ALABAMA RURAL ELECTRIC

PO BOX 240547
Montgomery, AL 36124

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 68624
Date Established 1969
Assets $34.25 million
Loans $23.14 million
Deposits $29.91 million
Capital $4.13 million

Alabama Rural Electric is an NCUA insured institution located in Montgomery, AL. It was founded in 1969 and has approximately $34.25 millions in assets.

Field of Membership Restrictions

Membership for Alabama Rural Electric CU is open to any current or retired employees, and the family members of said persons, that are currently working for or has worked for the Alabama Rural Electric Association, or any of their affiliated cooperatives.

Deposit Rates - September 14, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
1.51% $1,000 $49,999 Learn MoreShow Less
12 Mo CD
2.02% $1,000 $49,999 Learn MoreShow Less
18 Mo CD
2.27% $1,000 $49,999 Learn MoreShow Less
30 Mo CD
2.63% $1,000 $49,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
1.26% $1,000 - Learn MoreShow Less

Loan Rates - September 14, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for ALABAMA RURAL ELECTRIC

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.751% 3.750% 0.00 $25 $1,158 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to ALABAMA RURAL ELECTRIC
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Branches

Below are Alabama Rural Electric branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Alabama Rural Electric Locations


Financial Details

Alabama Rural Electric Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Alabama Rural Electric. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Alabama Rural Electric U.S. Average
5.54% 6.77

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 31, 2019, Alabama Rural Electric had $237,070 in non-current loans and $0 in owned assets. To cover these potential losses it had $4,129,850 in net worth and $150,159 in loans loss reserves. That gives it a Texas Ratio of 5.54%.

Net Worth
Alabama Rural Electric U.S. Average
12.05% 13.47%

Alabama Rural Electric FCU has a net worth of 12.05% versus the BestCashCow average of 13.47. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Alabama Rural Electric

Branches and Savings

What is Alabama Rural Electric?

A federal credit union, registered with the NCUA under certificate #68624.
Learn more about credit unions here.

Is Alabama Rural Electric FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Alabama Rural Electric?

Please see Field of Membership information above for information on who is eligible to join.

What are Alabama Rural Electric's share account and share certificate rates?

Alabama Rural Electric's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Alabama Rural Electric?

Alabama Rural Electric has total capital of $4.13 million. Full information on Alabama Rural Electric's financial position is located above.

Who owns Alabama Rural Electric?

Credit Unions are owned by their members.

Where are Alabama Rural Electric branches located?

See branch locations nearby.

Are Alabama Rural Electric ATMs Open 24/7?

Do Alabama Rural Electric ATMs accept cash deposits?

Can Alabama Rural Electric customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Alabama Rural Electric have a mobile app?

Does Alabama Rural Electric have mobile deposit?

Does Alabama Rural Electric have quick pay?

How can Alabama Rural Electric transfer money to other banks or credit unions?

Does Alabama Rural Electric report to credit bureaus?

Does Alabama Rural Electric use Chexsystems?

Does Alabama Rural Electric use Equifax?

What is Alabama Rural Electric's toll free phone number?

What is Alabama Rural Electric's ACH Routing Number?

What is Alabama Rural Electric's SWIFT code?

Where can I find Alabama Rural Electric's wire transfer form?

What is the Alabama Rural Electric address for deposits?

What Products Does Alabama Rural Electric Offer

Does Alabama Rural Electric offer mortgages?

Compare mortgage rates here.

Does Alabama Rural Electric offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Alabama Rural Electric offer auto and RV loans?

Compare auto loan rates here.

Does Alabama Rural Electric offer student loans or personal loans?

Compare personal loan rates here.

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