit Union employed 507 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ttcu Federal Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2022, Ttcu Federal Credit Union generated $133.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $108.3m during the year ending 12/2022. While expenses have increased by 6.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENRICHING LIFE THROUGH FINANCIAL LEADERSHIP. WE ARE THE TRUSTED SOURCE FOR FINANCIAL SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEDERAL CHARTERED CREDIT UNION, EXEMPT BY FEDERAL STATUTE, ESTABLISHED TO PROVIDE SPECIFIC FINANCIAL SERVICES TO ITS MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Pittman Chairperson | Trustee | 2 | $0 |
Saundra Ford Vice Chair | Trustee | 2 | $0 |
Bobbie Booker Secretary/treasurer | Trustee | 2 | $0 |
Jesse Guardiola Director | Trustee | 2 | $0 |
Andrew Mckenzie Director | Trustee | 2 | $0 |
Dr Clark Ogilvie Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $108,581,056 |
| Investment income | $22,695,479 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $261,755 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $133,134,876 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,818,097 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,108,682 |
| Pension plan accruals and contributions | $3,350,384 |
| Other employee benefits | $4,833,286 |
| Payroll taxes | $2,384,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,846,408 |
| Fees for services: Accounting | $86,992 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,382,381 |
| Advertising and promotion | $4,027,085 |
| Office expenses | $2,062,519 |
| Information technology | $12,000,714 |
| Royalties | $0 |
| Occupancy | $2,600,093 |
| Travel | $671,087 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $300,192 |
| Interest | $6,114,797 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,962,953 |
| Insurance | $320,526 |
| All other expenses | $220,541 |
| Total functional expenses | $108,346,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,248,326 |
| Savings and temporary cash investments | $42,191,515 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $334,604 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,655,374,487 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,958,588 |
| Net Land, buildings, and equipment | $73,923,854 |
| Investments—publicly traded securities | $798,509,933 |
| Investments—other securities | $98,610 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,382,145 |
| Total assets | $2,684,022,062 |
| Accounts payable and accrued expenses | $51,112,021 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $353,070,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,051,557,895 |
| Total liabilities | $2,455,740,116 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $228,281,946 |
| Total liabilities and net assets/fund balances | $2,684,022,062 |