Overview / Commentary
Charlotte Fire Department Credit Union is headquartered in Charlotte and is the 39th largest credit union in the state of North Carolina. It is also the 2,360th largest credit union in the nation. It was established in 1955 and as of December of 2019, it had grown to 11 employees and 2,923 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.
See current membership details
Health
B+
Data as of Q4 2019
Learn why bank health mattersAdditional 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 | 0.14% |
| Return on Equity - YTD | 1.02% |
| Annual Interest Income | $1.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $48.2MM$47.8MM |
| Loans | Q4 2019vs Q4 2018 | $23.6MM$24.6MM |
| Deposits | Q4 2019vs Q4 2018 | $41.3MM$41.4MM |
| Equity Capital | Q4 2019vs Q4 2018 | $6.7MM$6.3MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $130.00K$132.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $194.00K$15.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |