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Oklahoma Credit Union

Overview
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Oklahoma Credit Union is a federal credit union based in Oklahoma City, Oklahoma. It has been opened since 1951, for 69 years.

With around $128,820,000 in assets, Oklahoma Credit Union is considered to be a large credit union. It has 3 branches and 2 ATM locations.

About
Address 517 NE 36th Street
Oklahoma City, Oklahoma 73105
Website http://www.okfcu.com
Phone (405) 524-6467
Fax (405) 524-1067
CEO Tim J. Delise
President of the Board Charlotte Walker
Services Offered
Map
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Score Card
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69 years
Years in business
Opened in 1951
Well Capitalized
Net worth classification
Source: NCUA
10,861 members
Membership type: Multiple common bond – other
Above average number of members
587:1
Credit union member to staff ratio
587 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$128,822,933
Total assets
Above average
3 branches
Compared with an average of 4 nationally and 4 in Oklahoma
Above average number of branches
0.40%
Savings interest rate
Compared to 0.3% nationally
9.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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3 branches
Compared with an average of 4 nationally and 4 in Oklahoma
Above average number of branches
Oklahoma Credit Union Branch Locations

Oklahoma Credit Union: Main Branch
517 NE 36th Street
Oklahoma City, Oklahoma 73105
ATM Available
Oklahoma Credit Union: Dell Branch
3501 SW 15th Street
Oklahoma City, Oklahoma 73108
ATM Available
Oklahoma Credit Union: Midwest City Branch
2828 Parklawn Drive
Suite 12
Midwest City, Oklahoma 73110
No ATM
Members
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10,861 members
Membership type: Multiple common bond – other
Above average number of members

With 10,861 members, the Oklahoma Credit Union is considered to be a large credit union. It is larger than 72% of credit unions.

Fees
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$108
Average fee per member
The average fee per member at the Oklahoma Credit Union is $108, which is very high compared to most credit unions. This rate is higher than 88% 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 Oklahoma Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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587:1
Credit union member to staff ratio
587 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
18 staff members
FTE (full-time equivalent)
5% of employees are part-time
18 full-time, 1 part-time

Oklahoma Credit Union has 18 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 95% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Oklahoma Credit Union has around 587 members per staff, a high ratio compared to other credit unions.

Assets
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$128,822,933
Total assets
Above average
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.
15.0%
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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$14,959
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 80% of credit unions.

Oklahoma Credit Union holds a total of $90,170,000 in loans and leases, which is about $14,959 per member on average.

Savings interest rate
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0.40%
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. Oklahoma Credit Union pays 0.40%.

Loan rates
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9.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
9.25%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.25%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.50%
New car loan rate
Compared to 4.0% nationally
3.50%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally