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CAROLINA FEDERAL CREDIT UNION

Sep, 30, 2022 — CAROLINA FEDERAL CREDIT UNION is a federal credit union headquartered in CHERRYVILLE, NC with 1 branch location and about $69.30 million in total assets. Opened 54 years ago in 1969, CAROLINA FEDERAL CREDIT UNION has about 7,312 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 St
CHERRYVILLE, NC 28021-9211
Phone:(704) 435-0186
Fax:(704) 435-8061
Website:https://www.carolinafcu.org
Branches:1 branch locations
Members:7,312
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, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$69,296,638
CEO/Manager:Donna Beringer
Chairperson:Patsy Irvin

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 11,830,912
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,776,307
 Unsecured Loans 2,276,034
 Other Loans 41,009,623
 TOTAL LOANS 48,061,964
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -247,644
 Land And Building 1,148,473
 Other Fixed Assets 56,277
 NCUSIF Deposit 542,832
 All Other Assets 39,556
  TOTAL ASSETS 69,296,638
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 714,767
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,798,577
 Regular shares 23,762,018
 All Other Shares & Deposits 29,420,625
  TOTAL SHARES & DEPOSITS 61,981,220
  TOTAL LIABILITIES 62,695,987
 Regular Reserve 0
 Other Reserves -100,990
 Undivided Earnings 6,701,641
  TOTAL EQUITY 6,600,651
  TOTAL LIABILITIES, SHARES, & EQUITY 69,296,638
INCOME & EXPENSE  
 Loan Income 1,762,270
 Investment Income 151,119
 Other Income 274,543
 Total Employee Compensation & Benefits 787,346
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,143,304
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 35,302
 Cost of Funds 238,111
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 564,099
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