Oklahoma Central Credit Union

What Oklahoma Central Credit Union does

Oklahoma Central Credit Union (OCCU) is a not-for-profit, member-owned financial cooperative chartered in Oklahoma in 1941 and headquartered in Tulsa. As of May 31, 2026, it serves 43,120 members and operates 10 branch locations across the Tulsa metropolitan area, including recent or pending expansions into Broken Arrow (2020), Owasso (2017), and Jenks (2025 groundbreaking). Member deposits totaled $664.4M, assets $760.8M, and loans $346.1M, placing OCCU as the 8th-largest credit union in Oklahoma by historical asset ranking.

The product portfolio centers on consumer and small-business banking: checking (Momentum, Pop, CareFree, Rewards, plus Enterprise/Venture/High-Yield Sweep business variants), savings, money market, CDs, IRAs, a full lending suite (auto/RV/boat/motorcycle/tractor, personal, share-secured, mortgage, HELOC, student, business), and Visa credit cards issued through Elan Financial Service. The digital platform combines an online banking portal, mobile app with Smart Deposit (mobile check capture since 2014), Zelle, Apple Pay/Google Pay, text banking, and SavvyMoney credit-score monitoring. Distribution is augmented by CO-OP Shared Branching (5,400 branches, 30,000+ ATMs nationally) and an Employer Partner Program for B2B2C member acquisition.

Revenue mechanics follow a traditional credit union model: net interest income on the loan portfolio (auto APRs from 4.49%, personal from 10.99%) is the primary stream, supplemented by deposit-related fees, debit/credit interchange, and insurance commissions via MemberHaven and TruStage partnerships. Earnings are not distributed to shareholders; surplus is returned through pricing. The credit union operates a 501c3 nonprofit arm — the Oklahoma Central Foundation (formed 2011) — which runs the Banzai-powered Financial Capability Center and awards $50,000 in annual scholarships, functioning as a long-horizon youth-to-member acquisition channel.

Name

Oklahoma Central Credit Union

Legal name

Oklahoma Central Credit Union

Website

https://oklahomacentral.creditunion

Company type

Private

Founded year

1941

Operating status

Operating

Headcount range

101–250 employees

Short description

Oklahoma Central Credit Union is a not-for-profit, member-owned financial cooperative founded in 1941 and headquartered in Tulsa, Oklahoma, serving 43,120 members through 10 branches with consumer and small-business banking, lending, and digital services.

Ownership category

akta.pro rank

Product category

Credit Union

NAICS

Credit Unions (522130)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industries

Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL), Credit Cards & Revolving Credit (FSABAAAC)

Keywords

• Credit union services
• Personal banking
• Consumer lending
• Mortgage loans
• Small business banking

Headquarters

HQ city

Tulsa

HQ country

United States

HQ region

North America

Offices13 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income from Lending: The primary revenue stream comes from interest earned on loans including auto loans, mortgages, home equity loans, personal loans, and business loans. Rates vary by product with auto loans as low as 4.49% APR and personal loans as low as 10.99% APR.
2. Deposit Account Fees and Charges: Revenue from various account-related fees including overdraft fees, ATM fees (for out-of-network usage), wire transfer fees, and other service charges on checking and savings accounts.
3. Credit and Debit Card Interchange: Revenue from credit card processing through partnership with Elan Financial Service and debit card transaction interchange fees on member card usage.
4. Insurance and Protection Products: Commission revenue from insurance products offered through partnerships with TruStage and MemberHaven Insurance Agency including auto, home, life, and health insurance.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

Oklahoma Central Credit Union is a member-owned, not-for-profit financial cooperative that provides retail and small-business banking products to its members. Its offering spans checking, savings, money market, certificates, IRAs, auto, personal, mortgage, home equity, student and share-secured loans, credit and debit cards, business checking and lending, merchant services, and insurance products. It distributes these products through 10 branches in the Tulsa, Oklahoma metro area plus online banking, a mobile app, and shared branching, serving roughly 43,120 members with approximately $760.8 million in assets.

Product overview

Oklahoma Central Credit Union is a not-for-profit financial cooperative offering a comprehensive suite of banking products and services through a multi-channel delivery model. The core product portfolio centers on personal and business checking/savings accounts, consumer and commercial lending (auto, mortgage, home equity, personal, and student loans), and credit cards through Visa. Digital banking is delivered via online and mobile platforms (Mobile Banking with Smart Deposit, Mobile Pay supporting Apple Pay/Google Pay, Zelle peer-to-peer payments, Online Banking with Bill Pay). The credit union emphasizes financial education through the Banzai-powered Financial Capability Center, with specialized programs for first-time home and auto buyers. Community support is provided through the Oklahoma Central Foundation scholarship program. Physical access includes 10 branch locations across the Tulsa metropolitan area. The product architecture follows a traditional credit union model with account types, loan products, and digital services rather than a modular platform structure.

Differentiator

Problem solved

Functional benefit

Products and services

• Checking Accounts (Momentum, Pop, CareFree, Rewards)

Quantifiable outcome

• Members receive $500 discount on closing costs through First-Time Home Buyer Program
• +4 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability2 records

Feature4 records

Partnerships

13 partnerships are on record, tiered core and minor.

• MemberHaven Insurance AgencycoreChannel Partner/ Reseller/ DistributorOklahoma Central partners with MemberHaven Insurance Agency to provide members with comparative insurance quotes from multiple carriers including auto, motorcycle, home, rental, boat, and RV insurance. MemberHaven is a wholly-owned subsidiary of CU Service Centers, Inc. owned by 17 Oklahoma-based credit unions.
• TruStagecoreChannel Partner/ Reseller/ DistributorTruStage provides insurance products specifically designed for credit union members including life insurance, accidental death and dismemberment insurance, home insurance, and health insurance programs through GoHealth.
• BanzaicoreTechnology or IntegrationOklahoma Central partners with Banzai to provide free financial education modules for members and the community. Programs include Banzai Junior for ages 8-12, Banzai Teen for ages 13-17, and Banzai Plus for adults covering budgeting, credit scores, insurance, and loan basics.
• CO-OP Shared Branching NetworkcoreTechnology or IntegrationOklahoma Central participates in the CO-OP Shared Branching network, providing members access to 5,400 full-service branch locations in 50 states, 30,000 ATMs throughout the U.S. and Canada, and 800,000+ ATMs worldwide.
• American Document ShreddingminorOthersAmerican Document Shredding, a Tulsa-based, NAID AAA Certified company, provides secure on-site document shredding services during Oklahoma Central's annual Shred Day events.
• Elan Financial ServicecoreTechnology or IntegrationPartnered with Elan Financial Service to offer Visa credit card services with rewards programs for Oklahoma Central members since 2007.
• TransFundcoreTechnology or IntegrationTransFund provides debit card processing and ATM network services. Their 24-hour hotline (888-263-3370) handles lost or stolen debit card reporting outside of regular business hours.
• Children's Miracle NetworkminorStrategic or Co-development PartnerOklahoma Central participates in fundraising and donations to Children's Miracle Network as part of community involvement efforts.
• Food Bank of Eastern OklahomaminorStrategic or Co-development PartnerOCCU employee volunteers spend hours every quarter packaging thousands of pounds of food for Eastern Oklahoma neighbors in need. Also partners for Shred Day food drives.
• City Lights Foundation (Night Light Tulsa)minorStrategic or Co-development PartnerNight Light by City Lights Tulsa benefits Tulsans experiencing homelessness. OCCU supports both financially and through volunteerism.
• DVIS (Domestic Violence Intervention Services)minorStrategic or Co-development PartnerDVIS supports domestic violence intervention services for northeastern Oklahoma. OCCU employees and board members attend annual DVIS Best of Brunch fundraising event.
• United WayminorStrategic or Co-development PartnerOklahoma Central participates in United Way fundraising initiatives as part of community involvement program.
• Family and Children's ServicesminorStrategic or Co-development PartnerOklahoma Central supports Family and Children's Services through fundraising and donations as part of community involvement.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• TTCU Federal Credit Union: The largest Tulsa-based credit union with comparable deposit, lending, and digital-banking offerings; directly competes with OCCU for the same Tulsa-metro consumer and SEG relationships.
• SchoolsFirst Credit Union: Large California-based occupational/community credit union with similar member-owned structure, comprehensive deposit/lending/insurance product suite, and a foundation-oriented community-engagement model — directly comparable at the business-model level despite geographic distance.
• BECU: Member-owned community credit union serving Washington state with full retail-banking, mortgage, and business-lending products, plus a foundation model for community giving — comparable cooperative structure and product breadth to OCCU.
• Connexus Credit Union: Community/membership-based credit union offering full retail banking, mortgages, business services, and credit cards nationally; comparable mid-sized cooperative model and product set, relevant as a digital- and member-growth benchmark.

Broad incumbents

• BOK Financial: Oklahoma's largest bank holding company (parent of BOKF/Bank of Oklahoma) operating full commercial-banking, wealth, and treasury services across multiple states; overlaps with OCCU on consumer deposits, mortgages, and business banking but serves a much broader portfolio.
• Arvest Bank: Large regional commercial bank with deep Oklahoma, Arkansas, and Missouri branch footprints; competes head-on with OCCU for consumer deposits, mortgage, and small-business relationships across the Tulsa region.
• Alliant Credit Union: Large, digitally led, nationally chartered credit union with a member-owned model and full deposit/lending/investment offerings; relevant as a 'next step' benchmark for OCCU's digital channel and as a competitor for online-savvy members in its SEG catchment.

Regional players

• Ent Credit Union: One of the largest credit unions in the U.S. (Colorado-based) with full retail banking, mortgage, and business services; similar product breadth and cooperative structure but serves a different regional market, making it a comparable scale benchmark.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/OklahomaCentral
• LinkedInlinkedin.com/company/oklahoma-central-credit-union
• Xx.com/okcentral

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oklahoma Central Credit Union