Alabama Rural Electric Credit Union

Overview / Commentary
340 TechnaCenter Dr
Montgomery, AL 36117-6031

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 2,686th largest credit union in the nation. It was established in 1969 and as of September of 2019, it had grown to 8 employees and 3,705 members at 1 location. Alabama Rural Electric Credit Union's CD rates are 2X 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.
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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. Alabama Rural Electric Credit Union has a low asset base.

Health Grade Components

NCUA #68624
Year Chartered1969
Primary Regulator
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD5.37%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$35.3MM$33.5MM
LoansQ3 2019vs Q3 2018$24.3MM$21.3MM
DepositsQ3 2019vs Q3 2018$30.7MM$29.4MM
Equity CapitalQ3 2019vs Q3 2018$4.2MM$4.0MM
Loan Loss AllowanceQ3 2019vs Q3 2018$112.00K$133.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$134.00K$186.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
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Alabama Rural Electric Credit Union Savings Account Rates

1.00%--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

2.84%$50k-30 Month Jumbo Certificate
2.53%$50k-18 Month Jumbo Certificate
2.48%$5k-30 Monrh One Time Bump Up Certificate
2.38%$5k-18 Month One Time Bump Up Certificate
2.32%$1k-30 Month Small Saver Certificate
2.22%$1k-18 Month Small Saver Certificate
2.22%$50k-12 Month Jumbo Certificate
2.02%$1k-12 Month Small Saver Certificate
1.71%$50k-6 Month Jumbo Certificate
1.51%$1k-6 Month Small Saver Certificate

Alabama Rural Electric Credit Union IRA Rates

2.68%$5k-30 Month One-Time Bump-Up IRA

Alabama Rural Electric Credit Union Locations
Branch Office340 TechnaCenter DrMontgomery, AL 36117-6031

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