Alabama Rural Electric Credit Union


Overview / Commentary
334-215-7328
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 2,705th 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 savings rates are 92% 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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Health
B+
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

Overall
NCUA #68624
Year Chartered1969
Employees9
Primary Regulator
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD4.81%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$34.5MM$33.8MM
LoansQ4 2019vs Q4 2018$24.5MM$22.7MM
DepositsQ4 2019vs Q4 2018$30.2MM$29.4MM
Equity CapitalQ4 2019vs Q4 2018$4.3MM$4.1MM
Loan Loss AllowanceQ4 2019vs Q4 2018$87.00K$146.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$153.00K$198.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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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.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Alabama Rural Electric Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%--Christmas Club
1.00%--Saver's Club
1.00%--Children's Cub Account
0.50%*$1k*-Accumulator IRA
OTHER TIERS: 0.30% Up to $1k
0.20%*$1k*-Regular Shares
OTHER TIERS: 0.10% Up to $1k
0.20%*$1k*-Other Special Savings
OTHER TIERS: 0.10% Up to $1k

Alabama Rural Electric Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$1k*-Money Market Account
OTHER TIERS: 0.20% Up to $1k

Alabama Rural Electric Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$25k-Share Draft

Alabama Rural Electric Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.61%$1k-60 Month Certificate
1.51%$1k-48 Month Certificate
1.41%$1k-36 Month Certificate
1.20%$1k-24 Month Certificate
1.10%$1k-18 Month Certificate
1.00%$1k-12 Month Certificate
0.60%$1k-6 Month Certificate

Alabama Rural Electric Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.61%$1k-60 Month IRA
1.51%$1k-48 Month IRA
1.41%$1k-36 Month IRA
1.21%$1k-24 Month IRA
1.10%$1k-18 Month IRA
1.00%$1k-12 Month IRA
0.60%$1k-6 Month IRA
Locations


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

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