Credit Union Safety Analysis
Is Ely Area Credit Union Safe? Ely, Minnesota
Based on its Q2 2026 NCUA 5300 call report, Ely Area Credit Union has a net worth ratio of 16.97%, at the NCUA level for well capitalized, its 60-day delinquency ratio is 0.14%, and its shares are NCUA insured up to $250,000 per member.
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Short answer
On its Q2 2026 NCUA 5300 call report, Ely Area Credit Union's net worth ratio is 16.97%, above the 7% NCUA threshold for well capitalized.
- Net worth ratio (Q2 2026): 16.97%
- Delinquency ratio (60+ days) (Q2 2026): 0.14%
- Return on assets (Q2 2026): 2.68%
- Loan-to-share ratio (Q2 2026): 41.90%
Ely Area Credit Union (NCUA charter 63398, established 1938) reported $74.3M in assets and 4,553 members for Q2 2026 from Ely, Minnesota. It ranks 44 of 79 credit unions in Minnesota by total assets. Total assets grew 6.8% from $69.6M on June 30, 2025. It has 74 fewer members than on June 30, 2025 (-1.6%). Its net worth ratio was up 1.50 percentage points from 15.47% on June 30, 2025. 1- to 4-family residential and other consumer real estate loans are its largest loan category, $13.8M of $25.8M in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 0.14% is below the 0.86% median of the 2,162 credit unions with under $100M in assets for Q2 2026.
Data as of · sourced from NCUA 5300 call reports. How we update
Scorecard by dimension
Median of the 2,479 credit unions with under $100M in assets: 14.31%; middle half of peers: 11.14% to 19.38%.
Earlier filings: 16.11% for Q1 2026; 15.47% for Q2 2025.
Median of the 2,162 credit unions with under $100M in assets: 0.86%; middle half of peers: 0.35% to 1.93%.
Earlier filings: 0.78% for Q2 2025.
Median of the 2,477 credit unions with under $100M in assets: 0.72%; middle half of peers: 0.16% to 1.30%.
Earlier filings: 2.48% for Q1 2026; 2.59% for Q2 2025.
Median of the 2,470 credit unions with under $100M in assets: 58.92%; middle half of peers: 42.33% to 75.81%.
Earlier filings: 40.80% for Q1 2026; 43.65% for Q2 2025.
Loans by type, Q2 2026
- 1- to 4-family residential and other consumer real estate loans: $13.8M
- Used vehicle loans: $5.8M
- New vehicle loans: $2.7M
- Other secured non-real estate loans and lines of credit: $2.3M
- Other unsecured loans and lines of credit: $942K
- Unsecured credit card loans: $371K
Scored ratios by quarter
| Quarter | Total assets | Net worth ratio | Delinquency | ROA | Loan-to-share |
|---|---|---|---|---|---|
| June 30, 2026 | $74.3M | 16.97% | 0.14% | 2.68% | 41.90% |
| March 31, 2026 | $75.2M | 16.11% | — | 2.48% | 40.80% |
| December 31, 2025 | $73.2M | 15.93% | 0.50% | 2.19% | 41.62% |
| September 30, 2025 | $73.6M | 15.28% | 0.01% | 2.61% | 40.61% |
| June 30, 2025 | $69.6M | 15.47% | 0.78% | 2.59% | 43.65% |
| March 31, 2025 | $69.2M | 14.91% | 0.40% | 2.17% | 42.12% |
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How we score this
Net worth ratio: NCUA well capitalized at 7%, adequately at 6%. Our bands, pass to fail: delinquency 1% to 2%, ROA 0.5% to 0%, loan-to-share 85% to 100%. Not a credit rating. Methodology.
Regulator records: NCUA credit union profile (charter 63398) · FFIEC NIC profile (RSSD 631897)
Frequently asked questions
Is Ely Area Credit Union well capitalized?
On its Q2 2026 NCUA 5300 call report, Ely Area Credit Union's net worth ratio is 16.97%, above the 7% NCUA threshold for well capitalized.
Is Ely Area Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. Ely Area Credit Union is a federally insured credit union (NCUA charter 63398): its share insurance fund, run by the NCUA, covers $250,000 per member per ownership category.
What are Ely Area Credit Union's key safety ratios?
For Q2 2026, Ely Area Credit Union reports net worth 16.97%, delinquency 0.14%, ROA 2.68%, loan-to-share 41.90%.
What happens to my money if Ely Area Credit Union fails?
For Q2 2026, Ely Area Credit Union held $61.6M in shares and deposits for 4,553 members. If it failed, the NCUA would pay its insured shares up to $250,000 per member.