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Overview / Commentary
918-420-6377
1 C Tree Road, Bldg 14a
Mcalester, OK 74501

Mcalester Aap Credit Union is headquartered in McAlester and is the 48th largest credit union in the state of Oklahoma. It is also the 4,018st largest credit union in the nation. It was established in 1947 and as of March of 2014, it had grown to 4 employees and 1,829 members. Mcalester Aap Credit Union has a B+ health rating.

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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. Mcalester Aap 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 Mcalester Aap Credit Union had $41,000 in non-current loans and owned real-estate with $3.03 million in equity and loan loss allowances on hand to cover it. This gives Mcalester Aap Credit Union a Texas Ratio of 1.35% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Mcalester Aap Credit Union decreased slightly from 1.66% as of March 31, 2013 to 1.35% as of March 31, 2014, resulting in a positive change of 18.22%.This indicates that the balance sheet and financial strength for Mcalester Aap Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B

In the past year, Mcalester Aap Credit Union has increased its total deposits by $76,000, resulting in 0.68% 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 Mcalester Aap 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. Mcalester Aap Credit Union has $14.14 million in assets with $3.03 million in equity, resulting in a capitalization level of 21.40%, which is excellent.

Institution Statistics

Overall
NCUA #5531
Year Chartered1947
Employees4
Primary Regulator
Assets and Liabilities
Assets$14.14 million
Loans$4.22 million
Deposits$11.18 million
Equity Capital$2.95 million
Loan Loss Allowance$77,000
Unbacked Noncurrent Loans$41,000
Real Estate Owned$0
Historic Data - March 2013
Assets$14.05 million
Equity Capital$2.93 million
Loan Loss Allowance$86,000
Unbacked Noncurrent Loans$41,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.11%
Return on Equity0.54%
Interest Income$95,000
Rates

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Locations


Mcalester Aap Credit Union Locations
Branch Office1 C Tree Rd Bldg 14AMcAlester, OK 74501