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2821 Crisman St
Charlotte, NC 28208

Carolinas Telco Federal Credit Union is headquartered in Charlotte and is the 9th largest credit union in the state of North Carolina. It is also the 536th largest credit union in the nation. It was established in 1979 and as of March of 2014, it had grown to 79 employees and 33,741 members. Carolinas Telco Federal Credit Union's savings rates are 37% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Membership is open to employees, independent contractors, or self-employed persons, who work regularly in the Telecommunications Services Industry in North Carolina or South Carolina. Membership requires a $1 fee and a minimum $25 deposit into your Prime Share Savings Account. Members are able to sponsor others to join Carolinas Telco. Immediate family, household members and roommates are eligible. This immediate-family invitation includes spouses, children, grandchildren, parents, grandparents, brothers and sisters. - See Details

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Reviews (1)

A Fabulous Bank

This a wonderful credit union with exceptional customer care. I wouldn't switch for anything in the world.


Data for Q1 2014

Institution Health


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 Carolinas Telco Federal Credit Union had $1.28 million in non-current loans and owned real-estate with $58.39 million in equity and loan loss allowances on hand to cover it. This gives Carolinas Telco Federal Credit Union a Texas Ratio of 2.20% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Carolinas Telco Federal Credit Union decreased slightly from 2.75% as of March 31, 2013 to 2.20% as of March 31, 2014, resulting in a positive change of 20.18%.This indicates that the balance sheet and financial strength for Carolinas Telco Federal Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Carolinas Telco Federal Credit Union has increased its total deposits by $7.01 million, resulting in 2.2% 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 Carolinas Telco Federal Credit Union has shown is above 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. Carolinas Telco Federal Credit Union has $408.81 million in assets with $58.39 million in equity, resulting in a capitalization level of 14.28%, which is excellent.

Institution Statistics

NCUA #23494
Year Chartered1979
Primary Regulator
Assets and Liabilities
Assets$408.81 million
Loans$162.77 million
Deposits$326.12 million
Equity Capital$56.58 million
Loan Loss Allowance$1.81 million
Unbacked Noncurrent Loans$1.21 million
Real Estate Owned$68,000
Historic Data - March 2013
Assets$374.60 million
Equity Capital$55.16 million
Loan Loss Allowance$2.10 million
Unbacked Noncurrent Loans$1.21 million
Real Estate Owned$101,000
Profit Margin - Quarterly
Return on Assets0.81%
Return on Equity5.87%
Interest Income$2.97 million
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Carolinas Telco Federal Credit Union Savings Account Rates

0.71%--Health Savings Account
0.45%$50-IRA Savings Account
0.45%$50-Roth IRA Savings
0.45%$50-Educational IRA Savings
0.35%$25-Prime Share Savings
0.35%$200-Christmas Club
0.35%--Special Share Savings

Carolinas Telco Federal Credit Union Checking Account Rates

1.51%-$15kRewards Checking - Qualifying
0.10%--Share Draft
0.10%--Rewards Checking - Non Qualifying

Carolinas Telco Federal Credit Union CD Rates

1.11%$500-48 Month Term Share Certificate
0.95%$500-36 Month Term Share Certificate
0.70%$500-24 Month Term Share Certificate
0.55%$500-12 Month Term Share Certificate
0.45%$500-6 Month Term Share Certificate

Carolinas Telco Federal Credit Union IRA Rates

1.13%$500-48 Month Term IRA Certificate
0.97%$500-36 Month Term IRA Certificate
0.72%$500-24 Month Term IRA Certificate
0.57%$500-12 Month Term IRA Certificate
0.47%$500-6 Month Term IRA Certificate

Carolinas Telco Federal Credit Union has 11 locations. Click to view all Carolinas Telco Federal Credit Union locations.