Alabama Rural Electric Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.75% | 1-year CD | 12 Month Small Saver Certificate 1.45% - CIT Bank 11-Month No-Penalty CD |
| 0.10% | Savings | Regular Shares |
| 1.26% | 3-year CD | 30 Month Small Saver Certificate 1.85% - Synchrony Bank 36 Month CD |
Alabama Rural Electric Credit Union is headquartered in Montgomery and is the 50th largest credit union in the state of Alabama. It is also the 2,832nd largest credit union in the nation. It was established in 1969 and as of June of 2017, it had grown to 7 employees and 3,735 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
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68624 |
| Year Chartered | 1969 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.44% |
| Return on Equity - YTD | 3.77% |
| Annual Interest Income | $566.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $32.6MM$33.0MM |
| Loans | Q2 2017vs Q2 2016 | $18.2MM$14.7MM |
| Deposits | Q2 2017vs Q2 2016 | $28.5MM$29.2MM |
| Equity Capital | Q2 2017vs Q2 2016 | $3.8MM$3.6MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $130.00K$151.00K |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $177.00K$28.00K |
| Real Estate Owned | Q2 2017vs Q2 2016 | $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 |
|---|---|---|---|---|
| 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
Alabama Rural Electric Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.66% | - | - | 30 Month IRA |
| Alabama Rural Electric Credit Union Locations | ||
|---|---|---|
| Branch Office | 340 TechnaCenter Dr | Montgomery, AL 36117-6031 |