Weokie Credit Union is headquartered in Oklahoma City and is the 3rd largest credit union in the state of Oklahoma. It is also the 235th largest credit union in the nation. It was established in 1969 and as of March of 2014, it had grown to 178 employees and 52,304 members. Weokie Credit Union has a A health rating.
Field of Membership Restrictions
Your are eligible if you live, work, worship, or attend school in select Oklahoma counties. - See Details
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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 Weokie Credit Union had $755,000 in non-current loans and owned real-estate with $104.37 million in equity and loan loss allowances on hand to cover it. This gives Weokie Credit Union a Texas Ratio of 0.72% 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 Weokie Credit Union decreased dramatically from 1.05% as of March 31, 2013 to 0.72% as of March 31, 2014, resulting in a positive change of 30.94%.This indicates that the balance sheet and financial strength for Weokie Credit Union has improved dramatically in recent periods.
Deposit Growth
In the past year, Weokie Credit Union has increased its total deposits by $28.66 million, resulting in 4.09% 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 Weokie 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. Weokie Credit Union has $955.03 million in assets with $104.37 million in equity, resulting in a capitalization level of 10.93%, which is above average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 60380 |
| Year Chartered | 1969 |
| Employees | 178 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $955.03 million |
| Loans | $425.10 million |
| Deposits | $729.84 million |
| Equity Capital | $101.06 million |
| Loan Loss Allowance | $3.31 million |
| Unbacked Noncurrent Loans | $693,000 |
| Real Estate Owned | $62,000 |
| Historic Data - March 2013 | |
|---|---|
| Assets | $892.95 million |
| Equity Capital | $93.89 million |
| Loan Loss Allowance | $3.87 million |
| Unbacked Noncurrent Loans | $693,000 |
| Real Estate Owned | $41,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 1.01% |
| Return on Assets | 0.68% |
| Return on Equity | 6.46% |
| Interest Income | $6.39 million |
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Weokie Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.45% | $25k | - | Silver Savings | |
| 0.25% | - | - | IRA Savings | |
| 0.25% | - | - | Roth IRA Savings | |
| 0.15% | $25 | - | Membership Savings | |
| 0.15% | - | - | Special Savings | |
| 0.15% | - | - | Smart Savers |
Weokie Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.20% | $2,500 | - | Money Market |
Weokie Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.51% | - | $25k | Ultimate Checking - Qualifying | |
| 0.10% | $20 | - | Checking | |
| 0.10% | $20 | - | Select Checking |
Weokie Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.51% | $100k | - | 60 Month Certificate | |
| 1.41% | $100k | - | 48 Month Certificate | |
| 1.41% | - | - | 60 Month Serious Savings Certificate | |
| 1.31% | - | - | 48 Month Serious Savings Certificate | |
| 1.21% | $100k | - | 36 Month Certificate | |
| 1.11% | - | - | 36 Month Serious Savings Certificate | |
| 0.90% | $100k | - | 24 Month Certificate | |
| 0.90% | $100k | - | 30 Month Certificate | |
| 0.80% | - | - | 24 Month Serious Savings Certificate | |
| 0.80% | - | - | 30 Month Serious Savings Certificate | |
| 0.75% | $100k | - | 12 Month Certificate | |
| 0.65% | - | - | 12 Month Serious Savings Certificate | |
| 0.60% | $100k | - | 6 Month Certificate | |
| 0.40% | $100k | - | 3 Month Certificate |
Weokie Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.51% | $100k | - | 60 Month Certificate IRA | |
| 1.41% | $100k | - | 48 Month Certificate IRA | |
| 1.21% | $100k | - | 36 Month Certificate IRA | |
| 0.90% | $100k | - | 24 Month Certificate IRA | |
| 0.90% | $100k | - | 30 Month Certificate IRA | |
| 0.75% | $100k | - | 12 Month Certificate IRA | |
| 0.60% | $100k | - | 6 Month Certificate IRA | |
| 0.40% | $100k | - | 3 Month Certificate IRA |
| Weokie Credit Union Locations | ||
|---|---|---|
| Branch Office | 801 Westend Pointe Dr | Yukon, OK 73099-6373 |
| Branch Office | 1551 S I 35 Service Rd | Moore, OK 73160-3171 |
| Branch Office | 4528 NW Expressway | Oklahoma City, OK 73132-5201 |
| Branch Office | 822 W Edmond Rd | Edmond, OK 73003-5670 |
| Branch Office | 5909 NW Expressway | Oklahoma City, OK 73132-5161 |
| Branch Office | 7600 S Pennsylvania Ave | Oklahoma City, OK 73159-5217 |
| Branch Office | 8100 W Reno Ave | Oklahoma City, OK 73127-7229 |
| Branch Office | 800 SW 119th St | Oklahoma City, OK 73170 |
| Branch Office | 2727 SW 15th St | Oklahoma City, OK 73108-2451 |