VELMA
Federal • Duncan, Oklahoma • Est. 1953
Quick Facts
- Charter Number
- #8962
- Type
- Federal
- Established
- 1953
- Headquarters
- Duncan, Oklahoma 73533-1291
- Address
- 297655 E Old Hwy 7 Rd
- Branches
- 1
- Members
- 689
- Membership Type
- Community
CUScore Financial Grade
Based on Q1 2026 NCUA Call Report data
Under CUScore's rules, this institution reports a net worth ratio of at least 6% and a delinquency rate below 3%. This simplified grade is informational, is not an official NCUA rating, and does not determine regulatory or deposit-insurance status.
Financial Overview
Total Assets
Members
689 total members
Total Loans
Outstanding loan portfolio
Net Worth Ratio
Financial Details
| Metric | VELMA |
|---|---|
| Total Assets | $3.0M |
| Members | 689 |
| Loans Outstanding | $2.6M |
| Shares & Deposits | $2.5M |
| Net Worth | $449K |
| Net Worth Ratio | 14.96% |
| Loan-to-Share Ratio | 103.7% |
| Delinquency Rate | 2.04% |
| Net Income | +$0 |
Source: Q1 2026 NCUA Call Report • Reporting date: 3/31/2026
Branch Locations
1 location
Velma Federal Credit Union
Main Office297655 E Old Hwy 7 Rd
Duncan, OK 73533-1291
Who Can Join VELMA?
Membership Type: Community
Membership eligibility for VELMA may vary. Contact the credit union directly to confirm qualification requirements.
Contact VELMA directly or visit their website for the most accurate and up-to-date membership eligibility information.
Find More Credit Unions in Oklahoma
Review the Q1 2026 statewide dataset, aggregate ratios, and institutions ranked by reported assets.
View Oklahoma RankingsFrequently Asked Questions
VELMA is listed as federally insured in the Q1 2026 NCUA dataset. NCUA share insurance generally covers qualifying accounts up to the standard maximum amount, with coverage depending on account ownership categories. Verify current status and coverage for your accounts with the NCUA or the institution.
As of the Q1 2026 NCUA Call Report, VELMA has 689 members and a potential membership field of 925 people.
VELMA's reported net worth ratio is 14.96% as of Q1 2026. The NCUA's standard net worth ratio threshold for "well capitalized" is 7%, although official status can involve additional rules.
VELMA operates 1 branch location. The main office is located at 297655 E Old Hwy 7 Rd, Duncan, OK 73533-1291.
VELMA was established in 1953. It is a federal credit union chartered under charter number 8962. The institution has been serving members for 73 years.
Data sourced from the NCUA Quarterly Call Report (Q1 2026). CUScore is an independent directory and is not affiliated with the NCUA or VELMA. All financial data is for informational purposes only.