Credit union · NCUA insured
ElecTel Cooperative Federal Credit Union
Top CarrotA $66.5M credit union headquartered in Raleigh, NC, with 7,381 members and 5 branches in North Carolina. Best rates: CDs 3.90% and savings 2.70% APY.
ElecTel Cooperative Federal Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 99% of U.S. banks and credit unions
#2 of 32 in Raleigh, NC metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About ElecTel Cooperative Federal Credit Union
ElecTel Cooperative Federal Credit Union is headquartered in Raleigh, North Carolina.
- Headquarters
- 3400 Sumner Blvd, Raleigh, NC 27616
- NCUA charter
- 24819
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Employees, officers, and directors of specified electric and telephone cooperatives in North Carolina and Virginia are eligible for membership.
Family and household
- Immediate family members (spouse, child, sibling, parent, grandparent, grandchild, stepparents, stepchildren, stepsiblings, and adoptive relationships) of employees, officers, and directors of specified cooperatives are eligible for membership.
- Members of the immediate family or household of consumers/members of specified cooperatives are eligible for membership.
Other ways
- Consumers and members of specified electric and telephone cooperatives are eligible for membership.
Branches
5 branches in North Carolina
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North Carolina
5 branches
Raleigh area · 2
- RaleighMain office3400 Sumner Blvd, Raleigh, NC 27616Directions
- Wake Forest414 Wait Ave, Wake Forest, NC 27587Directions
Durham area · 2
- Hillsborough2500 NC Highway 86 S, Hillsborough, NC 27278Directions
- Roxboro1125 Oxford Rd, Roxboro, NC 27573Directions
Burlington area · 1
- Caswell300 Rascoe Dameron Rd, Burlington, NC 27217Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 12.67% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.37% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.01% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $71 | $59 | — |
- CapitalNet worth ratio12.67%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.37%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.01%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$71Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of ElecTel Cooperative Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.