Founded on November 5, 1948, and named for agricultural researcher and scientist George Washington Carver, Carver formally began operations on 125th Street in Harlem, providing local residents a place to save and obtain mortgages to buy homes in their own communities on January 5, 1949. Now the largest African-American and Caribbean-American led bank in the United States, Carver continues its mission, providing banking services and by investing in its most precious resource, its customers. Carver channels its capital resources into underserved neighborhoods, investing over 80% of its deposits into the neighborhoods it serves.
My daughter has a custodial account she was able to create an online account when she called the bank to find out why she couldn't transfer funds into or out of the account all record of her account disappeared. My daughter is 18 by law that account is supposed to be turned over to her.That Brenda McCoy character told her to send in a "dormant" form and a copy of her I.D. and have it notarized she still does not have access to her account it's been over two weeks since she sent in this information every time she calls this "bank" she gets the runaround.. These people are liars and crooks , so much for supporting black businesses. My father who is in hospice in Harlem hospital made the account for my son and daughter, we both called the bank together,when we spoke to Brenda McCoy she says to my father, I swear on my late mother , this is what she says to my father, "I thought you were dying" then she accuses my daughter and myself of committing fraud by saying ,we don't sound right. Meanwhile my daughter's account has all but disappeared, there is no record of her account at Carver Federal Savings Bank my daughter has spoken to Janet Beach. Got the runaround. Today she spoke with with Raquel Green who in retaliation for my daughter , who in desperation, opened a case with The OCC refused to even speak with my daughter and told her she has to wait for the bank to respond to the OCC. They have never even tried to resolve my daughter's issues from where I am sitting I think they stole her money. These people are unethical trash and I am embarrassed and ashamed that they are representing black businesses. They looked for any excuse to deny my daughter access to an account that is in her name and have basically stolen her money. No wonder no customers can leave posts on their Facebook page. They are CROOKS!!
Overall | |
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FDIC Certificate # | 30394 |
Year Established | 1948 |
Employees | 110 |
Primary Regulator | OCC |
Profit Margin | |
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Return on Assets - YTD | -0.43% |
Return on Equity - YTD | -5.03% |
Annual Interest Income | $7.5MM |
Assets and Liabilities | ||
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Assets | Q1 2023vs Q1 2022 | $724.2MM$735.3MM |
Loans | Q1 2023vs Q1 2022 | $592.7MM$573.9MM |
Deposits | Q1 2023vs Q1 2022 | $610.7MM$647.7MM |
Equity Capital | Q1 2023vs Q1 2022 | $62.1MM$70.2MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $5.2MM$5.6MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $12.8MM$13.1MM |
Real Estate Owned | Q1 2023vs Q1 2022 | $60.00K$60.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.50% | $1 | - | IOLA | |
0.05% | $1 | - | Business Value Plus Interest Checking | |
0.05% | $1 | - | Value Plus Interesting Checking |
Carver Federal Savings Bank Locations | ||
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Crown Heights Branch | 1009 Nostrand Avenue | Brooklyn, NY 11225 |
St. Albans Branch | 115-02 Merrick Blvd | Jamaica, NY 11434 |
Bedford-Stuyvesant Branch | 1392 Fulton Street | Brooklyn, NY 11216 |
Malcolm X Boulevard Branch | 142 Malcolm X Boulevard | New York, NY 10026 |
Atlantic Terminal Branch | 4 Hanson Place | Brooklyn, NY 11217 |
Carver Federal Savings Bank | 75 W 125th St | New York, NY 10027 |
Flatbush Branch | 833 Flatbush Avenue | Brooklyn, NY 11226 |