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Overview / Commentary
1 1/4 Mile West Of Velma Old Hwy 7
Velma, OK 73491

Velma Federal Credit Union is headquartered in Velma and is the 60th largest credit union in the state of Oklahoma. It is also the 5,372nd largest credit union in the nation. It was established in 1953 and as of March of 2016, it had grown to 1 employees and 630 members at 1 location. Velma Federal Credit Union has a C- health rating.

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Health
C-
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 - YTD1.24%
Return on Equity - YTD13.5%
Annual Interest Income$30.00K
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$2.7MM$2.6MM
LoansQ1 2016vs Q1 2015$1.8MM$1.4MM
DepositsQ1 2016vs Q1 2015$2.4MM$2.3MM
Equity CapitalQ1 2016vs Q1 2015$237.00K$225.00K
Loan Loss AllowanceQ1 2016vs Q1 2015$23.00K$13.00K
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$103.00K$67.00K
Real Estate OwnedQ1 2016vs Q1 2015$0$0
Rates

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Locations


Velma Federal Credit Union Locations
Branch Office1 1/4 mile west of Velma Old Hwy 7Velma, OK 73491