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Overview / Commentary
405-325-2211
2000 W Lindsey St
Norman, OK 73069

OU Credit Union is headquartered in Norman and is the 26th largest credit union in the state of Oklahoma. It is also the 2,178th largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 9 employees and 6,961 members. OU Credit Union's savings rates are 15% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee or student of the University of Oklahoma. - See Details

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. OU Credit Union has a relatively 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 OU Credit Union had $6,000 in non-current loans and owned real-estate with $3.54 million in equity and loan loss allowances on hand to cover it. This gives OU Credit Union a Texas Ratio of 0.17% 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 OU Credit Union decreased dramatically from 0.81% as of March 31, 2013 to 0.17% as of March 31, 2014, resulting in a positive change of 79.11%.This indicates that the balance sheet and financial strength for OU Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, OU Credit Union has increased its total deposits by $1.64 million, resulting in 3.24% 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 OU 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. OU Credit Union has $56 million in assets with $3.54 million in equity, resulting in a capitalization level of 6.33%, which is below average.

Institution Statistics

Overall
NCUA #9335
Year Chartered1954
Employees9
Primary Regulator
Assets and Liabilities
Assets$56.00 million
Loans$18.64 million
Deposits$52.09 million
Equity Capital$3.53 million
Loan Loss Allowance$18,000
Unbacked Noncurrent Loans$6,000
Real Estate Owned$0
Historic Data - March 2013
Assets$54.34 million
Equity Capital$3.42 million
Loan Loss Allowance$33,000
Unbacked Noncurrent Loans$6,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.11%
Return on Assets0.17%
Return on Equity2.72%
Interest Income$292,000
Rates
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OU Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.60%$100k-IRA Share Account
0.60%$100k-Roth IRA Share Account
0.05%--Silver Schooner Savings Account
0.03%--Sooner Teen Savings Account
0.03%--Lil' Boomer Savings Account
0.03%--Christmas Club
0.00%--Share Savings Account

OU Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.03%$100k-Money Market Share Draft Account

OU Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.30%$1k-5 Year Term Share Certificate

OU Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.80%$1k-3 Year IRA Certificate
0.60%$1k-2 Year IRA Certificate
0.45%$1k-1 Year IRA Certificate
0.45%$1k-18 Month IRA Certificate
0.35%$1k-6 Month IRA Certificate
Locations


OU Credit Union Locations
Branch Office2000 W Lindsey StNorman, OK 73069
Branch Office900 Asp AveNorman, OK 73019-4042
Branch Office1100 E Constitution StNorman, OK 73072-7813