Fire Fighters Credit Union
- Assets
- $42.8m
- Revenue
- $1.9m
- Investments
- $1.2m
- Employees
- 10
- Location
- Tulsa, OK
- Founding
- 11/1961
- Data as of
- 12/2021
- EIN
- 73-0528996
Organization Overview
Fire Fighters Credit Union is located in Tulsa, OK. The organization was established in 1961. According to its NTEE Classification (M24) the organization is classified as: Fire Prevention, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2021, Fire Fighters Credit Union employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fire Fighters 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, Fire Fighters Credit Union generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. 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
CREDIT UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIVIDENDS PAID TO 4,688 ACCOUNTS FOR 2,762 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frances Reed CEO | Officer | 40 | $162,036 |
Tim White CFO | Officer | 40 | $112,349 |
Susan Driggers COO | Officer | 40 | $111,724 |
James Walker Board Member | Trustee | 0 | $0 |
Gordon Gingrich Board Member | Trustee | 0 | $0 |
Peggy Smith Board Member | Trustee | 0 | $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 | $1,918,370 |
| Investment income | $20,739 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,939,110 |
| 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 | $28,602 |
| Compensation of current officers, directors, key employees. | $382,558 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $351,026 |
| Pension plan accruals and contributions | $33,246 |
| Other employee benefits | $81,060 |
| Payroll taxes | $56,124 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,361 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,499 |
| Advertising and promotion | $7,458 |
| Office expenses | $306,363 |
| Information technology | $220,240 |
| Royalties | $0 |
| Occupancy | $65,832 |
| Travel | $6,718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,750 |
| Insurance | $41,580 |
| All other expenses | $0 |
| Total functional expenses | $1,817,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $387,531 |
| Savings and temporary cash investments | $17,860,310 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,816,423 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $103,171 |
| Net Land, buildings, and equipment | $1,464,203 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,163,343 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$7,386 |
| Total assets | $42,787,595 |
| Accounts payable and accrued expenses | $399,265 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,435,209 |
| Total liabilities | $35,834,474 |
| Net assets without donor restrictions | $6,953,121 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $42,787,595 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magnolia Volunteer Fire Dept Magnolia, TX | $3,144,054 | $11,336,971 |
Community Protection Agency Inc Alief, TX | $551,141 | $8,069,844 |
Northwest Volunteer Fire Department Houston, TX | $2,484,546 | $6,529,161 |
Bexar Bulverde Volunteer Fire Department San Antonio, TX | $24,482,806 | $9,033,199 |
Argyle Volunteer Fire District Argyle, TX | $3,458,816 | $6,092,766 |
Klein Volunteer Fire Dept Spring, TX | $225,950 | $4,812,955 |
Rosehill Fire Department Tomball, TX | $1,388,660 | $4,856,459 |
Electronic Security Association Inc Dallas, TX | $3,401,661 | $4,044,772 |
Ponderosa Volunteer Fire Association Houston, TX | $5,158,744 | $4,025,480 |
Westlake Volunteer Fire Department Inc Katy, TX | $1,354,697 | $3,463,119 |
The Backstoppers Inc Saint Louis, MO | $58,482,364 | $10,650,014 |
Sam Bass Volunteer Fire Department Inc Round Rock, TX | $1,155,344 | $2,279,285 |