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Overview / Commentary
918-610-0200
9323 E 21st St
Tulsa, OK 74129-1400

Tulsa Credit Union is headquartered in Tulsa and is the 6th largest credit union in the state of Oklahoma. It is also the 344th largest credit union in the nation. It was established in 1943 and as of March of 2014, it had grown to 179 employees and 61,333 members. Tulsa Credit Union's money market rates are 25% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee of the Federal government including military personnel or retired civil service, guard or reserve in Tulsa County or the adjoining counties of Creek, Pawnee, Osage, Washington, Rogers, Wagoner, Okmulgee or Kay. Also open to employees of several Select Employee Groups (SEGs). - See Details

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Health

Data for Q1 2014

Institution Health

B+

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 Tulsa Credit Union had $6.25 million in non-current loans and owned real-estate with $58.14 million in equity and loan loss allowances on hand to cover it. This gives Tulsa Credit Union a Texas Ratio of 10.74% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Tulsa Credit Union increased slightly from 4.85% as of March 31, 2013 to 10.74% as of March 31, 2014, resulting in a negative change of 121.34%. This indicates that the balance sheet and financial strength for Tulsa Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Tulsa Credit Union has increased its total deposits by $31.29 million, resulting in 5.47% 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 Tulsa 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. Tulsa Credit Union has $662.27 million in assets with $58.14 million in equity, resulting in a capitalization level of 8.78%, which is average.

Institution Statistics

Overall
NCUA #24812
Year Chartered1943
Employees179
Primary Regulator
Assets and Liabilities
Assets$662.27 million
Loans$365.14 million
Deposits$602.88 million
Equity Capital$54.61 million
Loan Loss Allowance$3.53 million
Unbacked Noncurrent Loans$6.20 million
Real Estate Owned$48,000
Historic Data - March 2013
Assets$640.07 million
Equity Capital$64.43 million
Loan Loss Allowance$2.10 million
Unbacked Noncurrent Loans$6.20 million
Real Estate Owned$196,000
Profit Margin - Quarterly
Net Interest Margin1.1%
Return on Assets-0.19%
Return on Equity-2.3%
Interest Income$5.68 million
Rates

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Tulsa Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%--IRA Shares
0.35%$40k-Share Savings
0.20%--Special 4 Account
0.20%--Christmas Club

Tulsa Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.55%$100k-Money Market Account

Tulsa Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$500-Traditional Checking
0.15%$2k-Rewards Checking
0.15%$1k-DBA (Doing Business As) Checking
0.15%$2k-Business Checking

Tulsa Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.55%--60 Month CD
1.45%--48 Month CD
1.25%--36 Month CD
1.00%--24 Month CD
0.70%--18 Month CD
0.60%--12 Month CD
0.50%--6 month CD

Tulsa Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.55%--60 Month IRA
1.45%--48 Month IRA
1.25%--36 Month IRA
1.00%--24 Month IRA
0.70%--18 Month IRA
0.60%--12 Month IRA
Locations

Tulsa Credit Union has 13 locations. Click to view all Tulsa Credit Union locations.