Truity Credit Union is headquartered in Bartlesville and is the 5th largest credit union in the state of Oklahoma. It is also the 313st largest credit union in the nation. It was established in 1939 and as of March of 2014, it had grown to 175 employees and 68,537 members. Truity Credit Union has a B+ health rating.
Field of Membership Restrictions
Truity Credit Union is a Community Partner with hundreds of different companies. Community Partners offer membership in Truity Credit Union as an employee benefit. Take a look at the list of Community Partners. If you work for one of these companies, you are automatically eligible for membership through your employer.Supporters of Truity Education Foundation can become members. Immediate family members of current Truity Credit Union members are automatically eligible for membership. This includes spouses, children, parents, siblings, grandchildren, grandparents, stepchildren, stepparents, adoptive parents and persons living in the same residence maintaining a single economic unit. - See Details
Data for Q1 2014
Institution Health
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 Truity Credit Union had $5.86 million in non-current loans and owned real-estate with $57.05 million in equity and loan loss allowances on hand to cover it. This gives Truity Credit Union a Texas Ratio of 10.26% 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 Truity Credit Union experienced no significant changes from 8.42% as of March 31, 2013 to 10.26% as of March 31, 2014, resulting in a negative change of 21.91%. This indicates that the balance sheet and financial strength for Truity Credit Union has had no significant changes in recent periods.
Deposit Growth
In the past year, Truity Credit Union has increased its total deposits by $34.76 million, resulting in 5.57% 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 Truity Credit Union has shown is excellent.
Capitalization
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. Truity Credit Union has $726.93 million in assets with $57.05 million in equity, resulting in a capitalization level of 7.85%, which is below average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 3130 |
| Year Chartered | 1939 |
| Employees | 175 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $726.93 million |
| Loans | $529.38 million |
| Deposits | $658.81 million |
| Equity Capital | $52.44 million |
| Loan Loss Allowance | $4.61 million |
| Unbacked Noncurrent Loans | $5.49 million |
| Real Estate Owned | $370,000 |
| Historic Data - March 2013 | |
|---|---|
| Assets | $698.07 million |
| Equity Capital | $51.94 million |
| Loan Loss Allowance | $3.69 million |
| Unbacked Noncurrent Loans | $5.49 million |
| Real Estate Owned | $571,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 1.07% |
| Return on Assets | 0.25% |
| Return on Equity | 3.46% |
| Interest Income | $6.27 million |
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Truity Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.15% | $25 | - | Share Savings | |
| 0.15% | - | - | IRA Share | |
| 0.15% | - | - | Roth IRA Share | |
| 0.15% | - | - | CESA Share | |
| 0.15% | - | - | Health Savings | |
| 0.15% | - | - | Johnny Appleseed | |
| 0.15% | - | - | Business Savings | |
| 0.05% | - | - | Health Checking |
Truity Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.30% | $50k | - | Advantage Money Market | |
| 0.30% | $50k | - | Business Advantage Money Market | |
| 0.25% | $75k | - | Performance Fund Money Market | |
| 0.25% | $25k | - | Performance Plus Money Market | |
| 0.25% | $75k | - | Business Performance Fund Money Market | |
| 0.25% | $25k | - | Business Performance Plus Money Market |
Truity Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.10% | $25k | - | Advantage Checking | |
| 0.10% | $25k | - | Business Advantage Checking | |
| 0.05% | - | - | Dividend Checking | |
| 0.05% | - | - | Gold Checking |
Truity Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.35% | $500 | - | 60 Month Share Certificate | |
| 1.15% | $500 | - | 48 Month Share Certificate | |
| 1.05% | $500 | - | 36 Month Share Certificate | |
| 1.05% | $1k | - | 36 Month HSA Certificate | |
| 0.80% | $500 | - | 24 Month Share Certificate | |
| 0.80% | $500 | - | 25 Month Share Certificate | |
| 0.70% | $500 | - | 18 Month Share Certificate | |
| 0.65% | $50k | - | 12 Month Jumbo Share Certificate | |
| 0.60% | $500 | - | 12 Month Share Certificate | |
| 0.60% | $500 | - | Business 12 Month Share Certificate | |
| 0.55% | $50k | - | 9 Month Jumbo Share Certificate | |
| 0.40% | $50k | - | 6 Month Jumbo Share Certificate | |
| 0.35% | $500 | - | 182 Day Share Certificate | |
| 0.35% | $500 | - | Business 182 Day Share Certificate | |
| 0.25% | $50k | - | 91 Day Jumbo Share Certificate | |
| 0.25% | $500 | - | 5 Month Share Certificate | |
| 0.20% | $500 | - | 91 Day Share Certificate | |
| 0.20% | $500 | - | Business 91 Day Share Certificate |
Truity Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.35% | $500 | - | 60 Month IRA Certificate | |
| 1.15% | $500 | - | 48 Month IRA Certificate | |
| 1.05% | $500 | - | 36 Month IRA Certificate | |
| 0.80% | $500 | - | 24 Month IRA Certificate | |
| 0.80% | $500 | - | 25 Month IRA Certificate | |
| 0.70% | $500 | - | 18 Month IRA Certificate | |
| 0.65% | $50k | - | 12 Month Jumbo IRA Certificate | |
| 0.60% | $500 | - | 12 Month IRA Certificate | |
| 0.55% | $50k | - | 9 Month Jumbo IRA Certificate | |
| 0.40% | $50k | - | 6 Month Jumbo IRA Certificate | |
| 0.35% | $500 | - | 182 Day IRA Certificate | |
| 0.25% | $500 | - | 5 Month IRA Certificate |
| Truity Credit Union Locations | ||
|---|---|---|
| Branch Office | 501 S Johnstone Ave | Bartlesville, OK 74003-6622 |
| Branch Office | 66 Federal Credit Union 3010 Briarpark Dr Ste 165 | Houston, TX 77042 |
| Branch Office | 2221 W 31st St | Lawrence, KS 66049 |
| Branch Office | 1300 W 23rd St | Lawrence, KS 660462736 |
| Branch Office | 1910 Thompson St | Springdale, AR 72764-6328 |
| Branch Office | 2612 SE Washington Blvd | Bartlesville, OK 74006-7614 |
| Branch Office | 3400 W 6th St | Lawrence, KS 66049-3215 |
| Branch Office | 600 N Dairy Ashford Rd | Houston, TX 77079-1100 |