Electel Cooperative Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
0.30%	1-year CD	12 Month Share Certificate 1.50% - Goldman Sachs Bank USA 12 Month CD
0.10%	Savings	Special Savings Account 1.35% - CIT Bank Premier High Yield Savings
1.35%	3-year CD	36 Month Share Certificate 1.85% - Synchrony Bank 36 Month CD

View all Electel Cooperative Federal Credit Union rates »

Overview / Commentary

www.electelccu.org

800-849-5600

3400 Sumner Blvd
Raleigh, NC 27616

Electel Cooperative Federal Credit Union is headquartered in Raleigh and is the 36^th largest credit union in the state of North Carolina. It is also the 2,344^th largest credit union in the nation. It was established in 1969 and as of June of 2017, it had grown to 10 employees and 7,364 members at 4 locations. Electel Cooperative Federal Credit Union has an A 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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Health

A

Data as of Q2 2017

Learn why bank health matters

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

Overall
NCUA #	24819
Year Chartered	1969
Employees	10
Primary Regulator

Profit Margin
Return on Assets - YTD	0.82%
Return on Equity - YTD	7.45%
Annual Interest Income	$932.00K

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$50.4MM$43.7MM
Loans	Q2 2017vs Q2 2016	$33.3MM$31.5MM
Deposits	Q2 2017vs Q2 2016	$44.6MM$38.4MM
Equity Capital	Q2 2017vs Q2 2016	$5.6MM$5.1MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$74.00K$114.00K
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$104.00K$142.00K
Real Estate Owned	Q2 2017vs Q2 2016	$0$0

Rates

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Savings
Money Market
Checking
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Electel Cooperative Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%	$25	-	Regular Savings Account
0.10%	-	-	Special Savings Account
0.10%	-	-	Christmas Club Account
0.10%	-	-	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

APY	MIN	MAX	ACCOUNT NAME
1.35%	$500	-	36 Month Share Certificate
0.50%	$500	-	24 Month Share Certificate
0.30%	$1k	-	180 Day Share Certificate
0.30%	$500	-	12 Month Share Certificate
0.25%	$1k	-	90 Day Share Certificate

Electel Cooperative Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.50%	$500	-	36 Month IRA Share Certificate
0.60%	$500	-	24 Month IRA Share Certificate
0.40%	$1k	-	180 Day IRA Share Certificate
0.40%	$500	-	12 Month IRA Share Certificate
0.35%	$1k	-	90 Day IRA Share Certificate

Locations

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