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Overview / Commentary
405-524-6467
517 NE 36th St
Oklahoma City, OK 73105

Oklahoma Credit Union is headquartered in Oklahoma City and is the 20th largest credit union in the state of Oklahoma. It is also the 1,516st largest credit union in the nation. It was established in 1951 and as of March of 2014, it had grown to 18 employees and 10,029 members. Oklahoma Credit Union has a A+ health rating.

Field of Membership Restrictions

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Health

Data for Q1 2014

Institution Health

A+

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 Oklahoma Credit Union had $119,000 in non-current loans and owned real-estate with $11.79 million in equity and loan loss allowances on hand to cover it. This gives Oklahoma Credit Union a Texas Ratio of 1.01% 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 Oklahoma Credit Union decreased dramatically from 1.57% as of March 31, 2013 to 1.01% as of March 31, 2014, resulting in a positive change of 35.76%.This indicates that the balance sheet and financial strength for Oklahoma Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Oklahoma Credit Union has increased its total deposits by $5.38 million, resulting in 6.48% 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 Credit Union has shown is excellent.

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. Oklahoma Credit Union has $100.48 million in assets with $11.79 million in equity, resulting in a capitalization level of 11.73%, which is excellent.

Institution Statistics

Overall
NCUA #7151
Year Chartered1951
Employees18
Primary Regulator
Assets and Liabilities
Assets$100.48 million
Loans$69.82 million
Deposits$88.40 million
Equity Capital$11.23 million
Loan Loss Allowance$556,000
Unbacked Noncurrent Loans$119,000
Real Estate Owned$0
Historic Data - March 2013
Assets$94.16 million
Equity Capital$10.02 million
Loan Loss Allowance$540,000
Unbacked Noncurrent Loans$119,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.09%
Return on Assets1.46%
Return on Equity13.03%
Interest Income$1.02 million
Rates
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Oklahoma Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%$15k-Regular Share Savings Account
0.35%--Christmas Club

Oklahoma Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$25k-Money Market Checking Account

Oklahoma Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$95k-48 Month Share Certificate
1.32%$95k-36 Month Share Certificate
1.06%$95k-24 Month Share Certificate
0.76%$95k-12 Month Share Certificate
0.62%$95k-6 Month Share Certificate

Oklahoma Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.50%$95k-48 Month IRA Share Certificate
1.32%$95k-36 Month IRA Share Certificate
1.06%$95k-24 Month IRA Share Certificate
0.76%$95k-12 Month IRA Share Certificate
0.62%$95k-6 Month IRA Share Certificate
Locations


Oklahoma Credit Union Locations
Branch Office3501 SW 15th StOklahoma City, OK 73108
Branch Office2401 NW 23rd StOklahoma City, OK 73107
Branch Office921 NE 13th St Rm GB 109Oklahoma City, OK 73104-5007
Branch Office517 NE 36th StOklahoma City, OK 73105