ElecTel Cooperative Federal Credit Union
Overview / Commentary
ElecTel Cooperative Federal Credit Union is headquartered in Raleigh and is the 32nd largest credit union in the state of North Carolina. It is also the 2,216th largest credit union in the nation. It was established in 1969 and as of March of 2025, it had grown to 11 employees and 7,509 members at 5 locations. ElecTel Cooperative Federal Credit Union has an A health rating.
Field of Membership Restrictions
ElecTel Cooperative Federal Credit Union is open to members and consumers of one of the approved North Carolina electric or telephone cooperatives. Membership is also open to employees, officers, and directors of electric and telephone cooperatives in Virginia, North Caroline, Delaware, Maryland, West Virginia, and Tennessee.
See current membership details
Health
A
Data as of Q1 2025
Learn why bank health mattersAdditional 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. ElecTel Cooperative Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24819 |
| Year Chartered | 1969 |
| Employees | 11 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.54% |
| Return on Equity - YTD | 11.59% |
| Annual Interest Income | $930K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $64.9MM$62.4MM |
| Loans | Q1 2025vs Q1 2024 | $40MM$39.5MM |
| Deposits | Q1 2025vs Q1 2024 | $56.4MM$54.2MM |
| Equity Capital | Q1 2025vs Q1 2024 | $8.5MM$7.8MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $204K$235K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $136K$433K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |