Cooperative Employees Credit Union is headquartered in Anadarko and is the 58th largest credit union in the state of Oklahoma. It is also the 4,905th largest credit union in the nation. It was established in 1967 and as of March of 2014, it had grown to 3 employees and 877 members. Cooperative Employees Credit Union's savings rates are 65% higher than the national average, and it has a C+ health rating.
Employee of Western Farmers Electric Cooperative. Family Member of WFEC employee (spouse, child, mother, father, brother or sister). - See Details
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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 Cooperative Employees Credit Union had $0 in non-current loans and owned real-estate with $919,000 in equity and loan loss allowances on hand to cover it. This gives Cooperative Employees Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, Cooperative Employees Credit Union has decreased its total deposits by $-97,000, resulting in -1.56% 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 Cooperative Employees Credit Union has shown is 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. Cooperative Employees Credit Union has $7.14 million in assets with $919,000 in equity, resulting in a capitalization level of 12.86%, which is excellent.
|Assets and Liabilities|
|Loan Loss Allowance||$42,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Loan Loss Allowance||$40,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||1.44%|
|Return on Assets||-0.22%|
|Return on Equity||-1.82%|
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|1.02%||$100k||-||12 Month CD|
|0.91%||$100k||-||6 Month CD|
|0.51%||$50k||-||3 Month CD|
|Cooperative Employees Credit Union Locations|
|Branch Office||701 NE 7th St||Anadarko, OK 73005|