Oklahoma Central Credit Union is headquartered in Tulsa and is the 8th largest credit union in the state of Oklahoma. It is also the 457th largest credit union in the nation. It was established in 1941 and as of September of 2013, it had grown to 120 employees and 34,756 members. Oklahoma Central Credit Union has a A+ health rating.
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.
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.
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 September 30, 2013 Oklahoma Central Credit Union had $1.33 million in non-current loans and owned real-estate with $61.53 million in equity and loan loss allowances on hand to cover it. This gives Oklahoma Central Credit Union a Texas Ratio of 2.16% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Oklahoma Central Credit Union held steady from 1.01% as of September 30, 2012 to 2.16% as of September 30, 2013, resulting in a negative change of 114.54%. This indicates that the balance sheet and financial strength for Oklahoma Central Credit Union has held steady in recent periods.
In the past year, Oklahoma Central Credit Union has increased its total deposits by $11 million, resulting in 2.77% 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 $470.7 million in assets with $61.53 million in equity, resulting in a capitalization level of 13.07%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$59.73 million|
|Loan Loss Allowance||$1.80 million|
|Unbacked Noncurrent Loans||$1.05 million|
|Real Estate Owned||$280,000|
|Historic Data - September 2012|
|Equity Capital||$62.99 million|
|Loan Loss Allowance||$1.87 million|
|Unbacked Noncurrent Loans||$1.05 million|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||3.62%|
|Return on Assets||0.32%|
|Return on Equity||2.55%|
|Interest Income||$10.25 million|
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|Oklahoma Central Credit Union Locations|
|Branch Office||2211 S Aspen Ave||Broken Arrow, OK 74012|
|Branch Office||3856 Southwest Blvd||Tulsa, OK 74107-5524|
|Branch Office||8075 S Olympia Ave||Tulsa, OK 74132|
|Branch Office||140 One Williams Ctr||Tulsa, OK 74172|
|Branch Office||4132 E 51st St||Tulsa, OK 74135|
|Branch Office||5220 N Highway 167||Catoosa, OK 74015|
|Branch Office||515 S Peoria Ave||Tulsa, OK 74120|
|Branch Office||11335 E 41st St||Tulsa, OK 74146|
|Branch Office||4956 S Peoria Ave||Tulsa, OK 74105|
|Branch Office||8080 S Yale Ave||Tulsa, OK 74136|