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Overview / Commentary
800-324-8259
6001 Nw Expressway
Oklahoma City, OK 73132

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 1,391st largest credit union in the nation. It was established in 1960 and as of December of 2013, it had grown to 28 employees and 10,073 members. Oklahoma Educators Credit Union has a A health rating.

Field of Membership Restrictions

Membership at Oklahoma Educators Credit Union is available to school employees throughout the state of Oklahoma, employees of their Select Employees Groups (SEG's), and their family members. - See Details

Reviews (1)

2 Stars Too Much Maybe.

Would not recommend.  Not member focused



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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, 2013 Oklahoma Educators Credit Union had $111,000 in non-current loans and owned real-estate with $7.34 million in equity and loan loss allowances on hand to cover it. This gives Oklahoma Educators Credit Union a Texas Ratio of 1.51% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Oklahoma Educators Credit Union experienced no significant changes from 1.56% as of December 31, 2012 to 1.51% as of December 31, 2013, resulting in a positive change of 2.94%.This indicates that the balance sheet and financial strength for Oklahoma Educators Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Oklahoma Educators Credit Union has increased its total deposits by $5.92 million, resulting in 7.04% 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 $110.49 million in assets with $7.34 million in equity, resulting in a capitalization level of 6.65%, which is below average.

Institution Statistics

Overall
NCUA #61088
Year Chartered1960
Employees28
Primary Regulator
Assets and Liabilities
Assets$110.49 million
Loans$50.68 million
Deposits$90.00 million
Equity Capital$7.04 million
Loan Loss Allowance$304,000
Unbacked Noncurrent Loans$111,000
Real Estate Owned$0
Historic Data - December 2012
Assets$106.09 million
Equity Capital$7.71 million
Loan Loss Allowance$255,000
Unbacked Noncurrent Loans$111,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.86%
Return on Assets0.11%
Return on Equity1.72%
Interest Income$2.88 million
Rates

Sorry, we do not have rate data for Oklahoma Educators Credit Union

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