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CAROLINA FEDERAL CREDIT UNION

Mar, 31, 2022 — CAROLINA FEDERAL CREDIT UNION is a federal credit union headquartered in CHERRYVILLE, NC with 1 branch location and about $69.71 million in total assets. Opened 53 years ago in 1969, CAROLINA FEDERAL CREDIT UNION has about 7,144 members and employs 14 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:http://www.carolinafcu.org
Branches:1 branch locations
Members:7,144
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$69,709,566
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 20,314,418
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,424,674
 Unsecured Loans 2,197,152
 Other Loans 37,279,466
 TOTAL LOANS 43,901,292
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -299,289
 Land And Building 1,186,213
 Other Fixed Assets 74,858
 NCUSIF Deposit 504,477
 All Other Assets 62,074
  TOTAL ASSETS 69,709,566
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 873,018
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,083,391
 Regular shares 23,916,749
 All Other Shares & Deposits 31,579,295
  TOTAL SHARES & DEPOSITS 62,579,435
  TOTAL LIABILITIES 63,452,453
 Regular Reserve 0
 Other Reserves -17,694
 Undivided Earnings 6,274,807
  TOTAL EQUITY 6,257,113
  TOTAL LIABILITIES, SHARES, & EQUITY 69,709,566
INCOME & EXPENSE  
 Loan Income 564,558
 Investment Income 9,570
 Other Income 87,876
 Total Employee Compensation & Benefits 237,693
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 354,276
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,125
 Cost of Funds 84,945
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 137,266
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