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 2,121st largest credit union in the nation. It was established in 1957 and as of December of 2018, it had grown to 7 employees and 5,363 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.
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 - YTD0.81%
Return on Equity - YTD4.62%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$60.7MM$58.9MM
LoansQ4 2018vs Q4 2017$23.4MM$20.4MM
DepositsQ4 2018vs Q4 2017$49.3MM$48.1MM
Equity CapitalQ4 2018vs Q4 2017$10.8MM$10.3MM
Loan Loss AllowanceQ4 2018vs Q4 2017$132.00K$141.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$14.00K$29.00K
Real Estate OwnedQ4 2018vs Q4 2017$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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