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Overview / Commentary
918-619-9770
12747 E 41st St
Tulsa, OK 74146-3502

First Tulsa Credit Union is headquartered in Tulsa and is the 52nd largest credit union in the state of Oklahoma. It is also the 4,330th largest credit union in the nation. It was established in 1973 and as of March of 2014, it had grown to 4 employees and 1,776 members. First Tulsa Credit Union has a B health rating.

Field of Membership Restrictions

Must be a Tulsa employee or retiree of First Data Resources or be a retiree of Shell Oil Company. - See Details

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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. First Tulsa 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 First Tulsa Credit Union had $165,000 in non-current loans and owned real-estate with $1.65 million in equity and loan loss allowances on hand to cover it. This gives First Tulsa Credit Union a Texas Ratio of 10.02% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for First Tulsa Credit Union decreased dramatically from 15.15% as of March 31, 2013 to 10.02% as of March 31, 2014, resulting in a positive change of 33.87%.This indicates that the balance sheet and financial strength for First Tulsa Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, First Tulsa Credit Union has decreased its total deposits by $-20,000, resulting in -0.21% 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 Tulsa Credit Union has shown is average.

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. First Tulsa Credit Union has $11.37 million in assets with $1.65 million in equity, resulting in a capitalization level of 14.48%, which is excellent.

Institution Statistics

Overall
NCUA #21489
Year Chartered1973
Employees4
Primary Regulator
Assets and Liabilities
Assets$11.37 million
Loans$8.85 million
Deposits$9.68 million
Equity Capital$1.54 million
Loan Loss Allowance$111,000
Unbacked Noncurrent Loans$165,000
Real Estate Owned$0
Historic Data - March 2013
Assets$11.21 million
Equity Capital$1.44 million
Loan Loss Allowance$103,000
Unbacked Noncurrent Loans$165,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.28%
Return on Assets0.7%
Return on Equity5.21%
Interest Income$124,000
Rates
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First Tulsa Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.90%$5k-18 Month CD
0.60%$5k-12 Month CD
0.55%$5k-6 Month CD
0.40%$5k-3 Month CD

First Tulsa Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.90%$1k-18 Month IRA
0.60%$1k-12 Month IRA
0.55%$1k-6 Month IRA
0.40%$1k-3 Month IRA
Locations


First Tulsa Credit Union Locations
Branch Office12747 E 41st StTulsa, OK 74146-3502