REGULATING AGENCY: Oklahoma State Banking Department; Oklahoma State Credit Union Board
- Mick Thompson, Commissioner
- Dudley Gilbert, Deputy Commissioner
- Website: oklahoma.gov/banking.html
LEAGUE: Cornerstone League
- Caroline Willard, President / CEO
- Website: cornerstoneleague.coop
PRIVATE SHARE INSURANCE: No
- Largest SCU: OKLAHOMA’S CU $757M in assets
- Largest FCU: TINKER FCU $6B in assets
|Second Quarter 2022||SCUs||FCUs||Total CUs||% of SCUs/Total|
|Total Credit Unions||11||47||58||19%|
|Credit Union Members||150,451||1.3M||1.4M||11%|
|Credit Union Assets||$2.2B||$18.4B||$20.6B||10%|
The world’s first installed parking meter was in Oklahoma City, on July 16, 1935. Carl C. Magee, of Oklahoma City, Oklahoma, is generally credited with originating the parking meter. He filed for a patent for a “coin controlled parking meter” on May 13, 1935.
Collaboration consolidation Cornerstone/Heartland Merger
By Caroline Willard, President/CEO, Cornerstone League
Sept. 7, 2022 — Here’s a thought experiment for you. If Louise Herring were to somehow time travel to 2022, would she be proud of the legacy she built? What would she think of bankers’ attacks on credit unions, the interchange debate, or the hold financial technology has on consumers?
What would she do to ensure credit unions’ sustainability in today’s environment?
I believe the Mother of Credit Unions would draw from her famous quote, which encapsulates her resolve: “… the purpose of the credit union is to reform the financial system so that everyone can have his place in the sun.”
She would tackle the issue of ensuring credit unions’ sustainability by leveraging the gumption she displayed at 24 years old when she rode the bus to Estes Park, Colo., for the 1934 meeting that would establish the Credit Union National Association. She would tighten her focus, keeping her eye on the prize like she did when she ignored unfriendly comments and stares from her colleagues in those fateful days nearly 100 years ago.
Her resolve prevailed as she signed the original constitution for the national association that became CUNA, later co-founded the Ohio Credit Union League, and organized more than 500 credit unions.
And while in 2022 we find ourselves in a vastly different world, obstacles not unlike those Herring experienced still threaten our efforts to keep the credit union movement alive.
Click here to take a look at the stories that have been collected over the years in Oklahoma.
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