FAA Credit Union

10201 S. Western Avenue
Oklahoma City, OK 73139
800-448-1990
www.faaecu.org

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FAA Credit Union is headquartered in Oklahoma City and is the 7^th largest credit union in the state of Oklahoma. It is also the 384^th largest credit union in the nation. It was established in 1946 and as of September of 2011, it had grown to 106 employees and 47,273 members. FAA Credit Union has a 3-star health rating.

FAA Credit Union Routing Number: 303085227

More Reviews of Top Reward Checking Accounts - 1/20/2011

Last Friday I reviewed four top reward checking accounts that not only have top rates but are also available in large populated areas. I did some more searching, and I have some additional ones. Rewar ...

3.61% 15-Month CD & 3.45% 9-Month CD at FAA Credit Union in Oklahoma - 1/16/2009

FAA Credit Union is offering 3 competitive share certificate specials. These include a 3.45% APY 9-month CD, a 3.61% APY 15-month CD and a 3.82% APY 35-month CD. The two short-term CDs have a $1,000 minimum deposit and the 35-month term has a $500...

High-Yield Reward Checking Account at an Oklahoma Credit Union (FAA) - 3/31/2008

Update 8/08/09: The top rate has fallen to 4.45% APY.FAA Credit Union has a reward checking account called Optimum Checking that pays 4.45% APY on balances up to $30,000 (0.25% for above) and refunds ATM fees if the following monthly requirements are...

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See Rates for: Checking | Savings | Money Market | CD | IRA

FAA Credit Union Checking Account Rates

Apy	Min	Max	Product
2.02%	-	$30k	Optimum Checking
0.00%	-	-	E-Z Checking

FAA Credit Union Savings Account Rates

Apy	Min	Max	Product
0.50%	-	-	Tradional IRA Share Account
0.50%	-	-	Roth IRA Share Account
0.10%	-	-	Regular Shares
0.10%	-	-	Special Share Savings

FAA Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.75%	$100k	-	Money Market Account

FAA Credit Union CD Rates

Apy	Min	Max	Product
1.86%	$500	-	48-60 Month CD
1.61%	$500	-	36-47 Month CD
1.21%	$500	-	24-35 Month CD
0.95%	$500	-	13-23 Month CD
0.80%	$1k	-	7-12 Month CD
0.60%	$1k	-	6 Month CD
0.40%	$1k	-	3 Month CD

FAA Credit Union IRA Rates

Apy	Min	Max	Product
1.86%	$500	-	48-60 Month IRA
1.86%	$500	-	48-60 Month Roth IRA
1.61%	$500	-	36-47 Month IRA
1.61%	$500	-	36-47 Month Roth IRA
1.21%	$500	-	24-35 Month IRA
1.21%	$500	-	24-35 Month Roth IRA
0.95%	$500	-	13-23 Month IRA
0.95%	$500	-	13-23 Month Roth IRA
0.80%	$1k	-	7-12 Month IRA
0.80%	$1k	-	7-12 Month Roth IRA
0.60%	$1k	-	6 Month IRA
0.60%	$1k	-	6 Month Roth IRA
0.40%	$1k	-	3 Month IRA
0.40%	$1k	-	3 Month Roth IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

FAA
NCUA #	62568
BankRate Report	View
Year Established	1946
Employees	106
Primary Regulator
Assets and Liabilities
Assets	$509.78 million
Loans	$294.39 million
Deposits	$465.73 million
Equity Capital	$40.22 million
Loan Loss Allowance	$2.37 million
Unbacked Noncurrent Loans	$15.30 million
Real Estate Owned	$1.96 million
Historic Data - September 2010
Assets	$466.92 million
Equity Capital	$38.22 million
Loan Loss Allowance	$2.20 million
Unbacked Noncurrent Loans	$14.58 million
Real Estate Owned	$1.76 million
Profit Margin - Quarterly
Net Interest Margin	3.79%
Return on Assets	0.19%
Return on Equity	2.39%
Interest Income	$15.34 million
Non-Interest Income	$4.67 million

Institution Health

Overall Score:

3 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 September 30, 2011 FAA Credit Union had $17.26 million in non-current loans and owned real-estate with $42.58 million in equity and loan loss allowances on hand to cover it. This gives FAA Credit Union a Texas Ratio of 40.53% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for FAA Credit Union held steady from 40.43% as of September 30, 2010 to 40.53% as of September 30, 2011, resulting in a negative change of 0.26%. This indicates that the balance sheet and financial strength for FAA Credit Union has held steady in recent periods.
Deposit Growth
In the past year, FAA Credit Union has increased its total deposits by $40.76 million, resulting in 9.59% 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 FAA 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. FAA Credit Union has $509.78 million in assets with $42.58 million in equity, resulting in a capitalization level of 8.35%, which is average.