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Overview / Commentary
P.O. Box 722
Mcalester, OK 74502

Mcalester Credit Union is headquartered in McAlester and is the 61st largest credit union in the state of Oklahoma. It is also the 5,632nd largest credit union in the nation. It was established in 1933 and as of March of 2014, it had grown to 1 employees and 581 members. Mcalester 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. Mcalester 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 Mcalester Credit Union had $118,000 in non-current loans and owned real-estate with $690,000 in equity and loan loss allowances on hand to cover it. This gives Mcalester Credit Union a Texas Ratio of 17.10% 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 Mcalester Credit Union increased slightly from 4.77% as of March 31, 2013 to 17.10% as of March 31, 2014, resulting in a negative change of 258.63%. This indicates that the balance sheet and financial strength for Mcalester Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Mcalester Credit Union has decreased its total deposits by $-122,000, resulting in -4.49% 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 Credit Union has shown is below 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 Credit Union has $3.26 million in assets with $690,000 in equity, resulting in a capitalization level of 21.18%, which is excellent.

Institution Statistics

Overall
NCUA #64983
Year Chartered1933
Employees1
Primary Regulator
Assets and Liabilities
Assets$3.26 million
Loans$967,000
Deposits$2.60 million
Equity Capital$664,000
Loan Loss Allowance$26,000
Unbacked Noncurrent Loans$118,000
Real Estate Owned$0
Historic Data - March 2013
Assets$3.42 million
Equity Capital$704,000
Loan Loss Allowance$9,000
Unbacked Noncurrent Loans$118,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets-0.12%
Return on Equity-0.6%
Interest Income$20,000
Rates

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Locations


Mcalester Credit Union Locations
Branch Office301 E Carl Albert Pkwy Ste 137McAlester, OK 74501-5007