Velma
Velma is a credit union based in Velma, Oklahoma, established in 1953, with $3 million in total assets serving 689 members. By Trust Grade it ranks 4th of 53 credit unions we track in Oklahoma. Its net worth ratio of 15.0% is stronger than 55% of similarly sized credit unions, versus a Oklahoma median of 12.5%. It was profitable over the most recent period, with a 1.65% return on assets. No consumer complaints against Velma appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Velma compares to Oklahoma peers
How we graded Velma
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (15.0% capital ratio)
- Strongly profitable (ROA 1.65%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Velma over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Velma insured?
Yes. Velma is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Velma: frequently asked questions
Is Velma a good credit union?
Velma earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (15.0% capital ratio); Strongly profitable (ROA 1.65%).
Is Velma NCUA-insured?
Yes. Velma is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Velma?
Velma holds $3 million in total assets, ranking 4th of 53 credit unions we track in Oklahoma. It serves 689 members.
Does Velma have CFPB complaints?
No CFPB complaints against Velma appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
