Safe and Sound

CREDIT UNION ONE OF OKLAHOMA

Oklahoma City, OK
4
Star Rating
CREDIT UNION ONE OF OKLAHOMA is an NCUA-insured credit union started in 1949 and currently headquartered in Oklahoma City, OK. As of December 31, 2017, the credit union held assets of $42.8 million.

Members have $32.9 million on deposit tended by 16 full-time employees. With that footprint, the credit union currently holds loans and leases worth $32.9 million. CREDIT UNION ONE OF OKLAHOMA's 6,016 members currently have $37.8 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, CREDIT UNION ONE OF OKLAHOMA exhibited a good condition, earning 4 out of 5 stars for safety and soundness. Keep reading for a breakdown of how the credit union did on the three key criteria Bankrate used to score U.S. credit unions.

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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring an institution's financial fortitude, capital is important. It works as a buffer against losses and affords protection for members when a credit union is experiencing financial trouble. When it comes to safety and soundness, the more capital, the better.

On our test to measure capital adequacy, CREDIT UNION ONE OF OKLAHOMA received a score of 12 out of a possible 30 points, coming in below the national average of 15.65.

CREDIT UNION ONE OF OKLAHOMA had a capitalization ratio of 12.00 percent in our test, worse than the average for all credit unions, an indication that it's on less solid financial footing than its peers.

Asset Quality Score

In this test, Bankrate tries to determine the impact of troubled assets, such as past-due loans, on the credit union's loan loss reserves and overall capitalization.

A credit union with large numbers of these kinds of assets could eventually be forced to use capital to absorb losses, reducing its cushion of equity. It also means that there are likely to be many assets that are in non-accrual status and thus aren't earning interest for the credit union, resulting in depressed earnings and potentially more risk of a future failure.

CREDIT UNION ONE OF OKLAHOMA scored 36 out of a possible 40 points on Bankrate's asset quality test, less than the national average of 38.09.

Troubled assets made up 0.00 percent of CREDIT UNION ONE OF OKLAHOMA's total assets in our test, less than the national average and potentially indicative of superior financial strength compared to other credit unions.

Earnings score

A credit union's earnings performance affects its long-term survivability. Earnings can be retained by the credit union, boosting its capital buffer, or be used to address problematic loans, potentially making the credit union better able to withstand financial trouble. Credit unions that are losing money, however, have less ability to do those things.

On Bankrate's test of earnings, CREDIT UNION ONE OF OKLAHOMA scored 12 out of a possible 30, beating the national average of 10.11.

The credit union had an earnings ratio of 0.00 percent in our test, above the average for all credit unions, an indication that it's outperforming its peers in this area.

WHAT IS SAFE & SOUND?

Bankrate.com's Safe & Sound Ratings provide a star rating system to evaluate the current financial status of financial institutions. The information gathered about banks, credit unions and thrifts is updated as set forth in the Terms of Use of Safe & Sound Ratings and Reports. The Safe & Sound Ratings information is grouped by categories of banks, thrifts and credit unions.

Scoring methodology

Bankrate.com evaluates the financial condition of institutions and assigns a one- to five-star rating for each with five stars representing the highest rating. Institutions with satisfactory performance will generally receive a rating of three or more stars. The majority of institutions fall into the three- to four-star range. An institution with an "NR" rating may be too new to rate or may have limited the publicly available information in their regulatory filings. The "NR" is not an indication of financial strength or weakness. The Safe & Sound rating is believed to be reliable, but the information is not guaranteed. In addition, events since the information was collected may have altered the institution's financial condition.