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5 star rating based on 1 review.

Carolinas Telco Federal Credit Union

Carolinas Telco Federal Credit Union Locations
2821 Crisman St
Charlotte, NC 28208
704-391-5600
www.ctelco.org

NCUA

Carolinas Telco Federal Credit Union is headquartered in Charlotte and is the 10st largest credit union in the state of North Carolina. It is also the 557th largest credit union in the nation. It was established in 1979 and as of December of 2012, it had grown to 78 employees and 33,783 members. Carolinas Telco Federal Credit Union's savings rates are 37% higher than the national average, and it boasts a 5-star health rating.

Related Posts

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

ApyMinMaxProduct
1.51%-$15kRewards Checking
0.10%--Share Draft

Carolinas Telco Federal Credit Union Savings Account Rates

ApyMinMaxProduct
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 CD Rates

ApyMinMaxProduct
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

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

Rates updated: 5/20/2013

Data for Q4 2012


Institution Statistics


CAROLINAS TELCO
NCUA #23494
BankRate ReportView
Year Chartered1979
Employees78
Primary Regulator

Assets and Liabilities

Assets$366.61 million
Loans$174.83 million
Deposits$309.77 million
Equity Capital$55.04 million
Loan Loss Allowance$2.17 million
Unbacked Noncurrent Loans$1.95 million
Real Estate Owned$36,000

Historic Data - December 2011

Assets$354.28 million
Equity Capital$53.13 million
Loan Loss Allowance$1.82 million
Unbacked Noncurrent Loans$2.40 million
Real Estate Owned$183,000

Profit Margin - Quarterly

Net Interest Margin5.01%
Return on Assets0.48%
Return on Equity3.18%
Interest Income$12.69 million
Non-Interest Income$3.73 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 Carolinas Telco Federal Credit Union had $1.99 million in non-current loans and owned real-estate with $57.21 million in equity and loan loss allowances on hand to cover it. This gives Carolinas Telco Federal Credit Union a Texas Ratio of 3.47% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Carolinas Telco Federal Credit Union decreased slightly from 4.70% as of December 31, 2011 to 3.47% as of December 31, 2012, resulting in a positive change of 26.02%.This indicates that the balance sheet and financial strength for Carolinas Telco Federal Credit Union has improved slightly in recent periods.
Deposit Growth4
In the past year, Carolinas Telco Federal Credit Union has increased its total deposits by $8.85 million, resulting in 2.94% 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.
Capitalization5
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 $366.61 million in assets with $57.21 million in equity, resulting in a capitalization level of 15.60%, which is excellent.
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A Fabulous Bank
5 stars - meleco - Monday, August 20, 2012 - 9:35 AM

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

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