A Message from Our CEO
As a member of Oklahoma Federal Credit Union, YOU should be proud of what YOUR Credit Union has accomplished. As one of the highest rated credit unions in the country, together, we have built a financial institution that in spite of the economic trials that face our country, Oklahoma Federal remains a safe place to keep your money. Please be re-assured, that Oklahoma Federal has never participated in risky investments or lending and as a result, we have continued to grow and offer great loan rates, higher dividend rates and increased services to members. We are on track to end 2016 stronger than ever. I encourage you to visit one of our branches to review our financial statements which are posted at each location.
Virtually all credit unions are federally insured by a fund that, like the FDIC, is backed by the U.S. Government. As the FDIC does for banks, the National Credit Union Share Insurance Fund (NCUSIF) insures a member’s account up to at least $250,000- with higher coverage available if the member has a combination of individual, joint, trust, payable-on-death and other types of accounts. There is also separate coverage of up to $250,000 for IRAs. Then above and beyond that, Oklahoma Federal provides each member with an additional coverage through Excess Share Insurance (ESI). All of this to say, that as a member of Oklahoma Federal, you have placed your trust and your money in a solid, strong and safe financial institution that continues to work to serve our members. As always, if you have any concerns or questions, feel free to contact me or the Credit Union. We will be happy to answer your questions.
— Tim J. DeLise, President / CEO