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405-262-1291
406 REFORMATORY CIR
EL RENO, OK 73036-2174

Correctional Workers FCU is headquartered in EL RENO and is the 53rd largest credit union in the state of Oklahoma. It is also the 4,337th largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 3 employees and 1,892 members. Correctional Workers FCU has a B+ health rating.

Field of Membership Restrictions

Employees of the following are eligible for membership: El Reno Federal Correctional Institution; Federal Transfer Center Oklahoma City; Great Plains Correctional Facility in Hinton, Oklahoma; DiamondBack Correctional Facility in Watonga, Oklahoma; Fort Reno Employees (USDA). Also, any parents, spouses, children, and grandchildren of current members are eligible for membership. - See Details

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Correctional Workers FCU has a low asset base.

Texas Ratio

GRADE:
A+

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 Correctional Workers FCU had $6,000 in non-current loans and owned real-estate with $1.18 million in equity and loan loss allowances on hand to cover it. This gives Correctional Workers FCU a Texas Ratio of 0.51% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Correctional Workers FCU decreased dramatically from 1.93% as of March 31, 2013 to 0.51% as of March 31, 2014, resulting in a positive change of 73.54%.This indicates that the balance sheet and financial strength for Correctional Workers FCU has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Correctional Workers FCU has increased its total deposits by $584,000, resulting in 6.14% 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 Correctional Workers FCU has shown is excellent.

Capitalization

GRADE:
B+

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. Correctional Workers FCU has $11.3 million in assets with $1.18 million in equity, resulting in a capitalization level of 10.41%, which is above average.

Institution Statistics

Overall
NCUA #1113
Year Chartered1936
Employees3
Primary Regulator
Assets and Liabilities
Assets$11.31 million
Loans$4.72 million
Deposits$10.10 million
Equity Capital$1.17 million
Loan Loss Allowance$4,000
Unbacked Noncurrent Loans$6,000
Real Estate Owned$0
Historic Data - March 2013
Assets$10.73 million
Equity Capital$1.19 million
Loan Loss Allowance$2,000
Unbacked Noncurrent Loans$6,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.01%
Return on Assets-0.25%
Return on Equity-2.39%
Interest Income$56,000
Rates
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Correctional Workers FCU Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$50-Share Savings

Correctional Workers FCU Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-Share Draft
Locations


Correctional Workers FCU Locations
Branch Office406 REFORMATORY CIREL RENO, OK 73036-2174