Credit union · NCUA insured
Carolina Cooperative FCU
Top CarrotA $47.3M credit union headquartered in Charlotte, NC, with 8,490 members and 3 branches in North Carolina. Best rates: savings 0.90% APY.
Carolina Cooperative FCU Carrot Score
Carrot ScoreTop Carrot
Higher than 78% of U.S. banks and credit unions
#14 of 38 in Charlotte, NC-SC metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Carolina Cooperative FCU
Founded in 1962, Carolina Cooperative Federal Credit Union is a federally chartered, member-owned credit union governed by a volunteer Board of Directors consisting only of credit union members.
Headquartered in Charlotte, North Carolina, the institution was formed through the 1999 merger of Rexham Federal Credit Union—renamed Carolina Cooperative in 1990—and Char-Meck Credit Union.
- Headquarters
- 6502 McMahan Dr, Charlotte, NC 28226
- NCUA charter
- 24801
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Individuals who live, work, worship, or study in the majority of Gaston County are eligible for membership.
Employers and groups
- Employees or anyone drawing income from many different Select Employee Groups (SEGs) are eligible for membership.
Family and household
- Family of members (defined as spouse, child, sibling, parent, grandparent, grandchild, stepparents, stepchildren, step-siblings, and adoptive relationships) are eligible for membership.
- Household members living in the same residence maintaining a single economic unit with a member are eligible for membership.
Branches
3 branches in North Carolina
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North Carolina
3 branches
- Main OfficeMain office6502 McMahan Dr, Charlotte, NC 28226Directions
- Bessemer1207 Bessemer City Rd, Gastonia, NC 28052Directions
- Monroe2515 W Roosevelt Blvd Ste A, Monroe, NC 28110Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 14.17% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 1.73% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.26% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $80 | $59 | — |
- CapitalNet worth ratio14.17%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late1.73%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.26%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$80Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Carolina Cooperative FCU are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.