Carolina Cooperative Federal Credit Union
Headquarters
6502 Mcmahon Drive
Charlotte, NC 28226
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2024 Overview
General Credit Union Information
Carolina Cooperative is an NCUA insured institution located in Charlotte, NC. It was founded in 1962 and has approximately $53.38 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 24801 |
| Date Established | 1962 |
| Assets | $53.38 million |
| Loans | $37.24 million |
| Deposits | $46.08 million |
| Capital | $6.91 million |
Field of Membership Restrictions
Employees or retirees drawing income from many different Select Employee Groups (SEG's) are eligible for membership. Individuals can also join our credit union if they live, work, worship or study in the majority of Gaston County! Members of the North Carolina Consumers Council are also eligible to join our credit union.
Deposit Rates - December 22, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.15% | $2,500 | $4,999 |
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|
|
Money Market
|
0.20% | $2,500 | $2,999 |
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|
|
Money Market
|
0.20% | $10,000 | $14,999 |
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|
|
Money Market
|
0.20% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.10% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.10% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.20% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.20% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.35% | $1 | $499 | Learn More |
Loan Rates - December 22, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Carolina Cooperative
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 1025894 |
6.863% | 6.750% | 1.00 | $3,705 | $2,076 | Learn More |
NMLS ID: 3030 |
7.325% | 7.250% | 0.75 | $2,400 | $2,183 | Learn More |
NMLS ID: 1907 |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.240 % After Intro: 7.240 % |
$0 |
Learn More
More Info |
Rate See Table |
Intro APR 7.900 % After Intro: 7.900 % |
$25,000 |
Learn More
More Info |
Note to Carolina Cooperative
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Branches
Below are Carolina Cooperative branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Carolina Cooperative Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 337.30 | A | View Lobby Hours | |
| 353.79 | B | View Lobby Hours | |
| 355.43 | C | View Lobby Hours | |
| 365.31 | D | View Lobby Hours |
Climate Policy and Initiatives
CAROLINA COOPERATIVE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Carolina Cooperative Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Carolina Cooperative. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Carolina Cooperative | U.S. Average |
|---|---|
| 4.40% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Carolina Cooperative had $305,202 in non-current loans and $4,800 in owned assets. To cover these potential losses it had $6,912,674 in net worth and $128,132 in loans loss reserves. That gives it a Texas Ratio of 4.40%.
Net Worth
| Carolina Cooperative | U.S. Average |
|---|---|
| 12.87% | 13.93% |
Carolina Cooperative FCU has a net worth of 12.87% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Carolina Cooperative
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