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Overview / Commentary
405-789-7900
P.O. Box 57020
Oklahoma City, OK 73157

Allegiance Credit Union is headquartered in Oklahoma City and is the 12st largest credit union in the state of Oklahoma. It is also the 801st largest credit union in the nation. It was established in 1963 and as of December of 2013, it had grown to 84 employees and 28,489 members. Allegiance Credit Union has a B health rating.

Field of Membership Restrictions

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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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
B

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 December 31, 2013 Allegiance Credit Union had $3.41 million in non-current loans and owned real-estate with $19.11 million in equity and loan loss allowances on hand to cover it. This gives Allegiance Credit Union a Texas Ratio of 17.86% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Allegiance Credit Union decreased slightly from 22.01% as of December 31, 2012 to 17.86% as of December 31, 2013, resulting in a positive change of 18.84%.This indicates that the balance sheet and financial strength for Allegiance Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Allegiance Credit Union has increased its total deposits by $7.96 million, resulting in 3.73% 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.

Capitalization

GRADE:
C-

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 $241.94 million in assets with $19.11 million in equity, resulting in a capitalization level of 7.90%, which is below average.

Institution Statistics

Overall
NCUA #63250
Year Chartered1963
Employees84
Primary Regulator
Assets and Liabilities
Assets$241.94 million
Loans$190.74 million
Deposits$221.38 million
Equity Capital$18.16 million
Loan Loss Allowance$943,000
Unbacked Noncurrent Loans$1.41 million
Real Estate Owned$2.00 million
Historic Data - December 2012
Assets$235.68 million
Equity Capital$17.27 million
Loan Loss Allowance$994,000
Unbacked Noncurrent Loans$1.41 million
Real Estate Owned$2.18 million
Profit Margin - Quarterly
Net Interest Margin4.62%
Return on Assets0.52%
Return on Equity6.93%
Interest Income$9.20 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Allegiance Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Allegiance Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Emergency Savings
0.40%$500$10kIRA
0.10%$25-Savings
0.10%--Christmas Club

Allegiance Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Money Market

Allegiance Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.25%-$20kAllegiance Rewards Checking
0.10%--Classic Checking
0.05%--Allegiance Rewards Checking
0.03%--Fresh Start Checking

Allegiance Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

Allegiance Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.21%$10k-48 Month IRA Share Certificate (Traditional,CESA,Roth)
1.00%$10k-36 Month IRA Share Certificate (Traditional,CESA,Roth)
0.75%$10k-24 Month IRA Share Certificate (Traditional,CESA,Roth)
0.50%$10k-18 Month IRA Share Certificate (Traditional,CESA,Roth)
0.42%$10k-12 Month IRA Share Certificate (Traditional,CESA,Roth)
Locations


Allegiance Credit Union Locations
Branch Office1925 S Kelly AveEdmond, OK 73013-3686
Branch Office101 N Robinson Ave Ste 210Oklahoma City, OK 73102-5502
Branch Office4235 N Meridian AveOklahoma City, OK 73112-2456
Branch Office12200 S Western AveOklahoma City, OK 73170-5914
Branch Office215 Dean A McGee Ave Ste 343Oklahoma City, OK 73102-3406