CAROLINA COOPERATIVE Credit Union Profile

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CAROLINA COOPERATIVE

Charter #24801 | NCUA Region 2 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (704) 543-8901

Fax: (704) 543-6931

Founding Date: N/A

Website: http://www.carolinacu.com

Personnel & Operations

President: Dover, Rachel

Manager: Hill, Ashley

FT Employees: 16

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 49

Branches: 3

Hours: 9AM - 5PM

Credit Union Profile Summary

CAROLINA COOPERATIVE is a FCU Credit Union. With a total of 9,787 members [1], this institution manages approximately $49,523,031 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 13.48% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -15.92% [1].

Financial Snapshot

Total Assets [1]
$49,523,031

Total economic resources.

Total Loans [1]
$31,308,940

Total value of outstanding loans.

Total Deposits [1]
$42,617,794

Total funds deposited by members.

Members [1]
9,787

Number of active members.

Performance Ratios

Net Worth Ratio [1]
13.48%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
-0.07%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
73.46%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↓ -6.91%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -15.92%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -3.85%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

6502 MCMAHAN DR

CHARLOTTE, NC, 28226
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 3 branches reported by CAROLINA COOPERATIVE (Charter #24801).

Main Office

Main Office Main Office

Type: Corporate Office

6502 McMahan Dr

Charlotte, NC 28226

Phone: (704) 543-8901

Services: Member Services, Drive-Thru

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Additional Branches

Gastonia

Bessemer

Type: Branch Office

1207 Bessemer City Rd

Gastonia, NC 28052

Phone: (704) 865-0072

Services: Member Services, Drive-Thru

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Monroe

Monroe

Type: Branch Office

2515 W Roosevelt Blvd Ste A

Monroe, NC 28110

Phone: (704) 226-0431

Services: Member Services, Drive-Thru

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