Carolina Cooperative Federal Credit Union

Overview / Commentary
6502 McMahon Drive
Charlotte, NC 28226

Carolina Cooperative Federal Credit Union is headquartered in Charlotte and is the 39th largest credit union in the state of North Carolina. It is also the 2,393rd largest credit union in the nation. It was established in 1962 and as of September of 2022, it had grown to 15 employees and 10,245 members at 3 locations. Carolina Cooperative Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee of one of Carolina Cooperative Federal Credit Union's several Select Employee Groups (SEGs). Also open to those who live, work, worship or attend school in Gaston County.
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.

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

NCUA #24801
Year Chartered1962
Primary Regulator
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD4.96%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$57.5MM$52.9MM
LoansQ3 2022vs Q3 2021$50.5MM$40.5MM
DepositsQ3 2022vs Q3 2021$50.3MM$46.3MM
Equity CapitalQ3 2022vs Q3 2021$6.6MM$6.3MM
Loan Loss AllowanceQ3 2022vs Q3 2021$184.00K$140.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$297.00K$235.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$0

Rates for Carolina Cooperative Federal Credit Union are currently being reviewed.


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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