Electel Cooperative Roxboro NC Credit Union | Low Mortgage Rates & Auto Loans

Introduction

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!

Branch History & Mission

Community Focus

At Electel Cooperative, community is at the heart of everything we do. We actively participate in local events and initiatives that promote financial literacy and support local causes. Our members benefit from personalized services such as checking and savings accounts, auto loans, mortgage refinancing, credit cards with rewards, and business banking solutions. We understand that the world is changing rapidly. That's why we've invested in online banking tools that allow you to manage your finances effortlessly from anywhere. Whether you're making deposits or applying for loans online, we're committed to providing you with user-friendly solutions that fit your lifestyle. As we look toward the future, we invite you to join us on this journey. Experience firsthand how Electel Cooperative can support your financial goals while being a part of a caring community. If you're ready to take the next step towards better financial health, visit us today or check out more details about membership options here. Let's build a brighter tomorrow together!

Our Journey

Over the years, Electel Cooperative has achieved remarkable milestones while staying true to our core values. We started with a small group of visionaries dedicated to helping others achieve financial stability. Today, we proudly hold total assets of $62,911,546, reflecting our growth and the trust placed in us by our members. As we have expanded our services, we have embraced digital advancements to provide convenient banking options while remaining accessible to everyone in our community.

Our Mission

Our mission at Electel Cooperative is simple yet powerful: to provide exceptional financial services that empower individuals and strengthen families. We believe in fostering community support through various outreach programs and partnerships. Our dedication goes beyond mere banking; we strive to make a meaningful impact on the lives of those we serve. While members can visit us at 1125 Oxford Rd, official correspondence should be sent to the same address for consistency. Our operating hours are tailored to meet your needs: Monday through Friday from 8 AM to 12 PM and 1 PM to 5 PM. We also offer drive-thru banking for quick transactions.

Branch Location & Accessibility

Connect with Us

We invite you to stop by our Roxboro branch or give us a call at 336-503-6700 if you have any questions or need assistance. Our dedicated team is here to help you navigate your financial journey. Come visit us today!

Local Landmarks and Accessibility

You'll find us just a short drive from popular local spots like the Person County Museum of History and the scenic Mayo Lake Park. This prime location not only offers easy access but also ample parking, ensuring that your visit is as hassle-free as possible. We take pride in being accessible to everyone; our branch is ADA compliant, featuring ramps and other accessibility options to cater to all members of the community.

Operating Hours and Services

Our doors are open Monday through Friday from 8 AM to 12 PM and then again from 1 PM to 5 PM, making it convenient for you to stop by during your day. While we don't have ATM services available at this location, we do offer basic drive-thru banking for quick transactions such as deposits and withdrawals. At Electel Cooperative, we provide a range of personal banking services including checking and savings accounts, auto loans, mortgages, personal loans, credit cards with rewards, and business banking solutions. With our online and mobile banking options available as well, managing your finances has never been easier.

Member Eligibility

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.

Business Banking & Commercial Services

Business Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs. While we currently do not have member or non-member commercial loans funded, we aim to create flexible financing solutions that can adapt to the needs of local entrepreneurs. Imagine having the capital needed to purchase new equipment or invest in marketing strategies that drive customers through your doors. With a solid backing from our financial experts, you can focus on what matters most: running your business.

Merchant Services

In addition to loans, we offer merchant services that simplify payment processing for your business. Imagine being able to accept payments seamlessly whether it's online, over the phone, or in person allowing you to provide a better experience for your customers. This means faster transactions and improved cash flow, helping you keep your business running smoothly. At Electel Cooperative, located at 1125 Oxford Rd Roxboro Nc 27573 in Roxboro, NC, we're here to empower local businesses like yours. Reach out today at (336) 503-6700 to learn how we can help you achieve your goals!

Comprehensive List Of Services

Banking at Your Fingertips

In today's fast-paced world, convenience is key. That's why we've invested in online and mobile banking platforms that make accessing your accounts easier than ever. Check balances, transfer funds, and even pay bills all from the comfort of your own home or on the go.

Business Banking Solutions

For our business members, we offer comprehensive banking services including merchant services and business loans. We recognize that running a business comes with its challenges, which is why we're here to assist you in finding the right financial solutions tailored specifically for your entrepreneurial journey.

Credit Cards with Benefits

Our credit cards aren't just about making purchases; they come with rewards that add value to your everyday spending. Imagine earning points or cash back on things you already buy! It's an easy way to enhance your purchasing power without stretching your budget.

Financing Your Dreams

When it comes to financing, we understand that life is full of big moments. Whether you're looking to purchase a new car or refinance your home, Electel Cooperative offers competitive auto loans and mortgage loans tailored to fit your budget. Picture driving away in your new vehicle or settling into your newly refinanced home with peace of mind knowing you've made a smart financial choice.

Personal Banking Made Easy

Navigating your finances can be overwhelming, but our personal banking options simplify the process. With checking and savings accounts designed for your convenience, you can easily manage your funds. Imagine having quick access to your savings while also earning interest our accounts are structured to help you achieve just that.

Support for Everyday Needs

Sometimes unexpected expenses arise, and that's where our personal loans and debt consolidation options come in handy. We provide flexible solutions that allow you to tackle those surprise bills or consolidate debt into manageable payments. You'll feel supported knowing you have options when life throws curveballs.

Visit Us Today!

At Electel Cooperative, located at 1125 Oxford Rd, Roxboro, NC 27573, we're ready to serve you Monday through Friday from 8 AM to 12 PM and 1 PM to 5 PM. Feel free to reach out at 336-503-6700 for any inquiries or assistance regarding our services. Join us today and discover how we can help you achieve financial success! For more information on eligibility or to open an account, visit us at electel.org. We look forward to being part of your financial journey!

Digital & Online Banking

Key Features for Your Convenience

Our online banking platform allows you to keep track of your finances in real-time. Whether you want to check your balance, pay bills, or transfer money between accounts, it's all just a few clicks away. Plus, with our person-to-person transfer feature, sending money to friends or family has never been easier. Security is a top priority for us. That's why we offer electronic signature authorization, ensuring that your transactions are safe and streamlined. Say goodbye to printing and mailing forms everything can be done digitally!

Mobile App for Banking on the Go

For even more convenience, download our mobile application. With it, you can manage your accounts right from your smartphone. Check balances, deposit checks, and access all the features you've come to love about our online banking all at your fingertips. At Electel Cooperative, we're committed to making banking simple and efficient. Experience the ease of managing your finances digitally today!

Stay Organized with E-Statements

Keep your financial records tidy with our e-statements service. Instead of cluttering your mailbox with paper statements, receive them directly in your email. This not only helps you stay organized but also contributes to a more sustainable environment.

Financial Strength

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 12.91% 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 $-$38,073 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.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $13,365,171 in used vehicle loans and $11,207,294 in new vehicle loans already helping members get on the road. We provide options for both new and used vehicles, making it easier for you to drive away in the car that fits your lifestyle.

Credit Lines

In addition to these options, we offer credit lines totaling $6,000,000. This provides an excellent way to have money available for emergencies or planned purchases without having to reapply each time you need funds. If you're considering refinancing any existing loans or exploring eligibility options for our products, please reach out. We are dedicated to finding solutions that work best for our members. For more information about our loan offerings or assistance with applications, feel free to contact us at 336-503-6700 or visit us at 1125 Oxford Rd Roxboro NC 27573. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let Electel Cooperative help you take the next step towards achieving your financial dreams!

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $7,509,779, which make buying or refinancing simple. Whether you're a first-time homebuyer or looking to upgrade your current living situation, our team is here to guide you through the process.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $2,213,316 in loans helping members manage their finances effectively. These credit cards come with rewards programs and help you build your credit while providing easy access to funds when you need them most.

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. With a commitment to transparency and reliability, LendMesh ensures that users receive accurate information to make informed financial decisions. Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This compliance guarantees that the loan offers presented are fair and transparent, giving users peace of mind as they explore their options. One of the key benefits of using LendMesh is its Verified Data. All loan offers come from legitimate financial institutions, ensuring that users have access to trustworthy information. Additionally, LendMesh prides itself on having No Sponsored Listings; lenders are not prioritized based on paid promotions. Instead, the focus is solely on providing unbiased results for every user. LendMesh also offers Real-Time Rate Comparisons, which means that users can view up-to-date loan rates from multiple institutions. This feature helps individuals make well-informed choices that suit their financial needs. Thousands of users trust LendMesh for loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" By utilizing LendMesh's comprehensive tools, you can compare real-time loan offers today at LendMesh and find the best rates for your needs. *Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.*

ELECTEL COOPERATIVE FEDERAL CREDIT UNION - Roxboro, NC

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