Velma Credit Union

About Velma Credit Union

Velma Credit Union Location

Po Box 186
Velma, OK 73491

Phone: (580) 444-3396
Website:
Routing/Transit Number: Not Available

Velma Credit Union Information

Velma Credit Union of Velma, OK is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 639 members and assets of $2,323,310, as compared to the national average of $93 million dollars of assets per credit union. Velma Credit Union, first opened in 1953 and has been in operation since then. Additionally, Velma Credit Union has 2 full time employees and 0 part time employees, or 319.5 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Velma Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Velma Credit Union is a not-for-profit, cooperative, tax-exempt organization.