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Overview / Commentary
918-663-2050
10832 E 31st St
Tulsa, OK 74146

Ok Members First Credit Union is headquartered in Tulsa and is the 42nd largest credit union in the state of Oklahoma. It is also the 3,420th largest credit union in the nation. It was established in 1951 and as of March of 2014, it had grown to 6 employees and 3,732 members. Ok Members First Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship, attend school or belong to an organization within Tulsa's East Central High School boundaries, Downtown Tulsa, North Tulsa, southeast Tulsa or northwest Broken Arrow. - See Details

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Health

Data for Q1 2014

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Ok Members First Credit Union has a 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 Ok Members First Credit Union had $76,000 in non-current loans and owned real-estate with $3.08 million in equity and loan loss allowances on hand to cover it. This gives Ok Members First Credit Union a Texas Ratio of 2.47% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Ok Members First Credit Union decreased dramatically from 6.65% as of March 31, 2013 to 2.47% as of March 31, 2014, resulting in a positive change of 62.90%.This indicates that the balance sheet and financial strength for Ok Members First Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Ok Members First Credit Union has decreased its total deposits by $-952,000, resulting in -4.86% 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 Ok Members First Credit Union has shown is below average.

Capitalization

GRADE:
A+

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. Ok Members First Credit Union has $21.8 million in assets with $3.08 million in equity, resulting in a capitalization level of 14.13%, which is excellent.

Institution Statistics

Overall
NCUA #7154
Year Chartered1951
Employees6
Primary Regulator
Assets and Liabilities
Assets$21.80 million
Loans$10.35 million
Deposits$18.65 million
Equity Capital$3.02 million
Loan Loss Allowance$56,000
Unbacked Noncurrent Loans$76,000
Real Estate Owned$0
Historic Data - March 2013
Assets$22.78 million
Equity Capital$3.03 million
Loan Loss Allowance$33,000
Unbacked Noncurrent Loans$76,000
Real Estate Owned$51,000
Profit Margin - Quarterly
Return on Assets0.33%
Return on Equity2.38%
Interest Income$160,000
Rates
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Ok Members First Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%--IRA Share Account
0.35%$2,500-Variable Rate Savings Account
0.15%$25-Regular Savings Account

Ok Members First Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.34%$1k-5 Year Certificate
1.11%$1k-4 Year Certificate
0.88%$1k-3 Year Certificate
0.66%$1k-2 Year Certificate
0.44%$1k-1 Year Certificate
0.31%$10k-6 Month Certificate

Ok Members First Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.66%$1k-2 Year IRA Certificate
0.42%$1k-1 Year IRA Certificate
Locations


Ok Members First Credit Union Locations
Branch Office10832 E 31st StTulsa, OK 74146