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CAROLINA COOPERATIVE FEDERAL CREDIT UNION

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.


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:https://www.carolinacu.com
Branches:3 branch locations
Members:10,245
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:$57,509,213
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 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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