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Overview / Commentary
918-683-3460
1910 W Shawnee St
Muskogee, OK 74401-2299

Muskogee Credit Union is headquartered in Muskogee and is the 25th largest credit union in the state of Oklahoma. It is also the 1,945th largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 36 employees and 10,659 members. Muskogee Credit Union has a C+ health rating.

Field of Membership Restrictions

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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. Muskogee Credit Union has a relatively 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 Muskogee Credit Union had $321,000 in non-current loans and owned real-estate with $3.53 million in equity and loan loss allowances on hand to cover it. This gives Muskogee Credit Union a Texas Ratio of 9.10% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Muskogee Credit Union experienced no significant changes from 7.06% as of March 31, 2013 to 9.10% as of March 31, 2014, resulting in a negative change of 28.92%. This indicates that the balance sheet and financial strength for Muskogee Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Muskogee Credit Union has decreased its total deposits by $-264,000, resulting in -0.41% 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 Muskogee Credit Union has shown is average.

Capitalization

GRADE:
C-

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. Muskogee Credit Union has $68 million in assets with $3.53 million in equity, resulting in a capitalization level of 5.19%, which is below average.

Institution Statistics

Overall
NCUA #946
Year Chartered1936
Employees36
Primary Regulator
Assets and Liabilities
Assets$68.00 million
Loans$34.66 million
Deposits$64.28 million
Equity Capital$3.41 million
Loan Loss Allowance$122,000
Unbacked Noncurrent Loans$300,000
Real Estate Owned$21,000
Historic Data - March 2013
Assets$68.84 million
Equity Capital$4.11 million
Loan Loss Allowance$145,000
Unbacked Noncurrent Loans$300,000
Real Estate Owned$12,000
Profit Margin - Quarterly
Net Interest Margin1.01%
Return on Assets0.43%
Return on Equity8.57%
Interest Income$408,000
Rates
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Muskogee Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.03%$100-Regular Share Account
0.03%--Christmas Club Account
0.03%--PSA Account

Muskogee Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.50%$10k-60 Month CD
0.40%$10k-48 Month CD
0.30%$500-36 Month CD
0.05%$500-18 Month CD
0.05%$500-24 Month CD

Muskogee Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.20%$50-18 Month IRA Certificate
Locations


Muskogee Credit Union Locations
Branch Office1910 W Shawnee StMuskogee, OK 74401-2299
Branch Office4595 S Muskogee AveTahlequah, OK 744645419
Branch Office3502 Chandler RdMuskogee, OK 744034910