Data Source: NCUA, December 31, 2016
Velma Federal Credit Union was founded in 1953. Headquartered in Velma, Oklahoma, Velma Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Velma Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.
As of December 31, 2016, Velma Federal Credit Union services 646 members through its 1 full-time and 1 part-time employees. It has $2,932,071 of total assets and $263,138 of net worth. Based on its asset size and net worth ratio, Velma Federal Credit Union is classified as a Well Capitalized small credit union.
Velma Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Velma Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.
The following two tables list the deplitory and loan interest rates of Velma Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Oklahoma and in the nation.
Major Deplitory Accounts and Interest Rates (%)
Major Loan Accounts and Interest Rates (%)
The table below lists the electronic banking services prlided by Velma Federal Credit Union.
Electronic Banking Service Offerings
Community and other Service Offerings
Velma Federal Credit Union
1 1/4 Mile West Of Velma Old Hwy 7
Velma, OK 73491