Welcome to electel-cooperative, a trusted financial institution serving our community since 1969. Located in the heart of Raleigh, NC, we are dedicated to empowering our members through exceptional service and a commitment to financial well-being. Under the leadership of CEO Scott Armstrong and Board President Eddie Durham, we pride ourselves on providing accessible banking solutions tailored to meet the unique needs of our members, including military personnel and their families.

At electel-cooperative, we understand that financial security is paramount. That’s why we are proud to be federally insured by NCUA since 9/17/1985 0:00, ensuring that your deposits are protected. We offer a range of modern banking tools designed for convenience and efficiency, such as online banking, a mobile application for easy access on-the-go, person-to-person transfers, electronic statements, and e-signature authorization. Our member-first approach means you can trust us to prioritize your financial goals while delivering personalized support every step of the way. Explore more about our services at https://electel.org/ or reach out to us at (919) 876-8018 for any inquiries. Join us in building a financially empowered community!

At Electel Cooperative, we understand that navigating financial decisions is essential for our members' everyday lives and future goals. That's why we offer a comprehensive range of services designed to meet diverse needs, including Personal Banking with Checking and Savings Accounts, Auto Loans and Vehicle Financing, Mortgage Loans and Refinancing, as well as Personal Loans and Debt Consolidation. Our Business Banking solutions cater to small business owners through Merchant Services and Business Loans, ensuring that whether you are managing daily expenses or planning for significant life milestones, you have the right financial tools at your disposal.

In today’s digital age, we prioritize accessibility with Online Banking and a user-friendly Mobile App that empowers members to manage their finances anytime, anywhere. With features like Person-to-Person Transfers and E-Statements, staying on top of your banking has never been easier. Although mobile payments aren't currently available, our commitment to providing seamless online experiences ensures you can efficiently handle transactions and access support when needed. If you're curious about membership qualifications, you can find more information at https://electel.org/join-now/ , and for those looking to explore loan options further, our loan comparison tool at https://www.lendmesh.com/loans/vehicle_loans helps you find the best rates tailored to your needs. Should you have any questions or require personal assistance, feel free to reach out via fax at (919) 876-8018; our dedicated team is here to support you every step of the way.

Electel Cooperative stands as a beacon of financial stability and community support in North Carolina, embodying the values of trust and partnership. With a robust Total Membership of 7,549, we have cultivated a strong, engaged community that relies on us for their financial needs. Our commitment to our members is reflected in our impressive Total Assets of 62,911,546, which underscores our capability to provide valuable services and support.

Our Net Worth of 8,124,098 showcases the solid foundation upon which Electel Cooperative is built, ensuring that we can weather economic fluctuations while continuing to serve our members with dedication. This strength is further illustrated by our Net Income of 338,023, demonstrating our ongoing commitment to sustainable growth and responsible management.

With Total Deposits reaching 2,688,512, we have established ourselves as a trusted institution where members feel secure entrusting their finances. Additionally, our extensive portfolio includes Total Loans and Leases amounting to 2,997, highlighting our role as a reliable lender in the community. We proudly maintain a dedicated team of Total Employees numbering 13, all working tirelessly to ensure that every member receives personalized service tailored to their financial goals.

Electel Cooperative's exceptional Net Worth Ratio of 1,291 indicates our sound financial health compared to industry standards, reinforcing the trust placed in us by our members. Our diverse offerings include a solid volume of Credit Card Loans at 556 and an impressive Auto Loan Volume totaling 1,516, reflecting our commitment to meeting various financial needs. While we focus on serving individuals, businesses too benefit from our services, although we currently do not engage in commercial loans, evidenced by the figure for Commercial Loans, which stands at 0.

At Electel Cooperative, transparency and accountability are paramount, and we invite you to explore how we can help you achieve your financial aspirations. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov . Compare real-time loan offers today at https://www.lendmesh.com/loans/vehicle_loans and find the best rates for your needs.