Charlotte Metro Credit Union

Overview / Commentary
718 Central Ave
Charlotte, NC 28204

Charlotte Metro Credit Union is headquartered in Charlotte and is the 8th largest credit union in the state of North Carolina. It is also the 382nd largest credit union in the nation. It was established in 1962 and as of March of 2022, it had grown to 250 employees and 92,707 members at 17 locations. Charlotte Metro Credit Union's money market rates are 2X the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Charlotte Metro Credit Union is open to those who live, work, worship, or attend school in Cabarrus, Gaston, Iredell, Lincoln, Mecklenburg, Rowan, or Union Counties in North Carolina, or Chester, Lancaster, or York Counties in South Carolina.
See current membership details

Reviews (3)

Credit union

Posted by: |

I like the customer service provided. Fees applied are quietly reasonable. Overall I love credit union. Customers are given importance.

New to Area

Posted by: |

I had just move to the area and was looking for a local credit union when I came across Charlotte Metro Credit Union. As I Walk into the branch I notice that it had the relaxed and small town feel I was used to. As I waited in line to see a customer service agent I looked over the product information that they offer at CMCU and was impressed with all of the things they offered. Once I met with my agent I felt like a part of the family as soon as I sat at her desk. The products they offer were similar to all of the other big banks in the area but you felt like you have more of a personal touch with CMCU.

The Worst Experience Ever.

This was the absolute worst experience I've ever had with a bank. I had very high hopes with my account and they turned out to be worse than the other big bank in Charlotte.

I open the account and was unaware that they were doing a hard pull on my credit. Wouldn't have been a big deal if I had known that was happening, but I didn't know until after I checked my report.

They restrict access to the ATM for 90 days, so you can't deposit cash or checks into them and you are forced to go into the bank. Extremely inconvenient. And on top of that the guys who works as a teller even said he doesn't trust the atms and that I should drop my money into they're Dropbox safe.

I also explained to them a transaction, that I did not do, ran through my account and after many phone calls, and time wasted with the branch manager they would not return the fee that was accrued. Tried to dispute it and they wouldn't do it.

Very disappointed with this bank. I really had high hopes for Charlotte metro but it's been joke since day one.

If you're looking for convenience this is not the bank you want to work with.


Health Grade Components

NCUA #24808
Year Chartered1962
Primary Regulator
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD6.08%
Annual Interest Income$7.6MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$1.10B$798.9MM
LoansQ1 2022vs Q1 2021$771.6MM$560.7MM
DepositsQ1 2022vs Q1 2021$971.2MM$680.4MM
Equity CapitalQ1 2022vs Q1 2021$110.0MM$68.0MM
Loan Loss AllowanceQ1 2022vs Q1 2021$3.6MM$3.3MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$1.2MM$846.00K
Real Estate OwnedQ1 2022vs Q1 2021$0$79.00K
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Always verify rates and promotions with the bank or credit union. We are not Charlotte Metro Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

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

Charlotte Metro Credit Union Savings Account Rates

0.50%--IRA Account
0.10%*$100*-Savings Account
OTHER TIERS: 0.09% $5 - $100
0.05%--Holiday Savings Account

Charlotte Metro Credit Union Money Market Rates

0.90%*$100k*-Money Market Account
OTHER TIERS: 0.50% $1k - $50k | 0.70% $50k - $100k

Charlotte Metro Credit Union Checking Account Rates

1.25%--Simply Elite Checking w/ credit transaction requirements
1.00%--Simply Elite Checking w/ debit transaction requirements
0.30%*$500k*-Business Interest Checking Account
OTHER TIERS: 0.01% Up to $10k | 0.05% $10k - $25k | 0.07% $25k - $50k | 0.10% $50k - $100k | 0.15% $100k - $150k | 0.20% $150k - $250k | 0.25% $250k - $500k
0.01%$2k-Business Checking Account

Charlotte Metro Credit Union CD Rates

1.90%$2k-5 Year Share Certificate
1.70%$2k-4 Year Share Certificate
1.65%$50k-3 Year Jumbo Share Certificate
1.55%$50k-2 Year Jumbo Share Certificate
1.50%$2k-3 Year Share Certificate
1.50%$100k-18 Month Senior Jumbo Share Certificate
1.45%$50k-18 Month Jumbo Share Certificate
1.40%$2k-2 Year Share Certificate
1.40%$5k-18 Month Senior Share Certificate
1.35%$50k-1 Year Jumbo Share Certificate
1.30%$2k-18 Month Share Certificate
1.25%$50k-6 Month Jumbo Share Certificate
1.20%$2k-1 Year Share Certificate
1.10%$2k-6 Month Share Certificate

Charlotte Metro Credit Union IRA Rates

1.90%$2k-5 Year IRA Share Certificate
1.50%$2k-3 Year IRA Share Certificate
1.40%$2k-2 Year IRA Share Certificate


Charlotte Area

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