Oklahoma Educators Credit Union
Oklahoma Educators Credit Union is headquartered in OKLAHOMA CITY and is the 14th largest credit union in the state of Oklahoma. It is also the 1,117th largest credit union in the nation. It was established in 1960 and as of June of 2023, it had grown to 99 employees and 14,155 members at 8 locations. Oklahoma Educators Credit Union has a B health rating.
Field of Membership Restrictions
Oklahoma Educators Credit Union is open to all school employees and students in the state of Oklahoma, and Select Employee Groups. Immediate family members of individual who are membership-eligible also qualify for membership..
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Fantastic Overall Experience
My loan advisor Danielle Hamilton at the Norman branch went far beyond any other credit/loan agent has ever done by my witnessing of personal experience, as well as other’s experience… by continuously working with the dealership and previous loan agency (that seemed to have a road block after road block), but stuck with it and overcame their problematic obstacles to give me the lowest percentage rate possible… I’ll never look anywhere else for my financial loan needs! I only hope that Danielle will be around if I ever need to!!!
Wonderful Experience!
This place was super helpful! The Branch Manager at Norman Zach was extremely helpful and knowledgeable. He helped me step by step through the loan process. He even gave me the info I needed to negotiate a great deal on my new car with the dealer. I highly recommend him. He takes care of business and offered me a great warranty on my new car. He helped me setup my new account at the credit union. Logged me into mobile banking with the app. He left no stone unturned. I Highly recommend.
Worst Credit Union EVER.
Worse than most banks. Been banking for 36 years, never seen a bank OR a credit union with such horrid customer service, draconian fees, and so MUCH lost paperwork. Do yourself a huge favor and bury your money in a box in the backyard. It'd be safer than letting anyone with this credit union touch it!
Update:
This is the MOST draconian credit union EVER. I got 60 days past due on my car loan, then they repoed my car after I explained that Covid was taking its toll on my finances. Rather than be understanding, they proceeded to close my account as soon as my stimulus hit, thus also denying me federal stimulus aid in direct violation of federal law. Do NOT go here!
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61088 |
| Year Chartered | 1960 |
| Employees | 99 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.2% |
| Return on Equity - YTD | 13.78% |
| Annual Interest Income | $7.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $248.5MM$239.0MM |
| Loans | Q2 2023vs Q2 2022 | $172.2MM$179.8MM |
| Deposits | Q2 2023vs Q2 2022 | $186.5MM$210.6MM |
| Equity Capital | Q2 2023vs Q2 2022 | $21.8MM$19.6MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$7.9MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $749.00K$332.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |