Electel Cooperative Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 0.50% | 1-year CD | 2.50% - Synchrony Bank 12 Month CD |
| 0.10% | Savings | |
| 1.35% | 3-year CD | 2.85% - Synchrony Bank 36 Month CD |
Electel Cooperative Federal Credit Union is headquartered in Raleigh and is the 35th largest credit union in the state of North Carolina. It is also the 2,318th largest credit union in the nation. It was established in 1969 and as of June of 2018, it had grown to 10 employees and 7,434 members at 4 locations. Electel Cooperative Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to the employees, directors, and officers of the electric and telephone cooperatives in North Carolina, Virginia, Maryland, Delaware, Tennessee, and West Virginia.
See current membership details
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Data as of Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24819 |
| Year Chartered | 1969 |
| Employees | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.76% |
| Return on Equity - YTD | 6.66% |
| Annual Interest Income | $1.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $51.1MM$50.4MM |
| Loans | Q2 2018vs Q2 2017 | $33.8MM$33.3MM |
| Deposits | Q2 2018vs Q2 2017 | $45.1MM$44.6MM |
| Equity Capital | Q2 2018vs Q2 2017 | $5.9MM$5.6MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $167.00K$74.00K |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $307.00K$104.00K |
| Real Estate Owned | Q2 2018vs Q2 2017 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Electel Cooperative Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
Electel Cooperative Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $1 | - | Regular Savings Account | |
| 0.10% | $10 | - | Special Savings Account | |
| 0.10% | $10 | - | Christmas Club Account | |
| 0.10% | $10 | - | IRA Savings Account |
Electel Cooperative Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.25% | $500 | - | Money Market Account | |
| 0.25% | $500 | - | IRA Money Market Account |
Electel Cooperative Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $500 | - | Checking Account |
Electel Cooperative Federal Credit Union CD Rates
Electel Cooperative Federal Credit Union IRA Rates
| Electel Cooperative Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 3400 Sumner Blvd | Raleigh, NC 27616 |
| Branch Office | 2500 NC Highway 86 S | Hillsborough, NC 27278 |
| Branch Office | 1125 Oxford Rd | Roxboro, NC 27573 |
| Branch Office | 300 Rascoe Dameron Rd | Burlington, NC 27217 |