Carolinas Telco FCU

2821 Crisman Street
Charlotte, NC 28208
800.622.5305
www.ctelco.org
 

Related Blog 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

Checking Accounts

ApyMinMaxProduct
4.01%-$25kRewards Checking
0.25%--Share Draft

Savings Accounts

ApyMinMaxProduct
0.71%--Health Savings Account
0.50%$25-Prime Share Savings
0.50%$200-Christmas Club

Certificates of Deposit

ApyMinMaxProduct
2.38%$500-46 Month Term Share Step Up CD
2.32%$500-4 Year Term Share CD
2.12%$500-34 Month Term Share Step Up CD
2.07%$500-3 Year Term Share CD
1.66%$500-22 Month Term Share Step Up CD
1.61%$500-2 Year Term Share CD
1.31%$500-1 Year Term Share CD
1.11%$500-6 Month Term Share CD

IRA Accounts

ApyMinMaxProduct
2.63%$500-46 Month Term Share Step Up IRA
2.63%$500-46 Month Term Share Step Up Roth IRA
2.63%$500-46 Month Term Share Step Up CESA
2.58%$500-4 Year Term Share IRA
2.58%$500-4 Year Term Share Roth IRA
2.58%$500-4 Year Term Share CESA
2.38%$500-34 Month Term Share Step Up IRA
2.38%$500-34 Month Term Share Step Up Roth IRA
2.38%$500-34 Month Term Share Step Up CESA
2.32%$500-3 Year Term Share IRA
2.32%$500-3 Year Term Share Roth IRA
2.32%$500-3 Year Term Share CESA
1.92%$500-22 Month Term Share Step Up IRA
1.92%$500-22 Month Term Share Step Up Roth IRA
1.92%$500-22 Month Term Share Step Up CESA
1.87%$500-2 Year Term Share IRA
1.87%$500-2 Year Term Share Roth IRA
1.87%$500-2 Year Term Share CESA
1.56%$500-1 Year Term Share IRA
1.56%$500-1 Year Term Share Roth IRA
1.56%$500-1 Year Term Share CESA
1.36%$500-6 Month Term Share IRA
1.36%$500-6 Month Term Share Roth IRA
1.36%$500-6 Month Term Share CESA
0.71%$50-IRA Savings
0.71%$50-Roth IRA Savings
0.71%$50-CESA Savings

Institution Statistics


NCUA #23494
BankRate ReportView
Year Established1979
Employees88
Primary Regulator

Assets and Liabilities

Assets$347.69 million
Loans$175.42 million
Deposits$296.49 million
Equity Capital$51.25 million
Loan Loss Allowance$1.56 million
Unbacked Noncurrent Loans$2.08 million
Real Estate Owned$26,000

Historic Data - March 2009

Assets$341.75 million
Equity Capital$53.33 million
Loan Loss Allowance$1.17 million
Unbacked Noncurrent Loans$1.56 million

Profit Margin - Quarterly

Net Interest Margin1.27%
Return on Assets1.19%
Return on Equity8.06%
Interest Income$3.35 million
Non-Interest Income$775,000

Institution Health


Overall Score:
4 out of 5
4
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 March 1, 2010 Carolinas Telco FCU had $2.1 million in non-current loans and owned real-estate with $52.81 million in equity and loan loss allowances on hand to cover it. This gives Carolinas Telco FCU a Texas Ratio of 3.98% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Carolinas Telco FCU increased slightly from 2.87% as of March 1, 2009 to 3.98% as of March 1, 2010, resulting in a negative change of 38.78%. This indicates that the balance sheet and financial strength for Carolinas Telco FCU has declined slightly in recent periods.
Deposit Growth3
In the past year, Carolinas Telco FCU has increased it's total deposits by $6.42 million, resulting in 2.21% 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 FCU has shown is average.
Capitalization4
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 FCU has $347.69 million in assets with $52.81 million in equity, resulting in a capitalization level of 15.19%, which is above average.
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