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Overview / Commentary
918-551-3800
1400 S Boston Ave
Tulsa, OK 74119

Group Service Employees Credit Union is headquartered in Tulsa and is the 51st largest credit union in the state of Oklahoma. It is also the 4,281st largest credit union in the nation. It was established in 1956 and as of March of 2014, it had grown to 5 employees and 1,748 members. Group Service Employees Credit Union's savings rates are 92% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee of HCSC. - 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. Group Service Employees 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 Group Service Employees Credit Union had $70,000 in non-current loans and owned real-estate with $1.84 million in equity and loan loss allowances on hand to cover it. This gives Group Service Employees Credit Union a Texas Ratio of 3.81% 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 Group Service Employees Credit Union decreased dramatically from 8.48% as of March 31, 2013 to 3.81% as of March 31, 2014, resulting in a positive change of 55.03%.This indicates that the balance sheet and financial strength for Group Service Employees Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B

In the past year, Group Service Employees Credit Union has increased its total deposits by $10,000, resulting in 0.1% 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 Group Service Employees Credit Union has shown is above 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. Group Service Employees Credit Union has $11.82 million in assets with $1.84 million in equity, resulting in a capitalization level of 15.52%, which is excellent.

Institution Statistics

Overall
NCUA #11341
Year Chartered1956
Employees5
Primary Regulator
Assets and Liabilities
Assets$11.83 million
Loans$9.38 million
Deposits$9.98 million
Equity Capital$1.76 million
Loan Loss Allowance$77,000
Unbacked Noncurrent Loans$70,000
Real Estate Owned$0
Historic Data - March 2013
Assets$11.83 million
Equity Capital$1.78 million
Loan Loss Allowance$76,000
Unbacked Noncurrent Loans$70,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.21%
Return on Assets0.07%
Return on Equity0.46%
Interest Income$129,000
Rates
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Group Service Employees Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%--IRA
1.00%--Roth IRA
1.00%--Coverdell Account
0.30%--Christmas Club
0.20%--Share Savings

Group Service Employees Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.86%$2k-2 Year CD
0.46%$2k-1 Year CD
0.36%$2k-6 Month CD

Group Service Employees Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.86%$1k-2 Year IRA
0.46%$1k-1 Year IRA
Locations


Group Service Employees Credit Union Locations
Branch Office1400 S Boston AveTulsa, OK 74119