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Overview / Commentary
P.O. Box 310
Davenport, OK 74026

Central Oklahoma Credit Union is headquartered in Davenport and is the 34th largest credit union in the state of Oklahoma. It is also the 2,767th largest credit union in the nation. It was established in 1988 and as of March of 2014, it had grown to 12 employees and 2,867 members. Central Oklahoma Credit Union's savings rates are 15% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Lincoln County, Oklahoma. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Central Oklahoma Credit Union has a low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Central Oklahoma Credit Union had $503,000 in non-current loans and owned real-estate with $5.59 million in equity and loan loss allowances on hand to cover it. This gives Central Oklahoma Credit Union a Texas Ratio of 9.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Central Oklahoma Credit Union decreased dramatically from 19.77% as of March 31, 2013 to 9.00% as of March 31, 2014, resulting in a positive change of 54.46%.This indicates that the balance sheet and financial strength for Central Oklahoma Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Central Oklahoma Credit Union has decreased its total deposits by $-780,000, resulting in -2.56% 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 Central Oklahoma Credit Union has shown is below average.



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. Central Oklahoma Credit Union has $35.12 million in assets with $5.59 million in equity, resulting in a capitalization level of 15.91%, which is excellent.

Institution Statistics

NCUA #24350
Year Chartered1988
Primary Regulator
Assets and Liabilities
Assets$35.12 million
Loans$21.26 million
Deposits$29.66 million
Equity Capital$5.25 million
Loan Loss Allowance$336,000
Unbacked Noncurrent Loans$241,000
Real Estate Owned$262,000
Historic Data - March 2013
Assets$35.75 million
Equity Capital$5.10 million
Loan Loss Allowance$627,000
Unbacked Noncurrent Loans$241,000
Real Estate Owned$257,000
Profit Margin - Quarterly
Return on Assets-0.17%
Return on Equity-1.14%
Interest Income$406,000
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Central Oklahoma Credit Union Savings Account Rates

0.60%--Regular IRA Share Account
0.40%$50k-Share Savings Account

Central Oklahoma Credit Union Checking Account Rates

0.40%$50k-Checking Account

Central Oklahoma Credit Union CD Rates

1.00%$1k-3 Year CD
0.90%$1k-2 Year CD
0.70%$1k-1 Year CD
0.55%$1k-6 Month CD

Central Oklahoma Credit Union IRA Rates

1.10%$1k-48 Month IRA CD
1.00%$1k-36 Month IRA CD
0.90%$1k-24 Month IRA CD
0.80%$1k-1 Year IRA CD

Central Oklahoma Credit Union Locations
Branch Office900 BroadwayDavenport, OK 74026