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Overview / Commentary
405-262-1463
320 S Rock Island Ave
El Reno, OK 73036

El Reno R.I.L. Credit Union is headquartered in El Reno and is the 29th largest credit union in the state of Oklahoma. It is also the 2,418st largest credit union in the nation. It was established in 1934 and as of March of 2014, it had grown to 9 employees and 3,470 members. El Reno R.I.L. Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Canadian County, Oklahoma. - 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. El Reno R.I.L. 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 El Reno R.I.L. Credit Union had $1,000 in non-current loans and owned real-estate with $3.37 million in equity and loan loss allowances on hand to cover it. This gives El Reno R.I.L. Credit Union a Texas Ratio of 0.03% 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 El Reno R.I.L. Credit Union decreased dramatically from 0.15% as of March 31, 2013 to 0.03% as of March 31, 2014, resulting in a positive change of 80.69%.This indicates that the balance sheet and financial strength for El Reno R.I.L. Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, El Reno R.I.L. Credit Union has increased its total deposits by $3.11 million, resulting in 8% 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 El Reno R.I.L. Credit Union has shown is excellent.

Capitalization

GRADE:
C-

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. El Reno R.I.L. Credit Union has $45.55 million in assets with $3.37 million in equity, resulting in a capitalization level of 7.40%, which is below average.

Institution Statistics

Overall
NCUA #62479
Year Chartered1934
Employees9
Primary Regulator
Assets and Liabilities
Assets$45.55 million
Loans$11.15 million
Deposits$41.99 million
Equity Capital$3.34 million
Loan Loss Allowance$35,000
Unbacked Noncurrent Loans$1,000
Real Estate Owned$0
Historic Data - March 2013
Assets$42.21 million
Equity Capital$3.24 million
Loan Loss Allowance$19,000
Unbacked Noncurrent Loans$1,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.35%
Return on Assets0.21%
Return on Equity2.88%
Interest Income$246,000
Rates

Always verify rates and promotions with the bank or credit union. We are not El Reno R.I.L. Credit Union, we are a rate comparison website and can not provide official rates or promotions.

El Reno R.I.L. Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$100-Regular Share Account

El Reno R.I.L. Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$7,500-Money Market Account

El Reno R.I.L. Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-Share Draft Checking Account

El Reno R.I.L. Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.54%$75k-60 Month Share Certificate
1.20%$75k-48 Month Share Certificate
1.05%$75k-36 Month Share Certificate
0.87%$75k-24 Month Share Certificate
0.61%$75k-18 Month Share Certificate
0.47%$75k-12 Month Share Certificate
0.38%$75k-6 Month Share Certificate
0.29%$75k-3 Month Share Certificate

El Reno R.I.L. Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.54%$75k-60 Month IRA Share Certificate
1.20%$75k-48 Month IRA Share Certificate
1.05%$75k-36 Month IRA Share Certificate
0.87%$75k-24 Month IRA Share Certificate
0.61%$75k-18 Month IRA Share Certificate
0.47%$75k-12 Month IRA Share Certificate
0.38%$75k-6 Month IRA Share Certificate
0.29%$75k-3 Month IRA Share Certificate
Locations


El Reno R.I.L. Credit Union Locations
Branch Office320 S Rock Island AveEl Reno, OK 73036