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Overview / Commentary
800-378-1955
1200 E Church Street
Cherryville, NC 28021

Carolina Federal Credit Union is headquartered in Cherryville and is the 36th largest credit union in the state of North Carolina. It is also the 2,361st largest credit union in the nation. It was established in 1969 and as of September of 2017, it had grown to 13 employees and 5,824 members at 1 location. Carolina Federal Credit Union's CD rates are 17% higher than the national average, and it has a C+ 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.
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Health
C+
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 low asset base.

Health Grade Components

Overall
NCUA #19788
Year Chartered1969
Employees13
Primary Regulator
Profit Margin
Return on Assets - YTD-0.18%
Return on Equity - YTD-1.94%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$48.8MM$45.8MM
LoansQ3 2017vs Q3 2016$34.3MM$32.2MM
DepositsQ3 2017vs Q3 2016$43.8MM$40.8MM
Equity CapitalQ3 2017vs Q3 2016$4.7MM$4.8MM
Loan Loss AllowanceQ3 2017vs Q3 2016$612.00K$555.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$837.00K$476.00K
Real Estate OwnedQ3 2017vs Q3 2016$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%--IRA Savings
0.20%$25-Share Savings

Carolina Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$50k*-Money Market
OTHER TIERS: 0.35% $2,500 - $10k | 0.40% $10k - $25k | 0.45% $25k - $50k

Carolina Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Checking Account

Carolina Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.20%*$50k*-5 Year CD
OTHER TIERS: 1.85% $1k - $50k
1.70%*$50k*-3 Year CD
OTHER TIERS: 1.55% $1k - $50k
1.15%*$50k*-2 Year CD
OTHER TIERS: 1.05% $1k - $50k
1.05%*$50k*-1 Year CD
OTHER TIERS: 0.95% $1k - $50k
0.75%$10k-6 Month CD
Locations


Carolina Federal Credit Union Locations
Branch Office1200 E Church StCherryville, NC 28021-9211