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Alabama Rural Electric Credit Union

Popular Accounts at this Credit Union

0.75%1-year CD12 Month Small Saver Certificate
0.10%SavingsRegular Shares
1.26%3-year CD30 Month Small Saver Certificate

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

Alabama Rural Electric Credit Union is headquartered in Montgomery and is the 51st largest credit union in the state of Alabama. It is also the 2,849th largest credit union in the nation. It was established in 1969 and as of March of 2017, it had grown to 7 employees and 3,727 members at 1 location. Alabama Rural Electric Credit Union's CD rates are 11% 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


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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 - YTD0.3%
Return on Equity - YTD2.58%
Annual Interest Income$280.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$32.4MM$33.3MM
LoansQ1 2017vs Q1 2016$16.6MM$13.9MM
DepositsQ1 2017vs Q1 2016$28.7MM$29.5MM
Equity CapitalQ1 2017vs Q1 2016$3.7MM$3.6MM
Loan Loss AllowanceQ1 2017vs Q1 2016$131.00K$142.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$51.00K$91.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
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Alabama Rural Electric Credit Union Savings Account Rates

0.85%--Club IRA
0.40%$2,500-Super Saver Account
0.25%--Christmas Club
0.10%--Regular Shares
0.10%--Vacation Club

Alabama Rural Electric Credit Union CD Rates

1.56%$50k-30 Month Jumbo Certificate
1.46%$5k-30 Monrh One Time Bump Up Certificate
1.36%$50k-18 Month Jumbo Certificate
1.26%$1k-30 Month Small Saver Certificate
1.26%$5k-18 Month One Time Bump Up Certificate
1.11%$1k-18 Month Small Saver Certificate
1.00%$50k-12 Month Jumbo Certificate
0.75%$1k-12 Month Small Saver Certificate
0.55%$1k-6 Month Small Saver Certificate
0.50%$50k-6 Month Jumbo Certificate

Alabama Rural Electric Credit Union IRA Rates

1.66%--30 Month IRA

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