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Overview / Commentary
866-214-7215
1320 S Lewis Ave
Tulsa, OK 74104

Encentus Credit Union is headquartered in Tulsa and is the 37th largest credit union in the state of Oklahoma. It is also the 2,986th largest credit union in the nation. It was established in 1970 and as of March of 2014, it had grown to 14 employees and 4,872 members. Encentus Credit Union's savings rates are 92% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

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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. Encentus 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 Encentus Credit Union had $19,000 in non-current loans and owned real-estate with $3.39 million in equity and loan loss allowances on hand to cover it. This gives Encentus Credit Union a Texas Ratio of 0.56% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Encentus Credit Union experienced no significant changes from 0.56% as of March 31, 2013 to 0.56% as of March 31, 2014, resulting in a positive change of 0.53%.This indicates that the balance sheet and financial strength for Encentus Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Encentus Credit Union has increased its total deposits by $1.11 million, resulting in 4.49% 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 Encentus Credit Union has shown is excellent.

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. Encentus Credit Union has $29.51 million in assets with $3.39 million in equity, resulting in a capitalization level of 11.47%, which is excellent.

Institution Statistics

Overall
NCUA #20015
Year Chartered1970
Employees14
Primary Regulator
Assets and Liabilities
Assets$29.51 million
Loans$13.93 million
Deposits$25.85 million
Equity Capital$3.36 million
Loan Loss Allowance$24,000
Unbacked Noncurrent Loans$19,000
Real Estate Owned$0
Historic Data - March 2013
Assets$28.61 million
Equity Capital$3.30 million
Loan Loss Allowance$66,000
Unbacked Noncurrent Loans$19,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.22%
Return on Equity1.9%
Interest Income$184,000
Rates
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Encentus Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%--IRA Savings Account
0.45%--Regular Shares Account
0.30%--Club Savings Account

Encentus Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.05%--36 Month Share Certificate
0.95%--30 Month Share Certificate
0.85%--24 Month Share Certificate
0.75%--18 Month Share Certificate
0.65%--12 Month Share Certificate
0.55%--6 Month Share Certificate
0.45%--3 Month Share Certificate

Encentus Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.05%--36 Month IRA Certificate
0.95%--30 Month IRA Certificate
0.85%--24 Month IRA Certificate
0.75%--18 Month IRA Certificate
0.65%--12 Month IRA Certificate
0.55%--6 Month IRA Certificate
0.45%--3 Month IRA Certificate
Locations


Encentus Credit Union Locations
Branch Office1320 S Lewis AveTulsa, OK 74104
Branch Office1924 S Utica Ave Ste G06Tulsa, OK 74104