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Employees Credit Union

Overview
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Employees Credit Union is a federal credit union based in Tulsa, Oklahoma. It has been opened since 1954, for 66 years.

With around $24,150,000 in assets, Employees Credit Union is considered to be an average size credit union. It has 3 branches and 2 ATM locations.

About
Address 1120 W. 17th Street
Tulsa, Oklahoma 74107
Website http://www.employeesfed.com
Phone (918) 582-7573
Fax (918) 582-7588
CEO John W. Hughes
President of the Board Ross Weller
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
2,786 members
Membership type: Multiple common bond – primary federal, state, local government
Average number of members
242:1
Credit union member to staff ratio
242 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$24,150,809
Total assets
Average size
3 branches
Compared with an average of 4 nationally and 4 in Oklahoma
Above average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
Branches
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3 branches
Compared with an average of 4 nationally and 4 in Oklahoma
Above average number of branches
Employees Credit Union Branch Locations

Employees Federal Credit Union
1120 W. 17th Street
Tulsa, Oklahoma 74107
No ATM
Employees Federal Credit Union - Eastgate
14002 E. 21st Street Suite 1170
Tulsa, Oklahoma 74134
ATM Available
Employees Federal Credit Union - Downtown
100 S. Cincinnati Avenue
Suite 300
Tulsa, Oklahoma 74103
ATM Available
Members
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2,786 members
Membership type: Multiple common bond – primary federal, state, local government
Average number of members

With 2,786 members, the Employees Credit Union is considered to be a medium size credit union. It is larger than 43% of credit unions.

Fees
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$122
Average fee per member
The average fee per member at the Employees Credit Union is $122, which is very high compared to most credit unions. This rate is higher than 91% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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242:1
Credit union member to staff ratio
242 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
12 staff members
FTE (full-time equivalent)
23% of employees are part-time
10 full-time, 3 part-time

Employees Credit Union has 10 full-time staff members and 3 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 77% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Employees Credit Union has around 242 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$24,150,809
Total assets
Average size
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
7.5%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$11,532
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 61% of credit unions.

Employees Credit Union holds a total of $14,650,000 in loans and leases, which is about $11,532 per member on average.

Savings interest rate
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0.25%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Employees Credit Union pays 0.25%.

Loan rates
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8.49%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.49%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.24%
New car loan rate
Compared to 4.0% nationally
5.24%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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