Carolina Federal Credit Union

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 35^th largest credit union in the state of North Carolina. It is also the 2,310^th largest credit union in the nation. It was established in 1969 and as of September of 2019, it had grown to 15 employees and 6,636 members at 1 location. Carolina Federal Credit Union's CD rates are 83% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in Gaston or Cleveland Counties in North Carolina and employees and retirees of sponsor companies.
See current membership details

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Health

Data as of Q3 2019

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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	15
Primary Regulator

Profit Margin
Return on Assets - YTD	0.51%
Return on Equity - YTD	4.95%
Annual Interest Income	$2.0MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$50.8MM$53.1MM
Loans	Q3 2019vs Q3 2018	$40.7MM$36.8MM
Deposits	Q3 2019vs Q3 2018	$45.3MM$48.0MM
Equity Capital	Q3 2019vs Q3 2018	$5.3MM$5.0MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$747.00K$659.00K
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$722.00K$836.00K
Real Estate Owned	Q3 2019vs Q3 2018	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Carolina Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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
1.00%	-	-	IRA Savings
0.25%	$25	-	Share Savings

Carolina Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.65%^*	$50k^*	-	Money Market
OTHER TIERS: 0.50% → $2.5k - $10k \| 0.55% → $10k - $25k \| 0.60% → $25k - $50k

Carolina Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	-	-	Checking Account

Carolina Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.65%^*	$50k^*	-	5 Year CD
OTHER TIERS: 2.35% → $1k - $50k
2.15%^*	$50k^*	-	3 Year CD
OTHER TIERS: 2.05% → $1k - $50k
1.80%^*	$50k^*	-	2 Year CD
OTHER TIERS: 1.70% → $1k - $50k
1.65%^*	$50k^*	-	1 Year CD
OTHER TIERS: 1.55% → $1k - $50k
1.35%	$10k	-	6 Month CD

Carolina Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.65%^*	$50k^*	-	5 Year IRA
OTHER TIERS: 2.35% → $1k - $50k
2.15%^*	$50k^*	-	3 Year IRA
OTHER TIERS: 2.05% → $1k - $50k
1.80%^*	$50k^*	-	2 Year IRA
OTHER TIERS: 1.70% → $1k - $50k
1.65%^*	$50k^*	-	1 Year IRA
OTHER TIERS: 1.55% → $1k - $50k
1.35%	$10k	-	6 Month IRA

Locations

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

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