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6502 McMahon Drive
Charlotte, NC 28226

Carolina Cooperative Credit Union is headquartered in Charlotte and is the 40th largest credit union in the state of North Carolina. It is also the 2,542nd largest credit union in the nation. It was established in 1962 and as of March of 2014, it had grown to 22 employees and 10,037 members. Carolina Cooperative Credit Union has a C+ health rating.

Field of Membership Restrictions

Must be an employee of one of Carolina Cooperative Federal Credit Union's several Select Employee Groups (SEGs). Also open to those who live, work, worship or attend school in Gaston County. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Carolina Cooperative Credit Union has a low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Carolina Cooperative Credit Union had $1.08 million in non-current loans and owned real-estate with $4.78 million in equity and loan loss allowances on hand to cover it. This gives Carolina Cooperative Credit Union a Texas Ratio of 22.66% which is 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 decreased dramatically from 40.31% as of March 31, 2013 to 22.66% as of March 31, 2014, resulting in a positive change of 43.79%.This indicates that the balance sheet and financial strength for Carolina Cooperative Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Carolina Cooperative Credit Union has decreased its total deposits by $-655,000, resulting in -1.74% 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 average.



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 $41.57 million in assets with $4.78 million in equity, resulting in a capitalization level of 11.50%, which is excellent.

Institution Statistics

NCUA #24801
Year Chartered1962
Primary Regulator
Assets and Liabilities
Assets$41.57 million
Loans$28.46 million
Deposits$36.97 million
Equity Capital$4.18 million
Loan Loss Allowance$603,000
Unbacked Noncurrent Loans$495,000
Real Estate Owned$588,000
Historic Data - March 2013
Assets$41.34 million
Equity Capital$3.86 million
Loan Loss Allowance$667,000
Unbacked Noncurrent Loans$495,000
Real Estate Owned$206,000
Profit Margin - Quarterly
Net Interest Margin1.78%
Return on Assets1.58%
Return on Equity15.71%
Interest Income$587,000

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Carolina Cooperative Credit Union Savings Account Rates

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

0.20%$250-Daily Money Market Account

Carolina Cooperative Credit Union Checking Account Rates

0.25%-$25kE-Checking Account

Carolina Cooperative Credit Union CD Rates

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

1.35%$500-60 Month IRA Certificate
1.25%$500-48 Month IRA Certificate
0.90%$500-36 Month IRA Certificate
0.75%$500-30 Month IRA Certificate
0.65%$500-24 Month IRA Certificate
0.55%$500-18 Month IRA Certificate
0.40%$500-12 Month IRA Certificate
0.25%$500-6 Month IRA Certificate

Carolina Cooperative Credit Union Locations
Branch Office2110 Crown Centre DrCharlotte, NC 28227
Branch Office2515 W Roosevelt Blvd Ste AMonroe, NC 28110
Branch Office1207 Bessemer City RdGastonia, NC 28052
Branch Office6502 McMahan DrCharlotte, NC 28226
Branch Office1439 E Franklin BlvdGastonia, NC 28054