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Electrical Credit Union

Overview
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Electrical Credit Union is a federal credit union based in Arvada, Colorado. It has been opened since 1953, for 67 years.

With around $39,990,000 in assets, Electrical Credit Union is considered to be an average size credit union. It has 1 branches and 1 ATM locations.

About
Address 5080 W. 60th Avenue
Arvada, Colorado 80003
Website http://www.electricalfcu.org
Phone (303) 428-5080
Fax (303) 428-6602
CEO Karen Rusan
President of the Board Tilden Hollcroft
Services Offered
Map
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Score Card
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67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
4,145 members
Membership type: Multiple common bond – other
Average number of members
461:1
Credit union member to staff ratio
461 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$39,991,956
Total assets
Average size
1 branch
Compared with an average of 4 nationally and 4 in Colorado
Average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
11.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 4 in Colorado
Average number of branches
Electrical Credit Union Branch Locations

Electrical Credit Union: Main Branch
5080 W. 60th Avenue
Arvada, Colorado 80003
ATM Available
Members
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4,145 members
Membership type: Multiple common bond – other
Average number of members

With 4,145 members, the Electrical Credit Union is considered to be a medium size credit union. It is larger than 53% of credit unions.

Fees
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$75
Average fee per member
The average fee per member at the Electrical Credit Union is $75, which is high compared to most credit unions. This rate is higher than 70% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Electrical Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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461:1
Credit union member to staff ratio
461 per each FTE employee
Compared to 411:1 nationally
Fewer staff
9 staff members
FTE (full-time equivalent)
0% of employees are part-time
9 full-time, 0 part-time

Electrical Credit Union has 9 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Electrical Credit Union has around 461 members per staff, a higher ratio compared to other credit unions.

Assets
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$39,991,956
Total assets
Average size
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
9.3%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$6,671
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 80% of credit unions.

Electrical Credit Union holds a total of $20,560,000 in loans and leases, which is about $6,671 per member on average.

Savings interest rate
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Electrical Credit Union pays 0.10%.

Loan rates
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11.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.77%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.87%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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5.52%
New car loan rate
Compared to 4.0% nationally
6.09%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.01%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
3.21%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally