Electel Cooperative Credit Union

About Electel Cooperative Credit Union

Electel Cooperative Credit Union Location

Po Box 27306
Raleigh, NC 27611

Phone: (800) 849-5600
Website: www.electelccu.org
Routing/Transit Number: Not Available

Electel Cooperative Credit Union Information

Electel Cooperative Credit Union of Raleigh, NC is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 7427 members and assets of $35,168,950, as compared to the national average of $93 million dollars of assets per credit union. Electel Cooperative Credit Union, first opened in 1969 and has been in operation since then. Additionally, Electel Cooperative Credit Union has 16 full time employees and 1 part time employees, or 436.882352941 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Electel Cooperative Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Electel Cooperative Credit Union is a not-for-profit, cooperative, tax-exempt organization.