Electel Cooperative Federal Credit Union

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A short history of Electel Cooperative FCU

Since its inception in 1969 the Electel Cooperative Federal Credit Union has been serving its members in the RALEIGH, North Carolina 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 Nancy Long, the Electel Cooperative FCU has grown its membership to over 7,364 with assets of more than $50,391,142. They have a main office and 4 branch offices. Please see the credit unions website or contact them by phone at (800) 849-5600 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in RALEIGH, NC.

General Information For Electel Cooperative FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 24819
Address PO BOX 27306 
City RALEIGH 
State North Carolina 
Zip-Code 27611
Phone Number (800) 849-5600
Fax Number (919) 876-8018
Email Address: none
CEO/President Nancy Long
Members 7,364 
Full-Time Employees 10 
Part-Time Employees
Number of Branch Offices
Total Assets 50,391,142 
Website http://www.electelccu.org 

Compare Electel Cooperative Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Shaw University CU 201 TUPPER HALL 118 E South St 27601 (919) 546-8440 No 0.24
Local Government CU Corporate Office 323 W Jones St Ste 600 27603 (919) 755-0534 No 0.61
North Carolina Press Association CU Corporate Office 119 N Salisbury St 27690 (919) 839-5338 No 0.93
State Employees' CU THOMASVILLE 1700 LIBERTY DR 27360 (336) 476-2977 No 2.16
Coastal CU Quail Plaza # 18 Quail Plaza 27609 (919) 420-8000 No 4.14

Electel Cooperative Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Electel Cooperative Federal 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 9.90 2.49 2.49 N/A 4.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 243 83 51 N/A 132
Rank Among All North Carolina Credit Unions 15 7 6 N/A 7

Electel Cooperative Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.10 0.25 1.50 1.50
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 129 105 91 94
Rank Among All North Carolina Credit Unions 12 13 16 5 3
Electel Cooperative Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.9009462,815,140
All Other Unsecured Loans/Lines of Credit 4.4901,3564,329,877
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.4902304,481,830
Used Vehicle Loans 2.4901,29516,450,254
Total 1st Mortgage Real Estate Loans/Lines of Credit 0.00000
Total Other Real Estate Loans/Lines of Credit 4.2501363,930,189
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 8.6502171,266,100
TOTAL LOANS & LEASES 4,18033,273,390

Electel Cooperative Federal 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 29491,02000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1073,439,16951310,492
Open-End Fixed Rate 0000
TOTALS 1363,930,18951310,492

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

Electel Cooperative Federal 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 Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders No
No Surcharge ATMs No
Home Banking Via Internet Website Yes