PO BOX 186
Velma, OK 73491
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.60% →
1-Year CD N.A. 1.55% →
2-Year CD N.A. 1.45% →
5-Year CD N.A. 1.66% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Credit Union Information

Velma is an NCUA insured institution located in Velma, OK. It was founded in 1953 and has approximately $2.73 millions in assets.

NCUA Insured Yes
Charter Number # # 8962
Date Established 1953
Assets $2.73 million
Loans $2.35 million
Deposits $2.38 million
Capital $0.34 million

Deposit Rates - June 3, 2020

Your Current Location: Virginia, VA 20146

We do not yet have rates for Velma

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Loan Rates - June 3, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for VELMA

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
NMLS ID: 2890
License#: MC-3098
3.019% 3.000% 0.25 $625 $1,055 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to VELMA
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Below are Velma branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Velma Locations

Financial Details

Velma Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Velma. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Velma U.S. Average
14.13% 5.92

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of September 30, 2019, Velma had $44,134 in non-current loans and $8,000 in owned assets. To cover these potential losses it had $336,156 in net worth and $32,720 in loans loss reserves. That gives it a Texas Ratio of 14.13%.

Net Worth
Velma U.S. Average
12.3% 13.86%

Velma FCU has a net worth of 12.3% versus the BestCashCow average of 13.86. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Velma

Branches and Savings

What is Velma?

A federal credit union, registered with the NCUA under certificate #8962.
Learn more about credit unions here.

Is Velma FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Velma?

Please see Field of Membership information above for information on who is eligible to join.

What are Velma's share account and share certificate rates?

Velma's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Velma?

Velma has total capital of $0.34 million. Full information on Velma's financial position is located above.

Who owns Velma?

Credit Unions are owned by their members.

Where are Velma branches located?

See branch locations nearby.

Are Velma ATMs Open 24/7?

Do Velma ATMs accept cash deposits?

Can Velma customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Velma have a mobile app?

Does Velma have mobile deposit?

Does Velma have quick pay?

How can Velma transfer money to other banks or credit unions?

Does Velma report to credit bureaus?

Does Velma use Chexsystems?

Does Velma use Equifax?

What is Velma's toll free phone number?

What is Velma's ACH Routing Number?

What is Velma's SWIFT code?

Where can I find Velma's wire transfer form?

What is the Velma address for deposits?

What Products Does Velma Offer

Does Velma offer mortgages?

Compare mortgage rates here.

Does Velma offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Velma offer auto and RV loans?

Compare auto loan rates here.

Does Velma offer student loans or personal loans?

Compare personal loan rates here.

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