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Department Of Public Safety Credit Union

Overview / Commentary
800-917-6672
3650 N Martin Luther King Ave
Oklahoma City, OK 73111

Department Of Public Safety Credit Union is headquartered in Oklahoma City and is the 39th largest credit union in the state of Oklahoma. It is also the 3,066th largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 7 employees and 3,161 members. Department Of Public Safety Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee of the Oklahoma Department of Public Safety or other Select Employee Groups (SEGs). - 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. Department Of Public Safety Credit Union 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 Department Of Public Safety Credit Union had $25,000 in non-current loans and owned real-estate with $5.56 million in equity and loan loss allowances on hand to cover it. This gives Department Of Public Safety Credit Union a Texas Ratio of 0.45% 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 Department Of Public Safety Credit Union decreased dramatically from 1.07% as of March 31, 2013 to 0.45% as of March 31, 2014, resulting in a positive change of 57.88%.This indicates that the balance sheet and financial strength for Department Of Public Safety Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Department Of Public Safety Credit Union has increased its total deposits by $408,000, resulting in 1.9% 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 Department Of Public Safety Credit Union has shown is above average.

Capitalization

GRADE:
A+

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. Department Of Public Safety Credit Union has $27.97 million in assets with $5.56 million in equity, resulting in a capitalization level of 19.89%, which is excellent.

Institution Statistics

Overall
NCUA #8890
Year Chartered1953
Employees7
Primary Regulator
Assets and Liabilities
Assets$27.97 million
Loans$8.36 million
Deposits$21.87 million
Equity Capital$5.52 million
Loan Loss Allowance$43,000
Unbacked Noncurrent Loans$25,000
Real Estate Owned$0
Historic Data - March 2013
Assets$27.18 million
Equity Capital$5.52 million
Loan Loss Allowance$108,000
Unbacked Noncurrent Loans$25,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.1%
Return on Assets-0.03%
Return on Equity-0.14%
Interest Income$151,000
Rates
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Department Of Public Safety Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.13%--Regular Share Savings Account
0.13%--IRA Share Account
0.13%--Roth IRA Share Account
0.13%--Coverdell Education Savings Account

Department Of Public Safety Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.51%$80k$100k5 Year Share Certificate
1.21%$80k$100k4 Year Share Certificate
0.90%$80k$100k3 Year Share Certificate
0.66%$80k$100k2 Year Share Certificate
0.55%$80k$100k1 Year Share Certificate

Department Of Public Safety Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.51%$250k-5 Year IRA Share Certificate Special
1.51%$500$100k5 Year IRA Share Certificate
1.21%$250k-4 Year IRA Share Certificate Special
1.21%$500$100k4 Year IRA Share Certificate
0.90%$80k$100k3 Year IRA Share Certificate
0.90%$250k-3 Year IRA Share Certificate Special
0.66%$80k$100k2 Year IRA Share Certificate
0.66%$250k-2 Year IRA Share Certificate Special
0.55%$80k$100k1 Year IRA Share Certificate
0.55%$250k-1 Year IRA Share Certificate Special
Locations


Department Of Public Safety Credit Union Locations
Branch Office3650 N Martin Luther King AveOklahoma City, OK 731114223