Electrus Federal Credit Union

Overview / Commentary
7100 Brooklyn Blvd
Brooklyn Center, MN 55429

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 2,085th largest credit union in the nation. It was established in 1957 and as of September of 2019, it had grown to 6 employees and 5,425 members at 1 location. Electrus Federal Credit Union's CD rates are 67% higher than the national average, and it has an A 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 - YTD1.09%
Return on Equity - YTD5.97%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$63.1MM$61.6MM
LoansQ3 2019vs Q3 2018$25.1MM$23.0MM
DepositsQ3 2019vs Q3 2018$51.2MM$50.3MM
Equity CapitalQ3 2019vs Q3 2018$11.3MM$10.6MM
Loan Loss AllowanceQ3 2019vs Q3 2018$120.00K$139.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$36.00K$13.00K
Real Estate OwnedQ3 2019vs Q3 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

1.00%*$1m*-IRA Savings
OTHER TIERS: 0.20% Up to $10k | 0.25% $10k - $20k | 0.30% $20k - $50k | 0.35% $50k - $100k | 0.40% $100k - $250k | 0.50% $250k - $500k | 0.75% $500k - $1m
0.10%*$2k*-Share Savings
OTHER TIERS: 0.05% $100 - $2k
0.10%--Vacation Account
0.10%--Holiday Savings Account
0.10%*$2k*-Special Share Savings
OTHER TIERS: 0.05% Up to $2k

Electrus Federal Credit Union CD Rates

1.90%$10k-36 Months Premium Certificate
1.80%$500-36 Months Certificate
1.80%$10k-24 Months Premium Certificate
1.70%$500-24 Months Certificate
1.70%$10k-18 Months Premium Certificate
1.60%$500-18 Months Certificate
1.50%$10k-12 Months Premium Certificate
1.40%$500-12 Months Certificate
0.80%$10k-6 Months Premium Certificate
0.70%$500-6 Months Certificate

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

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