1 star ratingAverage User Rating:
1 star rating based on 1 review.

FAA Credit Union

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

NCUA

FAA Credit Union is headquartered in Oklahoma City and is the 7th largest credit union in the state of Oklahoma. It is also the 395th largest credit union in the nation. It was established in 1946 and as of December of 2012, it had grown to 102 employees and 47,060 members. FAA Credit Union has a 3-star health rating.

FAA Credit Union Routing Number: 303085227

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Data for Q4 2012


Institution Statistics


FAA
NCUA #62568
BankRate ReportView
Year Chartered1946
Employees102
Primary Regulator

Assets and Liabilities

Assets$533.31 million
Loans$299.34 million
Deposits$485.88 million
Equity Capital$42.63 million
Loan Loss Allowance$4.70 million
Unbacked Noncurrent Loans$13.64 million
Real Estate Owned$1.08 million

Historic Data - December 2011

Assets$511.36 million
Equity Capital$38.79 million
Loan Loss Allowance$3.81 million
Unbacked Noncurrent Loans$16.54 million
Real Estate Owned$1.30 million

Profit Margin - Quarterly

Net Interest Margin4.45%
Return on Assets0.57%
Return on Equity7.16%
Interest Income$18.12 million
Non-Interest Income$7.31 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
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 December 31, 2012 FAA Credit Union had $14.72 million in non-current loans and owned real-estate with $47.33 million in equity and loan loss allowances on hand to cover it. This gives FAA Credit Union a Texas Ratio of 31.11% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for FAA Credit Union decreased slightly from 41.87% as of December 31, 2011 to 31.11% as of December 31, 2012, resulting in a positive change of 25.71%.This indicates that the balance sheet and financial strength for FAA Credit Union has improved slightly in recent periods.
Deposit Growth4
In the past year, FAA Credit Union has increased its total deposits by $16.3 million, resulting in 3.47% 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 above average.
Capitalization3
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 $533.31 million in assets with $47.33 million in equity, resulting in a capitalization level of 8.87%, which is average.
Write Review

Great Customer Service But They Killed Off Their RCA
1 stars - 767 - Monday, December 31, 2012 - 4:38 PM

Opened up a RCA with them which was hassle free and at the time, paying a competitive 4%. The rate slowly declined to the point where they totally eliminated their RCA. They allowed existing customers to be grandfathered in but at 1.50%, it's not worth the debits. Perhaps if they reinstate their RCA with a higher interested rate I would reconsider.

3
 
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