Ttcu Federal Credit Union
- Assets
- $2.6b
- Revenue
- $123.2m
- Investments
- $98.6k
- Employees
- 571
- Location
- Tulsa, OK
- Founding
- 06/1970
- Data as of
- 12/2021
- 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 12/2021, Ttcu Federal Credit Union employed 571 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 12/2021, Ttcu Federal Credit Union generated $123.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $91.3m during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 7 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
2021
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 |
|---|---|---|---|
Timothy Lyons President & CEO | Officer | 45 | $745,548 |
Charles Chastain Exec. Vp/senior Presidential Advisor | Officer | 45 | $348,787 |
Shelby Beil Chief Financial Officer/technology Officer | Officer | 45 | $347,423 |
Stephanie Jones Chief Administrative Officer | Officer | 45 | $292,136 |
Daniel Newberry Exec. Vp/chief Operating Officer | Officer | 45 | $267,917 |
Gregory Heckenkemper Mortgage Loan Originator | 40 | $252,045 |
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 | $102,610,014 |
| Investment income | $15,843,137 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,397,952 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $123,227,030 |
| 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. | $3,052,089 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,780,894 |
| Pension plan accruals and contributions | $3,188,632 |
| Other employee benefits | $4,736,125 |
| Payroll taxes | $2,240,988 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $212,479 |
| Fees for services: Accounting | $83,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,774,378 |
| Advertising and promotion | $3,203,163 |
| Office expenses | $1,603,510 |
| Information technology | $10,928,380 |
| Royalties | $0 |
| Occupancy | $2,306,125 |
| Travel | $364,991 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $212,998 |
| Interest | $4,797,471 |
| Payments to affiliates | $152,983 |
| Depreciation, depletion, and amortization | $4,614,383 |
| Insurance | $296,597 |
| All other expenses | $63,715 |
| Total functional expenses | $91,275,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,384,771 |
| Savings and temporary cash investments | $189,540,787 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,382 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,348,875,441 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,696,450 |
| Net Land, buildings, and equipment | $69,638,170 |
| Investments—publicly traded securities | $875,145,744 |
| Investments—other securities | $98,610 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $107,063,227 |
| Total assets | $2,611,508,582 |
| Accounts payable and accrued expenses | $48,414,777 |
| 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 | $205,570,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,028,057,393 |
| Total liabilities | $2,282,042,370 |
| 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 | $329,466,212 |
| Total liabilities and net assets/fund balances | $2,611,508,582 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Dow Employees Credit Union Lake Jackson, TX | $4,542,030,485 | $289,213,501 |
Community America Credit Union Lenexa, KS | $4,409,299,980 | $232,446,492 |
Bellco Credit Union Greenwood Village, CO | $6,160,459,649 | $233,085,363 |
Navy Army Community Credit Union Corpus Christi, TX | $4,042,196,028 | $216,741,381 |
Canvas Credit Union Lone Tree, CO | $3,601,131,958 | $198,159,456 |
Elevations Credit Union Boulder, CO | $3,242,277,853 | $154,912,251 |
Ttcu Federal Credit Union Tulsa, OK | $2,611,508,582 | $123,227,030 |
Credit Union Of Texas Allen, TX | $1,777,913,030 | $114,589,686 |
First Community Credit Union Of Houston Houston, TX | $1,964,514,771 | $83,936,302 |
Westerra Credit Union Denver, CO | $1,970,586,116 | $60,087,395 |
Texas Trust Credit Union Arlington, TX | $1,797,827,251 | $77,667,084 |
Intouch Credit Union Plano, TX | $1,046,983,946 | $47,406,759 |