ALEC Federal Credit Union

Overview / Commentary
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 4,160th largest credit union in the nation. It was established in 1968 and as of March of 2020, it had grown to 2 employees and 898 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.
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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

NCUA #19131
Year Chartered1968
Primary Regulator
Profit Margin
Return on Assets - YTD0.44%
Return on Equity - YTD1.93%
Annual Interest Income$76.00K
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$8.2MM$8.5MM
LoansQ1 2020vs Q1 2019$1.9MM$1.8MM
DepositsQ1 2020vs Q1 2019$6.3MM$6.7MM
Equity CapitalQ1 2020vs Q1 2019$1.9MM$1.8MM
Loan Loss AllowanceQ1 2020vs Q1 2019$70.00K$53.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$5.00K$4.00K
Real Estate OwnedQ1 2020vs Q1 2019$0$0
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ALEC Federal Credit Union Savings Account Rates

OTHER TIERS: 0.35% $100 - $25k | 0.45% $25k - $75k

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

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