Credit union · NCUA insured
Electrical Workers 558 Federal Credit Union
A $45.3M credit union headquartered in Sheffield, AL, with 2,614 members and 1 branch in Alabama. Best rates: CDs 4.10% and savings 0.50% APY.
Electrical Workers 558 Federal Credit Union Carrot Score
77
Carrot Score
Higher than 43% of U.S. banks and credit unions
#7 of 13 in Florence, AL metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Electrical Workers 558 Federal Credit Union
Founded in 1958, Electrical Workers 558 Federal Credit Union is based in Sheffield, Alabama.
The credit union serves the members and families of the International Brotherhood of Electrical Workers Local Union 558.
- Headquarters
- 1705 E 17th St, Sheffield, AL 35660-2517
- NCUA charter
- 12478
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Members of the International Brotherhood of Electrical Workers Local Union 558 are eligible for membership.
Family and household
- Families of members of the International Brotherhood of Electrical Workers Local Union 558 are eligible for membership.
Branches
1 branch in Alabama
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Alabama
1 branch
- Main OfficeMain office1705 E 17th St, Sheffield, AL 35660Directions
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 | 20.52% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.00% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 1.95% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $65 | $59 | — |
- CapitalNet worth ratio20.52%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.00%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets1.95%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$65Peers’ 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 Electrical Workers 558 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.