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Overview / Commentary
1326 Alameda St
Norman, OK 73071-3009

Friends Credit Union is headquartered in Norman and is the 57th largest credit union in the state of Oklahoma. It is also the 4,764th largest credit union in the nation. It was established in 1961 and as of March of 2014, it had grown to 3 employees and 1,572 members. Friends Credit Union has a C+ health rating.

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Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Friends Credit Union has a very low asset base.

Texas Ratio

GRADE:
B+

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 Friends Credit Union had $196,000 in non-current loans and owned real-estate with $1.41 million in equity and loan loss allowances on hand to cover it. This gives Friends Credit Union a Texas Ratio of 13.94% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Friends Credit Union increased slightly from 6.92% as of March 31, 2013 to 13.94% as of March 31, 2014, resulting in a negative change of 101.31%. This indicates that the balance sheet and financial strength for Friends Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Friends Credit Union has decreased its total deposits by $-52,000, resulting in -0.77% 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 Friends 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. Friends Credit Union has $8.05 million in assets with $1.41 million in equity, resulting in a capitalization level of 17.47%, which is excellent.

Institution Statistics

Overall
NCUA #14250
Year Chartered1961
Employees3
Primary Regulator
Assets and Liabilities
Assets$8.05 million
Loans$3.78 million
Deposits$6.74 million
Equity Capital$1.27 million
Loan Loss Allowance$140,000
Unbacked Noncurrent Loans$196,000
Real Estate Owned$0
Historic Data - March 2013
Assets$8.04 million
Equity Capital$1.22 million
Loan Loss Allowance$121,000
Unbacked Noncurrent Loans$196,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.35%
Return on Equity2.21%
Interest Income$117,000
Rates

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

Locations


Friends Credit Union Locations
Branch Office1326 Alameda StNorman, OK 73071-3009