Jun, 30, 2024 — CAROLINA COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLOTTE, NC with 3 branch locations and about $57.51 million in total assets. Opened 62 years ago in 1962, CAROLINA COOPERATIVE FEDERAL CREDIT UNION has about 10,245 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 COOPERATIVE FEDERAL CREDIT UNION |
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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: | 10,245 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24801 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $57,509,213 |
CEO/Manager: | Ashley Hill |
Chairperson: | Rachel L Dover |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,543,933 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,531,168 |
Unsecured Loans | 3,093,741 |
Other Loans | 42,859,641 |
TOTAL LOANS | 50,484,550 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -183,913 |
Land And Building | 869,706 |
Other Fixed Assets | 25,983 |
NCUSIF Deposit | 421,162 |
All Other Assets | 0 |
TOTAL ASSETS | 57,509,213 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 603,819 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,599,103 |
Regular shares | 22,171,133 |
All Other Shares & Deposits | 18,548,317 |
TOTAL SHARES & DEPOSITS | 50,318,553 |
TOTAL LIABILITIES | 50,922,372 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 6,586,841 |
TOTAL EQUITY | 6,586,841 |
TOTAL LIABILITIES, SHARES, & EQUITY | 57,509,213 |
INCOME & EXPENSE | |
Loan Income | 1,334,755 |
Investment Income | 43,361 |
Other Income | 787,712 |
Total Employee Compensation & Benefits | 821,046 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 914,055 |
Non-operating Income & (Expense) | 30,676 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 180,504 |
Cost of Funds | 183,109 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 245,178 |
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