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Overview / Commentary
800-448-1990
P.O. Box 26406
Oklahoma City, OK 73126

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 2013, it had grown to 111 employees and 47,721 members. FAA Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to anyone that lives, works, worships, or attends school in Oklahoma, Canadian, Cleveland, Grady, Lincoln, Logan, McClain, or Pottawatomie counties. Membership requires a minimum deposit of $5 in the share savings account. - See Details

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Reviews (1)

Great Customer Service But They Killed Off Their RCA

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.



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

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, 2013 FAA Credit Union had $5.72 million in non-current loans and owned real-estate with $46.6 million in equity and loan loss allowances on hand to cover it. This gives FAA Credit Union a Texas Ratio of 12.28% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for FAA Credit Union decreased dramatically from 31.11% as of December 31, 2012 to 12.28% as of December 31, 2013, resulting in a positive change of 60.52%.This indicates that the balance sheet and financial strength for FAA Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, FAA Credit Union has increased its total deposits by $17.02 million, resulting in 3.5% 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

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. FAA Credit Union has $551.8 million in assets with $46.6 million in equity, resulting in a capitalization level of 8.44%, which is average.

Institution Statistics

Overall
NCUA #62568
Year Chartered1946
Employees111
Primary Regulator
Assets and Liabilities
Assets$551.80 million
Loans$287.54 million
Deposits$502.91 million
Equity Capital$43.79 million
Loan Loss Allowance$2.81 million
Unbacked Noncurrent Loans$5.02 million
Real Estate Owned$707,000
Historic Data - December 2012
Assets$533.31 million
Equity Capital$42.63 million
Loan Loss Allowance$4.70 million
Unbacked Noncurrent Loans$5.02 million
Real Estate Owned$1.08 million
Profit Margin - Quarterly
Net Interest Margin4.65%
Return on Assets0.89%
Return on Equity11.2%
Interest Income$17.03 million
Rates

Sorry, we do not have rate data for FAA Credit Union

Locations


FAA Credit Union Locations
Branch Office2800 N Kelly Ave Ste 100Edmond, OK 73003-3003
Branch Office10201 S Western AveOklahoma City, OK 73139-2931
Branch Office3805 S Western AveOklahoma City, OK 73109
Branch Office8230 NW ExpresswayOklahoma City, OK 73162-6022
Branch Office1212 W Lindsey StNorman, OK 73069-4308
Branch Office361 E State Highway 152Mustang, OK 73064-4401
Branch Office5710 SW 63rd St Bldg 106Oklahoma City, OK 73169