Overview / Commentary
3400 Sumner Blvd
Raleigh, NC 27616

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 2,291st largest credit union in the nation. It was established in 1969 and as of December of 2018, it had grown to 9 employees and 7,336 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 relatively low asset base.

Health Grade Components

NCUA #24819
Year Chartered1969
Primary Regulator
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD8.95%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$51.6MM$50.6MM
LoansQ4 2018vs Q4 2017$33.5MM$34.1MM
DepositsQ4 2018vs Q4 2017$45.2MM$44.7MM
Equity CapitalQ4 2018vs Q4 2017$6.2MM$5.7MM
Loan Loss AllowanceQ4 2018vs Q4 2017$172.00K$111.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$144.00K$112.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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Electel Cooperative Federal Credit Union Savings Account Rates

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

0.25%$500-Money Market Account
0.25%$500-IRA Money Market Account

Electel Cooperative Federal Credit Union Checking Account Rates

0.05%$500-Checking Account

Electel Cooperative Federal Credit Union CD Rates

1.35%$500-36 Month Share Certificate
0.65%$500-24 Month Share Certificate
0.50%$500-12 Month Share Certificate
0.30%$1k-180 Day Share Certificate
0.25%$1k-90 Day Share Certificate

Electel Cooperative Federal Credit Union IRA Rates

1.75%$500-36 Month IRA Share Certificate
0.65%$500-24 Month IRA Share Certificate
0.50%$500-12 Month IRA Share Certificate
0.40%$1k-180 Day IRA Share Certificate
0.35%$1k-90 Day IRA Share Certificate

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

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