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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 5,291st largest credit union in the nation. It was established in 1953 and as of September of 2016, it had grown to 1 employees and 637 members at 1 location. Velma Federal Credit Union has a C health rating.


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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

NCUA #8962
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD1.43%
Return on Equity - YTD14.53%
Annual Interest Income$90.00K
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$2.6MM$2.6MM
LoansQ3 2016vs Q3 2015$1.9MM$1.7MM
DepositsQ3 2016vs Q3 2015$2.4MM$2.4MM
Equity CapitalQ3 2016vs Q3 2015$257.00K$232.00K
Loan Loss AllowanceQ3 2016vs Q3 2015$23.00K$15.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$94.00K$128.00K
Real Estate OwnedQ3 2016vs Q3 2015$0$0

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