Carolina Cooperative Credit Union

Carolina Cooperative Credit Union Locations

6502 McMahon Drive
Charlotte, NC 28226
(704) 543-8901
www.carolinacu.com

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Carolina Cooperative Credit Union is headquartered in Charlotte and is the 40^th largest credit union in the state of North Carolina. It is also the 2,501^st largest credit union in the nation. It was established in 1962 and as of December of 2012, it had grown to 24 employees and 9,531 members. Carolina Cooperative Credit Union has a 3-star health rating.

High-Interest Checking Account at Carolina Cooperative Federal Credit Union - Local Only - 5/17/2011

Carolina Cooperative Federal Credit Union is offering an account called E-Checking that looks a lot like a reward checking account, but it lacks the debit card usage requirements. The account has a 1. ...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Carolina Cooperative Credit Union Checking Account Rates

	Apy	Min	Max	Product
	1.00%	-	$25k	E-Checking Account

Carolina Cooperative Credit Union Savings Account Rates

Apy	Min	Max	Product
0.35%	-	-	IRA Accumulation
0.35%	-	-	Roth IRA Accumulation
0.35%	-	-	Education IRA Accumulation
0.30%	$100	-	Holiday Club
0.30%	$100	-	Vacation Club Savings
0.15%	$100	-	Share Account

Carolina Cooperative Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.20%	$250	-	Daily Money Market Account

Carolina Cooperative Credit Union CD Rates

Apy	Min	Max	Product
1.35%	$500	-	60 Month Term Certificate
1.25%	$500	-	48 Month Term Certificate
0.90%	$500	-	36 Month Term Certificate
0.75%	$500	-	30 Month Term Certificate
0.65%	$500	-	24 Month Term Certificate
0.55%	$500	-	18 Month Term Certificate
0.40%	$500	-	12 Month Term Certificate
0.25%	$500	-	6 Month Term Certificate

Carolina Cooperative Credit Union IRA Rates

Apy	Min	Max	Product
1.35%	$500	-	60 Month IRA Certificate
1.35%	$500	-	60 Month Roth IRA Certificate
1.35%	$500	-	60 Month Education IRA
1.25%	$500	-	48 Month IRA Certificate
1.25%	$500	-	48 Month Roth IRA Certificate
1.25%	$500	-	48 Month Education IRA Certificate
0.90%	$500	-	36 Month IRA Certificate
0.90%	$500	-	36 Month Roth IRA Certificate
0.90%	$500	-	36 Month Education IRA Certificate
0.75%	$500	-	30 Month IRA Certificate
0.75%	$500	-	30 Month Roth IRA Certificate
0.75%	$500	-	30 Month Education IRA Certificate
0.65%	$500	-	24 Month IRA Certificate
0.65%	$500	-	24 Month Roth IRA Certificate
0.65%	$500	-	24 Month Education IRA Certificate
0.55%	$500	-	18 Month IRA Certificate
0.55%	$500	-	18 Month Roth IRA Certificate
0.55%	$500	-	18 Month Education IRA Certificate
0.40%	$500	-	12 Month IRA Certificate
0.40%	$500	-	12 Month Roth IRA Certificate
0.40%	$500	-	12 Month Education IRA Certificate
0.25%	$500	-	6 Month IRA Certificate
0.25%	$500	-	6 Month Roth IRA Certificate
0.25%	$500	-	6 Month Education IRA Certificate

Rates updated: 5/24/2013

Data for Q4 2012

Institution Statistics

CAROLINA COOPERATIVE
NCUA #	24801
BankRate Report	View
Year Chartered	1962
Employees	24
Primary Regulator
Assets and Liabilities
Assets	$41.66 million
Loans	$27.57 million
Deposits	$37.13 million
Equity Capital	$4.23 million
Loan Loss Allowance	$378,000
Unbacked Noncurrent Loans	$1.94 million
Real Estate Owned	$204,000
Historic Data - December 2011
Assets	$41.54 million
Equity Capital	$3.82 million
Loan Loss Allowance	$253,000
Unbacked Noncurrent Loans	$2.22 million
Profit Margin - Quarterly
Net Interest Margin	6.01%
Return on Assets	0.86%
Return on Equity	8.48%
Interest Income	$2.21 million
Non-Interest Income	$1.11 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Carolina Cooperative Credit Union had $2.14 million in non-current loans and owned real-estate with $4.61 million in equity and loan loss allowances on hand to cover it. This gives Carolina Cooperative Credit Union a Texas Ratio of 46.53% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Carolina Cooperative Credit Union held steady from 54.42% as of December 31, 2011 to 46.53% as of December 31, 2012, resulting in a positive change of 14.50%.This indicates that the balance sheet and financial strength for Carolina Cooperative Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Carolina Cooperative Credit Union has decreased its total deposits by $-408,000, resulting in -1.09% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Carolina Cooperative Credit Union has shown is below average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Carolina Cooperative Credit Union has $41.66 million in assets with $4.61 million in equity, resulting in a capitalization level of 11.07%, which is above average.