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Overview / Commentary
800-234-8828
3720 E 31st St
Tulsa, OK 74135-1507

Tulsa Teachers Credit Union is headquartered in Tulsa and is the 2nd largest credit union in the state of Oklahoma. It is also the 133rd largest credit union in the nation. It was established in 1934 and as of March of 2014, it had grown to 295 employees and 112,069 members. Tulsa Teachers Credit Union's money market rates are 36% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

TTCU serves the following Oklahoma counties: Tulsa, Creek, Osage, Adair, Cherokee, Craig, Delaware, Mayes, Nowata, Okmulgee, Ottawa, Rogers, Wagoner and Washington. - See Details

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Health

Data for Q1 2014

Institution Health

A+

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 Teachers Credit Union had $14.41 million in non-current loans and owned real-estate with $187.98 million in equity and loan loss allowances on hand to cover it. This gives Tulsa Teachers Credit Union a Texas Ratio of 7.67% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Tulsa Teachers Credit Union decreased slightly from 8.78% as of March 31, 2013 to 7.67% as of March 31, 2014, resulting in a positive change of 12.65%.This indicates that the balance sheet and financial strength for Tulsa Teachers Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Tulsa Teachers Credit Union has increased its total deposits by $124.14 million, resulting in 12.29% 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 Teachers Credit Union has shown is excellent.

Capitalization

GRADE:
A+

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 Teachers Credit Union has $1.45 billion in assets with $187.98 million in equity, resulting in a capitalization level of 13.01%, which is excellent.

Institution Statistics

Overall
NCUA #60553
Year Chartered1934
Employees295
Primary Regulator
Assets and Liabilities
Assets$1.45 billion
Loans$1.11 billion
Deposits$1.13 billion
Equity Capital$175.66 million
Loan Loss Allowance$12.32 million
Unbacked Noncurrent Loans$13.89 million
Real Estate Owned$524,000
Historic Data - March 2013
Assets$1.30 billion
Equity Capital$166.99 million
Loan Loss Allowance$10.77 million
Unbacked Noncurrent Loans$13.89 million
Real Estate Owned$164,000
Profit Margin - Quarterly
Return on Assets0.85%
Return on Equity7.03%
Interest Income$14.87 million
Rates

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Tulsa Teachers Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.70%$40k-Roth Savings
0.70%$40k-IRA Savings
0.40%$40k-Share Accounts

Tulsa Teachers Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.60%$50k-Money Market Account

Tulsa Teachers Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--Classic Checking
0.20%--Rewards Checking

Tulsa Teachers Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$50k-48 Month Jumbo CD
1.45%$1k-48 Month CD
1.30%$50k-36 Month Jumbo CD
1.25%$1k-36 Month CD
1.05%$50k-24 Month Jumbo CD
1.05%$50k-19 Month Jumbo CD Special
1.00%$1k-24 Month CD
1.00%$1k$50k19 Month CD Special
0.85%$50k-18 Month Jumbo CD
0.80%$1k-18 Month CD
0.75%$50k-12 Month Jumbo CD
0.70%$1k-12 Month CD
0.70%$50k-6 Month Jumbo CD
0.65%$1k-6 Month CD

Tulsa Teachers Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.50%$1k-48 Month IRA
1.50%$1k-48 Month Roth IRA
1.30%$1k-36 Month IRA
1.30%$1k-36 Month Roth IRA
1.05%$1k-24 Month IRA
1.05%$1k-24 Month Roth IRA
1.05%$1k-19 Month IRA Special
1.05%$1k-19 Month Roth IRA Special
0.75%$1k-12 Month IRA
0.75%$1k-12 Month Roth IRA
Locations

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