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Overview / Commentary
2192 S Sheridan Rd
Tulsa, OK 74129

My Choice Credit Union is headquartered in Tulsa and is the 65th largest credit union in the state of Oklahoma. It is also the 5,914st largest credit union in the nation. It was established in 1969 and as of March of 2014, it had grown to 1 employees and 691 members. My Choice Credit Union has a D health rating.

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. My Choice Credit Union has a very low asset base.

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 My Choice Credit Union had $48,000 in non-current loans and owned real-estate with $158,000 in equity and loan loss allowances on hand to cover it. This gives My Choice Credit Union a Texas Ratio of 30.38% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for My Choice Credit Union experienced no significant changes from 26.95% as of March 31, 2013 to 30.38% as of March 31, 2014, resulting in a negative change of 12.71%. This indicates that the balance sheet and financial strength for My Choice Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, My Choice Credit Union has decreased its total deposits by $-448,000, resulting in -19.03% 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 My Choice Credit Union has shown is poor.



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. My Choice Credit Union has $2.04 million in assets with $158,000 in equity, resulting in a capitalization level of 7.74%, which is below average.

Institution Statistics

NCUA #19676
Year Chartered1969
Primary Regulator
Assets and Liabilities
Assets$2.04 million
Loans$1.61 million
Deposits$1.91 million
Equity Capital$129,000
Loan Loss Allowance$29,000
Unbacked Noncurrent Loans$48,000
Real Estate Owned$0
Historic Data - March 2013
Assets$2.60 million
Equity Capital$234,000
Loan Loss Allowance$22,000
Unbacked Noncurrent Loans$48,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets-3.92%
Return on Equity-62.02%
Interest Income$31,000

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My Choice Credit Union Locations
Branch Office2192 S Sheridan RdTulsa, OK 74129-1002