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Overview / Commentary
402 E Main St
Henryetta, OK 74437

First Family Credit Union is headquartered in Henryetta and is the 27th largest credit union in the state of Oklahoma. It is also the 2,188th largest credit union in the nation. It was established in 1956 and as of March of 2014, it had grown to 31 employees and 11,474 members. First Family Credit Union's money market rates are 25% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must live or work in Okmulgee or the surrounding counties. - 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. First Family Credit Union has a relatively 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 First Family Credit Union had $398,000 in non-current loans and owned real-estate with $5.39 million in equity and loan loss allowances on hand to cover it. This gives First Family Credit Union a Texas Ratio of 7.38% 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 First Family Credit Union experienced no significant changes from 4.58% as of March 31, 2013 to 7.38% as of March 31, 2014, resulting in a negative change of 61.13%. This indicates that the balance sheet and financial strength for First Family Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, First Family Credit Union has increased its total deposits by $7.55 million, resulting in 17.8% 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 First Family Credit Union has shown is excellent.



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. First Family Credit Union has $55.52 million in assets with $5.39 million in equity, resulting in a capitalization level of 9.72%, which is above average.

Institution Statistics

NCUA #11057
Year Chartered1956
Primary Regulator
Assets and Liabilities
Assets$55.52 million
Loans$43.01 million
Deposits$50.00 million
Equity Capital$5.11 million
Loan Loss Allowance$284,000
Unbacked Noncurrent Loans$398,000
Real Estate Owned$0
Historic Data - March 2013
Assets$47.50 million
Equity Capital$4.25 million
Loan Loss Allowance$314,000
Unbacked Noncurrent Loans$398,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.42%
Return on Assets1.33%
Return on Equity14.48%
Interest Income$675,000
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First Family Credit Union Savings Account Rates

0.50%--IRA Shares
0.50%--Roth IRA Shares
0.40%$100-Regular Shares

First Family Credit Union Money Market Rates

0.55%$50k-Money Market Account

First Family Credit Union CD Rates

1.21%$1k-3 Year Share Certificate
0.90%$1k-2 Year Share Certificate
0.75%$1k-1 Year Share Certificate
0.65%$1k-6 Month Share Certificate

First Family Credit Union Locations
Branch Office301 E 8th StOkmulgee, OK 74447
Branch Office111 S Paul Carr DrChecotah, OK 74426-2063
Branch Office402 E Main StHenryetta, OK 74437