Municipal Emps Cu Of Oklahoma City
Municipal Emps Cu Of Oklahoma City is headquartered in OKLAHOMA CITY and is the 16st largest credit union in the state of Oklahoma. It is also the 1,221st largest credit union in the nation. It was established in 1934 and as of March of 2014, it had grown to 49 employees and 12,905 members. Municipal Emps Cu Of Oklahoma City has a A health rating.
Field of Membership Restrictions
Must live, work, attend school or worship in Oklahoma, Cleveland, Pottawatomie, Lincoln, McClain, Grady, Canadian or Logan County. - See Details
Great CU willing to work with you!
Municipal Employees Credit Union has always been willing to work with us. We've obtained loans for paying off bills, to car loans, to a loan to save our house from foreclosure. We were also able to obtain a low interest credit card through MECU. Even after hurting myself at work and having to go through workers comp. and bankruptcy, they still gave us a loan for some new appliances. (Note; we obtained the loan once we were a couple of years past the bankruptcy discharge date.) They stuck by us through thick and thin and that was greatly appreciated during some really trying times. We've always made sure to pay them on time, with only one or two late payments, and even then by just a day or two at most. They are always friendly, fast, efficient, and professional. They are always available to answer our questions, and we have always been treated with the utmost respect. I only give them a four out of five star rating because 1. They would not give us a new mortgage on our house when we were in desperate need of lowering our interest rate.(We did obtain one somewhere else.), and 2. They will always try to push their loan "insurance" on you, which is just about some of the highest priced insurance you will ever buy, and don't really need if you already have life insurance. Other than that my wife and I highly recommend them for all your financial needs.
Data for Q1 2014
Institution Health
Texas Ratio
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 Municipal Emps Cu Of Oklahoma City had $432,000 in non-current loans and owned real-estate with $12.73 million in equity and loan loss allowances on hand to cover it. This gives Municipal Emps Cu Of Oklahoma City a Texas Ratio of 3.39% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Municipal Emps Cu Of Oklahoma City decreased dramatically from 5.41% as of March 31, 2013 to 3.39% as of March 31, 2014, resulting in a positive change of 37.23%.This indicates that the balance sheet and financial strength for Municipal Emps Cu Of Oklahoma City has improved dramatically in recent periods.
Deposit Growth
In the past year, Municipal Emps Cu Of Oklahoma City has increased its total deposits by $7.6 million, resulting in 6.46% 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 Municipal Emps Cu Of Oklahoma City has shown is excellent.
Capitalization
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. Municipal Emps Cu Of Oklahoma City has $137.91 million in assets with $12.73 million in equity, resulting in a capitalization level of 9.23%, which is average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 65503 |
| Year Chartered | 1934 |
| Employees | 49 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $137.91 million |
| Loans | $108.95 million |
| Deposits | $125.18 million |
| Equity Capital | $11.29 million |
| Loan Loss Allowance | $1.44 million |
| Unbacked Noncurrent Loans | $432,000 |
| Real Estate Owned | $0 |
| Historic Data - March 2013 | |
|---|---|
| Assets | $129.02 million |
| Equity Capital | $10.36 million |
| Loan Loss Allowance | $1.24 million |
| Unbacked Noncurrent Loans | $432,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 1.22% |
| Return on Assets | 1.21% |
| Return on Equity | 14.77% |
| Interest Income | $1.53 million |
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Municipal Emps Cu Of Oklahoma City Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.45% | $25 | - | IRA Share Savings | |
| 0.40% | $25k | - | Gold Savings | |
| 0.15% | - | - | Regular Share Savings Account |
Municipal Emps Cu Of Oklahoma City Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.40% | $2,500 | - | Tiered Money Market Checking |
Municipal Emps Cu Of Oklahoma City Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.26% | - | $25k | Super Checking - Qualifying |
Municipal Emps Cu Of Oklahoma City CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.50% | $1k | - | 60 Month CD | |
| 1.40% | $1k | - | 48 Month CD | |
| 1.30% | $1k | - | 36 Month CD | |
| 1.00% | $1k | - | 24 Month CD | |
| 0.80% | $1k | - | 18 Month CD | |
| 0.75% | $1k | - | 12 Month CD | |
| 0.65% | $1k | - | 11 Month CD | |
| 0.55% | $1k | - | 6 Month CD | |
| 0.55% | $1k | - | 7 Month CD |
Municipal Emps Cu Of Oklahoma City IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.50% | $1k | - | 60 Month IRA | |
| 1.40% | $1k | - | 48 Month IRA | |
| 1.30% | $1k | - | 36 Month IRA | |
| 1.00% | $1k | - | 24 Month IRA | |
| 0.80% | $1k | - | 18 Month IRA | |
| 0.75% | $1k | - | 12 Month IRA | |
| 0.65% | $1k | - | 11 Month IRA | |
| 0.55% | $1k | - | 6 Month IRA | |
| 0.55% | $1k | - | 7 Month IRA |
| Municipal Emps Cu Of Oklahoma City Locations | ||
|---|---|---|
| Branch Office | 8812 S WALKER AVE | OKLAHOMA CITY, OK 73139-9440 |
| Branch Office | 101 N WALKER AVE | OKLAHOMA CITY, OK 73102-2229 |
| Branch Office | 3561 W MEMORIAL RD | OKLAHOMA CITY, OK 73134-7015 |
| Branch Office | 9012 N COUNCIL RD | OKLAHOMA CITY, OK 73132 |