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University of Central Oklahoma


Julie Cumbie currently serves as an associate professor in the finance department and holds the MidFirst Endowed Chair in Finance. In addition to her teaching, Julie serves as the co-sponsor of the Finance Club at UCO. She is the founder of and program director for the UCO's CFP (Certified Financial Planner) Registered Board Program, which authorizes UCO to offer the only CFP board-registered education courses in Central Oklahoma.

Classes Taught

  • FIN 3563  Fundamentals of Business Finance
  • FIN 4243  Commercial Bank Management
  • FIN 4413  Financial Institutions
  • FIN 4433  Case Studies in Financial Planning
  • FIN 2313  Personal Finance

Education and Certifications

  • Ph.D., Kansas State University, 2012
    • Major: College of Human Ecology-Personal Financial Planning
    • Supporting Areas of Emphasis: Insurance Planning, Retirement and Benefits, Estate Planning, Personal Income Taxation, Research Methods I and II, Statistical Methods, Advanced Statistical Methods, Financial Counseling Dissertation Title: Three Essays on Money Arguments and Financial Behaviors
  • MBA, University of Central Oklahoma, 1983
    • Major: Finance
    • Supporting Areas of Emphasis: Financial Administration and Control, Current Issues in Finance, Controllership, Business Policy, Business Research Methods
  • B.B.A., University of Central Oklahoma, 1982
    • Major: Finance


  • MidFirst Bank, Assistant Vice President, Wholesale Funds Acquisition/Cash Management
  • MidFirst Bank, Branch Manager
  • First National Bank of Norman, Loan Officer

Honors and Awards

  • MidFirst Bank Endowed Chair in Finance
  • Vanderford Distinguished Teacher Award


Julie enjoys traveling, outdoor activities and spending time with her grandchildren.

Professional and Community Involvement

  • Finance Club at UCO, co-sponsor
  • Risk Management Association, member
  • Financial Planning Association, member
  • Academy of Financial Services, member
  • Positive Tomorrows School, volunteer/mentor

Research, Published Work, and Scholarly Activities

Cumbie, J., Ice, R. D., Krishnan, V. Sivarama (2018). Defined Benefit Plans vs. Defined Contribution Plans:  An Evaluation Framework Using Random Returns. Journal of Personal Finance, 17(2), 43-50.

Krishnan, V. Sivarama, Cumbie, J. (2016). Roth Conversion: An Analysis Using Breakeven Tax Rates, Breakeven Periods, and Random Returns. Journal of Personal Finance, 15(1).

Cumbie, J., MacDonald, S., Britt, S. L. (2014). Spousal Money Arguments: Insights from Non-Cooperative Game Theory and NLSY. Southwest Journal of Business and Economics, 21, 57-71.

Sages, R. A., Britt, S. L., Cumbie, J. (2013). The Correlation Between Anxiety and Money Management. College Student Journal, 47(1), 1-11.

Britt, S. L., Cumbie, J., Bell, M. M. (2013). The Influence of Locus of Control on Student Financial Behavior. College Student Journal, 47(1), 178-184.

Britt, S., Grable, J., Cumbie, J., Cupples, S., Henegar, J., Schindler, K., Archuleta, K. (2011). Student financial counseling: An analysis of a clinical and non-clinical sample. Journal of Personal Finance, 10(2), 95-121.

MacDonald, S., Tilker, K. R., Cumbie, J. (2011). An Empirical Examination of the Securities Act of 1933 an its Application to the Oil and Gas Industry: The Case for an Industry Money Exception. Oil Gas and Energy Quarterly, 59(3), 477-488.

MacDonald, S., Cumbie, J., MacDonald, J. (2010). American Bankers Association’s Fleeting Victory in First National Bank and Trust vs. NCUA, and How This Case Can Inform Understanding Pending Financial Regulatory Reform. Franklin Business and Law Review, 2010(2), 1-9.

MacDonald, S., Cumbie, J., MacDonald, J. (2010). The 1934 Federal Credit Union Act and Effective, Ethical, and Accountable Board Governance. Ethics and Critical Thinking, 2010(2), 1-7.

Black, S., Cumbie, J., Arnold, A., MacDonald, S. (2009). The Impact of Personal Finance Courses on Students’ Financial Decisions. Global Education Journal, 2009(1), 83-95.

Conference Proceedings

Krishnan, V. Sivarama, Cumbie, J. (2017). Defined Benefits Plans vs. Defined Contribution Plans: An Evaluation Framework using Random Returns (vol. 2016). Academy of Financial Services.

Krishnan, V. Sivarama, Cumbie, J. (2015). To Roth or Not: A Review and Analysis of Retirement Plan and Conversion Options (vol. 2015). Academy of Financial Services.

Teaching Philosophy

Teaching is the foundation of the University of Central Oklahoma. Although Julie has substantially engaged in scholarly activity, she believes, as a faculty member, the major emphasis should be on students and their learning experience. Julie tries to connect with the students by encouraging them to meet with her to discuss any concerns or problems they may have relating to the course and work with them one-on-one as needed. She has also mentored many students with career opportunities and had been instrumental in employment of several students.

She encourages students to be critical thinkers as evidenced in some of the comments from her instructor reviews, such as “It made me think critically about the subject.” Julie uses several diverse means to provide an effective learning environment for the students. She incorporates lectures, group problem solving, class discussions, use of the internet, and films in the classroom. Julie’s emphasis has always been on the students. She is passionately concerned about their learning experience and wants each of them to succeed in the classroom and later in their professional lives. Of course, they won’t all succeed, but she feels her goal is to do what she can while they are in her course to make it happen.

The views expressed by UCO faculty and staff on their personal websites and social media pages do not necessarily reflect the positions of the University of Central Oklahoma. UCO faculty and staff are advised to follow the university’s social media guidelines and are expected to conduct themselves in accordance with policies outlined in UCO’s Employee Handbook and/or Faculty Handbook.