ELY AREA CREDIT UNION - Ely, MN

Welcome to Ely Area, your trusted financial partner located at 2 E Chapman St, Ely, MN 55731. Since our establishment in 1938, we have been dedicated to serving our community and fostering strong relationships with our members. With a proud membership of 4,629 individuals, we are committed to providing the best in personal and business banking services. At Ely Area, our total assets amount to an impressive $69,699,623, reflecting our stability and growth. We manage $11,297,773 in deposits while facilitating 1,842 loans and leases that empower our members to achieve their financial goals. Our net worth stands at $9,581,964, ensuring you can trust us with your savings and investments. Led by our CEO, Mark Krekelberg, and Board President, Stephen Peterson, our team of ten dedicated employees is here to assist you every step of the way. Whether you're looking for auto loans, mortgage options, or convenient online banking solutions, we have tailored products designed for your needs. While members can visit us at our branch address for face-to-face support or to use our drive-thru services, official correspondence should be sent to the same location: 2 E Chapman St, Ely, MN 55731. Join us at Ely Area Credit Union today! Visit our website at elyareacu.org or call us at 218-365-3131 to learn more about how we can help you achieve your financial dreams.

Welcome to the Ely Area Credit Union, your friendly financial partner located at 2 E Chapman St in beautiful Ely, Minnesota. Our branch is conveniently situated near local landmarks, making it easy for you to stop by and meet your banking needs. Whether you're coming from the heart of downtown or heading out for a day of adventure in the stunning Boundary Waters, we're here to serve you. At Ely Area, we prioritize accessibility for all our members. Our branch features ADA-compliant entrances and ramps, ensuring that everyone can easily access our services. If you're driving in, rest assured there's ample parking available right outside our door. We're open Monday through Thursday from 8:30 AM to 5:00 PM, and on Fridays until 5:30 PM. This gives you plenty of time during the week to visit us and take advantage of our wide range of services, including personal banking, auto loans, mortgage options, and more. Plus, with our drive-thru service available, you can quickly handle deposits and withdrawals without leaving your car. For those on the go, we also offer ATM access so you can withdraw cash or check your balance anytime you need it. Should you have any questions or need assistance, don't hesitate to give us a call at 218-365-3131. While members can visit us at 2 E Chapman St for all their banking needs, official correspondence should be sent to the same address as our mailing address is the same. Come visit Ely Area Credit Union today! We look forward to welcoming you into our community-focused family.

At Ely Area, we believe that everyone deserves a place to call home when it comes to their financial needs. Becoming a member is simple and welcoming! If you live, work, worship, or attend school in our community or have family members who are already part of our credit union, you're likely eligible for membership. We're here to support you with a range of services, from personal banking to auto loans, all designed to help you thrive financially. To learn more about the specific eligibility requirements, feel free to visit our detailed resource at http://www.elyareacu.org/new-membership-application . Once you've determined your eligibility, opening an account with us is a breeze! Just visit our website at http://www.elyareacu.org/loan-application where you'll find everything you need to get started. If you have any questions or need assistance along the way, don't hesitate to give us a call at (218) 365-3131. We're excited to welcome you into the Ely Area family at our branch located at 2 E Chapman St Ely Mn 55731, where community and care come together!

At Ely Area, we understand that banking should fit into your busy lifestyle. That's why we offer a range of digital and online banking services designed to make managing your finances easier and more secure than ever. With our 24/7 online banking access, you can check balances, transfer funds, and pay bills anytime, anywhere. Explore our online banking features at https://elyareacu.org/ . Our platform is user-friendly, ensuring that you can navigate your accounts with ease. For those who prefer going paperless, we provide e-statements, allowing you to view your financial documents securely online without the clutter of physical paperwork. Need to send money quickly? Our person-to-person transfer feature makes it simple to send or receive money from friends and family right from your mobile device or computer. Plus, if you're always on the go, our mobile application gives you full access to your accounts in the palm of your hand. You can even use mobile payments for a quick and easy checkout experience at participating stores. When it comes to security, we take it seriously. While we currently do not offer electronic signature authorization, our systems are equipped with strong security measures to protect your personal information and transactions. With features like mobile payments and real-time account management, accessing your money has never been easier or safer. Join us at Ely Area today to experience how our digital banking services can help simplify your financial life!

At Ely Area, 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 are dedicated to ensuring that our members feel confident in their financial future, knowing they are supported by a robust institution. With a net worth of $9,581,964, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. This solid foundation is further highlighted by our net worth ratio of $1,375, demonstrating that we have the capital necessary to continue providing loans and competitive savings rates, even during uncertain economic times. Members' savings are secured through $0 in share certificates and $0 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. We also take pride in having 9 full-time employees and 1 part-time employees who are committed to serving you with knowledge and dedication. Our team is always ready to assist you in achieving your financial goals. With $373 in used auto loans and $25,419,016 in total loans and leases, our lending capacity supports members' financial aspirations across various sectors. Additionally, our operational efficiency is reflected in our $920,128, which enables us to continue offering competitive loan rates and solid financial products for our members. Total Share and Deposit Accounts stand at 9,431, showcasing a strong and growing member base that trusts us with their finances. Our net shares available for lending and investments amount to $15,178,176, further emphasizing our commitment to supporting your needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Ely Area is your trusted partner. Visit us at 2 E Chapman St Ely Mn 55731 or call (218) 365-3131 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.