Electrus Federal Credit Union

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

Electrus Federal Credit Union is headquartered in Brooklyn Center and is the 50th largest credit union in the state of Minnesota. It is also the 2,144th largest credit union in the nation. It was established in 1957 and as of June of 2019, it had grown to 6 employees and 5,324 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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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

NCUA #24656
Year Chartered1957
Primary Regulator
Profit Margin
Return on Assets - YTD1.04%
Return on Equity - YTD5.71%
Annual Interest Income$796.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$60.8MM$60.3MM
LoansQ2 2019vs Q2 2018$24.8MM$21.7MM
DepositsQ2 2019vs Q2 2018$48.9MM$48.9MM
Equity CapitalQ2 2019vs Q2 2018$11.1MM$10.4MM
Loan Loss AllowanceQ2 2019vs Q2 2018$127.00K$139.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$26.00K$8.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
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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

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

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

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

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