Oklahoma Federal Credit Union

What Oklahoma Federal Credit Union does

Oklahoma Federal Credit Union (OKFCU) is a federally chartered, not-for-profit cooperative financial institution headquartered in Oklahoma City, Oklahoma, founded in 1951 (originally as Safeway Oklahoma City Federal Employees Credit Union). It serves more than 10,500 members through a consolidated branch network of two physical locations, providing retail consumer banking services including share savings (Standard, Christmas Club, Star Saver, Teen Saver), checking (Kasasa Cash, Kasasa Cash Back, Money Market, Solid Gold Club), consumer loans (auto, RV, mortgage, signature, Storm Shelter, VISA credit card), and insurance referrals through MemberHaven and TruStage partnerships.

The credit union's technology layer consists of standard community-institution tooling: the Financial-Net Virtual Branch online banking platform, ReddiTeller phone banking, Kasasa rewards-based checking products, and a recently added SwivelPay online payment portal for member bill payment. As of December 31, 2024, OKFCU held $188 million in total assets and was led by President and CEO Tim J. DeLise. Federally insured by the NCUA, OKFCU also maintains supplemental Excess Share Insurance, providing up to $250,000 in combined deposit coverage per member.

OKFCU's business model is a standard cooperative credit union revenue stack: net interest income from the consumer loan and securities portfolio is the primary revenue driver, supplemented by fee income from ATM access, overdraft, account maintenance, and insurance referral commissions. Member pricing is set at retail community rates rather than via negotiated commercial contracts, and growth has historically been achieved through a combination of organic member accumulation and mergers. The credit union holds no disclosed commercial or SMB relationships, concentrating its member and revenue base within the Oklahoma City metropolitan area.

Name

Oklahoma Federal Credit Union

Legal name

Oklahoma Federal Credit Union

Website

https://oklahomafederalcreditunion.org

Company type

Private

Founded year

1951

Operating status

Operating

Short description

Oklahoma Federal Credit Union is a federally chartered, not-for-profit cooperative credit union serving more than 10,500 members in the Oklahoma City metro with $188 million in assets, offering retail consumer deposit, loan, and insurance products.

Ownership category

akta.pro rank

Product category

Retail Banking (Credit Union)

NAICS

Credit Unions (522130), Depository Credit Intermediation (5221), Credit Card Issuing (522210)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Personal Credit Institutions (6141), Savings Institution, Federally Chartered (6035)

akta.pro primary industry

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

Keywords

• Retail banking services
• Consumer lending
• Deposit accounts
• Mortgage lending
• Credit union services

Headquarters

HQ city

Oklahoma City

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Loans: Oklahoma Federal Credit Union generates revenue primarily through interest income on loans including auto loans, mortgage loans, recreational vehicle loans, signature loans, and VISA credit cards. Loan rates vary based on credit history, loan term, and vehicle year.
2. Fee Income: The credit union generates fee income from various sources including ATM transaction fees (after free allowance), overdraft protection fees, money market account maintenance fees ($25/month if balance falls below $1,000), and dividend checking fees ($5/month if balance falls below $300).
3. Insurance Products: Through partnerships with MemberHaven and TruStage, the credit union provides insurance products to members including auto, home, boat, and RV insurance, earning referral or partnership revenue.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Oklahoma Federal Credit Union is a federally chartered, not-for-profit cooperative credit union that delivers retail financial services — deposit accounts (savings, checking, Kasasa), consumer loans (auto, signature, RV, storm shelter, mortgage), and VISA credit cards — to its members through two branches in the Oklahoma City metro and digital channels.

Product overview

Oklahoma Federal Credit Union offers a comprehensive suite of financial products organized as core banking services supplemented by add-on modules. The core offerings include multiple checking account types (Kasasa Cash, Kasasa Cash Back, Money Market, Solid Gold Club), savings accounts (Standard, Christmas Club, Star Saver, Teen Saver), and diverse lending products (auto loans, recreational vehicle loans, mortgages, signature loans, storm shelter loans). The Kasasa rewards program represents a key differentiator, offering high-yield checking (2.50% APY) and cash back (2.00%) on debit purchases. Add-on services include extended warranties (Route 66), GAP insurance, credit card rewards (uChoose Rewards), insurance partnerships (MemberHaven, TruStage), and financial planning tools. Virtual Branch provides the digital channel for all services.

Differentiator

Problem solved

Functional benefit

Brands

• MemberHaven: An independent insurance agency partnered with OKFCU to serve members' personal insurance needs. MemberHaven is wholly-owned by CU Service Centers, Inc., not OKFCU.
• TruStage
• Kasasa

Products and services

• Savings Accounts Interest-bearing deposit accounts that allow members to save funds while earning dividends; targeted at individual members seeking a safe, NCUA-insured savings vehicle.
• Checking Accounts (including Kasasa) Transactional deposit accounts for everyday spending, including Kasasa rewards checking that delivers cash back and ATM fee refunds for qualifying members; designed for individual consumer members in the Oklahoma City area.
• Auto Loans Secured and unsecured vehicle financing for new, used, and refinanced autos; available to individual credit union members at cooperative-rate terms.
• Mortgages Residential mortgage financing to help members purchase or refinance homes in the Oklahoma City metropolitan area and surrounding communities.
• Signature Loans Unsecured personal loans for members needing flexible financing for general purposes such as debt consolidation or major purchases.
• RV Loans Financing for recreational vehicles, available to individual members purchasing RVs through the credit union.
• Storm Shelter Loans Specialized financing for residential storm/tornado shelters, addressing a regional safety need among members in Oklahoma.
• VISA Credit Cards Revolving consumer credit cards provided to members for everyday spending, payments, and credit-building.
• Insurance Products (partner-offered) Insurance products made accessible to credit union members through partner providers, covering personal lines such as auto, home, and life needs.

Quantifiable outcome

• Auto loan rates as low as 5.77% APR for 2023-2025 vehicles
• +3 more outcomes

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• MemberHavencoreChannel Partner/ Reseller/ DistributorOklahoma Federal Credit Union is a proud partner with MemberHaven, an independent insurance agency owned by multiple Oklahoma credit unions. MemberHaven offers full-range personal insurance products including auto, home, boat, and RV insurance. OKFCU endorses MemberHaven services for members seeking comparative quotes from multiple insurance carriers including Travelers, Safeco, and Progressive.
• TruStagecoreChannel Partner/ Reseller/ DistributorOKFCU partners with TruStage to offer personal insurance services to members alongside MemberHaven. TruStage provides various insurance products through the credit union.
• KasasacoreTechnology or IntegrationKasasa provides free checking and savings account programs with rewards including high APY and cash back. Kasasa is a branded rewards program offered through participating credit unions.
• Harland ClarkeminorOthersHarland Clarke provides check ordering services for Oklahoma Federal Credit Union members through the credit union's website.
• Enterprise Car SalesminorGTM or Marketing PartnerEnterprise Car Sales partnership provides members access to used vehicle inventory for purchase, complementing OKFCU's auto lending services.
• Credit Union Service Centers (CO-OP)minorChannel Partner/ Reseller/ DistributorCO-OP Credit Union Service Centers provides shared branch network access allowing OKFCU members to conduct transactions at thousands of credit union branches nationwide.
• ATM ZoneminorChannel Partner/ Reseller/ DistributorATM Zone provides surcharge-free ATM access network for OKFCU members across a broad network of ATMs.
• TurboTax (Intuit)minorGTM or Marketing PartnerTurboTax partnership provides members access to tax preparation software through the credit union website.
• First Rate Autos (Used Car Dealer Network)minorGTM or Marketing PartnerFirst Rate Autos provides a used car dealer network for members seeking vehicles, complementing OKFCU auto loans.
• uChoose Rewards (VISA)coreTechnology or IntegrationVISA's uChoose Rewards program is a customizable rewards program where members earn points on OKFCU VISA credit card purchases that can be redeemed for merchandise, travel experiences, event tickets, and gift cards.

Scale indicators5 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Neighborhood Credit Union: Texas-based community credit union offering deposit accounts, lending, and digital banking. Comparable community charter, product breadth, and member-owned structure to OKFCU at similar scale.
• Oklahoma Central Credit Union: Statewide Oklahoma community credit union offering deposit accounts, auto loans, mortgages and member rewards. Comparable community-based field of membership and product suite to OKFCU.
• Communication Federal Credit Union: Oklahoma-based community credit union providing retail deposit, lending, and digital banking services to members in the OKC metro. Closely comparable in size, geography, and member-owned cooperative structure.
• Tinker Federal Credit Union: Oklahoma-based community credit union serving a defined field of membership (originally Tinker AFB employees) with full retail banking, auto, mortgage, and rewards products. Direct comparable in geography, charter type, and product mix, though significantly larger.
• Maps Credit Union: Oregon-based community credit union with comparable asset size, member count, and product mix (Kasasa rewards, auto loans, mortgages). Useful size-and-strategy comparable despite geographic separation.
• TTCU Federal Credit Union: Oklahoma-headquartered community credit union offering checking, savings, auto loans, mortgages and Kasasa rewards programs. Directly comparable community-based cooperative model serving overlapping Oklahoma consumer market.

Broad incumbents

• Boeing Employees Credit Union (BECU): Large Washington-state chartered community credit union serving Boeing employees and broader community. Closely analogous origin story (employer-based field of membership expanded to community) and full-service retail banking model, though at materially greater scale.
• Alliant Credit Union: Large national community credit union offering digital-first banking, high-yield checking, and rewards products. Comparable community-charter, member-owned cooperative model and competitive Kasasa-style rewards economics, but with nationwide footprint and materially greater scale.

Regional players

• MidFirst Bank: Largest Oklahoma-based bank (not a credit union) offering full retail banking, mortgage, and consumer lending in the same Oklahoma City market. Regional competitor competing for the same household deposits and auto loan demand.

Others

• Kasasa (company): Technology/rewards partner that supplies the Kasasa Cash, Cash Back, and Saver reward programs OKFCU resells. Ecosystem enabler whose product economics directly shape OKFCU's deposit-acquisition competitiveness.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/oklahomafederal
• Facebookfacebook.com/OklahomaFCU

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Federal Credit Union