Charlotte Fire Department Credit Union

Overview / Commentary

www.cfdcu.org

800-335-6195

2121 Commonwealth Ave
Charlotte, NC 28205

Charlotte Fire Department Credit Union is headquartered in Charlotte and is the 39^th largest credit union in the state of North Carolina. It is also the 2,361^st largest credit union in the nation. It was established in 1955 and as of March of 2020, it had grown to 11 employees and 2,918 members at 1 location. Charlotte Fire Department Credit Union's CD rates are 11% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Charlotte Fire Department CU is open to employees and volunteers for the Charlotte Fire Dept along with their families.
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Health

B+

Data as of Q1 2020

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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. Charlotte Fire Department Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #	63566
Year Chartered	1955
Employees	11
Primary Regulator

Profit Margin
Return on Assets - YTD	0.09%
Return on Equity - YTD	0.65%
Annual Interest Income	$476.00K

Assets and Liabilities
Assets	Q1 2020vs Q1 2019	$49.2MM$47.5MM
Loans	Q1 2020vs Q1 2019	$22.1MM$24.9MM
Deposits	Q1 2020vs Q1 2019	$42.2MM$40.8MM
Equity Capital	Q1 2020vs Q1 2019	$6.8MM$6.5MM
Loan Loss Allowance	Q1 2020vs Q1 2019	$135.00K$130.00K
Unbacked Noncurrent Loans	Q1 2020vs Q1 2019	$29.00K$2.00K
Real Estate Owned	Q1 2020vs Q1 2019	$0$0

Rates

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Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Charlotte Fire Department Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.75%	-	-	IRA Savings
0.15%	-	-	Shares

Charlotte Fire Department Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$200	-	Share Draft

Charlotte Fire Department Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.25%^*	$100k^*	-	24 Month Share Certificate
OTHER TIERS: 1.00% → $2.5k - $100k
1.00%^*	$100k^*	-	12 Month Share Certificate
OTHER TIERS: 0.75% → $2.5k - $100k
0.75%^*	$100k^*	-	6 Month Share Certificate
OTHER TIERS: 0.50% → $2.5k - $100k

Charlotte Fire Department Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.25%^*	$100k^*	-	24 Month IRA Share Certificate
OTHER TIERS: 1.00% → $2.5k - $100k
1.00%^*	$100k^*	-	12 Month IRA Share Certificate
OTHER TIERS: 0.75% → $2.5k - $100k
0.75%^*	$100k^*	-	6 Month IRA Share Certificate
OTHER TIERS: 0.50% → $2.5k - $100k

Locations

Charlotte Fire Department Credit Union Locations
Branch Office	2121 Commonwealth Ave	Charlotte, NC 28205-5100

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