Alabama Rural Electric Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.26% | 1-year CD | 2.65% - Discover Bank 12 Month CD |
| 0.25% | Savings | 2.20% - Barclays Online Savings Account |
| 1.76% | 3-year CD | 2.75% - Discover Bank 3 Year CD |
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 2,732nd largest credit union in the nation. It was established in 1969 and as of December of 2018, it had grown to 9 employees and 3,671 members at 1 location. Alabama Rural Electric Credit Union's CD rates are 3X 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
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68624 |
| Year Chartered | 1969 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.67% |
| Return on Equity - YTD | 5.52% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $33.8MM$32.0MM |
| Loans | Q4 2018vs Q4 2017 | $22.7MM$18.9MM |
| Deposits | Q4 2018vs Q4 2017 | $29.4MM$27.9MM |
| Equity Capital | Q4 2018vs Q4 2017 | $4.1MM$3.9MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $146.00K$143.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $198.00K$262.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Alabama Rural Electric Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
Alabama Rural Electric Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.26% | - | - | Club IRA | |
| 0.70% | $2.5k | - | Super Saver Account | |
| 0.50% | - | - | Christmas Club | |
| 0.50% | - | - | Vacation Club | |
| 0.25% | - | - | Regular Shares |
Alabama Rural Electric Credit Union CD Rates
Alabama Rural Electric Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.43% | $5k | - | 30 Month One-Time Bump-Up IRA |
| Alabama Rural Electric Credit Union Locations | ||
|---|---|---|
| Branch Office | 340 TechnaCenter Dr | Montgomery, AL 36117-6031 |