In furtherance of the “Top Ten State” initiatives pursued by Governor Kevin Stitt, State Bank Commissioner Mick Thompson announced this week that the Oklahoma State Credit Union Board approved the Commissioner’s recommendation to discount the assessments paid by Oklahoma state-chartered credit unions. This year’s discount reduces the assessment by 15% for each credit union. The Commissioner presented a proposed agency budget to the Board that reflected how the Department can continue its efficient operation with the discount to assessments.
When combined with previous reductions, Oklahoma state-chartered credit unions have received discounts totaling approximately $1.3 million in assessments during the past nine years. The Banking Department has used the assessment discount as both an opportunity to reduce regulatory burden on state-chartered institutions as well as an endorsement of Governor Stitt’s fiscal responsibility initiatives for state agencies.
Pictured Above: The State Credit Union Board MembersSeated: Mark Kelly, Oklahoma's Credit Union; Commissioner Mick Thompson; and Jason Boesch, Energize Credit Union. Standing: Nate Webb, Oklahoma Credit Union Association; Eddie Foreman, Lay Member; and Johnny O'Hare, Cherokee Strip Credit Union.
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Oklahoma City, OK 73105
Phone (405) 521-2782
Fax (405) 522-2993
December 18, 2019
Oklahoma Banking Department 2900 North Lincoln Boulevard Oklahoma City, Oklahoma 73105Phone: 405-521-2782
Business Hours 8 a.m. to 4:30 p.m. Monday - Friday
State of Oklahoma Website