Electel Cooperative
Electel Cooperative is a credit union based in Raleigh, North Carolina, established in 1969, with $67 million in total assets serving 7,381 members. By Trust Grade it ranks 43rd of 57 credit unions we track in North Carolina. Its net worth ratio of 12.9% trails most similarly sized credit unions (40th percentile), versus a North Carolina median of 12.7%. It posted a loss over the most recent period (-0.23% return on assets), a point to watch. No consumer complaints against Electel Cooperative appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Electel Cooperative compares to North Carolina peers
How we graded Electel Cooperative
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (12.9% capital ratio)
- Unprofitable over the period (ROA -0.23%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Electel Cooperative over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Electel Cooperative insured?
Yes. Electel Cooperative is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Electel Cooperative: frequently asked questions
Is Electel Cooperative a good credit union?
Electel Cooperative earns a Bankzia Trust Grade of B (88/100, "Strong"), based on a financial-strength score of 88/100 (it has no CFPB complaints on record). Strongly capitalized (12.9% capital ratio); Unprofitable over the period (ROA -0.23%).
Is Electel Cooperative NCUA-insured?
Yes. Electel Cooperative is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Electel Cooperative?
Electel Cooperative holds $67 million in total assets, ranking 43rd of 57 credit unions we track in North Carolina. It serves 7,381 members.
Does Electel Cooperative have CFPB complaints?
No CFPB complaints against Electel Cooperative appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
