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CAROLINA COOPERATIVE FEDERAL CREDIT UNION

Jun, 30, 2021 — CAROLINA COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLOTTE, NC with 3 branch locations and about $53.08 million in total assets. Opened 59 years ago in 1962, CAROLINA COOPERATIVE FEDERAL CREDIT UNION has about 9,755 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:9,755
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:$53,083,475
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 9,329,652
TOTAL INVESTMENTS 2,605,864
Loans Held for Sale 0
 
 Real Estate Loans 5,634,675
 Unsecured Loans 3,730,790
 Other Loans 29,960,835
 TOTAL LOANS 39,326,300
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -136,762
 Land And Building 887,648
 Other Fixed Assets 36,437
 NCUSIF Deposit 409,438
 All Other Assets 624,898
  TOTAL ASSETS 53,083,475
LIABILITIES & CAPITAL:  
 Dividends Payable 86
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 468,182
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,237,481
 Regular shares 20,467,076
 All Other Shares & Deposits 17,808,315
  TOTAL SHARES & DEPOSITS 46,512,872
  TOTAL LIABILITIES 46,981,140
 Regular Reserve 1,271,686
 Other Reserves 0
 Undivided Earnings 4,830,649
  TOTAL EQUITY 6,102,335
  TOTAL LIABILITIES, SHARES, & EQUITY 53,083,475
INCOME & EXPENSE  
 Loan Income 937,066
 Investment Income 39,729
 Other Income 483,348
 Total Employee Compensation & Benefits 493,420
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 639,533
 Non-operating Income & (Expense) 2,550
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 22,930
 Cost of Funds 144,519
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 286,732
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