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CAROLINA COOPERATIVE FEDERAL CREDIT UNION

Mar, 31, 2022 — CAROLINA COOPERATIVE FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLOTTE, NC with 3 branch locations and about $56.12 million in total assets. Opened 60 years ago in 1962, CAROLINA COOPERATIVE FEDERAL CREDIT UNION has about 9,976 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:9,976
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:$56,119,633
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 9,253,302
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,989,644
 Unsecured Loans 3,298,619
 Other Loans 34,899,288
 TOTAL LOANS 43,187,551
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -166,503
 Land And Building 873,204
 Other Fixed Assets 30,003
 NCUSIF Deposit 433,801
 All Other Assets 0
  TOTAL ASSETS 56,119,633
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 469,800
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,423,472
 Regular shares 22,820,505
 All Other Shares & Deposits 16,968,082
  TOTAL SHARES & DEPOSITS 49,212,059
  TOTAL LIABILITIES 49,681,859
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 6,437,774
  TOTAL EQUITY 6,437,774
  TOTAL LIABILITIES, SHARES, & EQUITY 56,119,633
INCOME & EXPENSE  
 Loan Income 439,669
 Investment Income 11,183
 Other Income 256,606
 Total Employee Compensation & Benefits 249,437
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 264,356
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 79,355
 Cost of Funds 59,756
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 96,111
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