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Overview / Commentary
3400 Sumner Blvd
Raleigh, NC 27616

Electel Cooperative Federal Credit Union is headquartered in Raleigh and is the 39th largest credit union in the state of North Carolina. It is also the 2,445th largest credit union in the nation. It was established in 1969 and as of December of 2016, it had grown to 11 employees and 7,202 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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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. Electel Cooperative Federal Credit Union has a low asset base.

Health Grade Components

NCUA #24819
Year Chartered1969
Primary Regulator
Profit Margin
Return on Assets - YTD1.11%
Return on Equity - YTD9.36%
Annual Interest Income$1.8MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$44.8MM$42.1MM
LoansQ4 2016vs Q4 2015$32.4MM$31.3MM
DepositsQ4 2016vs Q4 2015$39.4MM$37.0MM
Equity CapitalQ4 2016vs Q4 2015$5.4MM$4.9MM
Loan Loss AllowanceQ4 2016vs Q4 2015$114.00K$142.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$117.00K$165.00K
Real Estate OwnedQ4 2016vs Q4 2015$0$0

Rates for Electel Cooperative Federal Credit Union are currently being reviewed.


Electel Cooperative Federal Credit Union Locations
Branch Office3400 Sumner BlvdRaleigh, NC 27616
Branch Office2500 NC Highway 86 SHillsborough, NC 27278
Branch Office1125 Oxford RdRoxboro, NC 27573
Branch Office300 Rascoe Dameron RdBurlington, NC 27217