Sep, 30, 2025 — CAROLINA COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLOTTE, NC with 3 branch locations and about $48.13 million in total assets. Opened 64 years ago in 1962, CAROLINA COOPERATIVE FEDERAL CREDIT UNION has about 9,466 members and employs 16 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 COOPERATIVE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6502 McMahan Dr CHARLOTTE, NC 28226 |
| Phone: | (704) 543-8901 |
| Fax: | (704) 543-6931 |
| Website: | https://www.carolinacu.com |
| Branches: | 3 branch locations |
| Members: | 9,466 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24801 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $48,131,745 |
| CEO/Manager: | Ashley Hill |
| Chairperson: | Rachel L Dover |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,057,484 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,017,076 |
| Unsecured Loans | 3,680,496 |
| Other Loans | 22,311,381 |
| TOTAL LOANS | 32,008,953 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -474,876 |
| Land And Building | 1,273,052 |
| Other Fixed Assets | 52,235 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 426,488 |
| All Other Assets | 3,000 |
| TOTAL ASSETS | 48,131,745 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 555,430 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,892,029 |
| Regular shares | 16,734,893 |
| All Other Shares & Deposits | 17,629,914 |
| TOTAL SHARES & DEPOSITS | 41,256,836 |
| TOTAL LIABILITIES | 41,812,266 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,319,479 |
| TOTAL EQUITY | 6,319,479 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 48,131,745 |
| INCOME & EXPENSE | |
| Loan Income | 1,151,744 |
| Investment Income | 501,348 |
| Other Income | 761,911 |
| Total Employee Compensation & Benefits | 793,924 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,177,209 |
| Non-operating Income & (Expense) | -15,048 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 122,592 |
| Cost of Funds | 469,991 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -78,509 |
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