Average User Rating:
2 star rating based on 1 review.

Oak Trust Credit Union

PO Box 5051
Oakbrook Terrac, IL 60181
(800) 232-6728
www.oaktrust.com

OverView
Rates
Health
Reviews

Oak Trust Credit Union is headquartered in Naperville and is the 58^th largest credit union in the state of Illinois. It is also the 1,920^th largest credit union in the nation. It was established in 1964 and as of December of 2011, it had grown to 20 employees and 9,833 members. Oak Trust Credit Union has a 4-star health rating.

Report an Issue

See Rates for: Checking | Savings | Money Market | CD | IRA

Oak Trust Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.10%	$50k	-	Business Checking

Oak Trust Credit Union Savings Account Rates

Apy	Min	Max	Product
0.10%	$10k	-	IRA Savings
0.10%	$10k	-	Roth IRA Savings
0.10%	$10k	-	CESA Savings
0.02%	$100	-	Primary Savings Account
0.02%	$100	-	Club Savings Account
0.02%	$100	-	Business Club Savings
0.02%	$100	-	Business Primary Savings

Oak Trust Credit Union Money Market Rates

Apy	Min	Max	Product
0.20%	$25k	-	Money Market Account
0.10%	$50k	-	Platinum Plus Money Market Checking
0.10%	$1k	-	Premier Money Market Account

Oak Trust Credit Union CD Rates

Apy	Min	Max	Product
1.50%	$500	-	60-Month CD
1.25%	$500	-	48-Month CD
1.00%	$500	-	36-Month CD
0.70%	$500	-	24-Month CD
0.20%	$500	-	12-Month CD
0.10%	$500	-	6-Month CD

Oak Trust Credit Union IRA Rates

Apy	Min	Max	Product
1.50%	$500	-	60-Month IRA
1.50%	$500	-	60-Month Roth IRA
1.50%	$500	-	60-Month CESA
1.25%	$500	-	48-Month IRA
1.25%	$500	-	48-Month Roth IRA
1.25%	$500	-	48-Month CESA
1.00%	$500	-	36-Month IRA
1.00%	$500	-	36-Month Roth IRA
1.00%	$500	-	36-Month CESA
0.70%	$500	-	24-Month IRA
0.70%	$500	-	24-Month Roth IRA
0.70%	$500	-	24-Month CESA
0.20%	$500	-	12-Month IRA
0.20%	$500	-	12-Month Roth IRA
0.20%	$500	-	12-Month CESA
0.10%	$500	-	6-Month IRA
0.10%	$500	-	6-Month Roth IRA
0.10%	$500	-	6-Month CESA

Rates updated: 5/26/2012

Data for Q4 2011

Institution Statistics

OAK TRUST
NCUA #	62513
BankRate Report	View
Year Chartered	1964
Employees	20
Primary Regulator
Assets and Liabilities
Assets	$64.15 million
Loans	$42.98 million
Deposits	$53.74 million
Equity Capital	$8.22 million
Loan Loss Allowance	$730,000
Unbacked Noncurrent Loans	$972,000
Historic Data - December 2010
Assets	$69.98 million
Equity Capital	$8.17 million
Loan Loss Allowance	$684,000
Unbacked Noncurrent Loans	$1.14 million
Real Estate Owned	$364,000
Profit Margin - Quarterly
Net Interest Margin	5.91%
Return on Assets	-0.15%
Return on Equity	-1.2%
Interest Income	$3.14 million
Non-Interest Income	$828,000

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Oak Trust Credit Union had $972,000 in non-current loans and owned real-estate with $8.95 million in equity and loan loss allowances on hand to cover it. This gives Oak Trust Credit Union a Texas Ratio of 10.86% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Oak Trust Credit Union decreased slightly from 17.01% as of December 31, 2010 to 10.86% as of December 31, 2011, resulting in a positive change of 36.14%.This indicates that the balance sheet and financial strength for Oak Trust Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Oak Trust Credit Union has decreased its total deposits by -$7.58 million, resulting in -12.36% 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 Oak Trust Credit Union has shown is poor.
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. Oak Trust Credit Union has $64.15 million in assets with $8.95 million in equity, resulting in a capitalization level of 13.95%, which is excellent.

Disappointed, Oak Trust Took Over The Account As I Had Since Birth (Over 40 Yrs) And I Finally Had To Cancel The Account
2 stars

- jacquisplace - Tuesday, August 9, 2011 - 1:32 PM

Oak Trust took over the Catholic Credit Union I had a small amount of money in ($5) since I was born. When Oak Trust took over I was disappointed because it wasn't related to the church but wanted to keep this account because I had it since birth. Though I never used the account they demanded a $100 minimum which I complied to. A few years after this I noticed my account was down to $35.45. Apparently Oak Trust changed their minimum balance to $250 and I did not see the notice. When I called Oak Trust to ask them to refund the $65 because I was unaware of the change in policy they flatly refused though I explained the reason I even had the account was for nostalgias sake as it they took over my church's credit union I had used since childhood. There was discussion, frankly no care. This was in sharp contrast with the secretary at the credit union who knew my name and my family which was significant to me as I had lost touch with almost everyone from that period of my life. When I used to call my credit union it seemed like I was talking to a person, now it just seems cold and corporate. I am not against big business in any way but their attitude just seemed pretty callous and the reason I was keeping the account pretty much irrelevant.
I wish I could go back in time and just pull out my account when my credit union was taken over. I didn't come to them they came to my credit union, took over the account and then implemented a minimum balance. It was naive of me to think Oak Trust would have the same care for the individual as Our Lady of Good Counsel.