TTCU Federal Credit Union is headquartered in Tulsa and is the 2nd largest credit union in the state of Oklahoma. It is also the 144th largest credit union in the nation. It was established in 1934 and as of September of 2019, it had grown to 408 employees and 132,993 members at 17 locations. TTCU Federal Credit Union's money market rates are 3X the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership is open to employees, students, educators or retirees of all public and private institutions of learning and higher learning and continuing education in the counties of Tulsa, Creek, Osage, Adair, Cherokee, Craig, Delaware, Mayes, Nowata, Okmulgee, Ottawa, Rogers, Wagoner and Washington. Membership is also open to members of professional educators associations or governing boards of affiliated education institutions in those counties and to over 100 select employer groups.
See current membership details
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For the most part I use this account for my direct deposit, but I have had an account for over 30 years. I am the son of two teachers and was able to get an account there before they opened their services to the general public. At that time, there was only one branch, and now there are several. The upshot is that I had very personal service from this bank for many years, sometimes not even needing personal identification because the tellers knew who I was.
The bank has grown now, and does a pretty good job for me. They are less willing to extend credit to me than I thought they should be, but I can usually get around that. I was able to get a car loan there by having my wife co-sign (she is baking with the institution she grew up using), but they would not grant a loan for debt reconciliation.
A member for decades
I have had a checking and savings account at Tulsa Teachers Credit Union for over 3 decades. Since my parents were teachers, I was able to join as a teenager before membership was open to the general public. I mostly bank online these days, using direct deposit from my job to my checking account. Using the drive through window, I withdraw cash every month to put in my wife's account rather than writing her a check. I can also monitor my mother's money market account since she had me put on it with power of attorney. I find the online access is fairly easy, although using a mobile device is not always an effective way to bank, for me anyway.
Transferring funds between accounts
I really like Tulsa Teachers Credit Union. My family and I have been banking with them for several years. They are located close to my work which makes it very convenient. Their checking accounts are comparable with the big banks in our area. While they don't have a great savings rate, it's better than a lot of the banks I see. The people are very friendly, especially with my children. Any time I've had a question, the people there are helpful and take as long as I need to make sure I understand everything. Their online banking system is adequate for my needs. I especially like to check my account balance online. Overall, I would recommend them to anyone who qualifies for membership.
Data as of Q3 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24887 |
| Year Chartered | 1934 |
| Employees | 408 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.91% |
| Return on Equity - YTD | 6.4% |
| Annual Interest Income | $59.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $1.96B$1.86B |
| Loans | Q3 2019vs Q3 2018 | $1.30B$1.28B |
| Deposits | Q3 2019vs Q3 2018 | $1.45B$1.38B |
| Equity Capital | Q3 2019vs Q3 2018 | $277.0MM$240.6MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $9.3MM$10.4MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $6.5MM$6.9MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $502.00K$485.00K |
