Credit union · NCUA insured
Electrical Workers Local 58 Credit Union
A $20.9M credit union headquartered in Detroit, MI, with 1,840 members and 1 branch in Michigan. Best rates: CDs 3.30% and savings 0.05% APY.
Electrical Workers Local 58 Credit Union Carrot Score
81
Carrot Score
Higher than 57% of U.S. banks and credit unions
#41 of 75 in Detroit, MI metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Electrical Workers Local 58 Credit Union
Founded in 1955 by members of IBEW Local 58, Electrical Workers Local 58 Credit Union is based in Detroit, Michigan.
The credit union is owned by its members, returning its profits to them through dividends, affordable loan rates, and lower fees.
- Headquarters
- 1366 porter ST, Detroit, MI 48226
- NCUA charter
- 64267
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Family and household
- Immediate family members (including spouse, children, brothers, sisters, and parents) of members are eligible for membership.
Branches
1 branch in Michigan
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Michigan
1 branch
- electrical workers credit unionMain office1366 porter ST, Detroit, MI 48226Directions
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 | 12.24% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.09% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 1.90% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $31 | $59 | — |
- CapitalNet worth ratio12.24%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.09%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets1.90%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$31Peers’ 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 Local 58 Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.