1. Banks
  2. ALEC Federal Credit Union

ALEC Federal Credit Union


Overview / Commentary
www.alecfcu.com
225-293-3450
10725 Airline Hwy
Baton Rouge, LA 70816

ALEC Federal Credit Union is headquartered in Baton Rouge and is the 104th largest credit union in the state of Louisiana. It is also the 4,187th largest credit union in the nation. It was established in 1968 and as of December of 2019, it had grown to 2 employees and 916 members at 1 location. ALEC Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership is open to employees of Association of Louisiana Electric Cooperatives, Inc., Claiborne Electric Cooperative, Inc., Beauregard Electric Cooperative, Inc., Concordia Electric Cooperative, Inc., Jefferson Davis Electric Cooperative, Inc., Dixie Electric Membership Corporation, Louisiana Generating, LLC , Pointe Coupee Electric Membership Corporation, Northeast Louisiana Power Cooperative, Inc., Southwest Louisiana Electric Membership Corporation, Valley Electric Membership Cooperative, South Louisiana Electric Cooperative Association, Washington-St. Tammany Electric Cooperative, Inc., BHA, Inc., Specialty Plastics, Inc., TESI.
See current membership details

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
C+

Data as of Q4 2019

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. ALEC Federal Credit Union has a very low asset base.

Health Grade Components

Overall
NCUA #19131
Year Chartered1968
Employees2
Primary Regulator
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD2.81%
Annual Interest Income$308.00K
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$8.0MM$8.6MM
LoansQ4 2019vs Q4 2018$2.0MM$1.8MM
DepositsQ4 2019vs Q4 2018$6.1MM$6.8MM
Equity CapitalQ4 2019vs Q4 2018$1.9MM$1.8MM
Loan Loss AllowanceQ4 2019vs Q4 2018$86.00K$52.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$21.00K$7.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not ALEC Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

ALEC Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$75k*-Shares
OTHER TIERS: 0.35% → $100 - $25k | 0.45% → $25k - $75k
Locations


ALEC Federal Credit Union Locations
Branch Office10725 Airline HwyBaton Rouge, LA 70816

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.