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 50th largest credit union in the state of Minnesota. It is also the 2,143rd largest credit union in the nation. It was established in 1957 and as of June of 2018, it had grown to 7 employees and 5,316 members at 1 location. Electrus Federal Credit Union 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.
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Health
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
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD2.94%
Annual Interest Income$673.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$60.3MM$58.0MM
LoansQ2 2018vs Q2 2017$21.7MM$20.2MM
DepositsQ2 2018vs Q2 2017$48.9MM$47.1MM
Equity CapitalQ2 2018vs Q2 2017$10.4MM$10.1MM
Loan Loss AllowanceQ2 2018vs Q2 2017$139.00K$155.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$8.00K$38.00K
Real Estate OwnedQ2 2018vs Q2 2017$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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