ELECTEL COOPERATIVE Credit Union Profile

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ELECTEL COOPERATIVE

Charter #24819 | NCUA Region 2 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (800) 849-5600

Fax: (919) 876-8018

Founding Date: N/A

Website: http://www.electel.org

Personnel & Operations

President: Durham, Eddie

Manager: Armstrong, Scott

FT Employees: 11

PT Employees: 1

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 53

Branches: 5

Hours: Monday, Tuesday, Thursday, and Friday 8am-5

Credit Union Profile Summary

ELECTEL COOPERATIVE is a FCU Credit Union. With a total of 7,481 members [1], this institution manages approximately $63,736,702 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 13.43% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 2.24% [1].

Financial Snapshot

Total Assets [1]
$63,736,702

Total economic resources.

Total Loans [1]
$40,391,094

Total value of outstanding loans.

Total Deposits [1]
$55,174,928

Total funds deposited by members.

Members [1]
7,481

Number of active members.

Performance Ratios

Net Worth Ratio [1]
13.43%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.96%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
73.21%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 1.37%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↑ 2.24%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -0.35%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

3400 Sumner Blvd

Raleigh, NC, 27616
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 5 branches reported by ELECTEL COOPERATIVE (Charter #24819).

Main Office

Raleigh Main Office

Type: Corporate Office

3400 Sumner Blvd

Raleigh, NC 27616

Phone: (800) 849-5600

Services: Member Services

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Additional Branches

Burlington

Caswell

Type: Branch Office

300 Rascoe Dameron Rd

Burlington, NC 27217

Phone: (336) 421-1296

Services: Member Services

Open in Directions

Hillsborough

Hillsborough

Type: Branch Office

2500 NC Highway 86 S

Hillsborough, NC 27278

Phone: (919) 732-1622

Services: Member Services, Drive-Thru

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Roxboro

Roxboro

Type: Branch Office

1125 Oxford Rd

Roxboro, NC 27573

Phone: (336) 503-6700

Services: Member Services, Drive-Thru

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Wake Forest

Wake Forest

Type: Branch Office

414 Wait Ave

Wake Forest, NC 27587

Phone: (800) 849-5600

Services: Member Services

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