Carolinas Telco Federal Credit Union
Carolinas Telco Federal Credit Union is headquartered in Charlotte and is the 13th largest credit union in the state of North Carolina. It is also the 699th largest credit union in the nation. It was established in 1979 and as of June of 2024, it had grown to 113 employees and 32,221 members at 9 locations. Carolinas Telco Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership in Carolinas Telco Federal Credit Union is open to North Carolina resident through membership in the North Carolina Consumers Council. Those who live, work, worship, or attend school in select areas of Mecklenburg County, NC; Wake County, NC; Gaston County, NC; or Richland County, SC, are also eligible to join. Employees of many North Carolina and South Carolina Select Employee Groups also qualify for membership.
See current membership details
Related Posts
8/27 - CAROLINAS TELCO FCU: IRA Rate Drop: 48Mo.1.21 APY; 36Mo/1.11; 24Mo/1.01
4/11 - CD Rates Dropped: Highest Rate Now 2.02%CD / 2.12% IRA
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 23494 |
| Year Chartered | 1979 |
| Employees | 113 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.64% |
| Return on Equity - YTD | -9.16% |
| Annual Interest Income | $11.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $541.8MM$569.8MM |
| Loans | Q2 2024vs Q2 2023 | $296MM$333.7MM |
| Deposits | Q2 2024vs Q2 2023 | $426.7MM$446.1MM |
| Equity Capital | Q2 2024vs Q2 2023 | $38.3MM$40.7MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $4.2MM$2.4MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $3.7MM$3.5MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |