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Overview / Commentary
1806 NW Liberty Ave
Lawton, OK 73507

Southwest Oklahoma Credit Union is headquartered in Lawton and is the 22nd largest credit union in the state of Oklahoma. It is also the 1,646th largest credit union in the nation. It was established in 1958 and as of March of 2014, it had grown to 18 employees and 6,843 members. Southwest Oklahoma Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in the following counties: Caddo, Comanche, Cotton, Kiowa, Tillman or Stephens. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Southwest Oklahoma Credit Union has a relatively low asset base.

Texas Ratio


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 Southwest Oklahoma Credit Union had $287,000 in non-current loans and owned real-estate with $7.91 million in equity and loan loss allowances on hand to cover it. This gives Southwest Oklahoma Credit Union a Texas Ratio of 3.63% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Southwest Oklahoma Credit Union experienced no significant changes from 3.18% as of March 31, 2013 to 3.63% as of March 31, 2014, resulting in a negative change of 14.04%. This indicates that the balance sheet and financial strength for Southwest Oklahoma Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Southwest Oklahoma Credit Union has increased its total deposits by $1.55 million, resulting in 1.98% 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 Southwest Oklahoma Credit Union has shown is above average.



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. Southwest Oklahoma Credit Union has $88.13 million in assets with $7.91 million in equity, resulting in a capitalization level of 8.98%, which is average.

Institution Statistics

NCUA #12271
Year Chartered1958
Primary Regulator
Assets and Liabilities
Assets$88.13 million
Loans$28.50 million
Deposits$79.79 million
Equity Capital$7.43 million
Loan Loss Allowance$480,000
Unbacked Noncurrent Loans$282,000
Real Estate Owned$5,000
Historic Data - March 2013
Assets$86.66 million
Equity Capital$7.45 million
Loan Loss Allowance$448,000
Unbacked Noncurrent Loans$282,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.91%
Return on Equity10.82%
Interest Income$654,000
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Southwest Oklahoma Credit Union Savings Account Rates

0.30%--IRA Share
0.30%--Roth IRA Share
0.30%--Education IRA Share
0.05%--Share Savings

Southwest Oklahoma Credit Union CD Rates

0.95%$50k-60 Month Share Certificate
0.70%$50k-36 Month Share Certificate
0.45%$50k-24 Month Share Certificate
0.40%$50k-12 Month Share Certificate
0.35%$50k-6 Month Share Certificate
0.30%$50k-91 Day Share Certificate

Southwest Oklahoma Credit Union IRA Rates

0.95%$50k-60 Month IRA Certificate
0.70%$50k-36 Month IRA Certificate
0.45%$50k-24 Month IRA Certificate
0.40%$50k-12 Month IRA Certificate

Southwest Oklahoma Credit Union Locations
Branch Office1806 NW Liberty AveLawton, OK 73507
Branch Office4515 SE Lee BlvdLawton, OK 73501
Branch Office6714 W Gore BlvdLawton, OK 73505