Carolinas Telco Federal Credit Union

Carolinas Telco Federal Credit Union Locations

2821 Crisman St
Charlotte, NC 28208
704-391-5600
www.ctelco.org

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Carolinas Telco Federal Credit Union is headquartered in CHARLOTTE and is the 10^st largest credit union in the state of North Carolina. It is also the 530^th largest credit union in the nation. It was established in 1979 and as of September of 2011, it had grown to 80 employees and 34,590 members. Carolinas Telco Federal Credit Union's savings rates are 37% higher than the national average, and it boasts a 5-star health rating.

4.01% Reward Checking Account at Carolinas Telco FCU - 12/29/2008

Update 7/04/09: The top rate has fallen to 4.01% APY.Carolinas Telco FCU is offering a reward checking account that pays 4.01% APY on balances up to $25,000 (0.50% for above) and refunds up to $25 per month in ATM fees if the following monthly...

5.27% 15-Month CD at a Carolina CU (Carolina Telco). - 1/18/2008

Carolina Telco Federal Credit Union continues to list a special 15 and 10 month share certificate. The rates have fallen some since my last report in December, but the rates are still very competitive. The current yields for the 15 and 10 month...

5.43% 15-Month CD at a Carolina CU Continues (Carolina Telco). - 12/20/2007

Update 1/18/08: The rates have fallen. Please check with the credit union's website for the latest rates.Carolina Telco Federal Credit Union continues listing a special 5.43% APY 15-month share certificate. The minimum deposit is $25,000. There's also a...

5.43% 15-Month CD at a Carolina CU (Carolina Telco) - 10/22/2007

Carolina Telco Federal Credit Union is offering a special 5.43% APY 15-month share certificate. The minimum deposit is $25,000. There's also a special 5.38% APY 10-month certificate with a $10,000 minimum deposit. the credit union also has some very...

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See Rates for: Checking | Savings | CD | IRA

Carolinas Telco Federal Credit Union Checking Account Rates

Apy	Min	Max	Product
1.51%	-	$25k	Rewards Checking
0.25%	-	-	Share Draft

Carolinas Telco Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.71%	-	-	Health Savings Account
0.60%	$50	-	IRA Savings Account
0.60%	$50	-	Roth IRA Savings
0.60%	$50	-	Educational IRA Savings
0.50%	$25	-	Prime Share Savings
0.50%	$200	-	Christmas Club

Carolinas Telco Federal Credit Union CD Rates

Apy	Min	Max	Product
1.51%	$500	-	48 Month Term Share Certificate
1.26%	$500	-	36 Month Term Share Certificate
1.00%	$500	-	24 Month Term Share Certificate
0.60%	$500	-	12 Month Term Share Certificate
0.50%	$500	-	6 Month Term Share Certificate

Carolinas Telco Federal Credit Union IRA Rates

Apy	Min	Max	Product
1.56%	$500	-	48 Month Term IRA Certificate
1.56%	$500	-	48 Month Term Roth IRA Certificate
1.56%	$500	-	48 Month Term Educational IRA Certificate
1.31%	$500	-	36 Month Term IRA Certificate
1.31%	$500	-	36 Month Term Roth IRA Certificate
1.31%	$500	-	36 Month Term Educational IRA Certificate
1.10%	$500	-	24 Month Term IRA Certificate
1.10%	$500	-	24 Month Term Roth IRA Certificate
1.10%	$500	-	24 Month Term Educational IRA Certificate
0.71%	$500	-	12 Month Term IRA Certificate
0.71%	$500	-	12 Month Term Roth IRA Certificate
0.71%	$500	-	12 Month Term Educational IRA Certificate
0.60%	$500	-	6 Month Term IRA Certificate
0.60%	$500	-	6 Month Term Roth IRA Certificate
0.60%	$500	-	6 Month Term Educational IRA Certificate

Rates updated: 2/9/2012

Data for Q3 2011

Institution Statistics

CAROLINAS TELCO
NCUA #	23494
BankRate Report	View
Year Established	1979
Employees	80
Primary Regulator
Assets and Liabilities
Assets	$358.73 million
Loans	$181.23 million
Deposits	$303.45 million
Equity Capital	$54.17 million
Loan Loss Allowance	$1.76 million
Unbacked Noncurrent Loans	$2.07 million
Real Estate Owned	$28,000
Historic Data - September 2010
Assets	$346.45 million
Equity Capital	$51.90 million
Loan Loss Allowance	$1.49 million
Unbacked Noncurrent Loans	$2.08 million
Real Estate Owned	$27,000
Profit Margin - Quarterly
Net Interest Margin	3.8%
Return on Assets	0.42%
Return on Equity	2.75%
Interest Income	$10.38 million
Non-Interest Income	$2.76 million

Institution Health

Overall Score:

5 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 September 30, 2011 Carolinas Telco Federal Credit Union had $2.1 million in non-current loans and owned real-estate with $55.94 million in equity and loan loss allowances on hand to cover it. This gives Carolinas Telco Federal Credit Union a Texas Ratio of 3.75% 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 held steady from 3.94% as of September 30, 2010 to 3.75% as of September 30, 2011, resulting in a positive change of 4.73%.This indicates that the balance sheet and financial strength for Carolinas Telco Federal Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Carolinas Telco Federal Credit Union has increased its total deposits by $9.57 million, resulting in 3.26% 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.
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. Carolinas Telco Federal Credit Union has $358.73 million in assets with $55.94 million in equity, resulting in a capitalization level of 15.59%, which is excellent.