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800-324-8259
6001 NW EXPRESSWAY
OKLAHOMA CITY, OK 73132-5106

Oklahoma Educators Credit Union is headquartered in OKLAHOMA CITY and is the 18st largest credit union in the state of Oklahoma. It is also the 1,395th largest credit union in the nation. It was established in 1960 and as of March of 2014, it had grown to 29 employees and 10,244 members. Oklahoma Educators Credit Union has a A health rating.

Field of Membership Restrictions

Membership is open to all students and current and retired employees of the educational system throughout the state of Oklahoma and their family members, as well as many select employee groups. - See Details

Reviews (1)

2 Stars Too Much Maybe.

Would not recommend.  Not member focused



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 Educators Credit Union had $114,000 in non-current loans and owned real-estate with $7.78 million in equity and loan loss allowances on hand to cover it. This gives Oklahoma Educators Credit Union a Texas Ratio of 1.47% 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 Oklahoma Educators Credit Union decreased dramatically from 2.46% as of March 31, 2013 to 1.47% as of March 31, 2014, resulting in a positive change of 40.53%.This indicates that the balance sheet and financial strength for Oklahoma Educators Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Oklahoma Educators Credit Union has increased its total deposits by $3.25 million, resulting in 3.71% 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 Educators Credit Union has shown is excellent.

Capitalization

GRADE:
C-

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 Educators Credit Union has $112.93 million in assets with $7.78 million in equity, resulting in a capitalization level of 6.89%, which is below average.

Institution Statistics

Overall
NCUA #61088
Year Chartered1960
Employees29
Primary Regulator
Assets and Liabilities
Assets$112.93 million
Loans$55.35 million
Deposits$90.76 million
Equity Capital$7.46 million
Loan Loss Allowance$316,000
Unbacked Noncurrent Loans$114,000
Real Estate Owned$0
Historic Data - March 2013
Assets$106.48 million
Equity Capital$7.75 million
Loan Loss Allowance$250,000
Unbacked Noncurrent Loans$114,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.84%
Return on Equity12.65%
Interest Income$941,000
Rates

Always verify rates and promotions with the bank or credit union. We are not Oklahoma Educators Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Oklahoma Educators Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Savings Account

Oklahoma Educators Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$2k-Money Market Savings

Oklahoma Educators Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.25%-$15kGo Green Rewards Checking - Qualifying
0.10%--Go Green Rewards Checking - Non Qualifying

Oklahoma Educators Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.65%$75k-48 Month CD
1.40%$75k-36 Month CD
1.20%$75k-30 Month CD
1.00%$75k-24 Month CD
0.85%$75k-18 Month CD
0.75%$75k-12 Month CD
0.65%$75k-6 Month CD

Oklahoma Educators Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.65%$75k-48 Month IRA CD
1.40%$75k-36 Month IRA CD
1.20%$75k-30 Month IRA CD
1.00%$75k-24 Month IRA CD
0.85%$75k-18 Month IRA CD
0.75%$75k-12 Month IRA CD
0.65%$75k-6 Month IRA CD
Locations


Oklahoma Educators Credit Union Locations
Branch Office1704 S AIR DEPOT BLVDMIDWEST CITY, OK 73110
Branch Office2120 RIVERWALK DRMOORE, OK 73160-2770
Branch Office6001 NW EXPRESSWAYOKLAHOMA CITY, OK 73132-5106
Branch Office732 GARTH BROOKS BLVDYUKON, OK 73099