Carter Federal Credit Union

Carter Federal Credit Union Locations
133 S Main St
Springhill, LA 71075
318-539-4655
www.carterfcu.org

NCUA


Carter Federal Credit Union is headquartered in Springhill and is the 12st largest credit union in the state of Louisiana. It is also the 875th largest credit union in the nation. It was established in 1954 and as of March of 2013, it had grown to 67 employees and 29,891 members. Carter Federal Credit Union's savings rates are 4X the national average, and it has a 4-star health rating.

Related Posts

Effective 2/2010 The "New" Carter Federal Credit Union Rates Are 3 (Forum) - 1/1/2010

Effective 2/2010 the "New" Carter Federal Credit Union Rates are 3.21% apy for up to $10,000 and .7% apy for above $10,000.  Good bye Carter, if was fun while it lasted, but I am closing both of my Reward Checking accounts and moving on.

5.01% Reward Checking Account at Carter FCU in LA & AR - Local Only - 9/14/2009

Carter FCU is offering a reward checking account called My Carter Rewards Checking. It has the following rates and features if certain monthly requirements are met:5.01% APY on balances up to $30,0001.01% APY on portion of balances above $30,0000.11%...



See Rates for: Checking | Savings | Money Market | CD | IRA

Carter Federal Credit Union Checking Account Rates

ApyMinMaxProduct
2.50%-$10kMy Carter Rewards Checking
0.35%$5k-GOLD Checking

Carter Federal Credit Union Savings Account Rates

ApyMinMaxProduct
2.02%$500-Health Savings
0.50%--Young Savers
0.50%--IRA Savings
0.50%--CESA Savings
0.50%--Roth IRA Savings
0.25%--Regular Savings

Carter Federal Credit Union Money Market Rates

ApyMinMaxProduct
0.45%$10k-Money Max

Carter Federal Credit Union CD Rates

ApyMinMaxProduct
1.87%$1k-60 Month Basic with Relationship Share Certificate
1.76%$1k-60 Month Basic Share Certificate
1.61%$1k-48 Month Basic with Relationship Share Certificate
1.51%$1k-48 Month Basic Share Certificate
1.36%$1k-36 Month Basic with Relationship Share Certificate
1.26%$1k-36 Month Basic Share Certificate
1.01%$1k-24 Month Basic Share Certificate
0.70%$1k-12 Month Basic Share Certificate
0.60%$1k-6 Month Basic Share Certificate

Carter Federal Credit Union IRA Rates

ApyMinMaxProduct
1.87%$1k-60 Month Basic with Relationship IRA Certificate
1.87%$1k-60 Month Basic with Relationship CESA Certificate
1.87%$1k-60 Month Basic with Relationship Roth IRA Certificate
1.76%$1k-60 Month Basic IRA Certificate
1.76%$1k-60 Month Basic CESA Certificate
1.76%$1k-60 Month Basic Roth IRA Certificate
1.61%$1k-48 Month Basic with Relationship IRA Certificate
1.61%$1k-48 Month Basic with Relationship CESA Certificate
1.61%$1k-48 Month Basic with Relationship Roth IRA Certificate
1.51%$1k-48 Month Basic IRA Certificate
1.51%$1k-48 Month Basic CESA Certificate
1.51%$1k-48 Month Basic Roth IRA Certificate
1.36%$1k-36 Month Basic with Relationship IRA Certificate
1.36%$1k-36 Month Basic with Relationship CESA Certificate
1.36%$1k-36 Month Basic with Relationship Roth IRA Certificate
1.26%$1k-36 Month Basic IRA Certificate
1.26%$1k-36 Month Basic CESA Certificate
1.26%$1k-36 Month Basic Roth IRA Certificate
1.01%$1k-24 Month Basic IRA Certificate
1.01%$1k-24 Month Basic CESA Certificate
1.01%$1k-24 Month Basic Roth IRA Certificate
0.70%$1k-12 Month Basic IRA Certificate
0.70%$1k-12 Month Basic CESA Certificate
0.70%$1k-12 Month Basic Roth IRA Certificate
0.60%$1k-6 Month Basic IRA Certificate
0.60%$1k-6 Month Basic CESA Certificate
0.60%$1k-6 Month Basic Roth IRA Certificate

Rates updated: 6/18/2013 * Not all products updated

Data for Q1 2013


Institution Statistics


CARTER
NCUA #9164
BankRate ReportView
Year Chartered1954
Employees67
Primary Regulator

Assets and Liabilities

Assets$212.11 million
Loans$165.37 million
Deposits$186.48 million
Equity Capital$14.92 million
Secondary Capital$3.80 million
Loan Loss Allowance$788,000
Unbacked Noncurrent Loans$1.29 million
Real Estate Owned$88,000

Historic Data - March 2012

Assets$207.65 million
Equity Capital$14.36 million
Loan Loss Allowance$881,000
Unbacked Noncurrent Loans$1.32 million
Real Estate Owned$246,000

Profit Margin - Quarterly

Net Interest Margin1.1%
Return on Assets0.3%
Return on Equity4.26%
Interest Income$2.32 million
Non-Interest Income$1.00 million

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 31, 2013 Carter Federal Credit Union had $1.38 million in non-current loans and owned real-estate with $19.51 million in equity and loan loss allowances on hand to cover it. This gives Carter Federal Credit Union a Texas Ratio of 7.06% 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 Carter Federal Credit Union decreased slightly from 10.27% as of March 31, 2012 to 7.06% as of March 31, 2013, resulting in a positive change of 31.27%.This indicates that the balance sheet and financial strength for Carter Federal Credit Union has improved slightly in recent periods.
Deposit Growth4
In the past year, Carter Federal Credit Union has increased its total deposits by $2.65 million, resulting in 1.44% 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 Carter Federal Credit Union has shown is above average.
Capitalization2
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. Carter Federal Credit Union has $212.1 million in assets with $15.71 million in equity, resulting in a capitalization level of 7.41%, which is below average.
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