Carolina Cooperative Federal Credit Union


Overview / Commentary
704-543-8901
6502 McMahon Drive
Charlotte, NC 28226

Carolina Cooperative Federal Credit Union is headquartered in Charlotte and is the 37th largest credit union in the state of North Carolina. It is also the 2,406th largest credit union in the nation. It was established in 1962 and as of December of 2023, it had grown to 16 employees and 10,266 members at 3 locations. Carolina Cooperative Federal Credit Union's CD rates are 5X the national average, and it has a B health rating.

Field of Membership Restrictions

Carolina Cooperative Federal Credit Union is open to all North Carolina residents through membership in the North Carolina Consumers Council. Those who live, work, worship, or attend school in the majority of Gaston County (NC) also qualify for membership. Immediate family members of current membership are welcome to apply.
See current membership details

Reviews (1)

Opening An Account

This is the worse credit union I have ever been to. It is so unfriendly . I'd put my money in a hole in the ground before I put it in this credit union.



Health
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 Cooperative Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #24801
Year Chartered1962
Employees16
Primary Regulator
Profit Margin
Return on Assets - YTD0.46%
Return on Equity - YTD3.71%
Annual Interest Income$2MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$53.2MM$56.6MM
LoansQ4 2023vs Q4 2022$41.6MM$48.2MM
DepositsQ4 2023vs Q4 2022$45.9MM$49.5MM
Equity CapitalQ4 2023vs Q4 2022$6.6MM$6.7MM
Loan Loss AllowanceQ4 2023vs Q4 2022$455K$177K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$690K$328K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Carolina Cooperative Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

Carolina Cooperative Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%--IRA Accumulation
0.15%$100-Holiday Club Account
0.15%$100-Vacation Club Savings Account
0.05%$100-Share Account

Carolina Cooperative Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$250-Daily Money Market Account

Carolina Cooperative Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%-$25kE-Checking Account

Carolina Cooperative Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.75%$500-12 Month Term Certificate
4.65%$500-18 Month Term Certificate
4.50%$500-6 Month Term Certificate
4.25%$500-24 Month Term Certificate
4.25%$500-36 Month Term Certificate
4.25%$500-48 Month Term Certificate
3.25%$500-60 Month Term Certificate

Carolina Cooperative Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.75%$500-12 Month IRA Certificate
4.65%$500-18 Month IRA Certificate
4.50%$500-6 Month IRA Certificate
4.25%$500-24 Month IRA Certificate
4.25%$500-36 Month IRA Certificate
4.25%$500-48 Month IRA Certificate
3.25%$500-60 Month IRA Certificate
Locations


Carolina Cooperative Federal Credit Union Locations
Branch Office2515 W Roosevelt Blvd Ste AMonroe, NC 28110
Branch Office1207 Bessemer City RdGastonia, NC 28052
Branch Office6502 McMahan DrCharlotte, NC 28226

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