Overview / Commentary
Alabama Rural Electric Credit Union is headquartered in Montgomery and is the 47th largest credit union in the state of Alabama. It is also the 2,705th largest credit union in the nation. It was established in 1969 and as of December of 2019, it had grown to 9 employees and 3,723 members at 1 location. Alabama Rural Electric Credit Union's CD rates are 73% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership for Alabama Rural Electric CU is open to any current or retired employees, and the family members of said persons, that are currently working for or has worked for the Alabama Rural Electric Association, or any of their affiliated cooperatives.
See current membership details
Health
B+
Data as of Q4 2019
Learn why bank health mattersAdditional 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. Alabama Rural Electric Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68624 |
| Year Chartered | 1969 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.59% |
| Return on Equity - YTD | 4.81% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $34.5MM$33.8MM |
| Loans | Q4 2019vs Q4 2018 | $24.5MM$22.7MM |
| Deposits | Q4 2019vs Q4 2018 | $30.2MM$29.4MM |
| Equity Capital | Q4 2019vs Q4 2018 | $4.3MM$4.1MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $87.00K$146.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $153.00K$198.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |