Alabama Rural Electric Credit Union

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A short history of Alabama Rural Electric CU

Since its inception in 1969 the Alabama Rural Electric Credit Union has been serving its members in the MONTGOMERY, Alabama area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Jane Boysen, the Alabama Rural Electric CU has grown its membership to over 3,735 with assets of more than $32,578,030. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (334) 215-7328 to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in MONTGOMERY, AL.

General Information For Alabama Rural Electric CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 68624
Address PO BOX 240547 
City MONTGOMERY 
State Alabama 
Zip-Code 36124
Phone Number (334) 215-7328
Fax Number (334) 215-7946
Email Address: ----
CEO/President Jane Boysen
Members 3,735 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 32,578,030 
Website http://www.arecu.net 

Compare Alabama Rural Electric Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Tri-rivers CU Tri-Rivers Federal Credit Union 400 Arba St 36104 (334) 834-7483 No 0.15
Montgomery Va CU MONTGOMERY VA FEDERAL CREDIT UNION 345 PERRY HILL RD 36109 (334) 272-7790 No 3.18
Alabama State Employees CU Interstate 1000 Interstate Park Dr 36123 (334) 270-9011 No 3.49
Guardian CU Federal 1789 Cong W L Dickinson Dr 36104 (334) 244-9999 No 3.79
Max CU Gunter 100 S Turner Blvd 36124 (334) 215-5487 No 5.82

Alabama Rural Electric Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Alabama Rural Electric Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 13.90 2.74 2.74 N/A 4.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 493 113 70 N/A 168
Rank Among All Alabama Credit Unions 32 10 6 N/A 15

Alabama Rural Electric Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 0.40 0.50 1.00
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 129 76 263 158
Rank Among All Alabama Credit Unions N/A 23 9 33 10
Alabama Rural Electric Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 13.9001,7191,025,122
All Other Unsecured Loans/Lines of Credit 9.0001,0592,103,416
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.7401413,533,753
Used Vehicle Loans 2.7406228,381,992
Total 1st Mortgage Real Estate Loans/Lines of Credit 0.00000
Total Other Real Estate Loans/Lines of Credit 4.500151,067,800
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.0001982,123,672
TOTAL LOANS & LEASES 3,75418,235,755

Alabama Rural Electric Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 0000
    b. 15 Years or less 0000
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 12869,27500
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 3198,52500
Open-End Fixed Rate 0000
TOTALS 151,067,80000

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Alabama Rural Electric Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders No
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes