Allegiance Credit Union is headquartered in Oklahoma City and is the 11st largest credit union in the state of Oklahoma. It is also the 790th largest credit union in the nation. It was established in 1963 and as of September of 2013, it had grown to 80 employees and 28,512 members. Allegiance Credit Union has a B health rating.
Allegiance Credit Union membership is open to anyone who resides, works, worships or attends school in the Oklahoma City Metropolitan Statistical Area consisting of the following six counties: Logan, Canadian, Oklahoma, Cleveland, McClain and Pottawatomie. Additionally, faculty and staff of SWOSU, any active employee of the federal government whose post of duty is in Oklahoma, including members of the Oklahoma National Guard, retirees, and un-remarried widows or widowers are also eligible for membership. - See Details
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The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2013 Allegiance Credit Union had $3.09 million in non-current loans and owned real-estate with $18.93 million in equity and loan loss allowances on hand to cover it. This gives Allegiance Credit Union a Texas Ratio of 16.33% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Allegiance Credit Union decreased dramatically from 26.47% as of September 30, 2012 to 16.33% as of September 30, 2013, resulting in a positive change of 38.32%.This indicates that the balance sheet and financial strength for Allegiance Credit Union has improved dramatically in recent periods.
In the past year, Allegiance Credit Union has increased its total deposits by $9.84 million, resulting in 4.66% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Allegiance Credit Union has shown is excellent.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Allegiance Credit Union has $245.43 million in assets with $18.93 million in equity, resulting in a capitalization level of 7.71%, which is below average.
|Assets and Liabilities|
|Equity Capital||$18.06 million|
|Loan Loss Allowance||$872,000|
|Unbacked Noncurrent Loans||$1.09 million|
|Real Estate Owned||$2.00 million|
|Historic Data - September 2012|
|Equity Capital||$17.85 million|
|Loan Loss Allowance||$1.00 million|
|Unbacked Noncurrent Loans||$1.09 million|
|Real Estate Owned||$3.18 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.32%|
|Return on Assets||0.62%|
|Return on Equity||8.45%|
|Interest Income||$6.84 million|
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|1.25%||-||$20k||Allegiance Rewards Checking|
|0.05%||-||-||Allegiance Rewards Checking|
|0.03%||-||-||Fresh Start Checking|
|1.21%||$10k||-||48 Month Share Certificate|
|1.00%||$10k||-||36 Month Share Certificate|
|0.75%||$10k||-||24 Month Share Certificate|
|0.50%||$10k||-||18 Month Share Certificate|
|0.42%||$10k||-||12 Month Share Certificate|
|0.35%||$10k||-||6 Month Share Certificate|
|1.21%||$10k||-||48 Month IRA Share Certificate|
|1.21%||$10k||-||48 Month CESA Share Certificate|
|1.21%||$10k||-||48 Month Roth IRA Share Certificate|
|1.00%||$10k||-||36 Month IRA Share Certificate|
|1.00%||$10k||-||36 Month CESA Share Certificate|
|1.00%||$10k||-||36 Month Roth IRA Share Certificate|
|0.75%||$10k||-||24 Month IRA Share Certificate|
|0.75%||$10k||-||24 Month CESA Share Certificate|
|0.75%||$10k||-||24 Month Roth IRA Share Certificate|
|0.50%||$10k||-||18 Month IRA Share Certificate|
|0.50%||$10k||-||18 Month CESA Share Certificate|
|0.50%||$10k||-||18 Month Roth IRA Share Certificate|
|0.42%||$10k||-||12 Month IRA Share Certificate|
|0.42%||$10k||-||12 Month CESA Share Certificate|
|0.42%||$10k||-||12 Month Roth IRA Share Certificate|
|Allegiance Credit Union Locations|
|Branch Office||1925 S Kelly Ave||Edmond, OK 73013-3686|
|Branch Office||101 N Robinson Ave Ste 210||Oklahoma City, OK 73102-5502|
|Branch Office||4235 N Meridian Ave||Oklahoma City, OK 73112-2456|
|Branch Office||12200 S Western Ave||Oklahoma City, OK 73170-5914|
|Branch Office||215 Dean A McGee Ave Ste 343||Oklahoma City, OK 73102-3406|