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Carolina Cooperative Federal Credit Union derives its name from the fact that it is the result of a number of smaller credit unions that have cooperatively organized into one large credit union that offers a complete array of financial and insurance services to its members.

In 1962, the Char-Meck Teachers Credit Union was chartered to serve the teachers of the Charlotte-Mecklenburg School System. Its founder was Mr. K.C. Sinclair, a Charlotte Mecklenburg math teacher.

In 1972, the P.I.R. Federal Credit Union was chartered to serve the employees of Rexham Corporation in Charlotte, North Carolina and throughout the United States. Its founder was Mr. R.M. Hubbard, a Rexham executive.

Beginning in 1980, the P.I.R. Federal Credit Union, which was later renamed the Rexham Federal Credit Union, began a series of mergers with other credit unions including Carolinas M.A.C. Federal Credit Union, Orthopedic Hospital of Charlotte Credit Union, Termaco Credit Union, Nawsuco Credit Union, Star Paper Tube Federal Credit Union, Rea Employees Federal Credit Union, Tarheels Federal Credit Union, ACC Federal Credit Union, Petty Machine Employees Federal Credit Union and J. M. S. Federal Credit Union.

In July of 1990, the Rexham Federal Credit Union changed its name to Carolina Cooperative Federal Credit Union to better reflect its membership of many different companies.

In March of 1997, the name Char-Meck Teachers Credit Union was changed to Char-Meck Credit Union as it began to accept into its field of membership employees not associated with the Charlotte-Mecklenburg School System. In 1998, Char-Meck Credit Union merged with two other credit unions, Delmar Crown Point Credit Union and the P&C Credit Union.

In 1995, as the Carolina Cooperative Federal Credit Union continued to grow and expand, a branch office was opened in Gastonia, NC, to serve its members in the Gaston County area.

In 1999, in order to increase their value to members and expand their services to more members, the Carolina Cooperative Federal Credit Union and the Char-Meck Credit Union merged. This merger resulted in a much larger credit union.

Although the name changed and a new logo was adopted, the Carolina Cooperative Federal Credit Union remains committed to the same philosophy that made the former Char-Meck Credit Union and the Carolina Cooperative Federal Credit Union so successful - that is: “Quality, Friendly Service To Every Member.”