Search
 

Two Oklahoma state-chartered CUs convert to community charter under new rules

OKLAHOMA CITY - WEOKIE Credit Union and Tulsa Federal Employees Credit Union have become the latest state-chartered credit unions in Oklahoma to be approved to convert to a community charter under the state's recently approved community charter rules. The State Credit Union Board at their June 5 meeting, unanimously approved...

By Staff Writer | Updated on June 12, 2001

OKLAHOMA CITY – WEOKIE Credit Union and Tulsa Federal Employees Credit Union have become the latest state-chartered credit unions in Oklahoma to be approved to convert to a community charter under the state’s recently approved community charter rules. The State Credit Union Board at their June 5 meeting, unanimously approved the applications for both CUs. WEOKIE Credit Union will now serve all those who live, work, or worship in the Oklahoma City Metropolitan Statistical Area (MSA). Its name will remain unchanged. Tulsa Federal will serve those in the Tulsa MSA. The credit union’s name will also remain the same. Oklahoma City and Tulsa MSAs are two of four “Oklahoma Metropolitan Statistical Areas” that are predefined in the rules used to administer Oklahoma’s State Community Charter Legislation. The rules were adopted on May 11, 2001. Other predefined areas that a credit union may make an application to serve are the six geographical Rural Service Areas that have been designated by the Oklahoma Department of Community Development. Each of these areas are comprised of a group of contiguous counties that are outside the boundaries of the OMSA’s. Oil Capital Community CU in Tulsa was the state’s first state-chartered community charter under the new law.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.