Electrical Workers No 22 logo

Electrical Workers No 22 in Omaha, NE

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Member-owned federal credit union serving Local #22 electrical workers and families since 1956, offering checking, savings, loans, and online banking.

Data compiled from public sources

Electrical Workers No 22 Review

Electrical Workers #22 Federal Credit Union was established on January 5, 1956, and has operated as a member-owned, non-profit financial institution serving electrical workers and their families. The credit union is based in Omaha, Nebraska, and operates under the philosophy that members with a common bond—employment in Local #22 or family relationship to members—can pool resources to provide affordable financial services to one another.

The credit union offers a full suite of consumer financial services including multiple checking account options, savings accounts, auto loans (including 84-month financing), and online banking with mobile deposit capabilities. Members have access to secure digital banking platforms, loan products, and savings vehicles designed to help them manage their finances and build emergency reserves. The organization maintains traditional office hours (Monday–Friday, 9 AM–5 PM, with extended hours the first Thursday of each month until 7 PM) and provides phone support at (402) 331-3121.

What distinguishes this credit union is its explicit member-ownership model where each member has one vote in annual officer elections, and all net earnings are returned to members as dividends rather than going to external shareholders. The organization emphasizes transparency by posting detailed financial statements monthly in the office. Leadership includes President Lisa M. Vance (NMLS ID: 710517), and the institution is federally chartered and NCUA-insured.

As a small, localized credit union, this institution serves a specific member base with limited geographic reach and membership eligibility restricted to Local #22 electrical workers and their families. While this creates strong community focus, it also means the product offerings and rate claims to verify are tailored to a niche membership rather than the general public. Prospective members must qualify for membership through the defined common bond.

Services & Features

Auto loans with up to 84-month financing terms
Checking accounts with multiple account options
Dividend distributions to members
Electronic funds transfer (EFT) services
Financial statements and member disclosures
Identity theft protection guidance
Loan products (specific types not fully detailed on website)
Member voting in annual officer elections
Mobile banking application
Mobile deposit functionality
Online banking platform with secure login
Savings accounts for emergency funds and personal goals

Feature Checklist

Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection

Pros & Cons

Pros

  • Member-owned non-profit structure returns all net earnings to members as dividends
  • Established 68-year history (since 1956) demonstrates stability and longevity
  • listed governance with monthly posted financial statements and one-member-one-vote elections
  • Offers 84-month auto loans for flexible vehicle financing
  • NCUA-insured accounts provide federal deposit insurance protection
  • Mobile banking and mobile deposit capabilities for convenience
  • Extended hours first Thursday of each month until 7 PM for working members
  • Federally chartered credit union with strong regulatory oversight

Cons

  • Membership restricted to Local #22 electrical workers and their families—not open to general public
  • Limited geographic presence (single office location in Omaha, Nebraska)
  • Website does not prominently display current rates or competitive rate information
  • Limited information on specific loan products, terms, and APR ranges available
  • Small institution may have fewer product features compared to larger national credit unions

State Consumer Finance Context

This is state-level context for Credit Unions consumers in Omaha, NE. It does not confirm that Electrical Workers No 22 or this specific location is licensed.

State regulator

Nebraska Department of Banking and Finance

Key state rules to check

  • Initiative 428 (2020) capped payday and similar short-term loans at 36% APR.
  • The general usury cap is 16% for most consumer loans.
  • Licensed delayed deposit services must comply with the 36% APR cap.

Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.

Frequently Asked Questions

What services does Electrical Workers No 22 offer?

Electrical Workers No 22 offers 12 services including Checking accounts with multiple account options, Savings accounts for emergency funds and personal goals, Auto loans with up to 84-month financing terms, Online banking platform with secure login, Mobile banking application, and 7 more.

What profile signals are listed for Electrical Workers No 22?

Electrical Workers No 22 has profile signals associated with Local #22 electrical workers seeking member-owned financial institution with community focus, Families of electrical workers needing affordable loans and savings products, Members prioritizing transparency and democratic control over their financial institution, Omaha-area residents who qualify for membership and prefer credit union banking model.

What are the strengths and weaknesses of Electrical Workers No 22?

Key strengths: Member-owned non-profit structure returns all net earnings to members as dividends; Established 68-year history (since 1956) demonstrates stability and longevity; listed governance with monthly posted financial statements and one-member-one-vote elections. Areas to consider: Membership restricted to Local #22 electrical workers and their families—not open to general public; Limited geographic presence (single office location in Omaha, Nebraska).

How does Electrical Workers No 22 compare to similar companies?

In the Credit Unions category, comparable providers include Centris, Cobalt, Eddyville Cooperative. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.

Quick Facts

Founded
1956
Headquarters
Omaha, NE
BBB Accredited
No
Certifications
NCUA Insured Charter #10763
Visit Electrical Workers No 22

CreditDoc Profile Note

Research Note on Electrical Workers No 22

profile signals for electrical workers in Local #22 and their immediate families who value member ownership, transparency, and personalized service over broader product selection. Primary caveat is that membership eligibility is restricted to a specific occupational group, making this institution inaccessible to the general public.

Profile Signals

  • Local #22 electrical workers seeking member-owned financial institution with community focus
  • Families of electrical workers needing affordable loans and savings products
  • Members prioritizing transparency and democratic control over their financial institution
  • Omaha-area residents who qualify for membership and prefer credit union banking model
Updated 2026-05-14

Similar Companies

Centris logo

Centris

Centris FCU is a member-owned federal credit union based in Omaha, NE, offering checking, savings, loans, and business services since 1934.

BBB: NR

Profile signals: Omaha-area residents and employees seeking a member-focused alternative to for-profit banks with lower fees and rate claims to verify, Small business owners needing comprehensive commercial banking, payroll services, and construction financing from a community-oriented lender

Cobalt logo

Cobalt

Cobalt Credit Union is a member-owned, not-for-profit financial institution offering banking and lending services to its members with NCUA insurance protection.

BBB: NR

Profile signals: Members seeking cooperative financial institution ownership and governance, Consumers prioritizing NCUA deposit insurance and member-centric operations

Eddyville Cooperative logo

Eddyville Cooperative

CUScore is a directory and comparison tool for federally insured credit unions, not a credit union itself. It provides NCUA financial data, health scores, and branch locations for 4,374 credit unions nationwide.

BBB: NR

Profile signals: Consumers researching credit union options before joining, Individuals comparing financial institutions across states

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Quick Summary

  • Electrical Workers No 22 is listed as a Credit Unions provider in Omaha, NE on CreditDoc.
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