Overview / Commentary
Blue Flame Credit Union is headquartered in Charlotte and is the 44th largest credit union in the state of North Carolina. It is also the 2,915th largest credit union in the nation. It was established in 1954 and as of March of 2025, it had grown to 7 employees and 2,929 members at 1 location. Blue Flame Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Blue Flame Credit Union is open to those who live, work, worship, or attend school in Mecklenburg County, North Carolina. Employees of Duke Energy, Piedmont Natural Gas, or Heritage Propane/Amerigas also qualify for membership. Immediate family members of a current Blue Flame Credit Union member are also eligible to join.
See current membership details
Health
B+
Data as of Q1 2025
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Blue Flame Credit Union has a low asset base, and a negative return on assets.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 63519 |
| Year Chartered | 1954 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -2.18% |
| Return on Equity - YTD | -16.42% |
| Annual Interest Income | $329K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $29.6MM$29.3MM |
| Loans | Q1 2025vs Q1 2024 | $21.8MM$19.4MM |
| Deposits | Q1 2025vs Q1 2024 | $25.3MM$24.4MM |
| Equity Capital | Q1 2025vs Q1 2024 | $3.9MM$4.4MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $242K$245K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $56K$56K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |