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Overview / Commentary
297655 E Old Hwy 7 Rd
Duncan, OK 73533

Velma Federal Credit Union is headquartered in Duncan and is the 58th largest credit union in the state of Oklahoma. It is also the 5,071st largest credit union in the nation. It was established in 1953 and as of December of 2017, it had grown to 1 employees and 656 members at 1 location. Velma Federal Credit Union has a C health rating.

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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Velma Federal Credit Union has a very low asset base.

Health Grade Components

Overall
NCUA #8962
Year Chartered1953
Employees1
Primary Regulator
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD7.69%
Annual Interest Income$137.00K
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$2.8MM$2.9MM
LoansQ4 2017vs Q4 2016$2.1MM$1.9MM
DepositsQ4 2017vs Q4 2016$2.5MM$2.7MM
Equity CapitalQ4 2017vs Q4 2016$286.00K$263.00K
Loan Loss AllowanceQ4 2017vs Q4 2016$18.00K$23.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$51.00K$93.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$0
Rates

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Locations


Velma Federal Credit Union Locations
Branch Office297655 E Old Hwy 7 RdDuncan, OK 73533-1291

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