Safe and Sound

MUNICIPAL EMPS CU OF OKLAHOMA CITY

OKLAHOMA CITY, OK
2
Star Rating
MUNICIPAL EMPS CU OF OKLAHOMA CITY is an NCUA-insured credit union founded in 1934 and currently based in OKLAHOMA CITY, OK. The credit union holds assets of $154.0 million, according to December 31, 2017, regulatory filings.

Members have $123.6 million on deposit tended by 52 full-time employees. With that footprint, the credit union holds loans and leases worth $123.6 million. MUNICIPAL EMPS CU OF OKLAHOMA CITY's 12,648 members currently have $128.5 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, MUNICIPAL EMPS CU OF OKLAHOMA CITY exhibited a below-average condition, earning 2 out of 5 stars for safety and soundness. Here's a breakdown of how the credit union faired on the three major criteria Bankrate used to score American credit unions.

WHAT IS
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THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring an institution's financial stability, capital is essential. It acts as a cushion against losses and provides protection for members when a credit union is struggling financially. When looking at safety and soundness, more capital is better.

MUNICIPAL EMPS CU OF OKLAHOMA CITY received a score of 8 out of a possible 30 points on our test to measure capital adequacy, less than the national average of 15.65.

MUNICIPAL EMPS CU OF OKLAHOMA CITY appears to be weaker than its peers in this area, with a capitalization ratio of 8.00 percent in our test, below the average for all credit unions.

Asset Quality Score

This test is intended to estimate how the credit union's loan loss reserves and overall capitalization could be affected by problem assets, such as unpaid loans.

Having large numbers of these types of assets means a credit union may eventually have to use capital to absorb losses, reducing its equity cushion. It also means that there are likely to be many assets that are in non-accrual status and thus aren't earning money, resulting in diminished earnings and potentially more risk of a failure in the future.

MUNICIPAL EMPS CU OF OKLAHOMA CITY scored 36 out of a possible 40 points on Bankrate's asset quality test, less than the national average of 38.09.

A lower-than-average ratio of troubled assets of 0.00 percent in our test was potentially indicative of superior financial strength compared to other credit unions.

Earnings score

A credit union's earnings performance affects its safety and soundness. A credit union can retain its earnings, giving a boost to its capital cushion, or put them to work addressing problematic loans, potentially making the credit union better able to withstand financial trouble. Losses, on the other hand, lessen a credit union's ability to do those things.

MUNICIPAL EMPS CU OF OKLAHOMA CITY scored 0 out of a possible 30 on Bankrate's earnings test, falling short of the national average of 10.11.

One sign that the credit union is running ahead of its peers in this area was its earnings ratio of 0.00 percent in our test, above the average for all credit unions.

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.