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Carolina Collegiate Federal Credit Union

Popular Accounts at this Credit Union

1.10%5-year CD5 Year 1 Step Up Share Certificate
0.20%1-year CD12 Month Share Certificate
0.05%SavingsInvestment Plus Savings Account

Overview / Commentary
4480 Rosewood Dr
Columbia, SC 29209-2629

Carolina Collegiate Federal Credit Union is headquartered in Columbia and is the 23rd largest credit union in the state of South Carolina. It is also the 1,698th largest credit union in the nation. It was established in 1967 and as of June of 2017, it had grown to 20 employees and 8,810 members at 3 locations. Carolina Collegiate Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to faculty, staff and students of the University of South Carolina, its regional campuses, and other select colleges and collegiate organizations in South Carolina.
See current membership details

Reviews (2)

Good, not great, Credit Union

I've banked with Carolina Collegiate for at least 18 years now. I'm considering making a change. It seems like every year their fees go up or they add a new weird fee. For instance, for years we would occasionally count on overdrafts from our checking account to come from our savings account. In the last few years, CCU has started charging fees for each transfer. I know I move money over to checking easily enough through the internet, but this is just an example of the nickel and diming that CCU now practices. They've closed one of their two locations, and the crew at the remaining location has turned over recently. New tellers who are not well trained yet. We've got some accounts at Palmetto Citizens, and we've been pleased with their service. It's just such a pain to transfer all our online payments. Grr.

Nice credit union

Carolina Collegiate Federal Credit Union is a typical local credit union in my opinion. I've banked with several credit unions over the years and this one is reasonably good but because of its size it doesn't offer all the services that a larger one would. They also don't pay very much in terms of interest. I've never had a loan with this institution but I've got several savings accounts and have for nearly twenty years. The customer service at the branch I use is very good. I get taken care of very well there and have for many years. However, the customer service at the main branch leaves a lot to be desired. I tried to contact them for help at one point and a week later I was still waiting. The major shortcoming is the lack of services though. What you can do online is limited, as is what you can do over the phone. All in all though, it's a reliable place to do business.

Additional 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. Carolina Collegiate Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #24404
Year Chartered1967
Primary Regulator
Profit Margin
Return on Assets - YTD0.21%
Return on Equity - YTD1.56%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$90.7MM$88.4MM
LoansQ2 2017vs Q2 2016$57.0MM$51.5MM
DepositsQ2 2017vs Q2 2016$78.2MM$76.1MM
Equity CapitalQ2 2017vs Q2 2016$12.2MM$11.7MM
Loan Loss AllowanceQ2 2017vs Q2 2016$487.00K$503.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$367.00K$475.00K
Real Estate OwnedQ2 2017vs Q2 2016$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Carolina Collegiate Federal Credit Union Savings Account Rates

0.10%$500-IRA Share Account
0.10%$500-Roth IRA Share Account
0.05%$200-Savings Account
0.05%$500-Investment Plus Savings Account
0.05%--Scholars Dollars Savings Account

Carolina Collegiate Federal Credit Union Money Market Rates

0.05%$5k-Money Market Account

Carolina Collegiate Federal Credit Union Checking Account Rates

0.03%$500-Benefits Plus Checking Account

Carolina Collegiate Federal Credit Union CD Rates

1.10%$500-5 Year 1 Step Up Share Certificate
1.00%$500-4 Year 1 Step Up Share Certificate
0.50%$500-30 Month Share Certificate
0.40%$500-24 Month Share Certificate
0.25%$500-18 Month Share Certificate
0.20%$500-12 Month Share Certificate
0.20%$100-12 Month Scholars Dollars Share Certificate
0.10%$1k-3 Month Share Certificate
0.10%$1k-6 Month Share Certificate

Carolina Collegiate Federal Credit Union IRA Rates

0.50%$500-30 Month IRA Share Certificate
0.40%$500-24 Month IRA Share Certificate
0.25%$500-18 Month IRA Share Certificate

Carolina Collegiate Federal Credit Union Locations
Branch Office4480 Rosewood DrColumbia, SC 29209
Branch Office710 Pulaski StColumbia, SC 29201-3633
Branch Office800 University Way Third Floor AdministrationSpartanburg, SC 29303