Overview / Commentary
Charlotte Fire Department Credit Union is headquartered in Charlotte and is the 35th largest credit union in the state of North Carolina. It is also the 2,383rd largest credit union in the nation. It was established in 1955 and as of March of 2025, it had grown to 10 employees and 3,012 members at 1 location. Charlotte Fire Department Credit Union's CD rates are 4X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Charlotte Fire Department CU is open to employees of the Charlotte Fire Department and their families, as well as volunteer firefighters and their families from the surrounding counties.
See current membership details
Health
B+
Data as of Q1 2025
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 relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 63566 |
| Year Chartered | 1955 |
| Employees | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.56% |
| Return on Equity - YTD | 4.29% |
| Annual Interest Income | $592K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $53.5MM$52MM |
| Loans | Q1 2025vs Q1 2024 | $21MM$21.9MM |
| Deposits | Q1 2025vs Q1 2024 | $46.3MM$45.5MM |
| Equity Capital | Q1 2025vs Q1 2024 | $6.9MM$6.1MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $106K$99K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $202K$24K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |