Allegiance Federal Credit Union

Organization Overview

Allegiance Federal Credit Union is located in Oklahoma City, OK. The organization was established in 2004. 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, Allegiance Federal Credit Union employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allegiance 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, Allegiance Federal Credit Union generated $16.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $14.0m during the year ending 12/2021. While expenses have increased by 1.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

26,279 MEMBERS SERVED, OFFERING FINANCIAL SERVICES TO MEMBERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

26,279 MEMBERS SERVED, OFFERING FINANCIAL SERVICES TO MEMBERS


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Board, Officers & Key Employees

Name (title)Compensation
Amy Downs
Ceopresident
$306,002
Sabrina Waner
Svpcfo
$281,593
Brian Engel
Senior Vpcio
$178,914
John Reavis
Senior Vpcoo
$175,344
Brent Rempe
SVP Stratagey Growth
$160,623
Angela Holland
Svpchro
$139,208

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$10,009,385
Investment income $739,609
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$171,420
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,187,363

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