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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 35th largest credit union in the state of North Carolina. It is also the 2,293rd largest credit union in the nation. It was established in 1969 and as of December of 2019, it had grown to 15 employees and 6,698 members at 1 location. Carolina Federal Credit Union's money market rates are 14% 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.
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Health
B

Data as of Q4 2019

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 Chartered1969
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD0.37%
Return on Equity - YTD3.64%
Annual Interest Income$2.7MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$52.1MM$51.2MM
LoansQ4 2019vs Q4 2018$40.8MM$37.5MM
DepositsQ4 2019vs Q4 2018$46.5MM$45.8MM
Equity CapitalQ4 2019vs Q4 2018$5.3MM$5.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$741.00K$651.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$886.00K$747.00K
Real Estate OwnedQ4 2019vs Q4 2018$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
1.00%--IRA Savings
0.20%$5-Kirby Kangaroo Share account
0.15%$25-Share Savings

Carolina Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$50k*-Money Market
OTHER TIERS: 0.20% → $2.5k - $10k | 0.30% → $10k - $25k | 0.40% → $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
1.20%*$50k*-5 Year CD
OTHER TIERS: 1.15% → $1k - $50k
1.05%*$50k*-3 Year CD
OTHER TIERS: 0.95% → $1k - $50k
1.00%*$50k*-2 Year CD
OTHER TIERS: 0.90% → $1k - $50k
0.90%*$50k*-1 Year CD
OTHER TIERS: 0.80% → $1k - $50k
0.65%$10k-6 Month CD

Carolina Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%*$50k*-5 Year IRA
OTHER TIERS: 1.15% → $1k - $50k
1.05%*$50k*-3 Year IRA
OTHER TIERS: 0.95% → $1k - $50k
1.00%*$50k*-2 Year IRA
OTHER TIERS: 0.90% → $1k - $50k
0.90%*$50k*-1 Year IRA
OTHER TIERS: 0.80% → $1k - $50k
0.65%$10k-6 Month IRA
Locations


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

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