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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 2,332nd largest credit union in the nation. It was established in 1969 and as of December of 2017, it had grown to 14 employees and 5,885 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
Employees14
Primary Regulator
Profit Margin
Return on Assets - YTD-0.19%
Return on Equity - YTD-2%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$49.7MM$45.8MM
LoansQ4 2017vs Q4 2016$34.8MM$32.8MM
DepositsQ4 2017vs Q4 2016$44.8MM$40.8MM
Equity CapitalQ4 2017vs Q4 2016$4.7MM$4.8MM
Loan Loss AllowanceQ4 2017vs Q4 2016$673.00K$523.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$1.1MM$721.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$0
Rates
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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

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

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