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Overview / Commentary
318-539-4655
P.O. Box 814
Springhill, LA 71075

Carter Federal Credit Union is headquartered in Springhill and is the 11st largest credit union in the state of Louisiana. It is also the 832nd largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 73 employees and 30,262 members. Carter Federal Credit Union's savings rates are 4X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school, or are a business or other legal entity in Caddo, Bossier, Webster, Bienville, Claiborne, DeSoto or Red River Parishes, all in Louisiana, plus Columbia or Lafayette Counties, both in Arkansas. - See Details

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

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, 2013 Carter Federal Credit Union had $1.85 million in non-current loans and owned real-estate with $20.12 million in equity and loan loss allowances on hand to cover it. This gives Carter Federal Credit Union a Texas Ratio of 9.18% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Carter Federal Credit Union experienced no significant changes from 9.99% as of December 31, 2012 to 9.18% as of December 31, 2013, resulting in a positive change of 8.16%.This indicates that the balance sheet and financial strength for Carter Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Carter Federal Credit Union has increased its total deposits by $6.29 million, resulting in 3.53% 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 excellent.

Capitalization

GRADE:
C-

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 $229.55 million in assets with $16.32 million in equity, resulting in a capitalization level of 7.11%, which is below average.

Institution Statistics

Overall
NCUA #9164
Year Chartered1954
Employees73
Primary Regulator
Assets and Liabilities
Assets$229.55 million
Loans$177.98 million
Deposits$184.79 million
Equity Capital$15.36 million
Secondary Capital$3.80 million
Loan Loss Allowance$960,000
Unbacked Noncurrent Loans$1.76 million
Real Estate Owned$88,000
Historic Data - December 2012
Assets$212.76 million
Equity Capital$14.76 million
Loan Loss Allowance$821,000
Unbacked Noncurrent Loans$1.76 million
Real Estate Owned$113,000
Profit Margin - Quarterly
Net Interest Margin4.18%
Return on Assets0.26%
Return on Equity3.88%
Interest Income$9.57 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Carter Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Carter Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
0.45%$10k-Money Max

Carter Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.50%-$10kMy Carter Rewards Checking
0.35%$5k-GOLD Checking
0.11%--My Carter Rewards Checking

Carter Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.10%$1k-60 Month Basic with Relationship Share Certificate
2.00%$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

DetailsAPYMINMAXPRODUCT
2.10%$1k-60 Month Basic with Relationship IRA Certificate (Traditional,CESA,Roth)
2.00%$1k-60 Month Basic IRA Certificate (Traditional,CESA,Roth)
1.61%$1k-48 Month Basic with Relationship IRA Certificate (Traditional,CESA,Roth)
1.51%$1k-48 Month Basic IRA Certificate (Traditional,CESA,Roth)
1.36%$1k-36 Month Basic with Relationship IRA Certificate (Traditional,CESA,Roth)
1.26%$1k-36 Month Basic IRA Certificate (Traditional,CESA,Roth)
1.01%$1k-24 Month Basic IRA Certificate (Traditional,CESA,Roth)
0.70%$1k-12 Month Basic IRA Certificate (Traditional,CESA,Roth)
0.60%$1k-6 Month Basic IRA Certificate (Traditional,CESA,Roth)
Locations


Carter Federal Credit Union Locations
Branch Office6889 Bert Kouns Ind LoopShreveport, LA 71129
Branch Office7288 Highway 509Mansfield, LA 71052
Branch Office45 Highway 79 NMagnolia, AR 71753-3244
Branch Office918 Homer RdMinden, LA 71055
Branch Office6885 Bert Kouns Ind LoopShreveport, LA 71129
Branch Office24448 Highway 371Sarepta, LA 71071
Branch Office6652 Youree DrShreveport, LA 71105
Branch Office133 S Main StSpringhill, LA 71075
Branch Office100 W Church StSpringhill, LA 71075
Branch Office1125 Highway 80Haughton, LA 71037-9430