1. Banks
  2. Carolina Federal Credit Union

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 34th largest credit union in the state of North Carolina. It is also the 2,282nd largest credit union in the nation. It was established in 1969 and as of March of 2020, it had grown to 15 employees and 6,787 members at 1 location. Carolina Federal Credit Union 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

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
B

Data as of Q1 2020

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 - YTD1.4%
Return on Equity - YTD13.64%
Annual Interest Income$650.00K
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$54.4MM$51.6MM
LoansQ1 2020vs Q1 2019$39.0MM$38.9MM
DepositsQ1 2020vs Q1 2019$48.6MM$46.3MM
Equity CapitalQ1 2020vs Q1 2019$5.5MM$5.1MM
Loan Loss AllowanceQ1 2020vs Q1 2019$578.00K$680.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$717.00K$539.00K
Real Estate OwnedQ1 2020vs Q1 2019$0$0
Rates
Skip to rates for:
Report an Issue

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
1.00%--IRA Savings
0.20%$5-Kirby Kangaroo Share account
0.10%$25-Share Savings

Carolina Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$50k*-Money Market
OTHER TIERS: 0.15% → $2.5k - $10k | 0.25% → $10k - $25k | 0.35% → $25k - $50k

Carolina Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Checking Account

Carolina Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%*$50k*-5 Year CD
OTHER TIERS: 1.10% → $1k - $50k
1.00%*$50k*-3 Year CD
OTHER TIERS: 0.90% → $1k - $50k
0.95%*$50k*-2 Year CD
OTHER TIERS: 0.85% → $1k - $50k
0.85%*$50k*-1 Year CD
OTHER TIERS: 0.75% → $1k - $50k
0.60%$10k-6 Month CD

Carolina Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%*$50k*-5 Year IRA
OTHER TIERS: 1.10% → $1k - $50k
1.00%*$50k*-3 Year IRA
OTHER TIERS: 0.90% → $1k - $50k
0.95%*$50k*-2 Year IRA
OTHER TIERS: 0.85% → $1k - $50k
0.85%*$50k*-1 Year IRA
OTHER TIERS: 0.75% → $1k - $50k
0.60%$10k-6 Month IRA
Locations


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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.