Featured Savings Rates
Featured Accounts

Carolina Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.90%5-year CD5 Year Share Certificate
0.75%1-year CD1 Year Share Certificate
0.20%SavingsShare Savings Account

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

Carolina Federal Credit Union is headquartered in Cherryville and is the 39th largest credit union in the state of North Carolina. It is also the 2,439th largest credit union in the nation. It was established in 1969 and as of June of 2016, it had grown to 12 employees and 5,372 members at 1 location. Carolina Federal Credit Union's money market rates are 14% 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.
See current membership details

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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
Employees12
Primary Regulator
Profit Margin
Return on Assets - YTD0.22%
Return on Equity - YTD2.01%
Annual Interest Income$1.0MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$44.8MM$41.7MM
LoansQ2 2016vs Q2 2015$31.4MM$29.0MM
DepositsQ2 2016vs Q2 2015$39.7MM$36.8MM
Equity CapitalQ2 2016vs Q2 2015$4.9MM$4.8MM
Loan Loss AllowanceQ2 2016vs Q2 2015$509.00K$410.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$693.00K$506.00K
Real Estate OwnedQ2 2016vs Q2 2015$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 Account
0.20%$25-Share Savings Account

Carolina Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$50k*-Money Market Savings Account
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
1.90%*$50k*-5 Year Share Certificate
OTHER TIERS: 1.55% $1k - $50k
1.40%*$50k*-3 Year Share Certificate
OTHER TIERS: 1.25% $1k - $50k
0.85%*$50k*-2 Year Share Certificate
OTHER TIERS: 0.75% $1k - $50k
0.75%*$50k*-1 Year Share Certificate
OTHER TIERS: 0.65% $1k - $50k
0.40%$10k-6 Month Share Certificate
Locations


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