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Oklahoma Central Credit Union

Based on 2 reviews
Oklahoma Central Credit Union
Overview / Commentary
4956 S Peoria Ave
Tulsa, OK 74105

Oklahoma Central Credit Union is headquartered in Tulsa and is the 8th largest credit union in the state of Oklahoma. It is also the 458th largest credit union in the nation. It was established in 1941 and as of March of 2014, it had grown to 119 employees and 34,500 members. Oklahoma Central Credit Union has a A+ health rating.

Reviews (2)

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.

Oh How Helpful

I was in the process of buying something via the Internet, from a company I have dealt with before and I needed my routing and account number to close the transaction. No problem, I said. I'll just call my friendly Credit Union and I may have to answer a few questions, but I can get the numbers.Well, ten minutes and two people later, I still had NO numbers. They offered all kinds of reasons, security, etc., but bottom line is that I will have to get in my car, drive down to the credit union, show them ID, etc. and get the numbers. It is easier to cancel my account and move everything over to BOK, which is just across the street.

All in the name of security.

What ever happened to customer service?

I'll move my account within the week.


Data for Q1 2014

Institution Health


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 Oklahoma Central Credit Union had $1.12 million in non-current loans and owned real-estate with $62.52 million in equity and loan loss allowances on hand to cover it. This gives Oklahoma Central Credit Union a Texas Ratio of 1.79% 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 experienced no significant changes from 1.25% as of March 31, 2013 to 1.79% as of March 31, 2014, resulting in a negative change of 42.76%. This indicates that the balance sheet and financial strength for Oklahoma Central Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Oklahoma Central Credit Union has increased its total deposits by $5.62 million, resulting in 1.32% 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 above average.



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 $495.38 million in assets with $62.52 million in equity, resulting in a capitalization level of 12.62%, which is excellent.

Institution Statistics

NCUA #62322
Year Chartered1941
Primary Regulator
Assets and Liabilities
Assets$495.38 million
Loans$207.03 million
Deposits$432.50 million
Equity Capital$60.88 million
Loan Loss Allowance$1.64 million
Unbacked Noncurrent Loans$679,000
Real Estate Owned$440,000
Historic Data - March 2013
Assets$491.32 million
Equity Capital$62.89 million
Loan Loss Allowance$2.04 million
Unbacked Noncurrent Loans$679,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.21%
Return on Assets0.51%
Return on Equity4.12%
Interest Income$3.83 million

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Oklahoma Central Credit Union Locations
Branch Office2211 S Aspen AveBroken Arrow, OK 74012
Branch Office3856 Southwest BlvdTulsa, OK 74107-5524
Branch Office8075 S Olympia AveTulsa, OK 74132
Branch Office140 One Williams CtrTulsa, OK 74172
Branch Office4132 E 51st StTulsa, OK 74135
Branch Office5220 N Highway 167Catoosa, OK 74015
Branch Office515 S Peoria AveTulsa, OK 74120
Branch Office11335 E 41st StTulsa, OK 74146
Branch Office4956 S Peoria AveTulsa, OK 74105
Branch Office8080 S Yale AveTulsa, OK 74136