ELECTEL COOPERATIVE FEDERAL CREDIT UNION

Welcome to Electel Cooperative, your trusted partner in financial wellness since 1969! Located at 1125 Oxford Rd, Roxboro, NC 27573, we are dedicated to serving our community with personalized banking solutions tailored just for you. With a proud membership of over 7,549 individuals, our cooperative spirit means you come first. At Electel Cooperative, we believe that strong financial health leads to thriving communities. That's why we proudly manage total assets of $62,911,546, ensuring that we have the resources to support your financial goals. Our members enjoy a variety of services, from checking and savings accounts to auto loans and mortgages. In fact, we've facilitated 2,997 loans and maintain total deposits of $2,688,512, reflecting our commitment to helping you save and grow. While members can visit us at our branch for face-to-face support and transactions, official correspondence should be sent to the same address: 1125 Oxford Rd, Roxboro, NC 27573. If you have any questions or need assistance, don't hesitate to reach out at 336-503-6700. Our team is led by CEO Scott Armstrong and Board President Eddie Durham, who are committed to providing excellent service and fostering a welcoming environment. With a dedicated staff of 13 employees, we're here to assist you every step of the way. Join us today and discover how Electel Cooperative can help you achieve your financial dreams. Visit our website at electel.org or stop by our branch during lobby hours Monday through Friday from 8 AM to 12 PM and 1 PM to 5 PM. We look forward to welcoming you into our community!

Becoming a member of Electel Cooperative is like joining a welcoming family that prioritizes your financial well-being. If you live, work, or worship in the area, you're likely eligible to become a member! It's all about connecting with our community, so whether you're a local resident or part of a nearby organization, we want you to experience the benefits we offer. At Electel Cooperative, we provide personal banking services that can help you achieve your financial goals while enjoying lower fees and better rates compared to traditional banks. To start your membership journey, just visit us at our branch located at 1125 Oxford Rd Roxboro Nc 27573 or give us a call at (336) 503-6700 for any questions you might have. You can also find more detailed eligibility criteria on our website at https://electel.org/join-now/ . Opening an account is simple and straightforward; check out the account opening details at https://electel.org/apply/ to get started today! Join us and discover how being part of Electel Cooperative can empower your financial future.

At Electel Cooperative, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We understand that your trust is earned through our commitment to sound financial practices and transparent operations. Sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results, our financial data reflects a strong foundation built for your benefit. With a net worth of $8,124,098, we maintain robust financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,291 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $9,580,534 in share certificates and $7,017,859 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $193,183, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. Our financial strength is further reflected in our $6,647,271 in undivided earnings, which allows us to reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve you better. With $758 in used auto loans and $39,484,561 in total loans and leases, our lending capacity supports members' financial goals across various sectors. Additionally, our $338,023 indicates operational efficiency that enables us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 12 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Net Shares (Funds available for lending and investments): $1,217,309. Total Share and Deposit Accounts: 13,360, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Electel Cooperative is your trusted partner. Visit us at 1125 Oxford Rd Roxboro Nc 27573 or call (336) 503-6700 to learn more about how we can help you achieve your financial goals.

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