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P.O. Box 186
Velma, OK 73491

Velma Credit Union is headquartered in Velma and is the 64th largest credit union in the state of Oklahoma. It is also the 5,873rd largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 1 employees and 618 members. Velma Credit Union has a D health rating.

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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. Velma 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 Velma Credit Union had $116,000 in non-current loans and owned real-estate with $231,000 in equity and loan loss allowances on hand to cover it. This gives Velma Credit Union a Texas Ratio of 50.22% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Velma Credit Union increased slightly from 9.75% as of March 31, 2013 to 50.22% as of March 31, 2014, resulting in a negative change of 415.26%. This indicates that the balance sheet and financial strength for Velma Credit Union has declined slightly in recent periods.

Deposit Growth


In the past year, Velma Credit Union has decreased its total deposits by $-128,000, resulting in -6.11% 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 Velma Credit Union has shown is below 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. Velma Credit Union has $2.19 million in assets with $231,000 in equity, resulting in a capitalization level of 10.55%, which is above average.

Institution Statistics

NCUA #8962
Year Chartered1953
Primary Regulator
Assets and Liabilities
Assets$2.19 million
Deposits$1.97 million
Equity Capital$217,000
Loan Loss Allowance$14,000
Unbacked Noncurrent Loans$116,000
Real Estate Owned$0
Historic Data - March 2013
Assets$2.33 million
Equity Capital$222,000
Loan Loss Allowance$14,000
Unbacked Noncurrent Loans$116,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets-0.18%
Return on Equity-1.84%
Interest Income$18,000

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Velma Credit Union Locations
Branch Office1 1/4 mile west of Velma Old Hwy 7Velma, OK 73491