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580-482-7965
P.O. Box 638
Altus, OK 73522

Red River Federal Credit Union is headquartered in Altus and is the 24th largest credit union in the state of Oklahoma. It is also the 1,705th largest credit union in the nation. It was established in 1957 and as of March of 2014, it had grown to 31 employees and 10,752 members. Red River Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, volunteer, or attend school in one of the following counties in OK: Beckham, Caddo, Comanche, Custer, Greer, Harmon, Jackson, Kiowa, Roger Mills, Tillman and Washita. Also included is Vernon, Texas in Wilbarger County. Businesses and other legal entities in these areas can join too. - 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. Red River Federal 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 Red River Federal Credit Union had $389,000 in non-current loans and owned real-estate with $9.05 million in equity and loan loss allowances on hand to cover it. This gives Red River Federal Credit Union a Texas Ratio of 4.30% 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 River Federal Credit Union decreased dramatically from 6.41% as of March 31, 2013 to 4.30% as of March 31, 2014, resulting in a positive change of 33.00%.This indicates that the balance sheet and financial strength for Red River Federal Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Red River Federal Credit Union has decreased its total deposits by $-626,000, resulting in -0.95% 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 River Federal Credit Union has shown is average.

Capitalization

GRADE:
B+

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 River Federal Credit Union has $84.02 million in assets with $9.05 million in equity, resulting in a capitalization level of 10.77%, which is above average.

Institution Statistics

Overall
NCUA #12082
Year Chartered1957
Employees31
Primary Regulator
Assets and Liabilities
Assets$84.02 million
Loans$46.32 million
Deposits$65.48 million
Equity Capital$8.87 million
Loan Loss Allowance$186,000
Unbacked Noncurrent Loans$389,000
Real Estate Owned$0
Historic Data - March 2013
Assets$88.03 million
Equity Capital$9.07 million
Loan Loss Allowance$218,000
Unbacked Noncurrent Loans$389,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0.97%
Return on Assets0.12%
Return on Equity1.17%
Interest Income$659,000
Rates
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Red River Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100-IRA Accumulative
0.25%$100-Roth IRA Accumulative
0.25%$100-CESA Accumulative
0.05%$100-Regular Savings
0.05%$100-Christmas Club

Red River Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.05%$10k-Money Market Premium

Red River Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.16%$1k-60 Month Certificate
0.80%$1k-48 Month Certificate
0.70%$1k-36 Month Certificate
0.55%$1k-18 Month Certificate
0.50%$1k-12 Month Certificate
0.50%$1k-24 Month Certificate
0.25%$1k-6 Month Certificate
0.15%$1k-91 Day Certificate

Red River Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.26%$1k-60 Month IRA
0.90%$1k-48 Month IRA
0.80%$1k-36 Month IRA
0.65%$1k-18 Month IRA
0.60%$1k-12 Month IRA
0.60%$1k-24 Month IRA
0.35%$1k-6 Month IRA
0.25%$1k-91 Day IRA
Locations


Red River Federal Credit Union Locations
Branch Office901 N First StreetALTUS AFB, OK 73523
Branch Office2721 N Main StAltus, OK 73521
Branch Office2301 NW 67TH STLAWTON, OK 73505