Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
5001 E 91st St
Tulsa, OK 74137

Red Crown Credit Union is headquartered in Tulsa and is the 13st largest credit union in the state of Oklahoma. It is also the 1,129th largest credit union in the nation. It was established in 1938 and as of March of 2014, it had grown to 50 employees and 19,844 members. Red Crown Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work, worship, volunteer or attend school in the Tulsa MSA or Mayes County. - See Details

No reviews have been left for this bank yet. Be the first to review.



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 Red Crown Credit Union had $356,000 in non-current loans and owned real-estate with $10.97 million in equity and loan loss allowances on hand to cover it. This gives Red Crown Credit Union a Texas Ratio of 3.24% 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 Red Crown Credit Union decreased dramatically from 8.01% as of March 31, 2013 to 3.24% as of March 31, 2014, resulting in a positive change of 59.48%.This indicates that the balance sheet and financial strength for Red Crown Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Red Crown Credit Union has increased its total deposits by $6.5 million, resulting in 4.79% 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 Red Crown 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. Red Crown Credit Union has $154.14 million in assets with $10.97 million in equity, resulting in a capitalization level of 7.12%, which is below average.

Institution Statistics

Overall
NCUA #2585
Year Chartered1938
Employees50
Primary Regulator
Assets and Liabilities
Assets$154.14 million
Loans$99.40 million
Deposits$142.30 million
Equity Capital$10.55 million
Loan Loss Allowance$424,000
Unbacked Noncurrent Loans$300,000
Real Estate Owned$56,000
Historic Data - March 2013
Assets$146.73 million
Equity Capital$9.66 million
Loan Loss Allowance$633,000
Unbacked Noncurrent Loans$300,000
Real Estate Owned$74,000
Profit Margin - Quarterly
Net Interest Margin1.03%
Return on Assets0.78%
Return on Equity11.37%
Interest Income$1.25 million
Rates

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

Red Crown Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%--IRA Shares Account
0.30%--Club Account
0.25%$50k-Share Accounts

Red Crown Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$90k-Money Market Accounts

Red Crown Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Share Draft Account

Red Crown Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.21%$75k-48 Month Share Certificate
1.11%$75k-36 Month Share Certificate
0.90%$75k-24 Month Share Certificate
0.80%$75k-24 Month Trade-A-Rate Share Certificate
0.70%$75k-18 Month Share Certificate
0.60%$75k-12 Month Share Certificate
0.50%$75k-6 Month Share Certificate
0.40%$75k-3 Month Share Certificate

Red Crown Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.21%$75k-48 Month IRA Share Certificate
1.11%$75k-36 Month IRA Share Certificate
0.90%$75k-24 Month IRA Share Certificate
0.80%$75k-24 Month Trade-A-Rate IRA Share Certificate
0.70%$75k-18 Month IRA Share Certificate
0.60%$75k-12 Month IRA Share Certificate
0.50%$75k-6 Month IRA Share Certificate
0.40%$75k-3 Month IRA Share Certificate
Locations


Red Crown Credit Union Locations
Branch Office5001 E 91st StTulsa, OK 74137
Branch Office5321 E 41st StTulsa, OK 74135
Branch Office3101 W Kenosha StBroken Arrow, OK 74012
Branch Office19 N Rowe StPryor, OK 74361