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Overview / Commentary
1120 W 17th St
Tulsa, OK 74107

Employees Credit Union (OK) is headquartered in TULSA and is the 43rd largest credit union in the state of Oklahoma. It is also the 3,429th largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 8 employees and 3,104 members. Employees Credit Union (OK) has a C+ health rating.

Field of Membership Restrictions

Membership in Employees Federal Credit Union is extended to employees and retirees of Tulsa County and City of Tulsa and surrounding city and county employees. We also extend membership to anyone who works, lives, worships or attends school in west Tulsa or Downtown Tulsa area. We also grant membership to the immediate family of employees, retirees and current members. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Employees Credit Union (OK) has a low asset base.

Texas Ratio


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 Employees Credit Union (OK) had $100,000 in non-current loans and owned real-estate with $1.89 million in equity and loan loss allowances on hand to cover it. This gives Employees Credit Union (OK) a Texas Ratio of 5.29% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Employees Credit Union (OK) experienced no significant changes from 1.18% as of March 31, 2013 to 5.29% as of March 31, 2014, resulting in a negative change of 346.92%. This indicates that the balance sheet and financial strength for Employees Credit Union (OK) has had no significant changes in recent periods.

Deposit Growth


In the past year, Employees Credit Union (OK) has decreased its total deposits by $-929,000, resulting in -4.53% 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 Employees Credit Union (OK) has shown is below 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. Employees Credit Union (OK) has $21.62 million in assets with $1.89 million in equity, resulting in a capitalization level of 8.74%, which is average.

Institution Statistics

NCUA #9715
Year Chartered1954
Primary Regulator
Assets and Liabilities
Assets$21.63 million
Loans$8.30 million
Deposits$19.60 million
Equity Capital$1.85 million
Loan Loss Allowance$39,000
Unbacked Noncurrent Loans$100,000
Real Estate Owned$0
Historic Data - March 2013
Assets$23.65 million
Equity Capital$2.17 million
Loan Loss Allowance$25,000
Unbacked Noncurrent Loans$100,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.41%
Return on Assets0.54%
Return on Equity6.27%
Interest Income$261,000
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Employees Credit Union (OK) Savings Account Rates

0.05%$100-Primary Share Account
0.05%--Holiday Club Account

Employees Credit Union (OK) Checking Account Rates

0.08%$20k-Money Market Investment Checking Account

Employees Credit Union (OK) CD Rates

0.95%$5k-60 Month CD
0.83%$5k-48 Month CD
0.48%$1k-24 Month CD
0.36%$1k-18 Month CD
0.36%$1k-36 Month CD
0.30%$50k-6 Month CD
0.29%$1k-12 Month CD
0.25%$10k-7 Month CD

Sorry, but we do not have location data for Employees Credit Union (OK). Its headquarters is located at 1120 W 17th St - Tulsa, OK 74107