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918-362-1400
4620 W Kenosha St
Broken Arrow, OK 74012-8966

Western Sun Credit Union is headquartered in Broken Arrow and is the 17st largest credit union in the state of Oklahoma. It is also the 1,250th largest credit union in the nation. It was established in 1940 and as of March of 2014, it had grown to 47 employees and 26,875 members. Western Sun Credit Union's money market rates are 36% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must work, worship, live, volunteer or attend school in Tulsa or Okmulgee County. - See Details

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B+

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 Western Sun Credit Union had $2 million in non-current loans and owned real-estate with $15.61 million in equity and loan loss allowances on hand to cover it. This gives Western Sun Credit Union a Texas Ratio of 12.78% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Western Sun Credit Union increased slightly from 4.66% as of March 31, 2013 to 12.78% as of March 31, 2014, resulting in a negative change of 173.92%. This indicates that the balance sheet and financial strength for Western Sun Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Western Sun Credit Union has increased its total deposits by $7.66 million, resulting in 6.95% 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 Western Sun 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. Western Sun Credit Union has $133.55 million in assets with $15.61 million in equity, resulting in a capitalization level of 11.69%, which is excellent.

Institution Statistics

Overall
NCUA #4202
Year Chartered1940
Employees47
Primary Regulator
Assets and Liabilities
Assets$133.55 million
Loans$96.84 million
Deposits$117.97 million
Equity Capital$15.11 million
Loan Loss Allowance$507,000
Unbacked Noncurrent Loans$2.00 million
Real Estate Owned$0
Historic Data - March 2013
Assets$125.04 million
Equity Capital$13.82 million
Loan Loss Allowance$501,000
Unbacked Noncurrent Loans$2.00 million
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets1.05%
Return on Equity9.32%
Interest Income$1.46 million
Rates

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Western Sun Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$40k-Savings Account
0.30%--Christmas Club Savings Account

Western Sun Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.60%$50k-Money Market Checking

Western Sun Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$500-Checking Account

Western Sun Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$1k-3 Year CD
1.10%$95k-18 Month Jumbo
1.10%$95k-2 Year Jumbo
1.05%$1k-18 Month CD
1.05%$1k-2 Year CD
0.95%$95k-1 Year Jumbo
0.95%$1k-7 Month New Deposit CD Special
0.90%$1k-1 Year CD
0.65%$1k-7 Month CD
0.65%$95k-6 Month Jumbo
0.60%$1k-6 Month CD

Western Sun Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.90%$50-1 Year IRA
Locations


Western Sun Credit Union Locations
Branch Office11709 S Memorial DrBixby, OK 74008
Branch Office3356 Southwest BlvdTulsa, OK 74107
Branch Office606 E 6th StOkmulgee, OK 74447
Branch Office4620 W Kenosha StBroken Arrow, OK 74012-8966
Branch Office907 S Detroit AveTulsa, OK 74120-4205