About Us


The Ely Cooperative Credit Union, now known as the Ely Area Credit Union, was organized in 1938 to serve the financial needs of the members of the Ely Coop Association and their families. Then in 1976, the state of Minnesota granted us a community charter to serve all those who live or work in the Ely school district. With this change also came a name change to what we know today as the Ely Area Credit Union. Through the years, we have had several locations, all of which were on East Chapman Street. In 2000, we moved into our beautiful new facility at 2 East Chapman Street. Our most recent change came in 2016, when we merged in the Babbitt Steelworkers Credit Union.  Though we have been through name changes and location changes and all sorts of other changes, our focus has always remained the same. The Ely Area Credit Union is dedicated to providing quality, affordable financial services to its membership. We are here to help you achieve your financial goals.


Hours and Location

Location:  ELY OFFICE

2 E Chapman St

Ely, MN 55731

Lobby and Drivethru Hours:

M-T 8:30AM – 5:00PM

F 8:30AM – 5:30PM



24 Commerce Rd

Babbitt, MN 55706

Lobby and Drivethru Hours:

M-T 8:00AM – 4:30PM

F 8:00AM – 5:00PM


Contact Us

Phone: ELY 218-365-3131

BABBITT 218-827-3121

Fax: ELY 218-365-3045

BABBITT 218-827-3124

24 Hour Telephone Banking:

  • Local: 218-365-8629
  • Outside of Ely: 1-877-365-1292



This Web site is provided by Ely Area Credit Union to furnish our members with information about credit union programs and services. All information presented is believed to be accurate, however, accuracy cannot be guaranteed. This Web site is not intended to render accounting, tax, legal, or other professional advice or services.