Jun, 30, 2024 — 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 56 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.
Name: | CAROLINA FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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