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.
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
|Return on Assets - YTD||1.11%|
|Return on Equity - YTD||9.36%|
|Annual Interest Income||$1.8MM|
|Assets and Liabilities|
|Assets||Q4 2016vs Q4 2015||$44.8MM$42.1MM|
|Loans||Q4 2016vs Q4 2015||$32.4MM$31.3MM|
|Deposits||Q4 2016vs Q4 2015||$39.4MM$37.0MM|
|Equity Capital||Q4 2016vs Q4 2015||$5.4MM$4.9MM|
|Loan Loss Allowance||Q4 2016vs Q4 2015||$114.00K$142.00K|
|Unbacked Noncurrent Loans||Q4 2016vs Q4 2015||$117.00K$165.00K|
|Real Estate Owned||Q4 2016vs Q4 2015||$0$0|
Rates for Electel Cooperative Federal Credit Union are currently being reviewed.
|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|