Carolina Federal Credit Union

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

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Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

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Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.carolinafcu.org

704-435-0186

1200 E Church Street
Cherryville, NC 28021

Carolina Federal Credit Union is headquartered in Cherryville and is the 29^th largest credit union in the state of North Carolina. It is also the 1,987^th largest credit union in the nation. It was established in 1969 and as of March of 2025, it had grown to 16 employees and 7,242 members at 1 location. Carolina Federal Credit Union's money market rates are 6X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Carolina 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 North Carolina counties Cleveland or Gaston qualify for membership, as do their immediate family members. Employees/retirees of several sponsor groups/associations are also welcome to join.
See current membership details

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Health

Data as of Q1 2025

Learn why bank health matters

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 Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #	19788
Year Chartered	1969
Employees	16
Primary Regulator

Profit Margin
Return on Assets - YTD	1.56%
Return on Equity - YTD	15.28%
Annual Interest Income	$1.2MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$84MM$75.3MM
Loans	Q1 2025vs Q1 2024	$52.3MM$49.8MM
Deposits	Q1 2025vs Q1 2024	$74.8MM$67.1MM
Equity Capital	Q1 2025vs Q1 2024	$8.3MM$7.5MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$454K$451K
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$216K$378K
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Carolina Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	$25	-	Share Savings
0.10%	$0	-	Club Account

Carolina Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.70%^*	$100k^*	-	Money Market
OTHER TIERS: 2.00% → $2.5k - $10k \| 2.10% → $10k - $25k \| 2.15% → $25k - $50k \| 2.35% → $50k - $100k

Carolina Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$0	-	Checking Account

Carolina Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%	$10k	-	6 Month CD
3.80%^*	$50k^*	-	1 Year CD
OTHER TIERS: 3.75% → $1k - $50k
3.45%^*	$50k^*	-	2 Year CD
OTHER TIERS: 3.35% → $1k - $50k
3.35%^*	$50k^*	-	3 Year CD
OTHER TIERS: 3.25% → $1k - $50k
3.25%^*	$50k^*	-	5 Year CD
OTHER TIERS: 3.15% → $1k - $50k

Carolina Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%	$10k	-	6 Month IRA
3.80%^*	$50k^*	-	1 Year IRA
OTHER TIERS: 3.75% → $1k - $50k
3.45%^*	$50k^*	-	2 Year IRA
OTHER TIERS: 3.35% → $1k - $50k
3.35%^*	$50k^*	-	3 Year IRA
OTHER TIERS: 3.25% → $1k - $50k
3.25%^*	$50k^*	-	5 Year IRA
OTHER TIERS: 3.15% → $1k - $50k
2.50%	$0	-	IRA Savings

Locations

Carolina Federal Credit Union Locations
Branch Office	1200 E Church St	Cherryville, NC 28021-9211

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