ELY AREA
Ely, MN · State Credit Union · Chartered in MN
Who can join
Type 99
Members
4,523
Net Worth Ratio
16.11%
min. 7% = Well Capitalized
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.
At a Glance
Total Assets
$75.2M
Peer Group 4
Members
4,523
as of latest quarter
Net Worth Ratio
16.11%
Well Capitalized
Institution Profile
NCUAWebsite
Phone
Address
Chartered
Branch Locations
Financial Snapshot
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%
Branch Locations
NCUAMain 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
Mortgage Lending (HMDA)
Credit unions that originate mortgages report Home Mortgage Disclosure Act (HMDA) data to the CFPB. This data covers application volumes, approvals, denials, and borrower demographics.
Consumer Complaints
No CFPB complaint data available for this credit union.
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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.