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Overview / Commentary
1111 N Lee Ave Ste 125
Oklahoma City, OK 73103

Ssmok Employees Credit Union is headquartered in Oklahoma City and is the 56th largest credit union in the state of Oklahoma. It is also the 4,733rd largest credit union in the nation. It was established in 1965 and as of March of 2014, it had grown to 3 employees and 1,469 members. Ssmok Employees Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee of the U.S. Government (except military or civilian personnel who is assigned at Altus Air Force Base in Oklahoma) who work in one of the several select counties in Oklahoma or be an employee of SSM Health Care. - 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. Ssmok Employees Credit Union has a very 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 Ssmok Employees Credit Union had $0 in non-current loans and owned real-estate with $1.49 million in equity and loan loss allowances on hand to cover it. This gives Ssmok Employees Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth


In the past year, Ssmok Employees Credit Union has increased its total deposits by $531,000, resulting in 8.52% 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 Ssmok Employees Credit Union has shown is excellent.



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. Ssmok Employees Credit Union has $8.24 million in assets with $1.49 million in equity, resulting in a capitalization level of 18.05%, which is excellent.

Institution Statistics

NCUA #16755
Year Chartered1965
Primary Regulator
Assets and Liabilities
Assets$8.25 million
Loans$3.69 million
Deposits$6.76 million
Equity Capital$1.47 million
Loan Loss Allowance$22,000
Real Estate Owned$0
Historic Data - March 2013
Assets$7.74 million
Equity Capital$1.50 million
Loan Loss Allowance$29,000
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.19%
Return on Equity1.09%
Interest Income$75,000
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Ssmok Employees Credit Union Savings Account Rates

0.25%--Regular Share Account

Ssmok Employees Credit Union Checking Account Rates

0.15%$300-Share Draft Plus Account

Ssmok Employees Credit Union CD Rates

1.10%$1,500-36 Month CD
0.85%$1,500-30 Month CD
0.70%$1,500-24 Month CD
0.60%$1,500-18 Month CD
0.50%$1,500-12 Month CD
0.40%$1,500-6 MonthCD
0.30%$1,500-3 Month CD

Ssmok Employees Credit Union IRA Rates

1.00%$1k-Individual Retirement Account

Ssmok Employees Credit Union Locations
Branch Office1111 N Lee Ave Ste 125Oklahoma City, OK 73103