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Electrus Federal Credit Union


Overview / Commentary
800-252-4239
7100 Brooklyn Blvd
Brooklyn Center, MN 55429-1249

Electrus Federal Credit Union is headquartered in Brooklyn Center and is the 49th largest credit union in the state of Minnesota. It is also the 2,130th largest credit union in the nation. It was established in 1957 and as of March of 2019, it had grown to 6 employees and 5,344 members at 1 location. Electrus Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to members, retirees, or office personnel of IBEW Local Unions 343, 292, 160 and three generations of their family.
See current membership details

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Health
B+
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. Electrus Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #24656
Year Chartered1957
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD4.4%
Annual Interest Income$387.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$61.7MM$60.8MM
LoansQ1 2019vs Q1 2018$23.6MM$20.6MM
DepositsQ1 2019vs Q1 2018$50.1MM$49.8MM
Equity CapitalQ1 2019vs Q1 2018$10.9MM$10.3MM
Loan Loss AllowanceQ1 2019vs Q1 2018$126.00K$131.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$27.00K$15.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Electrus Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--IRA Share
0.05%$50$10kYouth Share Savings Account
0.05%$250-Basic Share/Savings
0.05%--Member Vacation Account
0.05%--Holiday Savings Account

Electrus Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$1k-36 Months Certificate
0.70%$1k-30 Months Certificate
0.65%$1k-24 Months Certificate
0.45%$1k-18 Months Certificate
0.40%$1k-12 Months Certificate
0.30%$1k-6 Months Certificate
Locations


Electrus Federal Credit Union Locations
Branch Office7100 Brooklyn BlvdBrooklyn Center, MN 55429-1249

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