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Osu Institute Of Technology Credit Union

Osu Institute Of Technology Credit Union
Overview / Commentary
P.O. Box 2566
Okmulgee, OK 74447

Osu Institute Of Technology Credit Union is headquartered in Okmulgee and is the 60th largest credit union in the state of Oklahoma. It is also the 5,366th largest credit union in the nation. It was established in 1963 and as of March of 2014, it had grown to 2 employees and 663 members. Osu Institute Of Technology Credit Union has a C health rating.

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Health

Data for Q1 2014

Institution Health

C
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Osu Institute Of Technology Credit Union has a very low asset base.

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 Osu Institute Of Technology Credit Union had $30,000 in non-current loans and owned real-estate with $414,000 in equity and loan loss allowances on hand to cover it. This gives Osu Institute Of Technology Credit Union a Texas Ratio of 7.25% 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 Osu Institute Of Technology Credit Union increased slightly from 1.59% as of March 31, 2013 to 7.25% as of March 31, 2014, resulting in a negative change of 355.49%. This indicates that the balance sheet and financial strength for Osu Institute Of Technology Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Osu Institute Of Technology Credit Union has decreased its total deposits by $-167,000, resulting in -3.87% 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 Osu Institute Of Technology Credit Union has shown is below average.

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. Osu Institute Of Technology Credit Union has $4.57 million in assets with $414,000 in equity, resulting in a capitalization level of 9.06%, which is average.

Institution Statistics

Overall
NCUA #15833
Year Chartered1963
Employees2
Primary Regulator
Assets and Liabilities
Assets$4.57 million
Loans$1.34 million
Deposits$4.15 million
Equity Capital$410,000
Loan Loss Allowance$4,000
Unbacked Noncurrent Loans$30,000
Real Estate Owned$0
Historic Data - March 2013
Assets$4.76 million
Equity Capital$434,000
Loan Loss Allowance$6,000
Unbacked Noncurrent Loans$30,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0%
Return on Equity0%
Interest Income$30,000
Rates

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Locations


Osu Institute Of Technology Credit Union Locations
Branch Office1801 E 4th StOkmulgee, OK 74447