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CAROLINA FEDERAL CREDIT UNION

Mar, 31, 2021 — CAROLINA FEDERAL CREDIT UNION is a federal credit union headquartered in CHERRYVILLE, NC with 1 branch location and about $63.66 million in total assets. Opened 52 years ago in 1969, CAROLINA FEDERAL CREDIT UNION has about 6,929 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 253175397
Name:CAROLINA FEDERAL CREDIT UNION
Address:
(Main Office)
1200 E CHURCH STREET
CHERRYVILLE, NC 28021
Phone:(704) 435-0186
Fax:(704) 435-8061
Website:http://www.carolinafcu.org
Branches:1 branch locations
Members:6,929
Credit Union Type:Federal Credit Union
Charter Number:19788
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1969
Last Audited:Jun 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$63,664,968
CEO/Manager:Donna Beringer
Chairperson:Patsy Irvin

Call Report

  • Credit Builder
  • Indirect Consumer Loans
  • Indirect Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 18,170,609
TOTAL INVESTMENTS 2,120,942
Loans Held for Sale 0
 
 Real Estate Loans 5,077,829
 Unsecured Loans 2,565,550
 Other Loans 32,424,660
 TOTAL LOANS 40,077,032
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -429,717
 Land And Building 1,261,692
 Other Fixed Assets 106,572
 NCUSIF Deposit 452,521
 All Other Assets 1,905,317
  TOTAL ASSETS 63,664,968
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,369,177
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,576,376
 Regular shares 19,399,376
 All Other Shares & Deposits 30,606,103
  TOTAL SHARES & DEPOSITS 56,581,855
  TOTAL LIABILITIES 57,951,032
 Regular Reserve 720,055
 Other Reserves 8,231
 Undivided Earnings 4,985,650
  TOTAL EQUITY 5,713,936
  TOTAL LIABILITIES, SHARES, & EQUITY 63,664,968
INCOME & EXPENSE  
 Loan Income 571,599
 Investment Income 14,012
 Other Income 78,457
 Total Employee Compensation & Benefits 229,300
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 332,684
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,797
 Cost of Funds 113,686
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 134,281
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