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Ellafi Federal Credit Union

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Ellafi Federal Credit Union Rates & Review May 2026

Q: Is a member application needed to join Ellafi Federal Credit Union?

Yes, to access services at Ellafi Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Ellafi Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: May 15, 2026

You can compare Ellafi Federal Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 2.77%, 6-month share certificate rates at 2.76% and 3-month share certificate rates at 2.00%. Savings rates are at 0.50% and money market rates are at 1.13%. Mortgage rates on 30-year fixed loans are around 6.11%. All these rates can be compared to Ellafi Federal Credit Union rates. MonitorBankRates evaluates the financial stability of Ellafi Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 3.76%. Rates were last updated on 05/15/2026.

Ellafi Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Ellafi Federal Credit Union? Share your experience about Ellafi Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Ellafi Federal Credit Union.

Verified Strong Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 98/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

3.76%

Excellent Lower than avg

Ellafi Federal Credit Union
Main Office

524 S Main St
Middletown, CT 06457 4215

https://www.ellafifcu.org/

Current Rate Availability

We do not have Ellafi Federal Credit Union rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Ellafi Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Ellafi Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Ellafi Federal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Ellafi Federal Credit Union

Website https://www.ellafifcu.org/

Address 524 S Main St, Middletown, CT 06457 4215

Phone 860-346-6614

Fax 860-346-4214

President James Misenti

CEO Robyn Swanson

Full-Time Employees 41

Part-Time Employees 2

Branch Locations 3

ATM Locations 3

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (98/100)

Texas Ratio

3.76%

Return on Assets (ROA)

0.2060%

Return on Equity (ROE)

2.8078%

Non-Performing Loans Ratio (NPL)

0.42%

Total Assets

174,329,284

Total Amount of Shares and Deposits

156,910,436

Total Shares and Deposits < 1 Year

156,024,401

Total Shares and Deposits 1 3 Years

607,694

Total Shares and Deposits > 3 Years

278,342

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

3,429,712

Total Uninsured Shares and Deposits > $250K (F+J)

3,429,712

Total Insured Shares and Deposits > $250K (item 17 less item K)

153,480,724

Total Interest Expense (Sum of items 6 8)

1,330,681

Share Certificates

875

Number of Accounts for Share Drafts

8,921

IRA KEOGH Accounts

456

Number of Accounts for Regular Shares

18,250

Non Member Deposits

Money Market Shares

320

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

3,775,927

Total Liabilities

163,102,738

Source: NCUA — Last Updated 09/30/2025

2026 MBR Health & Safety Badge

Ellafi Federal Credit Union earned the Verified Strong badge

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Customer Reviews

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Total Reviews

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Frequently Asked Questions About Ellafi Federal Credit Union

How many branches does Ellafi Federal Credit Union operate?

Ellafi Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Ellafi Federal Credit Union?

Yes, to access services at Ellafi Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Ellafi Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Ellafi Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Ellafi Federal Credit Union offer online and mobile banking?

Most modern institutions like Ellafi Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.ellafifcu.org/.