Credit Unions Near Me
National Credit Union Service Organization

ELECTEL COOPERATIVE FEDERAL CREDIT UNION

Dec, 31, 2020 — ELECTEL COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in RALEIGH, NC with 5 branch locations and about $55.65 million in total assets. Opened 52 years ago in 1969, ELECTEL COOPERATIVE FEDERAL CREDIT UNION has about 7,491 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ELECTEL COOPERATIVE FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 27306
RALEIGH, NC 27611
Phone:(800) 849-5600
Fax:
Website:http://www.electel.org
Branches:5 branch locations
Members:7,491
Credit Union Type:Federal Credit Union
Charter Number:24819
Membership Type:Multiple common bond - Primarily communications and utilities
Corporate Credit Union:No
Year Opened:1969
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$55,650,001
CEO/Manager:Scott Armstrong
Chairperson:Dick Mabbott

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Health Savings Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,138,840
TOTAL INVESTMENTS 21,043,715
Loans Held for Sale 0
 
 Real Estate Loans 3,987,026
 Unsecured Loans 4,965,535
 Other Loans 20,673,213
 TOTAL LOANS 29,625,774
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -96,447
 Land And Building 0
 Other Fixed Assets 43,748
 NCUSIF Deposit 457,945
 All Other Assets 436,426
  TOTAL ASSETS 55,650,001
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 301,626
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,836,420
 Regular shares 18,716,817
 All Other Shares & Deposits 18,704,300
  TOTAL SHARES & DEPOSITS 48,257,537
  TOTAL LIABILITIES 48,559,163
 Regular Reserve 1,138,804
 Other Reserves 0
 Undivided Earnings 5,952,034
  TOTAL EQUITY 7,090,838
  TOTAL LIABILITIES, SHARES, & EQUITY 55,650,001
INCOME & EXPENSE  
 Loan Income 1,705,823
 Investment Income 217,026
 Other Income 509,857
 Total Employee Compensation & Benefits 983,590
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 982,427
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -17,701
 Cost of Funds 230,120
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 254,270
↑ Back to Top

Other Credit Unions

SHAW UNIVERSITY FEDERAL CREDIT UNION
118 E SOUTH ST
RALEIGH, NC 27601
MOUNT VERNON BAPTIST CHURCH CREDIT UNION
1007 S ROXBORO ST
DURHAM, NC 27707
CIVIC FEDERAL CREDIT UNION
3600 WAKE FOREST RD
RALEIGH, NC 27609
WELCOME FEDERAL CREDIT UNION
PO BOX 830
MORRISVILLE, NC 27560
VISION FINANCIAL FEDERAL CREDIT UNION
PO Box 15818
DURHAM, NC 27704
FIRST FLIGHT FEDERAL CREDIT UNION
1815 KILDAIRE FARM RD, SUITE A
CARY, NC 27518
R T P FEDERAL CREDIT UNION
P O Box 12807
RTP, NC 27709
LOCAL GOVERNMENT FEDERAL CREDIT UNION
3600 WAKE FOREST RD
RALEIGH, NC 27609-7309
COASTAL FEDERAL CREDIT UNION
PO Box 58429
RALEIGH, NC 27658