Credit union · NCUA insured
Carolinas Telco Federal Credit Union Carrot Score
Top CarrotA $514.4M credit union headquartered in Charlotte, NC, with 31,566 members and 8 branches in 2 states.
Carolinas Telco Federal Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 92% of U.S. banks and credit unions
- CDs89
- Savings89
- Auto loans63
- Credit cards65
Each bar is every U.S. bank and credit union, lowest score to highest. Choose a product to see its rates.
Where Carolinas Telco Federal Credit Union ranks
By Carrot score, in each area where it has branches
Scores run from 60 to 99; 90 and up means rates near the best in the country. Top Carrot marks a score of 87 or more, the top quarter of U.S. banks and credit unions. It’s about rates only, not safety, service or who can join.
By product
How each product scores
How its rates compare with every U.S. bank and credit union. Open a product to see them.
CDs
89top 12% nationally
| Term | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| 3-8 months | 3.30% | 42% | 3.50% | 3.82% | 4.05% |
| 9-15 months | 4.30% | 94% | 3.70% | 4.00% | 4.25% |
| 16-30 months | 4.07% | 84% | 3.35% | 3.85% | 4.20% |
| 31-60 months | 3.82% | 83% | 3.05% | 3.65% | 4.07% |
| Qualified | 4.30% | 88% | 3.85% | 4.15% | 4.35% |
Best rates 89.3 · all terms 80.1 → 85.6 → 89
Savings
89top 10% nationally
| Balance | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| $1,000 | 2.02% | 93% | 0.20% | 0.50% | 1.51% |
| $10,000 | 2.02% | 89% | 0.50% | 1.15% | 2.20% |
| $100,000 | 2.02% | 76% | 1.00% | 2.01% | 2.93% |
| Qualified | 2.02% | 87% | 0.60% | 1.31% | 2.43% |
Best rates 87.8 · all balances 86.7 → 87.0 → 89
Auto loans
63beats 9% nationally
| Vehicle | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| New vehicle | 6.00% | 13% | 5.00% | 4.74% | 4.25% |
| Used vehicle | 7.25% | 6% | 5.39% | 4.99% | 4.49% |
Best rates 13.3 · all vehicles 9.5 → 11.8 → 63
Credit cards
65beats 14% nationally
| Card | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| Purchase APR | 13.50% | 15% | 10.90% | 9.90% | 8.90% |
Best rates 14.7 · all rates 14.7 → 14.7 → 65
Where the score could improve
- CDs, 3-8 months3.82%3.30% today, higher than 42% of U.S. institutions. 3.82% would reach the top quarter; 4.05% the top 10%.
- Credit cards, Purchase APR9.90%13.50% today, lower than 15% of U.S. institutions. 9.90% would reach the top quarter; 8.90% the top 10%.
- Auto loans, Used vehicle4.99%7.25% today, lower than 6% of U.S. institutions. 4.99% would reach the top quarter; 4.49% the top 10%.
Scores update as rates change. Institutions can correct a rate we show; payment never changes a score.
Method
How the score works
- Each product gets a standingWe compare its CD, savings, auto loan and credit card rates with every bank and credit union in the U.S. and give each product a standing out of 100. Its best rates count the most. For loans and cards, lower rates rank higher.
- Its two best products set the scoreWe average its two strongest products. Each extra product it publishes adds 1.5 points, so sharing more rates can only help.
- Its rank puts it on the 60–99 scaleWe rank that number against every scored bank and credit union in the country to get a score from 60 to 99. The top quarter earn Top Carrot.
How Carolinas Telco Federal Credit Union got its score
Its products stand at 87.0 for savings, 85.6 for CDs, 14.7 for credit cards and 11.8 for auto loans, out of 100. Its best two, savings and CDs, average 86.5. Publishing four products adds 3.0, for 89.5. That puts it in the top 8% nationally: a Carrot Score of 91, a Top Carrot.
The fine print: inside each product, its best rates make up 60% of its standing and all its rates the rest. Its best rates are its two best CD terms, its $10,000 and Qualified savings or money market rates, the better of its new and used auto loan rates, and its credit card purchase rate. The Qualified rate is the best $10,000 rate you can get by opening another account or meeting monthly requirements (or the standard rate, if that’s higher). Rates that need monthly activity get half credit for the extra they pay, and rates that need a combined balance count only from that balance. We subtract monthly fees and count an intro rate at what it earns over a full year. Accounts for kids, students, seniors, businesses, IRAs and health savings aren’t scored.