Ely, MN · State Credit Union · Chartered in MN
Who can join
State government employees (special charter)
Members
4,523
Net Worth Ratio
16.11%
min. 7% = Well Capitalized
Contact & Details
NCUAWebsite
Phone
Address
Branch Locations
Credit unions are exempt from CRA. The Community Reinvestment Act applies only to FDIC-insured banks and thrifts. Credit unions are regulated by NCUA and evaluated under a separate safety and soundness framework.
Total Assets
$75.2M
Total Shares
$63.0M
Total Loans
$25.7M
Net Income
$466K
Net Worth Ratio
16.11%
≥7% = Well Capitalized
Members
4,523
Return on Assets
0.62%
annualized · >0.5% healthy
Loan-to-share ratio: 40.8%· healthy range 60–80%
| Year | Applications | Originated | Denials | Orig. Rate | Denial Rate |
|---|---|---|---|---|---|
| 2023 | 58 | 41 | 11 | 70.7% | 19.0% |
No CFPB complaint data available for this credit union.
Main Branch
2 E Chapman St, Ely, MN, 55731
M-T 8:30-5:00 F 8:30-5:30
Babbitt
24 Commerce Rd, Babbitt, MN, 55706
M-F 8:30-4:30
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<a href="https://bankscorer.com/credit-union/ely-area" target="_blank" rel="noopener">View ELY AREA on Bank Scorer</a>Data sourced from NCUA 5300 Call Report and branch data. Updated quarterly.