Institution Statistics
| OKLAHOMA CENTRAL | | NCUA # | 62322 | | BankRate Report | View | | Year Chartered | 1941 | | Employees | 114 | | Primary Regulator | |
Assets and Liabilities | | Assets | $446.00 million | | Loans | $180.64 million | | Deposits | $383.11 million | | Equity Capital | $59.60 million | | Loan Loss Allowance | $1.88 million | | Unbacked Noncurrent Loans | $775,000 |
Historic Data - December 2010 | | Assets | $407.82 million | | Equity Capital | $54.76 million | | Loan Loss Allowance | $1.65 million | | Unbacked Noncurrent Loans | $765,000 | | Real Estate Owned | $160,000 |
Profit Margin - Quarterly | | Net Interest Margin | 5.22% | | Return on Assets | 0.97% | | Return on Equity | 7.23% | | Interest Income | $18.06 million | | Non-Interest Income | $6.22 million |
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Institution Health
Overall Score:
5 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 Oklahoma Central Credit Union had $775,000 in non-current loans and owned real-estate with $61.49 million in equity and loan loss allowances on hand to cover it. This gives Oklahoma Central Credit Union a Texas Ratio of 1.26% 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 Oklahoma Central Credit Union decreased slightly from 1.64% as of December 31, 2010 to 1.26% as of December 31, 2011, resulting in a positive change of 23.13%.This indicates that the balance sheet and financial strength for Oklahoma Central Credit Union has improved slightly in recent periods. | | Deposit Growth | | | In the past year, Oklahoma Central Credit Union has increased its total deposits by $33.5 million, resulting in 9.58% 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 Oklahoma Central Credit Union has shown is excellent. | | 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. Oklahoma Central Credit Union has $446 million in assets with $61.49 million in equity, resulting in a capitalization level of 13.79%, which is excellent. |
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Average User Rating:
Oklahoma Central Credit Union Is Bad Business.
This place is horrible. If something out of your control happens to any account you have with Oklahoma Central Credit Union and somehow your account goes negative, be ready to start racking up the fees. This is where they get you. If this happens to you, expect OCCU to go into nonresponsive mode. nonresponsive includes: IDing the person making payment for fees and wont accept even if its a spouse, rufusal of payment, long wait times that end with poor customer service, confusing payment totals, as well as threatening conversations with their 41st street office. The final result will end with a court date even if total amount owed is paid in full. Oklahoma Central Credit Union is a shady establishment. Avoid if possible.