Alabama Rural Electric Credit Union

Overview / Commentary

www.arecu.net

334-215-7328

340 TechnaCenter Dr
Montgomery, AL 36117-6031

Alabama Rural Electric Credit Union is headquartered in Montgomery and is the 47^th largest credit union in the state of Alabama. It is also the 2,742^nd largest credit union in the nation. It was established in 1969 and as of March of 2019, it had grown to 9 employees and 3,678 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.
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Health

B+

Data as of Q1 2019

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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

Overall
NCUA #	68624
Year Chartered	1969
Employees	9
Primary Regulator

Profit Margin
Return on Assets - YTD	0.64%
Return on Equity - YTD	5.23%
Annual Interest Income	$343.00K

Assets and Liabilities
Assets	Q1 2019vs Q1 2018	$34.2MM$32.9MM
Loans	Q1 2019vs Q1 2018	$23.1MM$19.3MM
Deposits	Q1 2019vs Q1 2018	$29.9MM$28.7MM
Equity Capital	Q1 2019vs Q1 2018	$4.1MM$3.9MM
Loan Loss Allowance	Q1 2019vs Q1 2018	$150.00K$125.00K
Unbacked Noncurrent Loans	Q1 2019vs Q1 2018	$139.00K$79.00K
Real Estate Owned	Q1 2019vs Q1 2018	$0$0

Rates

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Savings
CD
IRA

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Alabama Rural Electric Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
3.04%	$50k	-	30 Month Jumbo Certificate
2.63%	$1k	-	30 Month Small Saver Certificate
2.63%	$50k	-	18 Month Jumbo Certificate
2.53%	$5k	-	30 Monrh One Time Bump Up Certificate
2.43%	$50k	-	12 Month Jumbo Certificate
2.38%	$5k	-	18 Month One Time Bump Up Certificate
2.27%	$1k	-	18 Month Small Saver Certificate
2.02%	$1k	-	12 Month Small Saver Certificate
2.02%	$50k	-	6 Month Jumbo Certificate
1.51%	$1k	-	6 Month Small Saver Certificate

Alabama Rural Electric Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.78%	$5k	-	30 Month One-Time Bump-Up IRA

Locations

Alabama Rural Electric Credit Union Locations
Branch Office	340 TechnaCenter Dr	Montgomery, AL 36117-6031

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