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CAROLINA COOPERATIVE FEDERAL CREDIT UNION

Sep, 30, 2021 — CAROLINA COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLOTTE, NC with 3 branch locations and about $52.94 million in total assets. Opened 60 years ago in 1962, CAROLINA COOPERATIVE FEDERAL CREDIT UNION has about 9,790 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: 253075251
Name:CAROLINA COOPERATIVE FEDERAL CREDIT UNION
Address:
(Main Office)
6502 MCMAHON DRIVE
CHARLOTTE, NC 28226
Phone:(704) 543-8901
Fax:(704) 543-6931
Website:http://www.carolinacu.com
Branches:3 branch locations
Members:9,790
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$52,936,061
CEO/Manager:Ashley Hill
Chairperson:Rachel L Dover

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,459,240
TOTAL INVESTMENTS 2,357,864
Loans Held for Sale 0
 
 Real Estate Loans 5,416,859
 Unsecured Loans 3,626,100
 Other Loans 31,431,871
 TOTAL LOANS 40,474,830
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -140,427
 Land And Building 882,833
 Other Fixed Assets 31,440
 NCUSIF Deposit 409,438
 All Other Assets 460,843
  TOTAL ASSETS 52,936,061
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 354,482
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,601,534
 Regular shares 20,814,732
 All Other Shares & Deposits 16,914,447
  TOTAL SHARES & DEPOSITS 46,330,713
  TOTAL LIABILITIES 46,685,195
 Regular Reserve 1,271,686
 Other Reserves 0
 Undivided Earnings 4,979,180
  TOTAL EQUITY 6,250,866
  TOTAL LIABILITIES, SHARES, & EQUITY 52,936,061
INCOME & EXPENSE  
 Loan Income 1,408,449
 Investment Income 51,152
 Other Income 735,151
 Total Employee Compensation & Benefits 771,637
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 950,341
 Non-operating Income & (Expense) 54,781
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 60,142
 Cost of Funds 211,434
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 435,263
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