The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

From Q2 2025 to Q2 2026, the score rose 6 points (93 → 99), mostly because the loan quality component improved by 21 points.

Percentile against credit unions of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Similar-size credit unions in Minnesota

Yes. Ely Area Credit Union is a federally insured credit union (NCUA charter #63398). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.

An estimated 2.8% of shares and deposits ($1.7M) are above the $250,000 NCUA insurance limit, close to the peer median of 1%. Insured balances are protected regardless of the score.

The net worth ratio is 16.97%, well above the 7% level regulators use as the "well capitalized" benchmark for this measure.

Check how much of your own balance is covered

Ely Area Credit Union lists 2 offices in 2 cities. Most locations:

• Babbitt, MN (1)
• Ely, MN (1)

All branch addresses and map

In 2025, Ely Area Credit Union reported 40 home-loan applications under HMDA (LEI 254900WUFBTURHYEWD17): 34 originated ($2,790,000 total), 3 denied, and 0 withdrawn or closed by the applicant. Its denial rate on decided applications was 7.5%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Legal name

Ely Area Credit Union

Type

Federally insured state-chartered credit union

NCUA charter #

63398

RSSD ID

631897

Primary regulator

State + NCUA

Established

1938

Headquarters

2 E Chapman St, Ely, MN 55731

Employees

9