Covenant Credit Union

PO Box 55299
Tulsa, OK 741555299
1.918.459.3827
www.covenantfcu.com

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Covenant Credit Union is headquartered in Tulsa and is the 64^th largest credit union in the state of Oklahoma. It is also the 5,582^nd largest credit union in the nation. It was established in 1986 and as of December of 2011, it had grown to 3 employees and 902 members. Covenant Credit Union has a 5-star health rating.

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See Rates for: Savings | CD | IRA

Covenant Credit Union Savings Account Rates

Apy	Min	Max	Product
0.50%	-	-	Regular Share Account
0.50%	-	-	IRA Share Account
0.50%	-	-	Roth IRA Share Account

Covenant Credit Union CD Rates

Apy	Min	Max	Product
1.26%	$500	-	48 Month Share Certificate
1.05%	$500	-	36 Month Share Certificate
0.90%	$500	-	24 Month Share Certificate
0.80%	$500	-	18 Month Share Certificate
0.70%	$500	-	12 Month Share Certificate
0.50%	$500	-	6 Month Share Certificate

Covenant Credit Union IRA Rates

Apy	Min	Max	Product
1.36%	$500	-	48 Month IRA Share Certificate
1.36%	$500	-	48 Month Roth IRA Share Certificate
1.15%	$500	-	36 Month IRA Share Certificate
1.15%	$500	-	36 Month Roth IRA Share Certificate
1.00%	$500	-	24 Month IRA Share Certificate
1.00%	$500	-	24 Month Roth IRA Share Certificate
0.90%	$500	-	18 Month IRA Share Certificate
0.90%	$500	-	18 Month Roth IRA Share Certificate
0.80%	$500	-	12 Month IRA Share Certificate
0.80%	$500	-	12 Month Roth IRA Share Certificate

Rates updated: 5/24/2012

Data for Q4 2011

Institution Statistics

COVENANT
NCUA #	24272
BankRate Report	View
Year Chartered	1986
Employees	3
Primary Regulator
Assets and Liabilities
Assets	$4.75 million
Loans	$1.51 million
Deposits	$4.24 million
Equity Capital	$289,000
Loan Loss Allowance	$10,000
Historic Data - December 2010
Assets	$4.15 million
Equity Capital	$354,000
Loan Loss Allowance	$20,000
Profit Margin - Quarterly
Net Interest Margin	5.99%
Return on Assets	-1.35%
Return on Equity	-22.15%
Interest Income	$124,000
Non-Interest Income	$155,000

Institution Health

Overall Score:

5 out of 5

Texas Ratio
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, 2011 Covenant Credit Union had $0 in non-current loans and owned real-estate with $299,000 in equity and loan loss allowances on hand to cover it. This gives Covenant 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.
Deposit Growth
In the past year, Covenant Credit Union has increased its total deposits by $457,000, resulting in 12.09% 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 Covenant Credit Union has shown is excellent.
Capitalization
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. Covenant Credit Union has $4.75 million in assets with $299,000 in equity, resulting in a capitalization level of 6.29%, which is below average.

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