Electrical Workers Credit Union

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

electwork.secure.cusolutionsgroup.net

313-963-6060

1366 porter ST
DETROIT, MI 48226

Electrical Workers Credit Union is headquartered in DETROIT and is the 165^th largest credit union in the state of Michigan. It is also the 3,178^th largest credit union in the nation. It was established in 1955 and as of March of 2025, it had grown to 2 employees and 2,147 members at 1 location. Electrical Workers Credit Union has a B+ health rating.

Field of Membership Restrictions

Electrical Workers Credit Union is open to the members of the IBEW Local 58 and their immediate family.
See current membership details

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Health

B+

Data as of Q1 2025

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. Electrical Workers Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #	64267
Year Chartered	1955
Employees	2
Primary Regulator

Profit Margin
Return on Assets - YTD	0.95%
Return on Equity - YTD	8.76%
Annual Interest Income	$211K

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$21.2MM$20MM
Loans	Q1 2025vs Q1 2024	$5.2MM$5.7MM
Deposits	Q1 2025vs Q1 2024	$18.8MM$17.9MM
Equity Capital	Q1 2025vs Q1 2024	$2.3MM$2.1MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$38K$34K
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$0$0
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Savings

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Electrical Workers Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%^*	$100k^*	-	Savings Account
OTHER TIERS: 0.05% → $100 - $2.5k \| 0.08% → $2.5k - $25k \| 0.10% → $25k - $100k
0.15%	$100	-	Holiday Club

Locations

Electrical Workers Credit Union Locations
Branch Office	1366 porter ST	DETROIT, MI 48226

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