True Sky Federal Credit Union
Legal name: True Sky Credit Union
Nonprofit profile at a glance
- EIN
- 730564572
- IRS 990 coverage
- 2010–2020
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2020
- Location
- Oklahoma City, OK, US
- Phone
- 405-682-1990
- Rating confidence
- Limited
Reported finances
- Revenue
- $34,205,550
- Expenses
- $32,973,759
- Assets
- $766,194,191
- Liabilities
- $704,291,754
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- SEAN M CAHILL (PRESIDENT/CEO)
Highest reported compensation
- SEAN M CAHILL (PRESIDENT/CEO): $412,786 total reported compensation
- JULIE GAMBLIN (CHIEF ADMINISTRATION OFFIC): $200,422 total reported compensation
- SEAN P WATT (VP OF BRANCH SERVICES): $199,698 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
True Sky Federal Credit Union is a not-for-profit, member-owned financial cooperative dedicated to helping members' dreams come true by offering low loan rates, minimal fees, and financial education.
What it reported doing in 2020
True sky credit union offers a plethora of loan products that are designed to meet the individual needs of its membership. Whether it be the "dream home", classic muscle car, storm shelter or using a credit card to take the family to disneyworld, true sky credit union is their financial dream provider. So that true sky cu can finance our member's dreams, there are costs associated with these loan products. True sky cu is a proud provider of visa products and with this relationship there are fraud expenses. Compromised cards occur almost daily. Data breaches plague the news headlines and unfortunately the institutions bear this financial burden. There are also fees associated with visa, as well as transaction cost, card stock and network costs. To be competitive, true sky credit union does offer reward credit cards.
Operating model
- Revenue model
- Earned-program. 71% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Accountability: 100
- Sustainability: 51
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 67th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.6%; rating input score 35; 35th percentile among comparable filings
- Total-asset coverage ratio: 23.24; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0.92; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 4.7%; rating input score 47; 47th percentile among comparable filings
Growth
- Program expense growth: 5.8% per year; rating input score 100; 58th percentile among comparable filings
- Revenue growth: 2.1% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 3.6% per year; rating input score 100; 32nd percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $413K · 16 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $5.2M reported
- Consistency: 12 of 12 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 10 filing years from 2010 to 2020
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Sustainability: Operating margin scored 35/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- Moderate — Sustainability: Officer compensation ratio scored 47/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.