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 106th largest credit union in the state of Louisiana. It is also the 4,202nd largest credit union in the nation. It was established in 1968 and as of June of 2019, it had grown to 2 employees and 929 members at 1 location. ALEC Federal Credit Union has a B 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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Health
B

Data as of Q2 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 - YTD0.73%
Return on Equity - YTD3.38%
Annual Interest Income$152.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$8.3MM$8.6MM
LoansQ2 2019vs Q2 2018$2.0MM$1.7MM
DepositsQ2 2019vs Q2 2018$6.5MM$6.8MM
Equity CapitalQ2 2019vs Q2 2018$1.8MM$1.8MM
Loan Loss AllowanceQ2 2019vs Q2 2018$59.00K$41.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$3.00K$28.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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* 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
0.40%*$75k*-Shares
OTHER TIERS: 0.25% → $100 - $25k | 0.35% → $25k - $75k
Locations


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

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