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Overview / Commentary
800-274-2786
585 N Memorial Dr
Tulsa, OK 74115

Golden Eagle Credit Union is headquartered in Tulsa and is the 46th largest credit union in the state of Oklahoma. It is also the 3,789th largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 7 employees and 2,966 members. Golden Eagle Credit Union's savings rates are 2X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee of McDonnell Douglas or other select companies. Also open to those who live, work, worship, volunteer or attend school in the underserved area in northern Tulsa County, Oklahoma - 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. Golden Eagle 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 Golden Eagle Credit Union had $84,000 in non-current loans and owned real-estate with $2.76 million in equity and loan loss allowances on hand to cover it. This gives Golden Eagle Credit Union a Texas Ratio of 3.05% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Golden Eagle Credit Union experienced no significant changes from 3.19% as of March 31, 2013 to 3.05% as of March 31, 2014, resulting in a positive change of 4.63%.This indicates that the balance sheet and financial strength for Golden Eagle Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Golden Eagle Credit Union has increased its total deposits by $600,000, resulting in 4.55% 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 Golden Eagle Credit Union has shown is excellent.

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. Golden Eagle Credit Union has $16.65 million in assets with $2.76 million in equity, resulting in a capitalization level of 16.56%, which is excellent.

Institution Statistics

Overall
NCUA #9817
Year Chartered1954
Employees7
Primary Regulator
Assets and Liabilities
Assets$16.65 million
Loans$8.59 million
Deposits$13.79 million
Equity Capital$2.71 million
Loan Loss Allowance$45,000
Unbacked Noncurrent Loans$84,000
Real Estate Owned$0
Historic Data - March 2013
Assets$16.25 million
Equity Capital$2.85 million
Loan Loss Allowance$62,000
Unbacked Noncurrent Loans$84,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.39%
Return on Assets0.31%
Return on Equity1.92%
Interest Income$139,000
Rates
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Golden Eagle Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.25%$35-IRA Share Account
0.50%$5k-Share Savings Account
0.50%--Christmas Club
0.50%$5k-Vacation Funds

Golden Eagle Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--Elite Checking
0.10%$500-Share Draft Account

Golden Eagle Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.93%$10k-6 Month CD

Golden Eagle Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.34%$2k-12 Month IRA
Locations


Golden Eagle Credit Union Locations
Branch Office585 N Memorial DrTulsa, OK 74115