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OKLAHOMA CITY, OK 73102-2229

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

Reviews (1)

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.



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

NCUA #65503
Year Chartered1934
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 Margin1.22%
Return on Assets1.21%
Return on Equity14.77%
Interest Income$1.53 million

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Municipal Emps Cu Of Oklahoma City Savings Account Rates

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

0.40%$2,500-Tiered Money Market Checking

Municipal Emps Cu Of Oklahoma City Checking Account Rates

1.26%-$25kSuper Checking - Qualifying

Municipal Emps Cu Of Oklahoma City CD Rates

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

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 Office8812 S WALKER AVEOKLAHOMA CITY, OK 73139-9440
Branch Office101 N WALKER AVEOKLAHOMA CITY, OK 73102-2229
Branch Office3561 W MEMORIAL RDOKLAHOMA CITY, OK 73134-7015
Branch Office9012 N COUNCIL RDOKLAHOMA CITY, OK 73132