Credit Unions Near Me
National Credit Union Service Organization

CAROLINA COOPERATIVE FEDERAL CREDIT UNION

Dec, 31, 2021 — CAROLINA COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLOTTE, NC with 3 branch locations and about $52.82 million in total assets. Opened 60 years ago in 1962, CAROLINA COOPERATIVE FEDERAL CREDIT UNION has about 9,894 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 McMahan Dr
CHARLOTTE, NC 28226
Phone:(704) 543-8901
Fax:(704) 543-6931
Website:http://www.carolinacu.com
Branches:3 branch locations
Members:9,894
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$52,821,983
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 7,986,273
TOTAL INVESTMENTS 1,857,864
Loans Held for Sale 0
 
 Real Estate Loans 5,276,890
 Unsecured Loans 3,498,189
 Other Loans 32,398,472
 TOTAL LOANS 41,173,551
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -135,282
 Land And Building 878,019
 Other Fixed Assets 32,220
 NCUSIF Deposit 433,801
 All Other Assets 595,537
  TOTAL ASSETS 52,821,983
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 486,579
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,380,473
 Regular shares 20,797,096
 All Other Shares & Deposits 16,816,172
  TOTAL SHARES & DEPOSITS 45,993,741
  TOTAL LIABILITIES 46,480,320
 Regular Reserve 1,271,686
 Other Reserves 0
 Undivided Earnings 5,069,977
  TOTAL EQUITY 6,341,663
  TOTAL LIABILITIES, SHARES, & EQUITY 52,821,983
INCOME & EXPENSE  
 Loan Income 1,868,030
 Investment Income 63,844
 Other Income 1,002,189
 Total Employee Compensation & Benefits 1,031,520
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,292,762
 Non-operating Income & (Expense) 54,781
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 89,992
 Cost of Funds 273,784
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 526,060
↑ Back to Top

Other Credit Unions

ALLVAC SAVINGS AND CREDIT UNION
2020 Ashcraft Ave
MONROE, NC 28110-3720
PIEDMONT CREDIT UNION
1913 W Front St
STATESVILLE, NC 28677-3646
HSM FEDERAL CREDIT UNION
235 2ND AVE NW
HICKORY, NC 28601
BLUE FLAME CREDIT UNION
4301 Yancey Rd
CHARLOTTE, NC 28217
LITHIUM FEDERAL CREDIT UNION
1111 Bessemer City Kings Mtn Hwy
BESSEMER CITY, NC 28016-9640
CS CREDIT UNION
6519 Comm Scope Rd
CATAWBA, NC 28609
SHUFORD FEDERAL CREDIT UNION
882 16th St NE
HICKORY, NC 28601
HAMLET FEDERAL CREDIT UNION
P O BOX 271
HAMLET, NC 28345
CHARLOTTE FIRE DEPARTMENT CREDIT UNION
2121 Commonwealth Ave
CHARLOTTE, NC 28205-5100
CAROLINA FEDERAL CREDIT UNION
1200 E Church St
CHERRYVILLE, NC 28021-9211